Over the past decade, Tesla shares have surged, offering investors significant returns. Despite being a struggling car maker, Tesla has seen its stock skyrocket by 1,700% in the last 10 years. The company’s revenue growth has slowed, but it remains consistently profitable with a high P/E ratio of 170.4.

The key to Tesla’s future success lies in its full self-driving (FSD) technology and robotaxi service. While Tesla recently launched a limited robotaxi service in Austin, Texas, it still trails behind competitors like Alphabet’s Waymo. The potential financial gain from a widespread robotaxi service is massive, making it a crucial focus for Tesla’s growth strategy.

Investors should be cautious about betting on Tesla’s success with FSD capabilities, as regulatory hurdles and safety concerns remain significant obstacles. While some believe Tesla will achieve substantial earnings growth in the future, others see the company continuing to sell EVs with a lower P/E multiple. The uncertainty surrounding Tesla’s future makes it a risky investment option.

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