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Tesla (TSLA) is among the largest automobile manufacturers in the world, and has created massive wealth for long-term shareholders. In the last 10 years, TSLA has surged more than 2,100%, while total returns since its IPO (initial public offering) stand at a monstrous 15,400%.
Currently valued at a market cap of $782.48 billion, Tesla shares are down 38% from all-time highs. In the last 18 months, Tesla has been pressured lower by concerns over interest rate hikes, elevated inflation, lower consumer spending, and narrowing profit margins.