Key Points. Tesla is set to remain the leader in the EV industry. If Tesla develops groundbreaking technologies, its business could look different 10 years from now. The stock still carries a premium valuation.A cheaper Tesla is back on the menu

Tesla says it will build more affordable electric vehicles — perhaps as soon as 2025 — refuting recent reports that Tesla CEO Elon Musk had canceled plans for a cheaper “Model 2” vehicle in favor of getting a robotaxi out the door.Prices for the 2025 Tesla Roadster will start at $200,000, while the Founders Series limited-edition model will go for $250,000.

What is Tesla’s next product : In January 2024, Tesla CEO Elon Musk announced that the first car to use the platform will be a compact SUV, with US deliveries targeting the second half of 2025. In April 2024, Tesla CEO Elon Musk announced that a Robotaxi will be unveiled on 8 August 2024.

Will Tesla last 10 years

However, J.D. Power says, Tesla's batteries tend to degrade to the extent of about 1% of range per year, which means the batteries retain 90% of their capacity after 10 years on the road; that is well within expectations for the industry.

What will Tesla be worth in 2030 : He forecasts Tesla stock to gain about 550% to hit $1,200 a share by 2030, and for SpaceX to triple in valuation over the same period, according to a recent interview conducted by Bloomberg. Baron runs the Baron Focused Growth Fund, which counted Tesla and SpaceX as its largest holdings as of December 31, 2023.

By addressing the limitations of EV technology, navigating increasing competition, and adapting its strategies to appeal to a broader consumer base, Tesla can potentially secure its position as a leader in the automotive industry's electric future.

Who Are Tesla's Top 3 Competitors Ford, GM, NIO, and Volkswagen are four of Tesla's main competitors. In 2022, the Chinese manufacturer BYD sold more than 1.85 million plug-in electric cars, more than tripling its 2021 result of 593,745.

Is Tesla next Apple

Artificial intelligence is driving more than just cars and robots for Tesla stock.Tesla's $25,000 EV project has been shelved, Reuters has reported, drawing a denial from Tesla CEO Elon Musk and renewed interest from Wall Street. The EV maker is likely to face strong competition from numerous, more affordable EVs from Chinese automakers if it were to develop a vehicle with a $25,000 starting price.The U.S. Department of Energy uses 15,000 miles a year as its assumed standard range of annual driving for consumers, which would put Tesla's battery life at between 20 and 33 years. Assuming a single charge a day, that timeframe would involve between 7,300 and 12,045 charge cycles.

It's unlikely Tesla's returns going forward will come anywhere near resembling the last five years. So, investors shouldn't expect a $1,000 price per share by the end of the decade.

Which company can beat Tesla : Tesla Competitors: 7 Rival EV Stocks to Buy

Stock	Implied upside over Feb. 9 close
XPeng Inc. (XPEV)	112%
General Motors Co. (GM)	94.5%
Toyota Motor Corp. (TM)	3.9%
Ford Motor Co. (F)	65.6%

What is the next company like Tesla : BYD

BYD (BYDDF)

For the second consecutive year, BYD (OTCMKTS:BYDDF) overtook Tesla as the world's top selling electric automaker. Helping, the company sold about 3.02 million EVs in 2023, an improvement of about 62% year over year.

Could Apple buy Tesla

So, at the end of the day, Apple and Tesla didn't make a deal. Tesla is the top electric car company today, and Apple could have combined it to gain electric car know-how. However, buying Tesla would have been too risky and expensive for Apple, even though it would have been a shortcut into the car business.

Tesla could become the world's most valuable company, surpassing Apple and Aramco combined, as long as it “executes well” over the next five years. This is a prediction that its chief executive Elon Musk first made on Tesla's third-quarter earnings call but confirmed at the end of the year.Tesla is planning to put new models into production in the second half of 2025 — including more affordable models that were previously reported to be canceled.

Is it expensive to own a Tesla : It costs between $39,990 and $107,490 to buy a new Tesla. The average driver pays around $500 per year to charge their Tesla. That's only one-third as much as it costs to power a comparable luxury car. Insurance for a Tesla costs around $329 per month for a full coverage policy.