![How to Find Low-Competition Keywords with Semrush [Super Easy]](https://static.semrush.com/blog/uploads/media/73/62/7362f16fb9e460b6d58ccc09b4a048b6/how-to-find-low-competition-keywords-sm.png)
.jpg)
%20Abstract%20Background%20112024%20SOURCE%20Amazon.jpg)
Elon Musk Makes a Massive Prediction for Tesla's Profits
He thinks the company can be worth much more in five years. Is he correct?
Tesla (NASDAQ: TSLA) is one of the best performing stocks of the last 15 years, up 17,430% since its initial public offering. And yet the shares are down 42% from all-time highs set at the end of 2024, making it one of the worst drawdowns for the stock in its history.
CEO Elon Musk believes he has a way to stop this downward spiral.
The ever-ambitious founder said in a response to an investment analyst on X (formerly Twitter) that he believes a 1,000% increase in profits for Tesla is possible over the next five years. Does that make the stock a buy-the-dip candidate today? Let's dive into this electric vehicle and technology company to find out.
