Can Tesla Stock Help Make You a Millionaire?

Core Viewpoint - Tesla's stock has seen a significant decline, down approximately 30% year-to-date and over 40% from its peak in December, yet it remains expensive compared to other electric vehicle manufacturers [1][2] Group 1: Sales Growth Potential - Tesla's annual sales have surged from under $5 billion a decade ago to over$95 billion today, primarily driven by the Model 3 and Model Y, which are priced under $50,000, making them accessible to a large market [3] - Analysts project an 8.6$25,000 vehicle, referred to as the Cybercab, is anticipated to be fully autonomous and could be a game-changer for Tesla's growth trajectory [8][11] - Tesla plans to pilot its robotaxi service in Texas, with Musk expressing optimism about the future of self-driving vehicles [9][10] Group 3: Investment Considerations - The launch of a $25,000 autonomous vehicle could significantly enhance Tesla's valuation, potentially adding hundreds of billions of dollars [11] - Current investors may need to be patient, as it could take years for Tesla to scale production of Cybercabs and establish its robotaxi service [12]