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Tesla's historic decade makes it the auto industry's best performer–and it's not even close

A Tesla Model S prototype on the Nurburgring. (Photo: Auto Motor Uund Sport)

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Tesla’s (NASDAQ:TSLA) performance in the stock market has surprised many people. Very few analysts expected a small electric car startup based out of Palo Alto, California to become the highest performing automaker in terms of growth, total return, and shareholder value over the past decade.

Investors who have stuck with Tesla since the electric car maker went public in 2010 have seen their investments rise over 1,100%. Data compiled by Bloomberg showed that the auto industry, in general, has appreciated 158% over the past 10 years.

While Musk is seen as one of the most ridiculed automotive CEOs in the business, his company’s performance speaks for itself. After he was forced by the Securities and Exchange Commission (SEC) to pay a $20 million fine (on top of another $20 million that Tesla had to pay) for a tweet that allegedly “misled stockholders,” he still inspired confidence among Tesla’s investors. This seemed to have paid off for the company’s supporters, as TSLA recently had its shares spike to over $420 apiece.

Tesla’s sharp and consistent growth has given the company a ranking as the third-most valuable car manufacturer in the world with a $78 billion valuation. This figure trails only Volkswagen ($98 billion) and Toyota ($230 billion) among 38 total manufacturers in the world. Tesla is over 30% more valuable than General Motors and over twice as valued as the Ford Motor Company.

The company has also successfully outperformed some of the biggest and most consistent car manufacturers in the world in terms of sales. The Model 3 sedan has become the most popular vehicle in the United States’ luxury segment, beating veterans from Japan and Germany. Since the Model S first went on sale in 2012, Tesla has also seen its sales grow 52x (5200%) while the rest of the automotive sector has only seen a 46% growth.

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In the past six months, TSLA shares saw a rise of 85%. This is so drastic that the company would have been the best performer in the S&P 500 if it was included in the esteemed list. This also allowed Tesla to be the top company among 38 of its peers that are listed in the Bloomberg Intelligence Global Automobile Index.

Despite the undeniable growth from the company, there are still analysts on Wall Street who believe Tesla’s growth is unimpressive and not worth mentioning. Kynikos Associates’ Jim Chanos stated that the electric car maker is still “one of our biggest and our best short positions.” Notorious Tesla short David Einhorn has insisted that the “wheels are falling off” of Tesla.

These shorts continue to believe this despite more than $2 billion worth of losses, particularly as the company has been in a rally since breaking the $400 mark in mid-December. That being said, some shorts have been leaving due to the damages they sustained, causing short-selling to drop around 9.2%, according to Bloomberg Opinion.

Tesla’s continuing growth is undeniable and forecasts suggest the company is not even close to finished. Bloomberg analysts suggest 14% more growth by the end of the year, 21% in 2020 and 18% in 2021. This is compared to an estimated 1%, 4%, and 3% growth for legacy automakers in the same time period.

The growth of the electric car market as a whole this decade is notable, to begin with, but Tesla seems to be responsible for the majority of this. With the carmaker now beginning to produce more than just fast and technologically advanced sedans, it seems another decade of growth is in the cards for the company.

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Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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Tesla is not sparing any expense in ensuring the Cybercab is safe

Images shared by the longtime watcher showed 16 Cybercab prototypes parked near Giga Texas’ dedicated crash test facility.

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Credit: @JoeTegtmeyer/X

The Tesla Cybercab could very well be the safest taxi on the road when it is released and deployed for public use. This was, at least, hinted at by the intensive safety tests that Tesla seems to be putting the autonomous two-seater through at its Giga Texas crash test facility. 

Intensive crash tests

As per recent images from longtime Giga Texas watcher and drone operator Joe Tegtmeyer, Tesla seems to be very busy crash testing Cybercab units. Images shared by the longtime watcher showed 16 Cybercab prototypes parked near Giga Texas’ dedicated crash test facility just before the holidays. 

Tegtmeyer’s aerial photos showed the prototypes clustered outside the factory’s testing building. Some uncovered Cybercabs showed notable damage and one even had its airbags engaged. With Cybercab production expected to start in about 130 days, it appears that Tesla is very busy ensuring that its autonomous two-seater ends up becoming the safest taxi on public roads. 

Prioritizing safety

With no human driver controls, the Cybercab demands exceptional active and passive safety systems to protect occupants in any scenario. Considering Tesla’s reputation, it is then understandable that the company seems to be sparing no expense in ensuring that the Cybercab is as safe as possible.

Tesla’s focus on safety was recently highlighted when the Cybertruck achieved a Top Safety Pick+ rating from the Insurance Institute for Highway Safety (IIHS). This was a notable victory for the Cybertruck as critics have long claimed that the vehicle will be one of, if not the, most unsafe truck on the road due to its appearance. The vehicle’s Top Safety Pick+ rating, if any, simply proved that Tesla never neglects to make its cars as safe as possible, and that definitely includes the Cybercab.

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Tesla’s Elon Musk gives timeframe for FSD’s release in UAE

Provided that Musk’s timeframe proves accurate, FSD would be able to start saturating the Middle East, starting with the UAE, next year. 

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Tesla CEO Elon Musk stated on Monday that Full Self-Driving (Supervised) could launch in the United Arab Emirates (UAE) as soon as January 2026. 

Provided that Musk’s timeframe proves accurate, FSD would be able to start saturating the Middle East, starting with the UAE, next year. 

Musk’s estimate

In a post on X, UAE-based political analyst Ahmed Sharif Al Amiri asked Musk when FSD would arrive in the country, quoting an earlier post where the CEO encouraged users to try out FSD for themselves. Musk responded directly to the analyst’s inquiry. 

“Hopefully, next month,” Musk wrote. The exchange attracted a lot of attention, with numerous X users sharing their excitement at the idea of FSD being brought to a new country. FSD (Supervised), after all, would likely allow hands-off highway driving, urban navigation, and parking under driver oversight in traffic-heavy cities such as Dubai and Abu Dhabi.

Musk’s comments about FSD’s arrival in the UAE were posted following his visit to the Middle Eastern country. Over the weekend, images were shared online of Musk meeting with UAE Defense Minister, Deputy Prime Minister, and Dubai Crown Prince HH Sheikh Hamdan bin Mohammed. Musk also posted a supportive message about the country, posting “UAE rocks!” on X.

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FSD recognition

FSD has been getting quite a lot of support from foreign media outlets. FSD (Supervised) earned high marks from Germany’s largest car magazine, Auto Bild, during a test in Berlin’s challenging urban environment. The demonstration highlighted the system’s ability to handle dense traffic, construction sites, pedestrian crossings, and narrow streets with smooth, confident decision-making.

Journalist Robin Hornig was particularly struck by FSD’s superior perception and tireless attention, stating: “Tesla FSD Supervised sees more than I do. It doesn’t get distracted and never gets tired. I like to think I’m a good driver, but I can’t match this system’s all-around vision. It’s at its best when both work together: my experience and the Tesla’s constant attention.” Only one intervention was needed when the system misread a route, showcasing its maturity while relying on vision-only sensors and over-the-air learning.

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Tesla quietly flexes FSD’s reliability amid Waymo blackout in San Francisco

“Tesla Robotaxis were unaffected by the SF power outage,” Musk wrote in his post.

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Tesla highlighted its Full Self-Driving (Supervised) system’s robustness this week by sharing dashcam footage of a vehicle in FSD navigating pitch-black San Francisco streets during the city’s widespread power outage. 

While Waymo’s robotaxis stalled and caused traffic jams, Tesla’s vision-only approach kept operating seamlessly without remote intervention. Elon Musk amplified the clip, highlighting the contrast between the two systems.

Tesla FSD handles total darkness

The @Tesla_AI account posted a video from a Model Y operating on FSD during San Francisco’s blackout. As could be seen in the video, streetlights, traffic signals, and surrounding illumination were completely out, but the vehicle drove confidently and cautiously, just like a proficient human driver.

Musk reposted the clip, adding context to reports of Waymo vehicles struggling in the same conditions. “Tesla Robotaxis were unaffected by the SF power outage,” Musk wrote in his post. 

Musk and the Tesla AI team’s posts highlight the idea that FSD operates a lot like any experienced human driver. Since the system does not rely on a variety of sensors and a complicated symphony of factors, vehicles could technically navigate challenging circumstances as they emerge. This definitely seemed to be the case in San Francisco.  

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Waymo’s blackout struggles

Waymo faced scrutiny after multiple self-driving Jaguar I-PACE taxis stopped functioning during the blackout, blocking lanes, causing traffic jams, and requiring manual retrieval. Videos shared during the power outage showed fleets of Waymo vehicles just stopping in the middle of the road, seemingly confused about what to do when the lights go out. 

In a comment, Waymo stated that its vehicles treat nonfunctional signals as four-way stops, but “the sheer scale of the outage led to instances where vehicles remained stationary longer than usual to confirm the state of the affected intersections. This contributed to traffic friction during the height of the congestion.”

A company spokesperson also shared some thoughts about the incidents. “Yesterday’s power outage was a widespread event that caused gridlock across San Francisco, with non-functioning traffic signals and transit disruptions. While the failure of the utility infrastructure was significant, we are committed to ensuring our technology adjusts to traffic flow during such events,” the Waymo spokesperson stated, adding that it is “focused on rapidly integrating the lessons learned from this event, and are committed to earning and maintaining the trust of the communities we serve every day.”

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