15 Stocks ChatGPT Predicts Could Make You Wealthy in 10 Years

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7. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 99

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company, headquartered in Austin, Texas. It is a pioneer in the EV industry and has significantly contributed to the global shift toward sustainable transportation through its electric cars.

As of the close of day on January 21, the stock’s market value has surged by 75% since Donald Trump’s victory in the 2024 presidential elections, which has lifted the company back into the elite club of corporations with a market cap of $1 trillion. CEO Elon Musk pumped a whopping $277 million into Trump’s election campaign and now leads the Department of Government Efficiency under the new administration, giving him the powers to eliminate inconvenient regulations.

Investors are optimistic about the Robotaxi and FSD technology driving another phase of growth for Tesla, Inc. (NASDAQ:TSLA) ahead. Musk unveiled the Cybercab in October last year, and since then the company has been showcasing the self-driving two-seater at several locations across the country, with plans to deploy the autonomous services in California and Texas this year.

Tesla, Inc. (NASDAQ:TSLA)’s financial performance remains robust. During the third quarter of fiscal 2024, the automotive company reported a revenue of $25.18 billion, up 8% from the prior year, fueled by strong growth in vehicle deliveries. It also benefited from automotive regulatory credit revenue of $739 million, which helped improve profit margins. EPS was logged at $0.72, beating forecasts of 58 cents per share.

Looking ahead, Musk anticipates vehicle growth of at least 20% in 2025, due to the advent of autonomy and the lower cost of vehicles. He is also confident about Cybercab reaching volume production in 2026, aiming for at least 2 million units a year.

Considering the company’s encouraging future outlook, it comes as no surprise that Tesla, Inc. (NASDAQ:TSLA) is among the stocks ChatGPT predicts could make you wealthy in 10 years.

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