Tesla (TSLA) Stock Inflation-Adjusted

Tesla, Inc. (TSLA) is a leading manufacturer of electric vehicles, battery energy storage systems and solar products, aiming to accelerate the world's transition to sustainable energy.

Nominal prices alone provide an incomplete view of an investment's performance. They don't account for how inflation erodes purchasing power over time. To provide a more complete analysis, this page adjusts Tesla's historical stock prices using the US Consumer Price Index. The charts and data below let you directly compare the nominal price to its real value, offering a more accurate understanding of Tesla's long-term performance.

Nominal prices are adjusted for stock splits and assume reinvestment of any dividends to reflect total return. Inflation-adjusted prices use March 2026 as the baseline (latest available CPI).

The current value of Tesla stock is 390.82 (as of the close of May 1, 2026), 20.22% lower than the all-time high of 489.88 (Dec 16, 2025).

While the nominal high reached 489.88, the inflation-adjusted peak value was 502.07 on December 17, 2024.

Since June 29, 2010, the inflation-adjusted total return for the stock has been 16,097%, which is equivalent to an annual growth rate of 37.88%.

In nominal values, the total return since this date has been 24,439%, or an annualized rate of 41.54%.

Inflation-Adjusted Values by Month

This data presents Tesla's end-of-month closing levels over time. The inflation-adjusted column shows what each past level would represent in roughly today's dollars based on the latest CPI reading, following the same present-value method that underlies the US Inflation Calculator. The newest row will show matching nominal and adjusted values until another CPI update becomes available.

Date	Inflation-Adjusted	Nominal value
May 2026	390.82	390.82
Apr 2026	381.63	381.63
Mar 2026	371.75	371.75
Feb 2026	406.73	402.51
Jan 2026	436.97	430.41
Dec 2025	458.27	449.72
Nov 2025	438.25	430.17
Oct 2025	456.56	456.56
Sep 2025	452.13	444.72
Aug 2025	340.3	333.87
Jul 2025	315.11	308.27
Jun 2025	325.2	317.66
May 2025	355.89	346.46
Apr 2025	290.44	282.16
Mar 2025	267.6	259.16
Feb 2025	303.2	292.98
Jan 2025	420.57	404.6
Dec 2024	422.53	403.84
Nov 2024	361.26	345.16
Oct 2024	261.37	249.85
Sep 2024	274	261.63
Aug 2024	224.6	214.11
Jul 2024	243.63	232.07
Jun 2024	207.98	197.88
May 2024	187.23	178.08
Apr 2024	193.02	183.28
Mar 2024	185.85	175.79
Feb 2024	214.82	201.88
Jan 2024	200.53	187.29
Dec 2023	267.49	248.48
Nov 2023	258.19	240.08
Oct 2023	215.55	200.84
Sep 2023	268.45	250.22
Aug 2023	277.57	258.08
Jul 2023	288.88	267.43
Jun 2023	283.31	261.77
May 2023	221.42	203.93
Apr 2023	178.85	164.31
Mar 2023	226.96	207.46
Feb 2023	225.79	205.71
Jan 2023	191.19	173.22
Dec 2022	137.05	123.18
Nov 2022	215.96	194.7
Oct 2022	252.13	227.54
Sep 2022	295.1	265.25
Aug 2022	307.29	275.61
Jul 2022	331.19	297.15
Jun 2022	250.16	224.47
May 2022	285.54	252.75
Apr 2022	331.52	290.25
Mar 2022	412.56	359.2
Feb 2022	337.69	290.14
Jan 2022	366.73	312.24
Dec 2021	417.22	352.26
Nov 2021	453.34	381.59
Oct 2021	443.33	371.33
Sep 2021	311.17	258.49
Aug 2021	296.02	245.24
Jul 2021	277.07	229.07
Jun 2021	275.36	226.57
May 2021	255.65	208.41
Apr 2021	292.41	236.48
Mar 2021	277.56	222.64
Feb 2021	282.7	225.17
Jan 2021	333.91	264.51
Dec 2020	298.2	235.22
Nov 2020	240.08	189.2
Oct 2020	164.03	129.35
Sep 2020	181.43	143
Aug 2020	211.03	166.11
Jul 2020	121.56	95.38
Jun 2020	92.21	71.99
May 2020	71.69	55.67
Apr 2020	67.13	52.13
Mar 2020	44.69	34.93
Feb 2020	56.85	44.53
Jan 2020	55.52	43.37
Dec 2019	35.84	27.89
Nov 2019	28.24	22
Oct 2019	26.94	20.99
Sep 2019	20.65	16.06
Aug 2019	19.36	15.04
Jul 2019	20.73	16.11
Jun 2019	19.21	14.9
May 2019	15.92	12.34
Apr 2019	20.56	15.91
Mar 2019	24.24	18.66
Feb 2019	27.86	21.33
Jan 2019	26.85	20.47
Dec 2018	29.16	22.19
Nov 2018	30.61	23.37
Oct 2018	29.36	22.49
Sep 2018	23.09	17.65
Aug 2018	26.34	20.11
Jul 2018	26.04	19.88
Jun 2018	29.96	22.86
May 2018	24.91	18.98
Apr 2018	25.82	19.59
Mar 2018	23.48	17.74
Feb 2018	30.33	22.87
Jan 2018	31.47	23.62
Dec 2017	27.8	20.76
Nov 2017	27.56	20.59
Oct 2017	29.59	22.1
Sep 2017	30.42	22.74
Aug 2017	31.91	23.73
Jul 2017	29.09	21.56
Jun 2017	32.5	24.11
May 2017	30.67	22.73
Apr 2017	28.28	20.94
Mar 2017	25.13	18.55
Feb 2017	22.59	16.67
Jan 2017	22.84	16.8
Dec 2016	19.48	14.25
Nov 2016	17.28	12.63
Oct 2016	18.01	13.18
Sep 2016	18.6	13.6
Aug 2016	19.38	14.13
Jul 2016	21.48	15.65
Jun 2016	19.39	14.15
May 2016	20.46	14.88
Apr 2016	22.15	16.05
Mar 2016	21.24	15.32
Feb 2016	17.82	12.8
Jan 2016	17.77	12.75
Dec 2015	22.34	16
Nov 2015	21.36	15.35
Oct 2015	19.15	13.8
Sep 2015	22.98	16.56
Aug 2015	23.01	16.6
Jul 2015	24.55	17.74
Jun 2015	24.75	17.88
May 2015	23.22	16.72
Apr 2015	21.03	15.07
Mar 2015	17.6	12.58
Feb 2015	19.07	13.56
Jan 2015	19.18	13.57
Dec 2014	20.85	14.83
Nov 2014	22.79	16.3
Oct 2014	22.41	16.11
Sep 2014	22.44	16.18
Aug 2014	24.96	17.98
Jul 2014	20.63	14.89
Jun 2014	22.17	16
May 2014	19.23	13.85
Apr 2014	19.3	13.86
Mar 2014	19.42	13.9
Feb 2014	22.95	16.32
Jan 2014	17.07	12.09
Dec 2013	14.21	10.03
Nov 2013	12.02	8.49
Oct 2013	15.08	10.66
Sep 2013	18.18	12.89
Aug 2013	15.91	11.27
Jul 2013	12.65	8.95
Jun 2013	10.12	7.16
May 2013	9.24	6.52
Apr 2013	5.11	3.6
Mar 2013	3.58	2.53
Feb 2013	3.3	2.32
Jan 2013	3.59	2.5
Dec 2012	3.25	2.26
Nov 2012	3.23	2.25
Oct 2012	2.68	1.88
Sep 2012	2.79	1.95
Aug 2012	2.73	1.9
Jul 2012	2.63	1.83
Jun 2012	3	2.09
May 2012	2.83	1.97
Apr 2012	3.17	2.21
Mar 2012	3.57	2.48
Feb 2012	3.23	2.23
Jan 2012	2.82	1.94
Dec 2011	2.79	1.9
Nov 2011	3.19	2.18
Oct 2011	2.86	1.96
Sep 2011	2.37	1.63
Aug 2011	2.4	1.65
Jul 2011	2.74	1.88
Jun 2011	2.84	1.94
May 2011	2.94	2.01
Apr 2011	2.7	1.84
Mar 2011	2.73	1.85
Feb 2011	2.38	1.59
Jan 2011	2.41	1.61
Dec 2010	2.67	1.78
Nov 2010	3.55	2.36
Oct 2010	2.2	1.46
Sep 2010	2.06	1.36
Aug 2010	1.96	1.3
Jul 2010	2.01	1.33
Jun 2010	2.41	1.59

Returns from Investing in Tesla stock

How much did an investment in Tesla really grow each year after accounting for inflation? The following chart contains the inflation-adjusted real annual percentage returns.

Detailed Annual Returns (Adjusted vs. Nominal)

The table below shows the returns for Tesla stock by year, both inflation-adjusted and nominal. You can sort any column by clicking on the header.

Year	Inflation-Adjusted Return	Nominal Return
2024	57.96%	62.52%
2023	95.18%	101.72%
2022	-67.15%	-65.03%
2021	39.91%	49.76%
2020	732.1%	743.44%
2019	22.89%	25.7%
2018	4.89%	6.89%
2017	42.69%	45.7%
2016	-12.78%	-10.97%
2015	7.13%	7.91%
2014	46.74%	47.85%
2013	337.57%	344.14%
2012	16.56%	18.59%
2011	4.16%	7.25%

Tesla Stock: Average Annualized Returns

Annualized returns show the average rate of growth per year, making it easier to compare performance across different time periods. While nominal returns indicate the headline growth, adjusting for inflation reveals the actual change in purchasing power.

This table presents both nominal and inflation-adjusted average annual returns for Tesla over various trailing periods ending March 31, 2026, offering a clearer view of long-term, real investment performance.

Period	Avg. Annual Return (Inflation-Adjusted)	Avg. Annual Return (Nominal)
Last 1 year	38.92%	43.44%
Last 3 years	17.88%	21.46%
Last 5 years	6.02%	10.8%
Last 10 years	33.14%	37.56%

Real Returns of Investing in the Tesla

The chart and table below show the nominal and inflation-adjusted value of a hypothetical $100 investment over various long-term historical periods, ending in September 2025.

The inflation-adjusted line, in green, represents the real increase in purchasing power for the initial investment. Observe the gap between both lines, which illustrates the cumulative effect of inflation over time.

Even over just five years, inflation takes a noticeable bite out of investments. Investing $100 in the Tesla five years ago yielded an 97.51% nominal gain, but the real return (the actual increase in buying power) was 59.94%.

As investment periods get longer, the difference between reported nominal returns and the inflation-adjusted gains usually becomes much greater due to the compounding effect of inflation over time.

Investment Period	What $100 Grew To (Nominal)	Total Nominal Return (%)	Total Inflation-Adjusted Return (%)
Last 5 years Feb 2021 - Sep 2025	$197.51	97.51%	59.94%
Last 10 years Feb 2016 - Sep 2025	$3,475.64	3,376%	2,437%

Inflation Impact on Tesla

As a manufacturing-heavy technology company, Tesla's operations are significantly exposed to inflation.

Raw Materials: The cost of key battery materials like lithium, cobalt and nickel are highly sensitive to global commodity price inflation, directly impacting vehicle production costs.
Labor Costs: Wage inflation for both manufacturing and engineering talent can increase operational expenses and affect profitability.
Capital Expenditures: Building new Gigafactories and expanding production lines becomes more expensive as construction and equipment costs rise with inflation.
Consumer Demand: While demand for EVs has been strong, high inflation can erode consumer purchasing power, potentially slowing demand for higher-priced vehicles.

Tesla's strategy to counter these effects includes vertical integration to control manufacturing costs, long-term supplier contracts and a strong brand that has historically allowed it to pass on some cost increases to consumers.

About Tesla

Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems.

Led by CEO and billionaire entrepreneur Elon Musk, the company is a major force in the automotive and clean energy sectors. Its products include electric cars like the Model S, Model 3, Model X and Model Y, as well as Powerwall, Megapack and Solar Roof.

Headquartered in Austin, Texas, Tesla is one of the most prominent and widely followed stocks in the world.

Last Close May 1, 2026	390.82
Highest Dec 16, 2025	489.88
Highest, Inflation-Adjusted Dec 17, 2024	502.07
Annualized return Since Jun 29, 2010	41.54%
Annualized return, Inflation-Adjusted Since Jun 29, 2010	37.88%