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 June 2025 as the baseline (latest available CPI).

The current value of Tesla stock is 310.78 (as of the close of Jul 15, 2025), 35.24% lower than the all-time high of 479.86 (Dec 17, 2024).

Since June 29, 2010, the inflation-adjusted total return for the stock has been 13,086%, which is equivalent to an annual growth rate of 38.33%.

In nominal values, the total return since this date has been 19,413%, or an annualized rate of 41.99%.

Inflation-Adjusted Values by Month

This data presents Tesla's end-of-month closing levels over time. Inflation-adjusted figures show what past levels would be worth using roughly today's purchasing power (based on the latest CPI data). The latest entry in the table will have equal nominal and adjusted values until the next CPI figures are released.

Date	Inflation-Adjusted	Nominal value
Jul 2025	310.78	310.78
Jun 2025	317.66	317.66
May 2025	347.64	346.46
Apr 2025	283.71	282.16
Mar 2025	261.4	259.16
Feb 2025	296.17	292.98
Jan 2025	410.83	404.6
Dec 2024	412.74	403.84
Nov 2024	352.89	345.16
Oct 2024	255.31	249.85
Sep 2024	267.65	261.63
Aug 2024	219.39	214.11
Jul 2024	237.99	232.07
Jun 2024	203.16	197.88
May 2024	182.9	178.08
Apr 2024	188.55	183.28
Mar 2024	181.55	175.79
Feb 2024	209.84	201.88
Jan 2024	195.88	187.29
Dec 2023	261.29	248.48
Nov 2023	252.21	240.08
Oct 2023	210.56	200.84
Sep 2023	262.23	250.22
Aug 2023	271.14	258.08
Jul 2023	282.19	267.43
Jun 2023	276.74	261.77
May 2023	216.29	203.93
Apr 2023	174.71	164.31
Mar 2023	221.7	207.46
Feb 2023	220.56	205.71
Jan 2023	186.76	173.22
Dec 2022	133.87	123.18
Nov 2022	210.95	194.7
Oct 2022	246.28	227.54
Sep 2022	288.26	265.25
Aug 2022	300.17	275.61
Jul 2022	323.51	297.15
Jun 2022	244.36	224.47
May 2022	278.92	252.75
Apr 2022	323.84	290.25
Mar 2022	403	359.2
Feb 2022	329.87	290.14
Jan 2022	358.23	312.24
Dec 2021	407.55	352.26
Nov 2021	442.83	381.59
Oct 2021	433.05	371.33
Sep 2021	303.96	258.49
Aug 2021	289.16	245.24
Jul 2021	270.65	229.07
Jun 2021	268.98	226.57
May 2021	249.72	208.41
Apr 2021	285.63	236.48
Mar 2021	271.13	222.64
Feb 2021	276.14	225.17
Jan 2021	326.17	264.51
Dec 2020	291.29	235.22
Nov 2020	234.52	189.2
Oct 2020	160.23	129.35
Sep 2020	177.22	143
Aug 2020	206.14	166.11
Jul 2020	118.75	95.38
Jun 2020	90.07	71.99
May 2020	70.03	55.67
Apr 2020	65.58	52.13
Mar 2020	43.66	34.93
Feb 2020	55.53	44.53
Jan 2020	54.23	43.37
Dec 2019	35.01	27.89
Nov 2019	27.58	22
Oct 2019	26.32	20.99
Sep 2019	20.17	16.06
Aug 2019	18.91	15.04
Jul 2019	20.25	16.11
Jun 2019	18.76	14.9
May 2019	15.55	12.34
Apr 2019	20.09	15.91
Mar 2019	23.67	18.66
Feb 2019	27.21	21.33
Jan 2019	26.23	20.47
Dec 2018	28.49	22.19
Nov 2018	29.9	23.37
Oct 2018	28.68	22.49
Sep 2018	22.55	17.65
Aug 2018	25.73	20.11
Jul 2018	25.44	19.88
Jun 2018	29.27	22.86
May 2018	24.34	18.98
Apr 2018	25.23	19.59
Mar 2018	22.93	17.74
Feb 2018	29.63	22.87
Jan 2018	30.74	23.62
Dec 2017	27.16	20.76
Nov 2017	26.92	20.59
Oct 2017	28.9	22.1
Sep 2017	29.72	22.74
Aug 2017	31.17	23.73
Jul 2017	28.42	21.56
Jun 2017	31.74	24.11
May 2017	29.96	22.73
Apr 2017	27.62	20.94
Mar 2017	24.55	18.55
Feb 2017	22.07	16.67
Jan 2017	22.31	16.8
Dec 2016	19.03	14.25
Nov 2016	16.88	12.63
Oct 2016	17.59	13.18
Sep 2016	18.17	13.6
Aug 2016	18.93	14.13
Jul 2016	20.98	15.65
Jun 2016	18.94	14.15
May 2016	19.98	14.88
Apr 2016	21.64	16.05
Mar 2016	20.75	15.32
Feb 2016	17.41	12.8
Jan 2016	17.35	12.75
Dec 2015	21.82	16
Nov 2015	20.86	15.35
Oct 2015	18.71	13.8
Sep 2015	22.45	16.56
Aug 2015	22.47	16.6
Jul 2015	23.98	17.74
Jun 2015	24.17	17.88
May 2015	22.68	16.72
Apr 2015	20.55	15.07
Mar 2015	17.19	12.58
Feb 2015	18.63	13.56
Jan 2015	18.73	13.57
Dec 2014	20.37	14.83
Nov 2014	22.27	16.3
Oct 2014	21.89	16.11
Sep 2014	21.92	16.18
Aug 2014	24.38	17.98
Jul 2014	20.15	14.89
Jun 2014	21.66	16
May 2014	18.78	13.85
Apr 2014	18.86	13.86
Mar 2014	18.97	13.9
Feb 2014	22.42	16.32
Jan 2014	16.68	12.09
Dec 2013	13.88	10.03
Nov 2013	11.74	8.49
Oct 2013	14.73	10.66
Sep 2013	17.76	12.89
Aug 2013	15.54	11.27
Jul 2013	12.36	8.95
Jun 2013	9.89	7.16
May 2013	9.02	6.52
Apr 2013	4.99	3.6
Mar 2013	3.5	2.53
Feb 2013	3.23	2.32
Jan 2013	3.5	2.5
Dec 2012	3.17	2.26
Nov 2012	3.16	2.25
Oct 2012	2.62	1.88
Sep 2012	2.72	1.95
Aug 2012	2.66	1.9
Jul 2012	2.57	1.83
Jun 2012	2.93	2.09
May 2012	2.76	1.97
Apr 2012	3.1	2.21
Mar 2012	3.49	2.48
Feb 2012	3.16	2.23
Jan 2012	2.76	1.94
Dec 2011	2.72	1.9
Nov 2011	3.11	2.18
Oct 2011	2.79	1.96
Sep 2011	2.31	1.63
Aug 2011	2.35	1.65
Jul 2011	2.68	1.88
Jun 2011	2.78	1.94
May 2011	2.87	2.01
Apr 2011	2.64	1.84
Mar 2011	2.67	1.85
Feb 2011	2.32	1.59
Jan 2011	2.35	1.61
Dec 2010	2.61	1.78
Nov 2010	3.47	2.36
Oct 2010	2.15	1.46
Sep 2010	2.01	1.36
Aug 2010	1.92	1.3
Jul 2010	1.97	1.33
Jun 2010	2.35	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 June 30, 2025, offering a clearer view of long-term, real investment performance.

Period	Avg. Annual Return (Inflation-Adjusted)	Avg. Annual Return (Nominal)
Last 1 year	56.36%	60.53%
Last 3 years	9.14%	12.27%
Last 5 years	28.67%	34.57%
Last 10 years	29.38%	33.34%

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 June 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 613.32% nominal gain, but the real return (the actual increase in buying power) was 472.05%.

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 2020 - Jun 2025	$713.32	613.32%	472.05%
Last 10 years Feb 2015 - Jun 2025	$2,343.32	2,243%	1,605%

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 Jul 15, 2025	310.78
Highest Dec 17, 2024	479.86
Highest, Inflation-Adjusted Dec 17, 2024	490.44
Annualized return Since Jun 29, 2010	41.99%
Annualized return, Inflation-Adjusted Since Jun 29, 2010	38.33%