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 May 2026 as the baseline (latest available CPI).

The current value of Tesla stock is 404.66 (as of the close of Jun 16, 2026), 17.4% 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 509.54 on December 17, 2024.

Since June 29, 2010, the inflation-adjusted total return for the stock has been 16,425%, which is equivalent to an annual growth rate of 37.7%.

In nominal values, the total return since this date has been 25,308%, or an annualized rate of 41.46%.

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
Jun 2026	404.66	404.66
May 2026	435.79	435.79
Apr 2026	384.04	381.63
Mar 2026	377.28	371.75
Feb 2026	412.78	402.51
Jan 2026	443.47	430.41
Dec 2025	465.08	449.72
Nov 2025	444.77	430.17
Oct 2025	456.56	456.56
Sep 2025	458.85	444.72
Aug 2025	345.36	333.87
Jul 2025	319.79	308.27
Jun 2025	330.03	317.66
May 2025	361.18	346.46
Apr 2025	294.76	282.16
Mar 2025	271.58	259.16
Feb 2025	307.71	292.98
Jan 2025	426.83	404.6
Dec 2024	428.81	403.84
Nov 2024	366.64	345.16
Oct 2024	265.25	249.85
Sep 2024	278.08	261.63
Aug 2024	227.94	214.11
Jul 2024	247.26	232.07
Jun 2024	211.07	197.88
May 2024	190.02	178.08
Apr 2024	195.89	183.28
Mar 2024	188.62	175.79
Feb 2024	218.01	201.88
Jan 2024	203.51	187.29
Dec 2023	271.47	248.48
Nov 2023	262.03	240.08
Oct 2023	218.76	200.84
Sep 2023	272.44	250.22
Aug 2023	281.7	258.08
Jul 2023	293.18	267.43
Jun 2023	287.52	261.77
May 2023	224.71	203.93
Apr 2023	181.51	164.31
Mar 2023	230.34	207.46
Feb 2023	229.15	205.71
Jan 2023	194.04	173.22
Dec 2022	139.09	123.18
Nov 2022	219.17	194.7
Oct 2022	255.88	227.54
Sep 2022	299.49	265.25
Aug 2022	311.86	275.61
Jul 2022	336.11	297.15
Jun 2022	253.88	224.47
May 2022	289.79	252.75
Apr 2022	336.45	290.25
Mar 2022	418.69	359.2
Feb 2022	342.71	290.14
Jan 2022	372.18	312.24
Dec 2021	423.42	352.26
Nov 2021	460.08	381.59
Oct 2021	449.92	371.33
Sep 2021	315.8	258.49
Aug 2021	300.42	245.24
Jul 2021	281.19	229.07
Jun 2021	279.46	226.57
May 2021	259.45	208.41
Apr 2021	296.76	236.48
Mar 2021	281.69	222.64
Feb 2021	286.9	225.17
Jan 2021	338.87	264.51
Dec 2020	302.64	235.22
Nov 2020	243.65	189.2
Oct 2020	166.47	129.35
Sep 2020	184.12	143
Aug 2020	214.17	166.11
Jul 2020	123.37	95.38
Jun 2020	93.58	71.99
May 2020	72.76	55.67
Apr 2020	68.13	52.13
Mar 2020	45.36	34.93
Feb 2020	57.69	44.53
Jan 2020	56.34	43.37
Dec 2019	36.37	27.89
Nov 2019	28.66	22
Oct 2019	27.34	20.99
Sep 2019	20.96	16.06
Aug 2019	19.65	15.04
Jul 2019	21.04	16.11
Jun 2019	19.49	14.9
May 2019	16.15	12.34
Apr 2019	20.87	15.91
Mar 2019	24.6	18.66
Feb 2019	28.27	21.33
Jan 2019	27.25	20.47
Dec 2018	29.6	22.19
Nov 2018	31.07	23.37
Oct 2018	29.8	22.49
Sep 2018	23.43	17.65
Aug 2018	26.73	20.11
Jul 2018	26.43	19.88
Jun 2018	30.41	22.86
May 2018	25.28	18.98
Apr 2018	26.21	19.59
Mar 2018	23.83	17.74
Feb 2018	30.78	22.87
Jan 2018	31.94	23.62
Dec 2017	28.22	20.76
Nov 2017	27.97	20.59
Oct 2017	30.03	22.1
Sep 2017	30.88	22.74
Aug 2017	32.39	23.73
Jul 2017	29.52	21.56
Jun 2017	32.98	24.11
May 2017	31.13	22.73
Apr 2017	28.7	20.94
Mar 2017	25.5	18.55
Feb 2017	22.93	16.67
Jan 2017	23.18	16.8
Dec 2016	19.77	14.25
Nov 2016	17.53	12.63
Oct 2016	18.27	13.18
Sep 2016	18.88	13.6
Aug 2016	19.67	14.13
Jul 2016	21.8	15.65
Jun 2016	19.68	14.15
May 2016	20.76	14.88
Apr 2016	22.48	16.05
Mar 2016	21.56	15.32
Feb 2016	18.08	12.8
Jan 2016	18.03	12.75
Dec 2015	22.67	16
Nov 2015	21.68	15.35
Oct 2015	19.44	13.8
Sep 2015	23.32	16.56
Aug 2015	23.35	16.6
Jul 2015	24.92	17.74
Jun 2015	25.11	17.88
May 2015	23.56	16.72
Apr 2015	21.35	15.07
Mar 2015	17.86	12.58
Feb 2015	19.35	13.56
Jan 2015	19.46	13.57
Dec 2014	21.16	14.83
Nov 2014	23.13	16.3
Oct 2014	22.74	16.11
Sep 2014	22.78	16.18
Aug 2014	25.33	17.98
Jul 2014	20.94	14.89
Jun 2014	22.5	16
May 2014	19.51	13.85
Apr 2014	19.59	13.86
Mar 2014	19.71	13.9
Feb 2014	23.3	16.32
Jan 2014	17.33	12.09
Dec 2013	14.42	10.03
Nov 2013	12.2	8.49
Oct 2013	15.3	10.66
Sep 2013	18.45	12.89
Aug 2013	16.14	11.27
Jul 2013	12.84	8.95
Jun 2013	10.27	7.16
May 2013	9.38	6.52
Apr 2013	5.19	3.6
Mar 2013	3.64	2.53
Feb 2013	3.35	2.32
Jan 2013	3.64	2.5
Dec 2012	3.3	2.26
Nov 2012	3.28	2.25
Oct 2012	2.72	1.88
Sep 2012	2.83	1.95
Aug 2012	2.77	1.9
Jul 2012	2.67	1.83
Jun 2012	3.05	2.09
May 2012	2.87	1.97
Apr 2012	3.22	2.21
Mar 2012	3.63	2.48
Feb 2012	3.28	2.23
Jan 2012	2.87	1.94
Dec 2011	2.83	1.9
Nov 2011	3.23	2.18
Oct 2011	2.9	1.96
Sep 2011	2.4	1.63
Aug 2011	2.44	1.65
Jul 2011	2.79	1.88
Jun 2011	2.88	1.94
May 2011	2.98	2.01
Apr 2011	2.74	1.84
Mar 2011	2.77	1.85
Feb 2011	2.41	1.59
Jan 2011	2.44	1.61
Dec 2010	2.71	1.78
Nov 2010	3.61	2.36
Oct 2010	2.23	1.46
Sep 2010	2.09	1.36
Aug 2010	1.99	1.3
Jul 2010	2.04	1.33
Jun 2010	2.44	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 May 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	20.66%	25.78%
Last 3 years	24.7%	28.8%
Last 5 years	10.93%	15.9%
Last 10 years	35.58%	40.17%

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 Jun 16, 2026	404.66
Highest Dec 16, 2025	489.88
Highest, Inflation-Adjusted Dec 17, 2024	509.54
Annualized return Since Jun 29, 2010	41.46%
Annualized return, Inflation-Adjusted Since Jun 29, 2010	37.7%