The bulk of Tesla's past stock performance has come from the growth of its EV division. Pioneering the industry, Tesla dominated new EV sales for a few years with its Model 3 and Y concepts, leading revenue to come close to $100 billion and operating income to soar past $10 billion. Now, these figures are all moving in the wrong direction.

Tesla has probably minted some millionaires thanks to the stock's incredible ride higher in the past. But I'm not ready to say that the company will set new shareholders up for life. It's extremely rare to find a single company that can achieve this for your portfolio.

Due to Tesla's innovation and diversification, 24/7 Wall St. sees strong upside potential for the stock by the end of the decade.