Self-described “long-term optimist” Elon Musk made another bold prediction about his car company. That isn’t necessarily good news for Tesla’s stock price. On Saturday, Musk tweeted that Tesla’s earnings could grow tenfold over the coming five years if its business execution is “outstanding.

Elon Musk Thinks Tesla Will Become the World's Most Valuable Company. I Predict Its Stock Will Decline by 50% (or More) Instead.

Musk’s Tesla will pay a lease rent close to Rs 900 a sq ft, or around Rs 35 lakh per month. The lease agreement is for five years. In the last 5 years, shares of world’s richest man Elon Musk’s EV company Tesla have delivered multibagger 558% returns.

After a slight rebound earlier this week, Tesla's TSLA stock is back to falling, keeping with its recent performance. Even U.S. President Donald Trump's purchase of one hasn’t done much to spark real momentum for the electric vehicle (EV) leader.

CEO Elon Musk believes he has a way to stop this downward spiral.