(NASDAQ: TSLA), once a darling of the stock market, saw its shares reach an impressive all-time high of $409.97 in November 2021. However, since then the stock has been quite turbulent and is currently trading nearly 56% below its all-time high.

The reason? Much of this drawdown can be attributed to weak electric vehicle (EV) demand amid a high-interest rate environment, a slowdown in China's EV market, and the company's declining margins due to multiple price cuts.

Despite this, there are still several factors that make Tesla an attractive long-term pick, especially since the headwinds are already priced in. Here's why shares of this electric car giant may soar in the coming years.

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Source Fool.com