Tesla (NASDAQ: TSLA) stock peaked back in 2021, but the electric vehicle (EV) disrupter is still one of the best-performing stocks on the market over the last five years.

Shares surged in 2020 as Tesla proved it could be viable, turning a profit and making it clear that EVs were the way of the future. As a result, the rest of the auto industry has been playing catch-up since.

Tesla now has a market capitalization of roughly $750 billion, trouncing every other automaker, but there's trouble in EV paradise. Tesla's revenue growth slowed to just 9% in its recent quarter with automotive revenue up just 5%. Production growth has moderated, and price cuts led to declining profits year over year in the third quarter. The EV maker's once-vaunted operating margins went from 17.2% in the quarter a year ago to just 7.6%, and operating income fell by more than half to $1.76 billion.

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Source Fool.com