Tesla (TSLA) investors have experienced a rollercoaster ride so far this year. From CEO Elon Musk’s controversial political moves to mounting questions about long-term prospects, shareholders have faced no shortage of volatility.

Despite these issues, Tesla investors appear to be convinced that the company will experience a surge in sales trends at some point. This is evident by the wild premium the stock commands. Shares trade at a price-to-earnings ratio of 169 as of this writing. A valuation like this bakes in huge sales and earnings growth for years to come.

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