Tesla, Inc. (TSLA) is an American multinational corporation that specializes in electric vehicles, energy storage, and solar panel manufacturing based in Palo Alto, California. The company was founded in July 2003, by entrepreneurs Martin Eberhard and Marc Tarpenning, although the company's CEO Elon Musk has played a key role in its development and success.
Tesla's first product was the Tesla Roadster, a sports car that was launched in 2008. The Roadster was followed by the Model S, a luxury electric sedan, in 2012, the Model X, a crossover SUV, in 2015, and the Model 3, a mass-market electric sedan, in 2017. Tesla has also developed the Tesla Semi, a semi-trailer truck, and the Tesla Cybertruck, an electric pickup truck. In addition to its electric vehicle business, Tesla also manufactures solar panels and solar roof tiles, and energy storage systems for residential and commercial use.
In the latest quarter (Q3 2021), Tesla reported revenues of $10.4 billion, a significant increase from the $6.3 billion it reported in the same quarter the previous year. The company's net income for the quarter was $331 million, compared to a net loss of $619 million in the same quarter the previous year. Tesla's strong financial performance was driven by record deliveries of its electric vehicles, particularly the Model 3 and Model Y, as well as continued growth in its energy generation and storage business.
As of September 2021, Tesla's market capitalization was over $650 billion, making it one of the most valuable companies in the world. The company has faced criticism for its production and supply chain practices, as well as for Musk's controversial statements and actions. However, Tesla's innovative and environmentally-conscious products have also earned it a strong following among consumers and investors.
Background
Tesla Inc, located at 3500 deer creek rd, palo alto, ca, us specializes in the motor vehicles & passenger car bodies industry. It is currently listed on the exchange NASDAQ in the country USA.
The company's last annual earnings report on 2022-09-30 showed that it had reached a market capitalization of 602,972,357,000 dollars.
If someone had invested $100 in Tesla Inc 10 years ago, their investment would be worth roughly $1496.0 today, according to If You Had Invested
If you had invested...
A companies stock price is a reflection of the company's performance, market value, profitability and growth rate and for TSLA, its stock has been phenomenal. If you had invested $1,000 in Tesla Inc 1 year ago and held onto your investment until today , here's what would have happened:
Your investment would now be worth roughly $1120.83 today.
Financials
If you are looking for a company with a high dividend yield then avoid Tesla Inc because it does not pay a dividend.
In terms of growth Tesla Inc has been on the up and up with a Quarterly earnings growth rate of 0.977. At the same time revenue growth has been to the moon with a rate of 0.559.
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As Tesla Inc continues on its journey to become a 90,445,853,550,0.0 dollar company, there is no doubt that the stock will continue to rise. You should watch out for any major announcements about their products or recent earnings. If you wish to invest in the stock market but are not sure where to start, start by signing up on Robinhood
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