TESLA

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Ranked as the world's best-selling plug-in and battery electric passenger car manufacturer in 2019, with a market share of 17% of the plug-in segment and 23% of the battery-electric segment, Tesla, Inc. (formerly Tesla Motors, Inc.) is an American electric vehicle and clean energy company based in Palo Alto, California. Its current products include electric cars, battery energy storage, solar panels, and solar roof tiles, as well as other related products and services.

With a global vehicle sale of 499,550 units in 2020, a 35.8% increase over the previous year, the company surpassed the 1 million mark of electric cars produced. The Model 3 ranks as the world's all-time best-selling plug-in electric car, with more than 500,000 delivered.[14] Through its subsidiary SolarCity, Tesla develops and is a major installer of solar photovoltaic systems in the United States.

Also, Tesla is one of the largest global suppliers of battery energy storage systems, from home-scale to grid-scale, installed some of the largest battery storage plants in the world, and supplied 1.65 GWh of battery storage in 2019.

TESLA FINANCIAL INFORMATION

There aren't many more controversial stocks than Tesla (NASDAQ: TSLA), which has upended the automobile world since its IPO in 2010.

None of these recent successes was assured when the company went public back in June 2010. All investors had to go on was a belief in Elon Musk and his team and their vision to create the first new public auto company in the US since 1956. Adding even more risk, it was an all-electric vehicle, a concept that many large incumbents had failed to produce profitably.

In fact, with little more than a vision, leading technology, and a serial entrepreneur with a great track record at the helm, Tesla's stock went public at just $17 back on June 29, 2010. On the first day of trading, its stock shot up over 40% to $23.89. Yet even if you were a public investor who didn't get in on the pre-trading IPO price, you still would have made a small fortune.

After initially producing a “concept car” Roadster, Tesla moved on to the Model S, a high-end sedan, and the Model X, a luxury SUV. But these accomplishments pale in comparison to the introduction of the Model 3, Tesla's first mass -market car that starts at just over $35,000, which was introduced in 2017.

The Model 3 has the potential to be a game-changer in the automobile industry, as a low-enough-cost vehicle could spur mass of EVs, leading to a virtuous circle where Tesla achieves large economies of scale and increasing margins and profits.

TESLA

That stock performance puts Tesla in rarified air, alongside Netflix, which was the top-performing stock on the S&P 500 during the 2010s. (Netflix rose 4,181% between Jan. 2010 and Dec. 2019. But Netflix shares more than doubled in price between Jan. 2010 and June 2010, when Tesla went public. That means Netflix has “only” gained 2,657% in value since Tesla's debut.) It also means Tesla stock has outperformed other big tech names like Amazon and Apple, as well as all the major automakers.

The stock has had plenty of ups and downs along the way, including a 30% drop in the month after Aug. 7, 2018, when CEO Elon Musk tweeted that he had “funding secured” to take the company private. The SEC accused Musk of misleading the public, as he allegedly knew the funding was contingent, and both Musk individually and Tesla as a company paid $20 million fines to settle the suit.

But shares have been on a rally since early 2020, as Tesla got its factory in Shanghai up and running and began manufacturing the Model Y at its original US car plant in Fremont, California. Investors also bought into the company's promises to deliver an electric semi -truck called the Semi, an electric pickup truck known as the Cybertruck, and improvements in self-driving technology. Despite the Covid-19 epidemic, which shut down production in its California factory for several weeks, shares are up more than 140% this year . 

TESLA

Since going public, Tesla has never achieved a full year of profitability. The company has reported seven quarters with net income greater than zero since its IPO — the first was Q1 of 2013. It has now reported three consecutive quarters of GAAP profit, with some accounting adjustments along the way, and is scheduled to report Q2 earnings next month.

Tesla is now gunning for inclusion in the S&P 500, which requires a minimum of four consecutive quarters of profitability, among other things. 

ELON MUSK THE FOUNDER OF TESLA

TESLA

Elon Musk just became the richest person in the world, with a net worth of more than $185 billion, according to CNBC calculations.

Thursday's increase in Tesla's share price pushed Musk past Jeff Bezos, who had been the richest person since 2017 and is currently worth about $184 billion. Musk's wealth surge over the past year marks the fastest rise to the top of the rich list in history — and is a dramatic financial turnaround for the outspoken entrepreneur who just 18 months ago was in the headlines for Tesla's rapid cash burn and his personal leverage against the company's stock.

Musk started 2020 worth about $27 billion and was barely in the top 50 richest people.

Tesla's rocketing share price — which has increased more than ninefold over the past year — and his generous pay package have added more than $150 billion to his net worth.

Amazon's share price has remained more subdued due to the potential for increased regulation from Washington.

Musk passed Warren Buffett in July to become the seventh-richest person. In November, Musk raced past Bill Gates to become the second-richest person. Musk has gained more wealth over the past 12 months than Gates' entire net worth of $132 billion.

Tesla's shares closed Thursday at $816.04, up nearly 8%. The company's market value has grown to more than $760 billion.

Musk was also No. 1 on Bloomberg Billionaires Index. The list had him within $3 billion of Bezos' net worth on Wednesday. The Forbes Real-Time Billionaires List had Musk about $7 billion behind Bezos after the market close Thursday. Forbes pegged Bezos' net worth at $184.6 billion and Musk at $177.2 billion. Forbes, however, may not be including the value of Musk's options, which he received as part of his pay package, to buy more than 33 million shares of Tesla.

https://www.cnbc.com/2020/06/29/tesla-stock-up-4125percent-since-ipo-ten-years-ago.htm

https://en.wikipedia.org/wiki/Tesla,_Inc.

https://www.fool.com/quote/nasdaq/tesla/tsla/

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