Tesla (TSLA)
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About Tesla
Copy link to sectionWhat is Tesla?
Copy link to sectionTesla is a leading maker of electric cars and one of the most well-known companies in the world. The California-based automaker was founded in 2003 by Martin Eberhand and Marc Tarpenning. Elon Musk invested in the business the following year and was named its CEO in 2008, a position he still holds.
While Tesla is best known for producing electric vehicles, it also specialises in battery energy storage, which has seen the company attract interest from investors keen on technology stocks. It sells several energy storage devices for residential and commercial buildings. In 2021, the company dabbled in the cryptocurrency market and bought nearly $2 billion worth of Bitcoin, which it sold shortly after.
Although, it’s the EV industry where Tesla shines and in 2020, it reached a market cap of $86 billion, making it the most valuable automaker in the United States. It has a fleet of four models on sale and its Model 3 is the best-selling electric car of all time.
How does Tesla make money?
Copy link to sectionTesla makes most of its money from automotive sales but has multiple revenue streams. In 2021 the business delivered nearly a million electric vehicles. Alongside car sales, Tesla generates money through regulatory credits and energy storage. The company receives several carbon emission credits from many government schemes, which it sells to other automakers. It is also actively involved in energy storage and generation and has various products for both residential homes and businesses.
What is Tesla’s best-selling product?
Copy link to sectionThe Tesla Model 3 electric car is the company’s best-selling product. In 2021 the company’s total automotive sales generated over $44 billion in revenue, while the Model 3 became the best-selling plug-in electric car and the 16th best-selling car in the world.
Who are the key executives at Tesla?
Copy link to sectionElon Musk is Tesla’s CEO and has been the head of the company since 2008. Here are other senior executives in the Tesla leadership team.
- Elon Musk. Chief Executive Officer
- Zachary Kirkhorn. Chief Financial Officer
- Andrew Baglino. Senior Vice President
- Vaibhav Taneja. Chief Accounting Officer
- Lars Moravy. Vice President
- Roblyn Denholm. Chairman of the board
- Franz von Holzhausen. Senior Design Executive
- James Murdoch. Independent Director
- Kimbal Musk. Independent Director
- Hiro Mizuno. Independent Director
Where can I buy shares in Tesla?
Copy link to sectionYou can buy Tesla stock on a stock trading platform. These platforms are extremely simple to use, but there are different options to suit your specific needs. If you are a first-time investor, you might want to use a trading platform for beginners, while if you plan on doing a lot of trading from your phone, a stock trading app might be best.
Are there any other ways to invest in Tesla?
Copy link to sectionThe simplest way to invest in Tesla is to buy shares through a stock broker. However, you can also invest through an ETF or a fund. The best ETFs allow you to generally invest in the stock market rather than focus on one company.
Tesla is part of the S&P 500 index, so you can invest in an ETF that tracks that index. It also features in other types of ETFs that let you own a basket of related stocks from the same industry, including Energy ETFs.
More about the TSLA price
Copy link to sectionWhat is the Tesla stock price today?
Copy link to sectionThe TSLA stock price today is currently $249, as of October 2022. The price of Tesla is down 38% since the start of 2022. You can use the live Tesla stock chart to track the NASDAQ:TSLA price in real-time above or compare the Tesla value today to its past performance using the Tesla financials tab at the top of this page.
What is the 52-week low for Tesla stock?
Copy link to sectionThe 52-week low for Tesla stock is $206. TSLA stock is currently 20% above the 52-week low.
What is the 52-week high for Tesla stock?
Copy link to sectionThe 52-week high for Tesla stock is $414. TSLA stock is currently 39% below the 52-week high.
What is the stock forecast for Tesla?
Copy link to sectionThe average Tesla stock forecast has a price target of $329 by the end of 2022. Tesla’s latest financial results, the broader economic outlook, and the amount of competition in the electric vehicle industry all influence these forecasts.
It’s best to take analyst forecasts with a grain of salt but you can use their estimates to help you understand the weight of opinion about a stock. Read our latest Tesla price forecast for more analysis and guidance.
More stock guides
Copy link to sectionWho are Tesla’s biggest competitors?
Copy link to sectionTesla’s success in the EV industry has seen a rise in new companies entering the market. Here are some of Tesla’s biggest competitors.
- Nio. Nio is a Chinese EV maker that designs and develops high-performance cars.
- Ford. Ford is one of the world’s best known automotive companies and has invested heavily in EVs.
- Lucid Motors. Lucid Motors is an American company focused on developing electric vehicles.
FAQs
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Latest Tesla price analysis
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