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Tesla: From Roadster to World's Top Automaker
26 May
Summary
- Tesla became the world's most valuable automaker in July 2020.
- Model 3 is the all-time best-selling EV globally with over 500,000 units delivered.
- Tesla's stock has experienced significant volatility since its 2010 IPO.
Founded in July 2003, Tesla, Inc., formerly Tesla Motors, Inc., is a leading American company in electric vehicles and clean energy. It specializes in designing, manufacturing, and selling electric cars, alongside energy generation and storage systems.
The company's journey began with the 2008 launch of the Tesla Roadster. By early 2020, Tesla had produced one million electric cars, with its Model 3 leading global EV sales. Tesla's market value surged, making it the most valuable American automaker on January 10, 2020, and later the world's most valuable automaker by surpassing Toyota on July 1, 2020.
Tesla's stock, traded as TSLA on NASDAQ, has seen considerable fluctuations since its 2010 initial public offering. Following a period of growth, the shares experienced volatility. Despite market downturns, such as the one in March 2020 due to the COVID-19 pandemic, the stock demonstrated resilience, reaching an intraday high of $2,129 on August 24, 2020, after a 5-for-1 stock split announced on August 12, 2020.
