- Tesla, Inc. Was founded on July 1, 2003, by Elon Musk, Martin Eberhard, JB Straubel, Marc Tarpenning, and Ian Wright.
- It is an electric automobiles vehicle and cleans energy company.
- Tesla designs and manufactures electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services.
- Its mission is to accelerate the world’s transition to sustainable energy.
- Tesla’s stock was listed on NASDAQ with the name TSLA.
- They applied for IPO on Tuesday, June 29, 2010.
- The stock price was $17.00 per share when they initially applied for IPO. Stock price open at $3.8.
- Their current stock price is around $939.53 per share (December 17, 2021).
- Tesla, Inc. was initially named Tesla Motor, Inc.
- Tesla was founded in 2003 and just went on to launch its first Initial Public Offering (IPO) on NASDAQ on June 29, 2010, and the price were $17.00 per share.
- TSLA remain low for years but started to remarkably increase in 2020 despite the COVID-19 Pandemic.
- From 2020, TSLA grow significantly to around $450 in August 2020, and in November 2021 it was around $1200.
- There are some reasons that lead to this improvement of TSLA:
- Profitability: despite the COVID-19 Pandemic, Tesla still made a profit from selling about 500,000 units of electric cars in 2020 and successfully made a net profit compared to the net losses in previous years.
- Strong Net Worth: Tesla raised more than $12 billion from issuing new shares.
- Joined S&P 500: Institutional investors have to buy TSLA if they buy ETF of S&P 500.