Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture and sale of electric vehicles. The Energy Generation and Storage segment includes the design, manufacture, installation, sale, and lease of stationary energy storage products and solar energy systems, and sale of electricity generated by its solar energy systems to customers. It develops energy storage products for use in homes, commercial facilities and utility sites. The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Palo Alto, CA.
Tesla took the number one spot in the S&P 500’s best performers on Tuesday. The EV maker said its Shanghai base did great in August.
The EV maker is desperately trying to catch up in the competitive Chinese market as it slashed prices for the second time in less than a week.
Shares of the EV maker have soared this year, adding more than 160% to Tesla’s valuation.
The EV kingpin extended its powerful rally after it reported 466,000 cars delivered, a record quarterly figure.
Investors also praised what looks like winning the charging wars – Volvo joins Ford and GM in accessing Tesla’s supercharger network.
Tesla’s monster rally hit a roadblock yesterday after Barclays warned the EV maker is riding mostly on AI hype.
Competitors such as Ford are expected to threaten Tesla’s market dominance with cheaper EV offerings.
The electric carmaker’s market cap is nearing $750bn as investors amp up excitement. Watts the buzz about?
Tesla CEO Elon Musk told shareholders “advertising is awesome” as the carmaker struggles with rising competition.
A breaking issue is behind the latest stock slide. But at least it could be fixed with an over-the-air update.
Its revenue, however, managed to beat analysts expectations at $23.33bn against estimates of $23.21bn.
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