Tesla Inc is an American electric-automobile manufacturing company that is listed on the Nasdaq stock exchange since June 2010. It has a market capitalization of $416.2 billion.Tesla's initial public offering (IP...Tesla Inc is an American electric-automobile manufacturing company that is listed on the Nasdaq stock exchange since June 2010. It has a market capitalization of $416.2 billion.Tesla's initial public offering (IPO) was on June 29, 2010 and was priced at $17 per share. The company has never paid a dividend but its share price has gone up multifold since then.Headquartered in Palo Alto, California, Tesla was incorporated on July 1, 2003 as an electric vehicle maker and today it also sells clean energy generation and storage products. Tesla has factories in Fremont (California) and Shanghai where the all-electric cars, SUVs and trucks are manufactured. For the quarter ended 30 June 2020, Tesla earned a total revenue of $6 billion and a net income of $104 million. While revenue was down 4.9 per cent YoY, Tesla had reported a net loss of $408 million in the year-ago period. Geographically, the home market of the United States generated 51 per cent, or $3.09 billion, of Tesla's revenue during the quarter. China is Tesla's second largest market with a revenue share of 23 per cent or $1.4 billion. Other countries across the globe accounted for the remaining 26 per cent.Segment wise, Tesla's automotive unit which comprises the design, development, manufacturing, sales, as well as the leasing of electric vehicles and automotive regulatory credits, accounted for 94 per cent of total revenue and 98 per cent of the total gross profit.The energy generation and storage segment which includes the design, manufacture, installation, sales, and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives contributed the remaining $370 million to the revenue. The energy storage products for use in homes, commercial facilities and utility sites.Among EV manufacturers, Tesla is the largest one globally with a market share of 16 per cent in 2019. In the US alone, Tesla dominated over 80 per cent of the EV market.While the Model 3 sedan is Tesla's most popular vehicle, the company also sells the Model S sedan and the Model X sport utility vehicle (SUV).With a stake of about 21 per cent, Tesla CEO and co-founder Elon Musk is also the company's single largest shareholder. Institutional investors own more than half of Tesla. Owning 6.6 per cent and 6.5 per cent of the outstanding shares, respectively, Susquehanna Securities and Baillie Gifford & Co. are the second and third largest shareholders of Tesla.Other major investors include Capital World Investors, Citadel Securities LLC and The Vangaurd Group. *Disclaimer Statement: This content is authored by an external agency. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.
Tesla stock price
Tesla Inc is an American electric-automobile manufacturing company that is listed on the Nasdaq stock exchange since June 2010. It has a market capitalization of $416.2 billion.Tesla's initial public offering (IPO) was on June 29, 2010 and was priced at $17 per share. The company has never paid a dividend but its share price has gone up multifold since then.Headquartered in Palo Alto, California, Tesla was incorporated on July 1, 2003 as an electric vehicle maker and today it also sells clean energy generation and storage products. Tesla has factories in Fremont (California) and Shanghai where the all-electric cars, SUVs and trucks are manufactured. For the quarter ended 30 June 2020, Tesla earned a total revenue of $6 billion and a net income of $104 million. While revenue was down 4.9 per cent YoY, Tesla had reported a net loss of $408 million in the year-ago period. Geographically, the home market of the United States generated 51 per cent, or $3.09 billion, of Tesla's revenue during the quarter. China is Tesla's second largest market with a revenue share of 23 per cent or $1.4 billion. Other countries across the globe accounted for the remaining 26 per cent.Segment wise, Tesla's automotive unit which comprises the design, development, manufacturing, sales, as well as the leasing of electric vehicles and automotive regulatory credits, accounted for 94 per cent of total revenue and 98 per cent of the total gross profit.The energy generation and storage segment which includes the design, manufacture, installation, sales, and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives contributed the remaining $370 million to the revenue. The energy storage products for use in homes, commercial facilities and utility sites.Among EV manufacturers, Tesla is the largest one globally with a market share of 16 per cent in 2019. In the US alone, Tesla dominated over 80 per cent of the EV market.While the Model 3 sedan is Tesla's most popular vehicle, the company also sells the Model S sedan and the Model X sport utility vehicle (SUV).With a stake of about 21 per cent, Tesla CEO and co-founder Elon Musk is also the company's single largest shareholder. Institutional investors own more than half of Tesla. Owning 6.6 per cent and 6.5 per cent of the outstanding shares, respectively, Susquehanna Securities and Baillie Gifford & Co. are the second and third largest shareholders of Tesla.Other major investors include Capital World Investors, Citadel Securities LLC and The Vangaurd Group.
After stock collapse, is Tesla still magnificent?
Compare that to Nvidia Corp's 46% surge or Meta Platforms's 32% gain since the beginning of the year and it's easy to see where the questions are coming from. It's by far worst performer in Magnificent Seven Index this year.
Tesla got an $80 billion boost from analyst call. Not everyone buys it
Meanwhile, Tesla is still working on developing a software that will make its cars truly self-driving, though experts and analysts see a broad adoption of fully autonomous cars as still years, if not decades, away. Jonas had lowered his estimate for Tesla Mobility, the carmaker’s ride sharing/robo-taxi business, by about 82% by mid-2019.
Elon Musk’s wealth slumps $20 billion as Tesla shares tumble
The drop in net worth to $234.4 billion is the seventh-largest decline ever among those in the Bloomberg Billionaires Index, and further narrows the wealth gap between Musk and Bernard Arnault, the world’s two richest people. Musk’s fortune still exceeds that of Arnault, chairman of luxury goods maker LVMH, by about $33 billion.
Tesla Q1 profit falls on vehicle price cuts; stock tumbles 6%
Musk is also the founder of SpaceX, which has scheduled for Thursday the first test flight of Starship, which is "designed to send astronauts to the Moon, Mars and beyond," according to the venture's website.
Elon Musk did not need Tesla board to review buyout tweets, directors testify
Musk tweeted that he had "funding secured" to take the carmaker private at a $420 per share price, a premium of about 23% to the prior day's close.
Tesla’s best week since 2013 spurs bets that worst is over
A big hurdle for the stock will come next week when the Federal Reserve is expected to raise rates and will give a sense of the path forward for future hikes. A hawkish tone could derail Tesla’s strong start to the year.
Ark's Wood remains bullish on Tesla, says oil stock rally 'defying logic'
Tesla, meanwhile, will continue to take market share as global oil demand falls by 30% or more over the next five years, Wood estimated. The company's recent moves to lower its prices will likely continue "aggressively" and put pressure on other automakers to match them, hurting its competitors "significantly," she said.
Tesla’s worst-ever year brings $17 billion windfall for shorts
Tesla has tumbled more than 42% in December alone, driving it to a loss of 68% this year — marking a radical about face for a stock that surged during the low-rate era of the pandemic.It’s a rare victory for the shorts, whose 89% return comes after several years of significant losses, S3’s Ihor Dusaniwsky said. About 2.9% of Tesla’s free float is held short, according to S3 data.
Tesla fans keep buying, unbowed by stock's $720-billion wipeout
On Wednesday, they appeared poised to get a small reward for their loyalty: Tesla jumped as much as 6.6% soon after the market's open. But the shares gave back almost all those gains by late morning, threatening to extend a seven-day losing streak that has driven them down 70% this year and erased almost $720 billion from the company's stock-market capitalisation.
Tesla’s 2022 collapse hits 69% after deepest selloff since April
The hope that Tesla will be the leading EV company in a future dominated by electric cars drove a spectacular eight-fold rally in the shares in 2020, earning its place in the S&P 500 and at one point making it the fifth-most valuable stock in the gauge.
Tesla stock tanks to its lowest. Here's how Elon Musk reacted
Electric car company Tesla's shares tumbled further to around $137 apiece, its lowest ever, as Elon Musk on Wednesday again blamed global macroeconomic conditions.
Elon Musk encashes $3.6 billion in Tesla stock
The sale is the second big chunk of stock he has cashed out since his $44 billion purchase of Twitter in October. It isn't clear if the sales are related to the Twitter acquisition, but they are annoying investors who are upset by a perception he is diverting his focus and resources to Twitter ahead of Tesla.
Tesla stock rout puts market cap below $500 billion
Tesla first crossed above the $500 billion threshold in November 2020, after its share price jumped more than sixfold ahead of its inclusion in the S&P 500. A seemingly insatiable investor appetite for anything related to EVs, and more broadly technology, helped fuel part of that rally in a cash-rich market.
Tesla stock hits 2-year low after Musk sells $4 bln worth of shares
Musk, said Ives, needs to end "Twitter overhang on the Tesla story with his focus back on the golden child Tesla which needs his time more than ever given the soft macro, production/delivery issues in China, and EV competition increasing from all corners of the globe."
Tesla options hint at trouble ahead with bets around $200
Tesla shares have been on a dizzying roller-coaster ride this year, as jumpy investors reacted to a wide array of both positive and negative news -- ranging from supply problems, demand concerns, production disruptions in China, a cash-strapped consumer and the looming global recession, to the promise of a big boost to the EV industry from the Biden adminstration’s climate act.
Tesla’s rally creates $1 billion headache for its army of shorts
Tesla is the most shorted stock in the world, with almost 3% of its float held in short-selling positions. S3 Partners estimates that these investors are taking in more than $1 billion in mark-to-market losses just on Thursday’s surge. That drives their losses this month to $2.67 billion, according to S3.
Tesla profit tops target; Musk sees no demand problem
Chief Financial Officer Zachary Kirkhorn said Tesla was still pushing to reach 50% growth in deliveries this year, adding that while the target had become more difficult, "it remains possible with strong execution."
Tesla stock down 31% since Elon Musk said he’s buying Twitter
Microsoft's market capitalisation is now below $2 trillion as of Monday, for the first time since June 2021, as the stock is down 21% this year. Amazon's stock has fallen by more than 40% since its high in 2021.
Tesla continues to woo Indian investors despite $230 billion hit to m-cap
Shares of Tesla have dropped about 24 per cent from the month's peak as experts believe that Musk would need to liquidate his holding to make his contribution for the $44 billion buyout deal.
Tesla loses $126 billion in value amid Musk Twitter deal funding concern
To be sure, Tesla's share plunge came against a challenging backdrop for many technology-related stocks. The Nasdaq closed at its lowest level since December 2020 on Tuesday, as investors worried about slowing global growth and more aggressive rate hikes from the U.S. Federal Reserve.
Tesla, Amazon stock splits trigger retail stampede
Tesla was by far the most-purchased stock among Fidelity customers on Monday. Amazon's announcement attracted "significant" retail interest and was likely the biggest factor in the stock's outperformance during a week when the Nasdaq 100 fell almost 4%, according to Vanda Research.
Tesla adds to wave of megacap stock splits
Tesla was the most traded stock among Fidelity's online brokerage customers on Monday, with buy and sell orders almost evenly split, suggesting retail investors are cautious about the company.
According to preliminary data, the S&P 500 gained 32.37 points, or 0.71%, to end at 4,575.43 points, while the Nasdaq Composite gained 184.43 points, or 1.30%, to 14,353.73. The Dow Jones Industrial Average rose 92.80 points, or 0.26%, to 34,954.04.
Tesla seeks 2nd stock split in less than 2 years
The company said in a regulatory filing, and also in a tweet, that it plans to make a request at an upcoming annual shareholders meeting to increase its number of authorized shares so that it can split the stock in the form of a dividend.
Tesla shares jump 8% as tech and growth stocks lead rally on Wall Street
Apple Inc, Microsoft Corp, Amazon.com Inc , Alphabet Inc and Tesla Inc gave the biggest boosts to the S&P 500 and the Nasdaq. The S&P 500 technology index rose 1.4% on the day, but remained down 10% for the quarter so far, among the sharpest declines of the major sectors.
Tesla shares sink after supply chain warning, hitting other EV makers
Chief Executive Elon Musk told a quarterly conference call that Tesla would not launch new models like Cybertruck this year because it would dent volume growth in the face of supply chain headwinds that would be alleviated only next year.
Elon Musk sells nearly $7 billion worth of Tesla shares this week
The billionaire sold 1.2 million shares held by his trust for more than $1.2 billion on Friday, the latest in a flurry of his stock transactions, according to a US securities filing released later in the day.
Tesla shares rise in Frankfurt after Musk's $5 billion stock sale
Telsa's Frankfurt-listed shares rose 4.1% to 953 euros ($1,102.05) in early trade to recoup some of the heavy losses suffered earlier in the week, during the period when Musk had sold.
Tesla shares fall after Musk's Twitter poll backs stake sale
Musk, the world's richest person, tweeted on Saturday that he would offload 10% of his stock if users of the social media network approved the proposal.
Tesla may hit $3,000 mark by 2025: Cathie Wood's Ark
From last year, when Ark published its previous note on Jan. 31, 2020, Tesla's stock rose as much as 400% to $654.87 as of Friday's close.
Ex-Tesla president sold stocks worth $247 million since June 10-SEC filing
The departure of Guillen, one of Tesla's top four leaders, including CEO Elon Musk, has sparked market concerns about Tesla's future vehicle programs like the Semi electric trucks and new batteries called 4680 cells.
Musk leapfrogs Zuckerberg to become world’s third-richest person
Musk, 49, is poised to become the world’s third-richest person, leapfrogging Mark Zuckerberg, after his net worth swelled by more than $15 billion in extended trading.
Auto investors risk losing out if they don't own Tesla shares: Morgan Stanley
Tesla shares closed down 3% at $670.97 Wednesday, their biggest drop since March 26.
Tesla rebounds, on track for best day in a year
New Street Research analyst Pierre Ferragu raised his Tesla rating to "buy" from "neutral," and upped his target price to $900 from $578.
Short-sellers made billions from US tech selloff
GameStop's e-commerce strategy plans were seen driving this week's renewed gains in January's "meme" stocks, alongside speculation that small investors will use their upcoming stimulus checks to trade.
Why did Elon Musk warn Bill Gates? Will he be able to annihilate Microsoft's founder? Know controversy in detail
Elon Musk hopes that he will be able to transform Tesla into an AI giant with a net worth of $30 trillion and he wants to change from selling EVs to operating a lucrative fleet of robotaxis and humanoid robots.
Elon Musk says robotaxis are Tesla's future, experts have doubts
Musk's vision of autonomous vehicles, or AVs, is not limited to cars that drive themselves. He has also claimed that individuals who buy Teslas would be able to make money when they are asleep or at work by letting the company use their cars as robotaxis. Experts who have studied autonomous driving systems have said that Musk has chosen a more difficult approach to self-driving cars than other companies.
Elon Musk wins back his huge Tesla payday in shareholder vote
Tesla shareholders voted to reinstate CEO Elon Musk's $44.9 billion pay package, previously rejected by a Delaware judge. The package remains tied up in court as Tesla appeals the decision.
US Judge approves payouts from Elon Musk's SEC settlement
Payouts will come from a "fair fund" created under a settlement between Musk and the US Securities and Exchange Commission, arising from Musk's August 2018 post on Twitter that he had "funding secured" for a Tesla buyout.
Elon Musk loses cool over a question in earning call, reportedly acts like a 'little baby'
Elon Musk, the CEO of Tesla and SpaceX, surprised many with an unexpected emotional outburst during a recent Tesla earnings call. Musk's raw display of emotion has sparked a debate about his leadership style and emotional stability. While some criticize his behavior, others empathize with the pressure he faces as the leader of a groundbreaking electric vehicle company. The incident has ignited a lively online debate about leadership, emotional intelligence, and the impact on Tesla's future.
SEC says it's not violating Elon Musk's right to free speech
The SEC argued that doing its job in the interest of shareholders and markets outweigh Musk's interest in being able to tweet about Tesla without Tesla's approval.
Elon Musk's tweeting style seizes spotlight in Tesla trial
The spotlight on Musk's tweeting habits came a day after the 51-year-old billionaire completed three days of defiant testimony during which he told the nine-member jury why he believed he could have pulled off a Tesla buyout that could have cost anywhere from $30 billion to more than $70 billion at the time.
How CXOs Can Become More Effective Communicators
Effective communication is a crucial leadership quality for CXOs. This article provides 10 tips for CXOs to enhance their communication skills in the corporate environment. It emphasizes the importance of clear and confident communication to engage audiences and motivate action.
Tesla's 2Q sales drop amid supply chain, pandemic problems
The company on Saturday disclosed it sold more than 254,000 cars and SUVs from April through June, an 18% drop from the first three months of this year and also well below the pace in last year's final quarter.
Elon Musk accused of breaking law while buying Twitter stock
Musk, best known as CEO of the electric car maker Tesla, held 73.1 million Twitter shares as of the most recent count Monday. That represents a 9.1 per cent stake in Twitter.
Elon Musk, Tesla attack SEC for 'unrelenting' harassment
The letter escalates Musk's battle with regulators as they scrutinize his social media posts and Tesla's treatment of workers, including accusations of discrimination.
Tesla's Elon Musk seeks to end SEC muzzle on tweets, could face uphill battle
Elon Musk also asked the judge to block a US Securities and Exchange Commission (SEC) subpoena requesting records of pre-approval of a Twitter poll he conducted in November on potentially selling some of his stock.
There is a typical pre-Budget rally in PFC and REC; be particular about getting a proper exit: Hemang Jani
“We are in the earnings season and it looks like it is going to be a good earnings quarter, at least for some of the major names and that should give us a lot of comfort. At the end of the day, we cannot wish away global volatility and challenges which are part and parcel of the game. But managing to go through such a turbulent phase without much damage is very comforting.”
Tesla investor sues Elon Musk, claims tweets violate SEC settlement
According to a complaint unsealed late Thursday in Delaware Chancery Court, Musk's "erratic" tweets, including a post last May 1 that Tesla's stock price was "too high," and the failure of Tesla's board to monitor his compliance with the SEC settlement have exposed shareholders to billions of dollars of losses.
How tweets by Tesla's Elon Musk have moved markets
In September 2018, the U.S. Securities and Exchange Commission filed a lawsuit against Musk for fraud and sought to remove him from Tesla.
Elon Musk's Twitter role puts Tesla board under new scrutiny
Tesla's stock has plummeted nearly 60% from its peak a year ago; since Musk bought Twitter last month, the S&P 500 stock index has risen 5%, but Tesla shares are down 25%. Musk has sold roughly $30 billion of Tesla stock this year and last, in part to help finance his Twitter acquisition.
What should NRIs know about ESOPs?
The employee stock ownership plan (ESOP) is critical for the growth of the company-employee relationship. Since a company's success is a collective effort of the whole workforce, ESOP plays a vital role in nurturing the stability of this relationship.
One of Wall Street's most loved - and hated - stocks, Tesla was already the U.S. stock market's most traded companies by average daily value, but trading has surged in recent sessions, along with Tesla's stock price.
In a faceoff with Elon Musk, the SEC blinked
The SEC's fight with Elon Musk started on Aug. 7, 2018, when the CEO, whose company had been telling investors to monitor his Twitter feed since 2013, sent Tesla shares soaring by tweeting "funding secured" to take the publicly listed company private.
Tesla tumbles after Elon Musk tweets stock too high
The subsequent share drop erased around $13 billion from Tesla's market value and nearly $3 billion from the value of Musk's stake.
CEO Musk emails staff alleging employee 'sabotage'
Musk wrote that the company would be investigating the matter this week, adding that Tesla needed to determine if the person was acting alone or in concert with "any outside organizations."
As Tesla shares fall, Amazon takes over as most shorted US stock
The dollar amount of Tesla shares sold short dropped by 16 per cent, while that for Amazon climbed by 32 per cent
Tesla’s latest electric car gets over 2.75 lakh orders
Musk tweeted on Friday that the Model 3, which is slated to go into production in late 2017, will sell at an average price of $42,000.
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