Founded in 2003, Tesla is a leading American company in the electric vehicle, energy storage and solar panel manufacturing industries. The brand was launched by two U.S. engineers, Martin Eberhard and Marc Tarpenning and in 2004; PayPal’s Elon Musk joined the firm with a huge investment.
Tesla is renowned for selling electric cars. It was 2008 when it introduced its first model, the Roadster which sold over 2,250 automobiles in 31 countries. This vehicle gained recognition thanks to its individual components like its ability to travel 200 miles on just 1 electricity charge.
The Model S was later released in 2012 and it had more unique features such as:
- A tablet-like dashboard
- A smart key
- 0-60 mph acceleration in just over 2 seconds
Tesla soon began building a network of Supercharger stations, which in 2017 amounted to over 7000 around the globe. These electric charging stations, similar to traditional gas stations, enable electric car owners to charge their vehicle’s battery. With the use of a mobile app, users are notified when the charging is finished.
It is thanks to these innovative features that Tesla has become a popular global electric vehicle brand. In fact, since its launch, it has partnered with other leading motor manufacturers including:
- Daimler AG
In 2016, the company made a big move by famously securing SolarCity Corp. Tesla then began manufacturing energy storage services and solar panels. It is also in partnership with other companies like:
- Airbnb – for providing charging stations
- Panasonic – for producing battery cells
Before you decide to trade the TSLA stock, there are a few factors to keep in mind.
- The company has over 30,000 staff members in over 25 countries.
- Tesla, also referred to as “TSLA”, is traded on the NASDAQ.
- In 2010, Tesla started its Initial Public Offering and raised a total of $226 million.
- Tesla now has an annual revenue of about $7 billion.
TSLA’s stock price can be determined by a variety of factors including:
- Product announcements
- Environmental regulations and policies
- Market analysis
- Competition from fellow electric car brands
With our latest tools and technology, you can effortlessly trade Tesla at Almahfaza. We provide traders with a responsive platform to easily and quickly open and close trades. Traders can also take advantage of Almahfaza’s educational tools and charts that encourage better trading decision-making.