Tesla Motors & Their presence in the stock market

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Tesla Motors which is also very commonly known as Tesla Inc is mostly known for their fast electric cars. As it seems pretty obvious, they own owe its name in homage to the great scientist Nikolas Tesla who was also an engineer who developed the first alternators and introduced alternating current to the entire world.

In 2010, Tesla went public in the stock market of Nasdaq under the name Tesla Shares, here, they sold over 13.3 million shares at a small price of 17$ per unit and since then it has continuously been attracting investors especially for the data published by the company and also for its highly evolving turnover.

The History of Tesla in the Stock Market

In the year of 2003, Tesla motors was founded by Martin Eberhard and Marc Tarpenning and were very well known in the car industry for making electric sports cars, however, during those years, electricity was one of the less popular sources of energy. And as for their project, they required a significant investment. This is the part where Elon Musk comes in; In the year of 2004, the creators (Martin Eberhard, Marc Tarpenning) met Elon who then decided to invest about $6.5million into the company, with the help of this investment, the funds for the project were raised by 86%.

With this investment, Elon Musk immediately became the Chairman of the board of Tesla Inc while Eberhard and Tarpenning left the company in the year of 2008.

In the same year of 2008, Tesla Roadster was made public to the customer base, a fully electric sports car. Even though it managed to sell 220 models in 4 months and 1000 models until 2009, we must keep in mind that its market until then was only limited to America.

Tesla Motors entered the European market in the later days of 2009.

It is safe to say that since Elon Musk’s arrival, the company has been able to diversify their products. Nowadays, most of the Tesla Products are made from clean energy, thus, a division i.e. Tesla Energy Group was created to focus on energy storage systems.

Despite their growth and increase in sales, Tesla recorded a loss of 184 million dollars in the year of 2015; however, Elon Musk did not give up and decided to reach newer levels. In the year of 2018, Tesla Inc finally became profitable with third quarter profits of more than $312million. It then became the number on market capitalization in the automotive sectors in the early days of July 2020, ahead of the likes of Toyota and Volkswagen.

Tesla Motors was now a profitable company and was expecting to make sustainable profits in the periods to come and likely so, Tesla had a full year in the green in 2020. It had sales of about $31.5billion and a net profit of about $721million.

If you are looking forward to investing in Tesla Stock, one thing that you should know is that the company’s reputation in the manufacture of electric vehicles has been very promising due to the good results however, keep in mind that the company’s mixed financial results may put some investors off, this is one of the main reasons why taking financial advices from professionals is important.