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.
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.
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.
The subsequent share drop erased around $13 billion from Tesla's market value and nearly $3 billion from the value of Musk's stake.
The dollar amount of Tesla shares sold short dropped by 16 per cent, while that for Amazon climbed by 32 per cent
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."
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.
Electric cars were all the rage five years ago.New car companies were springing up all over the place, promising a futuristic liberation from the internal-combustion engine.