“To accelerate the world’s transition to sustainable energy”
A lot of us are familiar with this sentence, particularly for Tesla owners and investors. That’s right, that’s the mission statement for Tesla.
In addition to being an American electric car and renewable energy manufacturer, Tesla also leads the way in cutting-edge software development. The company was formed in 2003 by a group of engineers who decided to show that there was no need for people to compromise in driving electric vehicles – that electric vehicles would be safer, quicker and more fun to drive than gasoline.
On June 29, 2010 Tesla stock (NASDAQ: TSLA) had an Initial Public Offering at just $17. During the next 10 years, Tesla became the most successful automaker in the world with a market value of over $377B.
Tesla started selling the Model S in 2012, and since then its fleet and ownership growth has skyrocketed.
Vehicle deliveries by year:
2020: 500,000 (Estimated)
Recently, on the NASDAQ Times Square Display, a message of “NASDAQ CONGRATULATES TESLA INC AND AUSTIN TEXAS ON NEWS OF THE GIGAFACTORY” TSLA Nasdaq Listed.
During the Q2 2020 Earnings Call, Tesla CEO Elon Musk confirmed that a new gigafactory will be built near Austin, Texas to manufacture Semi, Cybertruck and Model Y.
The site covers around 2,000 acres and is located just five minutes from the airport and about 15 minutes from downtown Austin, close to the Colorado River. He said the factory would become an environmentally friendly paradise and be open to the public.
“It will be stunning. It’s right by the Colorado River. It will have a boardwalk… It will be an ecological paradise. It will be open to the public as well.” Elon Musk says.
Tesla means business with several gigafactories under construction simultaneously. For next-level tech and game-changing solar products, the company has record-shattering vehicles that energize your life. And on September 22, Battery Day, we’ll possibly soon hear about their mind-blowing strides in battery manufacturing.
In its mission to catalyze the world’s clean energy transition, Tesla has set itself well for the success. And now, with the recent congratulations from NASDAQ, recognition by the mainstream continues to grow markedly. As the company approaches a market cap of $400B, from its first stock split is less than a weak one and S&P inclusion is believed to be imminent, what’s next for the emerging tech and manufacturing juggernaut?
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