The growth of Tesla over the years has been nothing less than impressive. The Elon Musk-led business has evolved a lot over the years from its days as an ambitious niche EV maker producing luxury sports cars in the years leading up to the 2008 recession. Today, with the company’s Model S, Model 3, Model X and Model Y lineup setting the benchmarks in their respective segments, Tesla is the undisputed trailblazer in the EV industry.
Tesla has seen a rebound after weathering a violent dive following the publication of its first and second-quarter earnings results in 2019, putting the electric car manufacturer deep into the market’s list of most valuable carmakers. Companies like GM came first and then Daimler was next. It was Volkswagen’s turn, finally. Legacy carmakers, one by one, were left behind by the EV company.
And then the most outstanding thing happened. To become the world’s most valuable automaker by market value, Tesla overtook Toyota, the Japanese behemoth, in July. Tesla was able to do this in spite of only selling a fraction of the raw volume of vehicles as Toyota. Since then, Tesla has never let up, growing even further as analysts and the market recognized the EV maker’s inherent potential.
In its beautiful glory, this rise can be seen in a graphic posted on Twitter by the Tesla Owners Mexico community. The growth of Tesla, indeed and the sustainable movement it represents, would be pretty beautiful.
It may have been destiny, or maybe even a little irony, but Tesla hit all these highs at a time when Twitter was much more restrained by its CEO, Elon Musk. This year, Musk seems more concentrated on execution than Twitter feuds, and it has generated results. This year’s Tesla ramp was also based on the Model Y, a crossover that saw the electric car manufacturer’s reasonably tempered level of excitement.
The best thing about Tesla’s rise graphic is that it shows just the beginning of the actual ramp of the electric car manufacturer. The organization has so much left to do. There are still vehicles like the Cybertruck and the Tesla Semi to be released. The energy sector is just waiting for Tesla Energy, the autonomy segment is waiting for Full Self Driving and Autopilot, and the battery sector is just waiting to be saturated by Tesla’s 4680 tabless batteries.
Tesla still has a long way to go, and if Elon Musk’s Master Plan continues to go as planned, then the company’s rise is really only just beginning.
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