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ISIN code: US88160R1014
Sector: Durable consumer goods
Industry: Motor vehicles
Tesla shares are listed on the New York Nasdaq market under the ticker TSLA.
See the stock's listing history on the Nasdaq
Company Description
Tesla, Inc. is an American company specializing in the production of electric cars, photovoltaic panels and energy storage systems. The company operates in two segments: Automotive, and Energy storage and generation. The "Automotive" part includes the design, development, production and resell of electric vehicles. The Energy Storage and Generation portion includes the design, manufacture, installation, and sale or lease of solar energy facilities, or the resale of energy generated by its customers. The company distributes two electric automobiles, the Model S sedan and the Model X (SUV). There's also the Model 3, a mass-market sedan. The solar plants he creates are usable by households, corporations, and factories.
Economic and financial analysis of the company
Tesla was born in 2003 from the idea of Martin Eberhard e Marc Tarpenning and its name was chosen in homage to the scientist Nikola Tesla. The main investor who allowed the launch of the company is Elon Musk, the co-creator of PayPal, who became chairman of the Tesla board of directors. Through financial meetings, his entry allowed the arrival of new investors including Sergey Brin e Larry Page, co-founders of Google, And Jeff skoll, former president of the group eBay. Tesla over the years, thanks to Musk's ingenuity, has been able to grow and expand its name.
The first production launch takes place in 2008 with the first production car, the Roadstar Tesla. 100% electric car that will be marketed through the company's website. In four years, the group's shares are multiplied by 10. In June of the same year, Tesla receives an important funding from the United States government equal to 500 million dollars. Tesla is listed on the New York Stock Exchange on 29 June 2010, raising more than $200 million in additional funding. Between 2008 and 2009 Tesla produces about 1.000 cars booked by US customers and only in 2009 does the company become international with the sale of Roadsters in Europe, under the name of "Signature Edition", in a limited series of 250 units. Since 2013, a new division called Tesla Energy Group (TEG) in charge of the design and production of energy storage systems to equip cars. This has allowed Tesla to sell the same technologies to several large partners such as Daimler and Toyota. Tesla Motors has had several strategic partners over the years. In 2014, it entered into an agreement with the Allianz group for a partnership to offer its insurance services to customers of the Tesla brand. He has been a partner with the company since 2016 Nvidia for the development of on-board touch screens for automobiles and for digital dashboard information equipment. In 2014, Musk opened Tesla's patents to the public by making them free. In 2015 Tesla decides to diversify its offer with the launch of Powerwall, a design battery intended for homes and available in two different versions of 7 and 10KWh. Also in 2015, Tesla is in the red with a loss of 184 million despite a record number of cars sold and a 52% increase in sales. At the same time, the group acquires the company for an undisclosed amount Riviera Tool, a company in the United States with 100 employees specializing in aluminum cutting tools.
In 2016, the Tesla Group recorded more than 375.000 orders after the presentation of the Tesla Model 3, the first deliveries of which are expected in 2017. The same year, it announced the purchase of the SolarCity company for 2,6 billion dollars due to a difficult situation of the latter. In November of 2016, Elon Musk said he had acquired the German company Grohmann Automation, which operates in automated production systems and announces that the vehicles still in production will be equipped with materials compatible with 100% autonomous driving. In 2017, it surpassed Ford and General Motors in share capitalization for the first time to become the most valuable US auto company. In 2017, Tesla again raised $1,2 billion in funds by issuing 1,3 million shares of common stock and selling convertible bonds maturing in 2022. On May 15, 2019, Tesla purchased the ultracap company Maxwell Technologies of San Diego, for 218 million dollars.
On March 9, 2020, it reached the milestone of 1 million electric cars produced, first among all car manufacturers. Throughout 2020, Tesla shares have grown steadily and are considered among the most attractive stocks to invest in in the coming years.
