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4 days ago · Tesla (NASDAQ:TSLA) stock has gained in recent weeks after beating delivery expectations in the second quarter. The Elon Musk-run company has seen its shares rise 40.9% over the past 30 days and ...
Get the latest Tesla Inc (TSLA) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.
- Overview
- Tesla's Recent Developments
- What's Happening With Tesla's Recalls?
- What's Happening With Tesla's Cybertruck?
- What's Happening With Tesla and Bitcoin?
- What's Happening With Tesla's Car Radar?
- What's Happening With Elon Musk and the SEC?
- What's Happening With the Tesla Shareholder Lawsuit About Solar City?
- Has TSLA ever split its stock?
), the world's largest automaker by market value, designs, builds, and markets fully electric vehicles (EV) and energy generation and storage systems. The company also provides services through vehicle service centers, body shops, and charging stations. Tesla makes and sells mid-size sedans, full-size sedans, and compact and mid-size sports utility vehicles.
Tesla was founded in 2003 as Tesla Motors by Martin Eberhard and Marc Tarpenning. Elon Musk invested in the company and became its chair the next year. An out-of-court settlement of Eberhard's lawsuit against Musk after Eberhard's ouster as CEO allowed both men to call themselves co-founders, along with Tarpenning and early hires Ian Wright and J.B. Straubel. The company was founded as a maker of electric vehicles and related components and has subsequently expanded into energy generation and energy storage products. Tesla went public in an initial public offering (
) on June 29, 2010.
In 2021, Tesla moved its headquarters to Austin, Texas, from its longtime home in Palo Alto, Calif. Musk is Tesla's chief executive officer. Tesla's stock is grouped with the consumer discretionary sector for investing purposes. Tesla's
As of Nov. 22, 2022,
Elon Musk's net worth had fallen by $100 billion
On Oct. 19, 2022, Tesla announced its
While EPS and car deliveries beat analysts' expectations, revenue failed to do so and Tesla's stock declined after the announcement.
Tesla has issued multiple vehicle recalls in recent months. On April 12, 2022 the company announced a recall of 594,894 vehicles, including models Y, X, and S made in 2020-2022 and Model 3's from 2017-2022, to disable the Boombox function when the car is not parked lest it drown out pedestrian warning signals. On Feb. 1, 2022, Tesla announced a rec...
Tesla announced that its electric pickup truck
, the Cybertruck, will not be released until 2022, after initially being scheduled to come out in late 2021. The truck has been hampered by design issues, and also by supply chain challenges related to the pandemic. On April 7, 2022, Musk said the Cybertruck would debut in 2023, and would be assembled at the company's recently opened plant in Austin, Texas.
On May 12, 2021, Musk announced on Twitter that Tesla would stop accepting Bitcoin payments for its vehicles, citing concerns over "rapidly increasing use of fossil fuels" for Bitcoin mining and transactions. On June 13, 2021, Musk tweeted that Tesla would again accept Bitcoin when approximately 50% of its mining is done with clean energy. On July ...
In May 2021, Tesla announced that it would no longer include radar sensors on its Model 3 and Model Y cars manufactured for sale in North America. The decision caused Consumer Reports to pull its “Top Safety Pick+” designation from the Model 3, and the National Highway Traffic Safety Administration (NHTSA) said that the radar-less vehicles will no ...
In September 2018, Tesla and CEO Musk
settled a civil securities fraud suit
brought by the U.S. Securities and Exchange Commission (SEC). As part of the settlement, Musk stepped down as chair of the board and the company agreed to corporate governance reforms, other changes, and a total of $40 million in fines for Musk and the company. The SEC had alleged that a Twitter post by Musk outlining plans to take Tesla private "lacked an adequate basis in fact." The SEC also charged Tesla with "failing to have required disclosure controls and procedures relating to Musk’s tweets."
reported that Musk had twice violated a court order requiring that all his tweets be pre-approved by Tesla lawyers. On March 8, 2022, Musk sued to end the SEC settlement condition requiring company lawyers to approve his tweets containing material business information, alleging it infringes his freedom of expression. On April 14, 2022, Musk called SEC regulators "bastards" for bringing the charges settled in 2018.
Musk testified in a lawsuit brought by Tesla shareholders
The plaintiffs alleged that he used Tesla's 2016 acquisition of SolarCity to bail out SolarCity while chairing both companies’ boards. Closing arguments in the case took place in January 2022, with lawyers for the plaintiffs arguing Musk should return the Tesla shares he received for his SolarCity stock, valued as of January 2022 at $13 billion. A ruling in the case remained pending as of April 21, 2022.
Tesla has split its stock twice. Effective Aug. 31, 2020 it executed a 5-for-1 split of common shares. It executed a 3-for-1 split of common shares effective on August 25, 2022.
Mar 27, 2024 · Key Takeaways. Tesla Motors was founded as an electric carmaker by engineers Martin Eberhard and Marc Tarpenning in 2003. Elon Musk, co-founder of Paypal, was an early investor in Tesla and board ...
4 days ago · Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. The company generally sells its products directly to customers, and continues to grow its customer-facing infrastructure through a global network of ...
3 days ago · Track Tesla Inc (TSLA) price, historical values, financial information, and insights to empower your investing journey | MSN Money
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