Electric vehicle (EV) manufacturer Tesla has been a hot topic in the automotive industry for the past decade. Its tremendous growth in the stock market has attracted the attention of investors, analysts and the general public alike. In this article, we’ll take a look at Tesla’s stock performance on Yahoo Finance in 2000 words.
Tesla’s initial public offering (IPO) took place on June 29, 2010 at a price of $17 per share. At the time, the company was seen as a distinct player in the automotive industry, with limited market share and no significant profit. However, investors were attracted to Tesla’s vision of a sustainable future driven by clean energy, and the company’s share price rose sharply in later years.
In 2013, Tesla announced its first profitable quarter, which further boosted investor confidence. The stock price continued to climb to a high of $286 in September 2014. However, the following year, Tesla faced some challenges, including production delays, quality issues, and a fatal accident in one of its vehicles. These factors caused the share price to fall to about $150 a share by mid-2015.
Despite these setbacks, Tesla continued to grow and expand its business. The company launched its Model X SUV in 2015 and its Model 3 sedan in 2017, becoming the best-selling EV in the world. In addition, Tesla opened a gigafactory in Nevada to make batteries and announced plans to build factories in China and Europe.
Tesla’s share price responded to these developments and by 2019, it exceeded $300 per share. However, the company faced more challenges that year, including production and distribution issues with the Model 3 and concerns about the company’s financial stability. Tesla also had to deal with the departure of several key executives, including its chief financial officer and general council.
Despite these setbacks, Tesla’s share price continued to climb to a high of $968 per share in February 2020. The surge was driven by a number of factors, including strong demand for the Model 3, the company’s plans to expand and launch Tesla in new markets. New products like Cybertruck and Model Y.
However, Tesla’s share price was not immune to the COVID-19 pandemic, which led to a steep decline in global markets in early 2020. The company’s share price fell to about $350 a share in March 2020, but as investors began to watch, it quickly reversed. Tesla as a potential winner in the pandemic economy.
Tesla’s share price continued to rise throughout 2020, reaching a new all-time high of $883 per share in December. The surge was driven by a number of factors, including the company’s strong financial performance in the third quarter, with Tesla reporting a profit of $331 million. In addition, Tesla’s inclusion in the S&P 500 index in December 2020 increased its market cap and visibility.
In 2021, Tesla’s share price continued to climb, hitting a high of $900 a share in January. However, the company faced some challenges, including production issues with the Model S and Model X and concerns about the safety of its Autopilot system. In addition, Tesla faced increasing competition from established automakers such as Ford and General Motors, which launched their own EVs.
Despite these challenges, Tesla’s share price remained strong, and it hit a new all-time high of $883 per share in February 2021. For the trust of investors. In addition, Tesla continued to expand its business with plans to build factories in Texas and Germany.