In recent years, Tesla has become one of the most recognizable brands worldwide. Its electric vehicles are among the most popular of their kind in the world. The company’s stock grew enormously in 2020, and revenues hit a record high as well.
But what exactly does this corporation do? How well has the Tesla stock performed, and is it worth investing in?
We’ve put together some information about Tesla, including its stock price history, whether the company pays dividends, as well as some interesting facts.
History of the Company
Tesla was founded in 2003 by Martin Eberhard and Marc Tarpenning. It had its first funding round in 2004, with one of the major investors being Elon Musk, who then became Chairman of the company before taking over as CEO in 2008.
The company’s first production car was the Roadster, and it began manufacturing the car in 2008. By the beginning of 2009, it had sold nearly 150 cars. It launched its Initial Public Offering in 2010 and raised $226 million from the offering. In 2020 it became eligible for inclusion in the S&P 500 index.
Today the company offers four different car models: the Model X, the Model Y, the Model 3, and the Model S. It is also developing further models, including an electric truck and an electric lorry. The electric vehicle maker hit its goal of producing 500,000 cars in 2020.
Outside of car manufacturing, Tesla also develops domestic power storage systems so people can power their homes and charge their Tesla vehicles with stored electricity. It also develops and sells solar roof panels through its subsidiary, Solar City.
Tesla Stock Price History
When it became a publicly traded company in 2010, Tesla stock was trading at about $4 a share. By 2014, the stock started trading at around $50 a share.
Since the beginning of 2020, there has been an enormous growth in interest of Tesla shares, and the stock has soared as a result. Over the course of 2020, the share price grew by 740%, giving it a market cap greater than any other car manufacturer in the world.
Recently, the Tesla stock price reached its all-time high of almost $900. However, between January and March 2021, the stock price fell by more than 25%.
Unlike many listed companies, this companyhas never declared a dividend on its common stock, and it has not announced any plans to declare a dividend in the future.
Many publicly traded car manufacturer stocks pay a dividend at least once a year, including VW and BMW.
However, Tesla can often be regarded as a technology stock, and it’s not unusual for technology stocks to never issue a dividend. For example, technology companies Google and Facebook have never issued a dividend.
Top Tesla Facts
- According to the Bloomberg Billionaires Index, founder Elon Musk is the second richest person in the world.
- Over half a million people are on the waiting list for the company’s new Cybertruck, which is due to start production in late 2021.
- In March 2021, Elon Musk changed his official job description from CEO to Technoking of Tesla.
- In February 2021, Tesla bought $1.5 billion in Bitcoin and plans to purchase more of the cryptocurrency.
- The company plans to launch a battery-powered lorry, the Tesla Semi, which will begin production in 2021.
There’s no denying that Tesla is one of today’s tech leaders. We think buying shares in Tesla is worthwhile because this company is only showing signs of growth, regardless of a recent drop in share price. When you purchase Tesla stock, you’re not only making a personal investment but also supporting a company that’s changing the future.