Tesla is an electric car company based in Austin, Texas, United States. It was founded in 2003 by Martin Eberhard and Mark Taffenning. In 2004, Elon Musk, the founder of PayPal, participated as an investor and a few years later, Elon Musk became the largest shareholder.
CEO: Elon Musk (October 2008–)
Founded: July 1, 2003, San Carlos, California, United States
Headquarters: Austin, Texas, United States
Number of employees: 127,855 (2021)
Founders: Elon Musk, Martin Everhard, JB Straubel, Mark Tapenning, Ian Wright
What's ahead for Tesla stock in the new year is a big question for investors, coming on the heels of a disastrous 2022 and Chief Executive Elon Musk's complicated entanglement with Twitter.
Tesla (TSLA) has been a monster stock over much of its history, especially during its stratospheric run from mid-2019 to late 2021. The stock hit a bear market low of 101.84 on Jan 6. Since then, Tesla stock has roared about 93%.
Tesla reported mixed fourth-quarter results on Jan. 25, topping earnings estimates but missing on revenue. Nonetheless, the stock continued to rise as Musk said he was bullish about 2023.
In January, it was reported that Tesla sold 66,051 China-made vehicles. That's a 10.4% jump compared with a year ago and up 18.4% vs. December. The sales numbers, released by the China Passenger Car Association, include exports. This marks the first monthly delivery numbers from Tesla's Shanghai facility since the electric vehicle maker slashed China prices.
Analyst Views On TSLA Stock
"There was a lot riding on Tesla's highly anticipated fourth-quarter results and 2023 guidance/commentary, with the Street anxiously focused on the demand outlook for 2023 along with margin trajectory," Wedbush analyst Dan Ives said in a recent note to clients.
What's ahead for Tesla stock in the new year is a big question for investors, coming on the heels of a disastrous 2022 and Chief Executive Elon Musk's complicated entanglement with Twitter.
Tesla (TSLA) has been a monster stock over much of its history, especially during its stratospheric run from mid-2019 to late 2021. The stock hit a bear market low of 101.84 on Jan 6. Since then, Tesla stock has roared about 93%.
Tesla reported mixed fourth-quarter results on Jan. 25, topping earnings estimates but missing on revenue. Nonetheless, the stock continued to rise as Musk said he was bullish about 2023.
In January, it was reported that Tesla sold 66,051 China-made vehicles. That's a 10.4% jump compared with a year ago and up 18.4% vs. December. The sales numbers, released by the China Passenger Car Association, include exports. This marks the first monthly delivery numbers from Tesla's Shanghai facility since the electric vehicle maker slashed China prices.
Analyst Views On TSLA Stock
"There was a lot riding on Tesla's highly anticipated fourth-quarter results and 2023 guidance/commentary, with the Street anxiously focused on the demand outlook for 2023 along with margin trajectory," Wedbush analyst Dan Ives said in a recent note to clients.
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