Tesla: Company and Models

Published on February 21, 2019
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When the Tesla Roadster was released in 2008, it became the first highway legal serial production all-electric car with lithium-ion battery cells and the first production all-electric car to travel more than 320 kilometers (200 mi) per charge. Ten years later, in 2018, Tesla ranked as the world’s best selling plug-in passenger car manufacturer, after having delivered over 245,000 units.

On the United States market, sales of Tesla vehicles went from 48,000 in 2017 to a whopping 182,400 in 2018. Global sales also saw a boost and went up by 138% from 2017 to 2018.

As of June 2018, Tesla sells three vehicle models:

  • Tesla Model S
  • Tesla Model X
  • Tesla Model 3

Img source: Electrek.com

To the car aficionado, Tesla Inc is of course chiefly known for its high-end electric cars, but this company is also – through its subsidiary SolarCity – a trailblazer in the field of solar panel development and manufacturing, including solar roof tiles. Naturally, the two fields tie into each other since the electricity generated by solar panels can be used to charge car batteries.

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The company – then known as Tesla Motors, Inc. – was founded in 2003 by the engineers Martin Eberhard and Marc Tarpenning, who named their creation after the groundbreaking physicist Nikola Tesla. (In 2017, the company name was shortened to just Tesla, Inc.) The current CEO Elon Musk joined the company very early, during the Series A funding, together with J.B. Straubel (current CTO) and Ian Wright. Today, all five men are considered co-founders of the company.

Investing in Tesla

Unsurprisingly, this innovative automotive and energy storage company has garnered a lot of investor interest ever since its early days. It has made it onto the list of the most recommend stocks on the social trading platform eToro on several occasions.

Img source: forbes.com

It is a publicly traded company, which means that it is fairly simple to buy shares in this corporation. The shares are listed on NASDAQ where they are traded using the symbol TSLA.

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The company has been listed on the NASDAQ exchange since its IPO on 29 June 2010. At the IPO, Tesla offered 13.3 million shares for $17 per share, raising a total of $226.1 million. On the very first day, the share price went from $17 to $23.89 – an increase by more than 40 percent.

The ISIN code for the Tesla shares is US88160R1014. ISIN is an International Securities Identification Number that uniquely identifies fungible security. 

Tesla, Inc. is based in Palo Alto, California, USA.

ETFs

If you don’t want to invest directly in Tesla Inc, but still want some exposure to the stock, you can go for an ETF with a significant TSLA holding. An ETF is an Exchange Traded Fund, which means that buying and selling fund units is easy and straight forward since they are traded on an exchange.

Img source: crescentvale.com

Examples of NASDAQ listed ETFs known to have TSLA as a Top 10 holding:

  • VanEck Vectors Global Alternative Energy ETF (GEX)
  • First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN)
  • ARK Industrial Innovation ETF (ARKQ)
  • ARK Innovation ETF (ARKK)
  • ARK Web x.0 ETF (ARKW)
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Since the exact content of an ETF can change, it is important that you do your own research before you make any purchase decision. The ETFs listed above have TSLA as a top-ten holding at the time of writing, but it is strongly advisable to research any ETF well right before the purchase to obtain current information. Also, check the investment strategy for the ETF.

Index component

TSLA is a NASDAQ-100 component and a Russell 1000 component.

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