Everyone reading this blog must be knowing Tesla Motors or Elon Musk somehow. Just to give brief about what Tesla Inc. actually does – Tesla, Inc. is an American automotive and clean energy company based in Austin, Texas. Tesla designs and manufactures electric vehicles (electric cars and trucks), battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services.
What is actually Tesla Inc is up to ?
- The company aims for leadership as a multinational automotive business that focuses on electric vehicles. With a strong brand image and increasing popularity, the company is positioned to succeed in the global electric automobile market.
- In Q1 2022, the company sold over 310,000 electric cars, which is 68% more than a year ago. That’s enough to exceed 2.5% market share in the US/Canada and cross 1.5% market share in Europe and in China. In Europe, Tesla appears to already be closer to 1.8%, while in China it’s 1.6% or so.
For Market share for last few years of Tesla vehicles is
We should look at the company by considering it as evolutionary coz, electric cars were myth until Tesla did the job. But is this idea sustainable ? this is a million dollar question.
If we look at Market capitalization of the company as of May 24th, 2022 it is $695.93 Billion however it touched $1.23 Trillion in November 2021. (Market Capitalizations = Total number of shares in market * Market price of each share).
Why Market capital declined even though Market share of company increased ?
Before answering this question, one should understand that current market price of share is determined using present value of future expected benefits (This concept is explained in earlier blogs). So right now investors are not expecting that much growth in Tesla – Automobile in near future.
Where is Tesla Inc. as a company moving?
Tesla Inc. is just not an automobile company. It has other segments as well such as Tech, bitcoin, Manufacturing, EV charging, autonomous driving, Solar city, etc.
Thus basically, Tesla is into usage of renewable sources of energy for Household and commercial automobile. Thus, focusing on the target, Tesla is gradually increasing network of its power stations and it is also planning to expand its sales in various progressive countries like India.
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