TSLA
Tesla
Market cap$1.52T
Updated - ago
Tesla is down approximately 6.16% to $350.94 as political headwinds and vehicle lineup changes weigh on sentiment.1 Post-election developments have heightened regulatory scrutiny and concerns over EV policy oversight.1 Further pressure stems from Elon Musk's announcement that Tesla will wind down Cybertruck production by mid-2027 to reallocate Giga Texas capacity to Cybercab, underscoring pickup volume softness alongside broader tech de-risking.1
Tesla, Inc. is an American electric vehicle manufacturer and clean energy company founded in 2003 by Martin Eberhard and Marc Tarpenning, with Elon Musk joining as chairman and product architect in 2004. The company designs, manufactures, and sells a wide range of battery electric vehicles, including the Model S sedan, Model 3 compact sedan, Model X sport utility vehicle, and Model Y compact crossover, establishing itself as a global leader in the automotive industry's transition to electric propulsion. Beyond vehicles, Tesla operates extensive businesses in energy storage solutions, producing battery systems for residential, commercial, and grid-scale applications, as well as solar energy products through its Solar Roof and solar panel divisions. The company has pioneered advanced autonomous driving capabilities and artificial intelligence technologies, continuously developing self-driving features integrated into its vehicle fleet. Tesla maintains a vertically integrated manufacturing approach with multiple Gigafactories worldwide dedicated to vehicle and battery production, aiming to accelerate global sustainable energy adoption. As one of the world's most valuable automotive companies by market capitalization, Tesla has fundamentally reshaped the automotive industry and investor expectations around electric vehicles, renewable energy, and technological innovation in transportation.