Is Tesla Stock Outperforming the Dow?

Tesla, Inc. (TSLA), headquartered in Austin, Texas, designs, develops, manufactures, leases, and sells electric vehicles, energy generation, and storage systems. With a market cap of $671.6 billion, the company owns its sales and service network and sells electric powertrain components to other automobile manufacturers.

Companies worth $200 billion or more are generally described as “mega-cap stocks,” and TSLA definitely fits that description, with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the auto manufacturers industry. Tesla is the market leader in battery-powered electric cars, and its flagship Model 3 is the best-selling EV model.