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Barchart
Barchart
Dipanjan Banchur

Is Tesla Stock Underperforming the Nasdaq?

Tesla Inc. NASX

Tesla, Inc. (TSLA), headquartered in Austin, Texas, has pioneered battery-electric vehicles and is renowned for its disruptions in the automobile and sustainable energy space. Valued at $567.49 billion by market cap, the company designs, develops, manufactures, and sells fully electric vehicles, energy generation and storage systems.

Companies worth $200 billion or more are generally described as “mega-cap stocks,” and TSLA fits right into that category. TSLA is accelerating the world’s transition toward sustainable energy through its products and solutions. TSLA is the top automobile company by market cap in the S&P 500 Index ($SPX).  

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