Is Tesla Stock Underperforming the Nasdaq?

With a market cap of $1.1 trillion, Tesla, Inc. (TSLA) is the leading electric vehicle manufacturer in the United States, holding about 70% of the EV market with its flagship Model 3 as the top-selling model. Headquartered in Austin, Texas, Tesla operates globally, combining direct sales, servicing, and charging to differentiate itself from traditional automakers.

Companies worth more than $200 billion are generally labeled as “mega-cap” stocks and Tesla fits this criterion perfectly. Beyond automobiles, the company has expanded into energy generation and storage, positioning itself as a clean energy innovator.