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Tesla (TSLA) is arguably among the most fascinating, yet most controversial and polarizing, companies of all time. To its credit, Tesla has almost single-handedly led the electric vehicle (EV) transition – a category that was once dismissed as a niche by legacy automakers.
Tesla’s ever-expanding market cap has baffled many. At its peak in 2021, it was valued at more than $1.2 trillion, and even the combined market cap of the world’s biggest automakers couldn't approach that level.