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Tesla, Inc. (TSLA), with a market cap of $557.6 billion, leads the electric vehicle (EV) industry globally with its innovative designs and cutting-edge technology. Based in Austin, Texas, it is renowned for its transformative approach to clean energy, setting itself apart with its direct sales model and comprehensive charging infrastructure.
Shares of the automaker have considerably underperformed the broader market over the past 52 weeks. TSLA has gained 2.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied more than 27.5%. In 2024, shares of Tesla are down 28.6%, compared to SPX's 11.2% gain on a YTD basis.