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Austin, Texas-based Tesla, Inc. (TSLA) is a global electric vehicle (EV) and clean energy company that designs, manufactures, and sells battery-electric vehicles, energy storage systems, solar products, and related software and services. Valued at an impressive market cap of $1.2 trillion, the company operates through two primary segments: Automotive and Energy Generation and Storage.
This automobile giant has outperformed the broader market over the past 52 weeks. Shares of Tesla have declined 2.2% over this time frame, while the broader S&P 500 Index ($SPX) has gained 16%. Moreover, on a YTD basis, the stock is down 31.2%, compared to SPX’s 8.3% rise.
