A historical view of Tesla: Tesla was established in 2003 by a group of engineers, with a future vision that electric cars can be better, faster and more enjoyable to drive than petrol cars. Tesla expanded its current activities, as Tesla today does not only make cars that works with electricity, but also produces products to store endlessly clean energy.
Tesla believes that the sooner the world stops relying on fossil fuels and moves toward an emissions-free future, the better it is for the future of mankind. In 2008, we witnessed the launch of the first fully electric convertible, as Tesla's advanced battery technology was unveiled, with electric transmission. Hence, the company designed the first ever fully luxury sedan from the ground up, called the S-Class, which has become the best car in its class. It is worth noting that, the Model (S) combines safety, performance and efficiency.
In 2015, Tesla expanded its product range through the Model (X), which is the safest, fastest and most capable sports car in the history of electric cars, which carries a class 5 safety classification. In 2016, we saw the launch of the Model 3, a low-cost and large electric car, the production of which started in 2017. Shortly thereafter, the company revealed the safest and most comfortable truck ever, and called it “Tesla Semi”. It is designed to save at least $200,000 in operating expenses compared to its counterparts that use regular fossil fuels, with a range of one million miles. It is worth noting that, all Tesla cars are produced at its factory in Fremont, California, where the majority of the vehicle components are manufactured.
The company employs highly skilled workers, requiring production personnel to participate in a multi-day training program before setting foot on the factory floor. It also provides on-the-job training and daily performance tracking so that problems can be quickly addressed and improvements quickly done. Unlike many traditional manufacturers, Tesla acts as an equipment manufacturer for competitors, as it manufactures powertrain components for automakers. Tesla has partnerships with German company Daimler and Japanese company Toyota. It also works with Panasonic as a research and development partner for batteries and solar panels.
Tesla shares from offering to date: It is worth noting that Tesla Company is a joint stock company, meaning that part of its shares are traded through the American Nasdaq Stock Exchange, and its shares have witnessed many clear fluctuations during the past years, between rises and falls, affected by the results of the company’s business results, the announcement of new products and partnerships.
Below, we will look at the price fluctuations during the past few years for Tesla shares where Tesla shares were first traded on NASDAQ in 2010, around $40 per share, where it lasted until mid-2013.
The stock witnessed sharp rises, which are the first of its kind in the company’s history, reaching $200 price at the end of 2013 trading, with 400% increases during one year. The stock enters into a wave of fluctuations between the $160 to $280 levels, from 2014 to 2016, for the stock to begin a new journey of rises that were the highest ever during 2017 trading, where we saw the stock record new price levels, reaching its highest levels at $380 in May 2017. The stock returned once again to record some declines during 2018, following the announcement of a lawsuit by investors against Tesla and Elon Musk, where Elon Musk was accused of deceiving the investors by announcing on his Twitter account that he has a financing offer, in a record deal worth $72 billion.
The share was estimated at $420, adding that financing the deal has been secured, for the US Securities Commission to investigate these allegations, bearing in mind that Elon Musk did not provide evidence that he had already secured the funds for the financing as he claimed. Some analysts indicated that Elon Musk made this step in order to amplify the Tesla stock price artificially, and by that, he violated Federal securities laws, leading the company's shares to drop by 13% in one day after the news, to close at $268 level, compared to opening at $307.
Investors have always been a nuisance to Mask, who often used Twitter to criticize them. Returning to the beginning of stock transactions Tesla in 2019, we see that the first half of this year represents the worst performance of stocks. We witnessed a decline in the stock from the $360 level, down to $180 in May of this year, and then the stock turned again after a positive news about the company's business results in the second quarter of this year, as the company profits reach $342 million. This drove the stock to achieve significant gains and demand by investors, to see yesterday, Monday, the price of Tesla shares reaching $422 level, which is the highest level ever.
In a related context, Elon Musk owns 22% of the shares of Tesla, so the wealth of the American billionaire increased by one billion dollars in one week last November, after announcing the increase in the company's profits in the third quarter of this year, making Musk’s reaching $ 22.9 billion, to become at the 21st position on the list of the 400 richest men in the world according to the Forbes rating, pushing the market value of Tesla above 60 billion dollars. Elon Musk is the CEO and Product Engineer of Tesla; as well as the founder, Executive President and CTO of SpaceX and THE President of SolarCity.