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Tesla (TSLA) is one of the most exciting, and controversial, companies trading on the markets today. The company is listed on the NASDAQ exchange. It has seen a huge run up in price over the past 3 years or so. The current Tesla stock price is listed below.
In 2019, the stock price dipped into the $45 per share range. Then it had a stunning surge in share price to over $1100 per share in 2021. This made a lot of people a good chunk of money. But those who were betting against Tesla by shorting the stock (and there are a lot of them) lost billions.
One of the reasons the company attracts so much attention is the disruptive products it produces. It’s most well-known for its electric cars, being the clear leader in the exploding market for electric vehicles. The company currently sells a line of 4 cars/SUVs worldwide – the Model S, Model 3, Model Y and Model X. It is also soon releasing a Tesla Semi Truck for the trucking industry and the CyberTruck pickup for consumers.
But Tesla sells more than just cars. It is also in the solar energy space. It currently sells the Tesla Powerwall, a battery that can store energy to power homes as well as a solar roof.
Among other projects, the company is also building a humanoid robot. Company founder Elon Musk says this product is the most important one the company is working on. Which, giving the innovative products coming out of Tesla, is definitely saying something.
The Tesla stock price tends to be very volatile, so investing in the company is not for the faint of heart. But if you believe in the long-term prospects of the company, it could be a good investment option for you. If you don’t, then it might be a stock to consider shorting. And, for those who do day trading or swing trading, the volatility may provide some good opportunities for profitable trades.