The electric car market and its foremost automaker have enormous potential—but investors are unclear when it will finally be realized. Tesla delivered a record 97,000 new cars in the third quarter of 2019, but analysts remain doubtful that the company will be able to turn an annual profit this year (something it has never done since it was founded in 2003). China’s expanding electric vehicle market could hold the key going forward with Tesla’s third Gigafactory under construction in Shanghai. In the meantime, CEO Elon Musk will look to repair his relationship with the SEC following last year’s investigations. That might help plug the leak of C-suite executive departures.
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Company Information
Overall Score | 2.8 |
Sector | Consumer Discretionary |
Industry | Automobiles |
CEO | Elon Musk |
Website | https://www.tesla.com |
HQ Location | Palo Alto, Calif. |
Country | U.S. |
Revenues ($M) (Past 12 Months) | $24,941 |
Profits ($M) (Past 12 Months) | $-659 |
Market Value as of Oct. 9, 2019 ($M) | $43,802 |
Employees | 48,817 |
Refinitiv Sustainable Leadership Monitor
The Sustainable Leadership Monitor is independent and separate from BCG and the Future 50.