One often-cited statistic encapsulates the potential of this electric-car pioneer: On multiple occasions over the past two years, Tesla, which delivered about 100,000 vehicles in 2017, enjoyed a higher market value than General Motors, which sold 9.6 million that year. In the most recent quarter, Tesla’s mid-price Model 3 ranked for the first time among the five top-selling sedans in the U.S.—a milestone in founder and CEO Elon Musk’s quest to make electric vehicles ubiquitous and affordable. The question is whether Musk can steer Tesla in a straight line. This fall, the SEC sued him for misleading investors in a Twitter post about taking the company private (one of numerous impolitic Musk tweets). In a settlement, Musk gave up Tesla’s chairmanship. Production problems and executive turnover, meanwhile, have fueled doubts about Tesla’s stability.
|HQ Location||Palo Alto, Calif.|
|Revenues ($M) (Past 12 Months)||$13,684|
|Profits ($M) (Past 12 Months)||$-2,722|
|Market Value as of Oct. 10, 2018 ($M)||$43,822|