What is Tesla?
Tesla is an electric vehicle company. Tesla makes electric vehicle that have advanced software and hardware. They are one of the companies that makes the most electric vehicle in the world. They also make many clean energy products. They make battery packs for both residential and commercial use. Tesla also is the leader in autonomous driving technology.
Why is Tesla a Blue chip stock?
Tesla is a blue chip stock because of the value and stability of the company. Tesla is a multibillion dollar company. It is valued at $539B as of market close on Friday May 5, 2023. At one point it had a market cap over 1 trillion dollars. Tesla is a leader in the electric vehicle and clean energy industries. Tesla also has the best margins in the vehicle industry. It also has the most efficient way of making car. With its growth rate of over 50% and industry leading margins many investors have high hopes for this stock.
You can get up today information on Tesla at its investor relations page linked below.
