The American car market is filled with established manufacturers like Ford (F), Honda (HMC), and Chevrolet (GM). However, one company stands out from the mix: electric car maker Tesla Motors (TSLA). Tesla and its CEO, Elon Musk, gained fame in 2012 when they launched their flagship car, the Model S.
Tesla's launch established it as one of the few successful independent vehicle manufacturers and a leader in the electric car market. Notably, it became a hit among auto buyers. The Model S, an appealing luxury sedan starting at $74,990, was rated as the best in its class for safety by Euro NCAP.
When the Model S premiered in 2012, the automotive press praised it, bringing Tesla into the spotlight. In 2013, the electric plug-in car received an almost perfect score of 99 out of 100 from Consumer Reports, which described it as having "the highest score in our ratings."
By September 2014, the car set a new sales record in the U.S., selling 2,500 units in a single month. In the first quarter of 2015, Tesla reached a new milestone by selling 10,030 cars.
Today, it is considered a dominant force within the electric car stratosphere. As of January 3, 2025, the company's market capitalization stood at $1.3 trillion.
Tesla Inc
