Aug 18, 2023
 in 
Opportunities

Tesla As An Investment? The Stock Everyone’s Talking About With Nemo AI

O

ur Nemo AI hosts hundreds of investment-related chats each month. And we were curious to see what kinds of questions you’re asking, so we went digging in the data.

It turns out, around 18% of those conversations have one topic in common - Tesla!  

Clearly Tesla is a company with a lot of interest and, most especially, as an investment opportunity.  

The top 10 questions Nemo AI has fielded about Tesla are variations of the following:  

  1. What's the price of Tesla?
  2. Should I buy Tesla?
  3. How can I predict Tesla stock price move?
  4. What is the current tesla stock price?
  5. Compare Ford to Tesla.
  6. Tesla stocks highest price for the last 10 years.
  7. Where can I buy shares of Tesla?
  8. How do I buy Tesla on Nemo?
  9. Is Tesla a good investment for someone with a low-risk appetite?
  10. How can I make profit in Tesla investment?

Considering the interest in Tesla, we thought it would be an idea to do a spotlight piece on Tesla.

No, no, not that one …  

Tesla, the technology company, leading the charge (if you’ll excuse the pun) on electric vehicles and clean energy solutions.  

Yes, that’s better!  

So, what’s the tea on Tesla?  

In a naming hat-tip to pioneering inventor and electrical engineer, Nikola Tesla, Tesla Motors Inc. was founded in July 2003 by Martin Eberhard and Marc Tarpenning. Ian Wright was next to join the fold a few months later.  

In February 2004, after investing a mammoth $6.5 million, Elon Musk took the seat of chairman of the board of directors and the largest shareholder of Tesla. Jeffrey Brian Straubel joined as chief technical officer in May 2004.  

After taking an active role in product design and development, Elon Musk led and co-led several massively successful investment rounds for the business. In August 2007, he successfully spearheaded a move to see then-incumbent CEO, Eberhard, step down and eventually leave the business, together with Tarpenning, in January 2008.  

A heated lawsuit in 2009, initiated by ousted CEO, Eberhard, culminated in all five – Eberhard, Tarpenning, Wright, Musk and Straubel – being able to legally claim co-founding status.

Musk took on the CEO position in October 2008 and pumped a further $70 million of his personal funds into the business, while continuing to raise impressive investment capital.

Tesla’s innovative offerings  

Tesla is widely recognised for its groundbreaking efforts in the electric vehicle industry, making significant contributions of popularising electric vehicles (EVs). But over the years, the business has grown to be a conglomerate of sustainability, renaming to Tesla Inc. in 2017, as a mark of broader focus and an expansion beyond motorcar manufacture.    

With that in mind, here’s a list of some of the most notable inventions, products and services on offer from Tesla today.

1. Tesla’s range of electric vehicles  

Tesla Roadster

  • Introduced in 2008, the zippy sports car was Tesla's first production car and one of the first all-electric vehicles cleared legal for highway driving. Produced until 2012, the first-generation model had a top speed of around 200 km/h and a single charge range just shy of 400km. An overhauled second-generation model, said to be out in 2024, has claimed doubled performance with a 400km/h top end and 1000km range on a single charge at highway speeds. And a doubled price tag to boot – on order for $200,000.    

Model S

  • An all-electric five-door luxury sedan, launched in 2012, gained popularity for its long-range capability of 650km and impressive road handling performance, thanks to being the self-proclaimed ‘most aerodynamic production car on Earth’. The Model S was the top selling EV globally in 2015 and 2016.  

Model X

  • Introduced in 2015, this all-electric crossover SUV is famous for its unique falcon-wing doors, opening vertically. It features a panoramic windshield and seating for up to seven, with exceptional entertainment and comfort features. Designed for adventurers and travel enthusiasts, the Model X boasts ample packing capacity, 2.5 tons of towing capacity, built-in trailer hitch (tow bar), approximately 530km range and access to the most powerful, fastest charging stations.  

Model 3

  • Tesla's more affordable all-electric sedan, launched in 2017, aimed at a broader consumer base to accelerate the transition to sustainable energy. And it worked! The Model 3 broke sales records for EVs in 2020, eclipsing Nissan’s LEAF, and ranked as the world's bestselling electric car from 2018 to 2021. The massive surge in sales directly contributed to Tesla hitting a production milestone of 1 million vehicles manufactured in June 2021.

Model Y

  • A compact all-electric SUV, unveiled in 2020, sharing many components with the Model 3. Designed as a utility vehicle, the Model Y is a 7-seater comprised of up to 3 rows of seating, plenty of luggage space, and, like the Model X, has a single charge range of around 525km.  

Tesla Semi

  • An all-electric class 8 semi-trailer truck announced in 2017, with production currently limited to around 5 units per week. PepsiCo was the first corporate to have taken delivery of a fleet of 21 Semis in December 2022. To date, most are being used within 160km of their Sacramento depot, with only 3 earmarked for long-haul trips. Volume manufacture of the Semi, labelled as ‘the future of trucking’, isn’t expected to begin before 2024.

Cybertruck

  • A futuristic all-electric pickup truck, announced in 2019. Production estimations are a bit unclear, as delays have already come into play, but it looks like the Cybertruck may be on the roads in 2024. According to Musk, Cybertruck was inspired by the 1982 sci-fi box hit, Blade Runner, which is clear in its unconventional design of thick stainless-steel exoskeleton of sharp lines and ‘bulletproof’ glass. The pickup comes equipped with self-levelling suspension, an air compressor for powering pneumatic tools, and a motorised roller shutter cover for the 2m long truck bed, referred to as the ‘vault’.

2. Autonomous Driving

Tesla has been a leader in developing autonomous driving technology. Vehicles come equipped with Autopilot, a range of advanced driver-assistance features at three tiered levels.  

Autopilot  

  • Traffic-aware cruise control: Matches speed to surrounding traffic.
  • Autosteer: Assists in steering within a clearly marked lane.

Enhanced Autopilot

All features of Autopilot, plus:  

  • Navigate on autopilot: Actively guides your car from a highway’s on-ramp to off-ramp, including suggesting lane changes, navigating interchanges, using indicators, and taking the correct exit.
  • Auto lane change: Assists in moving to the next lane on the highway when Autosteer is enabled.
  • Autopark: Single touch parallel or perpendicular parking.
  • Summon: Moves your car in and out of a tight space using the mobile app or key.
  • Smart Summon: Your car will navigate more complex environments and parking spaces, manoeuvring around objects as necessary to come find you in a parking lot.

Full Self-Driving Capability

All Autopilot and Enhanced Autopilot features, as well as:  

  • Traffic and stop sign control (In Beta): Identifies stop signs and traffic lights and automatically slows your car to a stop on approach, with your active supervision.
  • Upcoming: Autosteer on city streets.

It should be emphasised that no car is capable of full self-driving functionality (yet!) and even when using Autopilot functions, drivers must still be alert, aware of surroundings and be ready to take manual action at any moment. In other words, not this lady:  

Tesla is, of course, working towards effortless driving by making vehicles fully autonomous in the future.  

3. Supercharger network

Tesla owns and operates the largest fast-charging network in the world, with more than 45,000 Supercharger stations globally. Superchargers are high-power stations that allow Tesla owners to charge their vehicles, with up to 320km being added in only 15 minutes. Supercharger stations are strategically located on major routes and near convenient amenities to cater for longer journeys, making EVs more practical, cost-effective, and appealing for long trips.

4. Tesla’s energy products

Beyond electric vehicles, Tesla is a big player in the movement to sustainable energy and clean, green energy products. Offerings currently include:  

Solar Energy

  • Tesla acquired SolarCity in 2016, and since then, it has offered solar panels and solar roof tiles for residential and commercial use, allowing consumers to generate their electricity from sunlight.

Energy Storage

  • Tesla's Powerwall is a home battery system that stores excess solar energy, or off-peak grid power, for use during high-demand periods or power outages.

Megapack

  • A large-scale energy storage solution primarily designed for utility-scale projects like power grids and renewable energy integration.

5. Tesla’s gigafactories

Tesla operates several large-scale manufacturing facilities known as gigafactories. These factories produce batteries, powertrains, and/or complete vehicles. The concept of gigafactories came about with the idea of housing multiple manufacturing lines (components) within one plant, to boost economies of scale, increase efficiency, and reduce supply chain issues.  

The gigafactories are in Nevada, California, New York and Texas (United States), Shanghai (China), and Berlin (Germany). In May, Tesla confirmed plans for a new Gigafactory in Monterrey (Mexico) at a cost of $10 billion, it’s most expensive to date.  

At the company’s annual meeting in 2022, Musk stated they’d be looking at building 10 to 12 gigafactories to support the ambition of manufacturing as many as 20 million EVs per year.  

Tesla as an investment opportunity

Many of the questions fielded by Nemo AI related to the price of Tesla stock and the sentiment around Tesla as an investment opportunity. While Nemo AI can provide stock prices at the time of the conversation, naturally, those values would quickly date if we had to do the same here. Instead, we’ll point you to where you’ll find this information readily available and updated on Nemo when you need it.  

Tesla on Nemo

Tesla stock  

An overview of Tesla (TSLA), including stock price and performance. Here you’ll also find:

  • Analyst Recommendation: An expert sentiment on whether to buy, hold or sell the stock.  
  • Analyst Forecast: An indication of the potential performance over the next 12 months.  
  • Financials: A snapshot of some of the important numbers to look at for investing, for example, market cap, price-to-earnings (P/E), and earnings per share (EPS).

See Tesla on Nemo    

You can also find other investor-orientated information, such as earnings reports, on the Tesla Investor Relations page on their website.

Nemes featuring Tesla  

Being a well-known and popular company, not to mention highly specialised, means that Tesla features on a fair few of our nemes.  

So, will you invest in Tesla? If you do, please pop over to our X (Twitter) and give us a shout out.

"I just invested in $TSLA 🚗using @nemoglobal and it was SO easy! 💰 Check it out at https://nemo.money/. #TSLA #investing"