Tesla Motors Inc. is one of the most intriguing public companies globally, it is viewed by many as a high-risk, high-reward company and has been one of the main beneficiaries of the shift to electric vehicles (EV).
Tesla used to have little competition because the EV sector it pioneered had few traditional automakers. That is no longer the case, as electric vehicles from General Motors, Ford, Volkswagen, and Toyota are gaining traction.
Tesla’s CEO, Elon Musk, has an affinity for bitcoin and started investing part of the company’s money into cryptocurrencies. Based on the rise in bitcoin in the first quarter, Tesla’s $1.5 billion investment was valued at $2.48 billion by the end of March 2021.
There are currently nine active class-action lawsuits against Tesla and Musk stemming from Musk’s fraudulent announcement of plans to take the firm private in a tweet in 2018. The tweet was allegedly intended to affect TSLA’s stock price, which would violate federal securities laws.
Tesla’s Model S has a high price tag, priced at $94,990 before any incentives or discounts in November 2021, even with substantial government incentives like tax refunds for alternative technology.Increasing regulatory scrutiny rarely results in the corporation having more money than before the investigation began.