Tesla Motors is the second oldest publicly listed American automobile after Ford. Although GM went bankrupt, its stock is only four months younger than TSLA. Also, Chrysler wasn’t listed because they went bankrupt; however, they are still a private company.Tesla Motors’ stock is the third most shorted on American stock exchanges; about 52.9% of shares of float. Historically speaking, it has always been this high, i.e., moved from $19 (IPO Price) to $34.78. This implies that it has made gains of about 81% since it opened it is currently at $39.95 Tesla Motors is based in Silicon Valley in California, quite far away from Detroit, Michigan.
Although this is quite unbelievable because Tesla does not have access to the same resources as Detroit based corporations do yet, Tesla still strives to do everything differently, and of course, over the years, they have been producing outstandingly. In addition, the success of Tesla isn’t just in its name, but also the brains behind the desk and hands behind the workshop. Employees of this company are also one of the major factors behind their success.