Tesla monthly share price on the Nasdaq stock exchange 2010-2024
The price of Tesla shares traded on the Nasdaq stock exchange remained rather stable between July 2010 and January 2020. With the beginning of 2020, the price of Tesla share increased dramatically and reached its peak in November 2021, at 381.59 U.S. dollars per share. Since then, the price of Tesla share fluctuated significantly and stood at 197.88 U.S. dollars as of the end of June 2024.
Why did Tesla's stock value go up in 2020?
Despite the effects of the pandemic, Tesla share prices experienced a massive increase in 2020. Tesla kept increasing its output levels throughout the year, except for the second quarter, and released its new vehicle Tesla Model Y. Additionally, when the company was added to the S&P 500 index in August 2020, it instilled further trust in investors. In 2020, Tesla was the top-performing stock on the S&P 500 index, and two years later, in 2022, it ranked fifth among the largest companies on the index by market capitalization.
Steady growth in the last decade
Founded in 2003, Tesla primarily focuses on designing and producing electric vehicles, as well as energy generation and storage systems. Since then, Tesla's revenue has steadily increased, reaching nearly 96.8 million U.S. dollars in 2023 (272120). Most of the revenue came from automotive sales (314741) in 2022. Tesla's first electric car, the Roadster, was sold between 2008 and 2012. Currently, the company offers four primary electric vehicles: Model 3, Model Y, Model S, and Model X.
