Tesla, Inc. (TSLA)

$251.34 12.14 (5.08%)
14:07 EDT TSLA Stock Quote Delayed 30 Minutes

Tesla’s China ‘Recall’ Isn’t About Safety. It’s a Turf War.

By Joanna Makris, Head of Equity Research, Boardroom Alpha
The recent Tesla recall in China is less about safety and more about a war for market dominance. Here’s how it might affect TSLA stock.

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Market Cap 796.63B
PE Ratio 80.05
EPS 3.14
Volume (Avg. Vol.) 72.92M
Day's Range $243.75 - $252.23
52-Week Range $138.80 - $278.98
Dividend & Yield N/A (N/A)

Engineers Martin Eberhard and Marc Tarpenning founded Tesla in 2003 before turning the company over to current CEO Elon Musk. Tesla produced its first electric vehicle (EV), the Roadster, in 2008. Since then, the company has gone on to define the EV industry and reach a market capitalization above $500 billion. Current models include the new Cybertruck, Model S, Model 3, Model X and Model Y. Tesla also has its hands in related efforts like battery development, vehicle charging, solar energy and self-driving technology. Investors often consider Tesla to be a company straddling the line between the automotive and technology industries, given its futuristic pursuits.