Austin, Texas-based Tesla, Inc. (TSLA) designs, develops, manufactures, leases, and sells electric vehicles and energy generation and storage systems in the United States and internationally. The company has a market cap of $1.4 trillion, operates in two segments, Automotive and Energy Generation and Storage, and offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty maintenance services and collision, automotive insurance services, and more.
Companies with a market cap of $200 billion or more are typically referred to as “mega-cap stocks.” TSLA fits perfectly into that category, with its market cap exceeding this threshold and reflecting its substantial size and influence in the auto manufacturers industry.