Tesla makes the Model 3 and became the world's most valuable automaker by market capitalization.
Tesla manufactures electric vehicles including the Model 3, Model Y, Model S, and Model X. The Model 3, introduced in 2017, was designed as a more affordable mass-market sedan than Tesla's earlier vehicles. Tesla also develops battery-storage systems, charging infrastructure, and solar-energy products.
Tesla's market capitalization has often been much higher than that of traditional automakers, reflecting investor expectations about electric-vehicle growth, software, autonomy, and energy businesses. Market-cap rankings can change quickly because share prices move daily. Tesla was originally incorporated as Tesla Motors in 2003 and changed its name to Tesla, Inc. in 2017.