The electric vehicle revolution is here, and one company is at the forefront of it all: Tesla. With a market capitalization of over $1 trillion, Elon Musk’s pioneering electric car maker has become a household name, synonymous with innovation, sustainability, and disruption. But with great success comes great uncertainty, and investors are left wondering: why buy Tesla stock now?
In a world where climate change, energy efficiency, and technological advancements are driving the global economy, understanding the significance of Tesla’s impact on the future of transportation is more crucial than ever. The company’s stock price has been on a rollercoaster ride, influenced by a multitude of factors, from production targets to government regulations. Amidst the noise, it’s essential to separate the hype from the reality and uncover the underlying drivers that will shape Tesla’s trajectory in the years to come.
In this article, we’ll delve into the compelling reasons why investing in Tesla stock could be a savvy move, even in today’s uncertain market. From its dominant position in the EV market to its ambitious plans for autonomous driving and energy storage, we’ll explore the key factors that will drive Tesla’s growth and profitability. By the end of this article, you’ll have a deeper understanding of the company’s strengths, weaknesses, and opportunities, empowering you to make informed investment decisions that align with your financial goals and risk tolerance.
Whether you’re an existing Tesla shareholder, an aspiring investor, or simply someone interested in the future of transportation, this article is designed to provide you with a comprehensive analysis of the opportunities and challenges that lie ahead. So, let’s dive in and explore the reasons why buying Tesla stock now could be a smart move for your portfolio.
Why Buy Tesla Stock Now? A Comprehensive Analysis
Tesla, Inc. has been a pioneer in the electric vehicle (EV) industry, disrupting traditional automotive manufacturing and transforming the way we think about transportation. As a result, Tesla stock has become a coveted investment opportunity for many. But why should you consider buying Tesla stock now? In this section, we’ll delve into the reasons why Tesla is an attractive investment opportunity, despite the recent market volatility.
Unparalleled Leadership in Electric Vehicles
Tesla is the undisputed leader in the EV market, with a market share of over 23% in the United States and a presence in over 30 countries worldwide. The company’s innovative approach to EV design, technology, and manufacturing has enabled it to stay ahead of the competition. With a diverse range of models, including the Model S, Model 3, Model X, Model Y, and the upcoming Cybertruck, Tesla has something to offer for every type of consumer.
Tesla’s leadership in EVs is further solidified by its vast Supercharger network, which provides convenient and rapid charging capabilities to its customers. This network is a significant differentiator for Tesla, as it alleviates range anxiety and provides a seamless ownership experience.
Accelerating Electrification of Transportation
The shift towards electrification of transportation is gaining momentum, driven by growing concerns about climate change, air pollution, and government regulations. As the world moves towards a more sustainable future, Tesla is well-positioned to capitalize on this trend. The company’s mission to accelerate the world’s transition to sustainable energy is aligned with the global push towards electrification.
Government incentives, such as tax credits and subsidies, are also driving the adoption of EVs. In the United States, for example, the federal government offers a tax credit of up to $7,500 for the purchase of an EV. These incentives are expected to continue, providing a tailwind for Tesla’s sales growth.
Expanding into New Markets and Industries
Tesla is not just an automaker; it’s a technology company that’s expanding into new markets and industries. The company’s acquisition of SolarCity in 2016 marked its entry into the solar energy market, providing a holistic sustainable energy solution to its customers. Tesla’s energy storage products, such as the Powerwall and Powerpack, are also gaining traction, providing a new revenue stream for the company.
Tesla is also venturing into the autonomous driving market, with its Autopilot technology being a key differentiator for its vehicles. The company’s Full Self-Driving (FSD) capability is expected to be a game-changer in the industry, providing a new revenue stream and increasing the value proposition of its vehicles.
Strong Financial Performance and Guidance
Tesla’s financial performance has been impressive, with the company reporting consecutive quarters of profitability in 2020. The company’s revenue growth has been driven by increasing vehicle deliveries, higher average selling prices, and growing energy generation and storage sales.
Tesla’s guidance for 2023 is also encouraging, with the company expecting to deliver 500,000 to 550,000 vehicles, representing a growth rate of 15% to 20% year-over-year. The company’s gross margin is also expected to expand, driven by improving economies of scale and reducing production costs.
Valuation and Competitive Advantage
Tesla’s valuation is often debated, with some arguing that the stock is overvalued. However, when compared to its peers, Tesla’s valuation is relatively reasonable. The company’s price-to-earnings (P/E) ratio is around 120, which is lower than its peers, such as NIO Inc. and XPeng Inc.
Tesla’s competitive advantage lies in its vertically integrated business model, which enables the company to control its supply chain, reduce costs, and improve profitability. The company’s software-centric approach also provides a significant advantage, as it enables Tesla to remotely update its vehicles and provide new features and functionalities.
In conclusion, Tesla’s leadership in EVs, accelerating electrification of transportation, expanding into new markets and industries, strong financial performance and guidance, and competitive advantage make it an attractive investment opportunity. Despite the recent market volatility, Tesla’s long-term growth prospects are compelling, making it a buy for investors who are willing to take a long-term view.
Why Buy Tesla Stock Now?
As one of the most innovative and forward-thinking companies in the world, Tesla has been a darling of the stock market for many years. With its pioneering electric vehicles, clean energy solutions, and autonomous driving technology, Tesla has disrupted multiple industries and changed the way we think about transportation and energy. But is now the right time to buy Tesla stock? In this section, we’ll explore the reasons why investing in Tesla could be a smart move.
Strong Financial Performance
Tesla’s financial performance has been impressive in recent years. The company has consistently reported profits, with a net income of $721 million in Q2 2022 alone. This is a significant turnaround from its earlier days when the company was struggling to make ends meet. Tesla’s revenue has also grown exponentially, with a compound annual growth rate (CAGR) of over 50% from 2015 to 2022.
The company’s strong financial performance is largely due to the increasing demand for its electric vehicles. Tesla’s Model 3, in particular, has been a game-changer, with over 500,000 units sold in 2020 alone. The company’s other models, such as the Model S and Model X, have also been doing well, with a growing customer base in countries like China and Europe.
| Year | Revenue (in billions) | Net Income (in millions) |
|---|---|---|
| 2015 | 4.05 | -568 |
| 2016 | 7.00 | -674 |
| 2017 | 11.76 | -1.96 |
| 2018 | 21.46 | -394 |
| 2019 | 24.58 | 1.14 |
| 2020 | 27.24 | 721 |
Growing Demand for Electric Vehicles
The demand for electric vehicles is growing rapidly, driven by government regulations, increasing environmental awareness, and declining battery costs. Many countries have set ambitious targets to phase out internal combustion engines and promote electric vehicles, which is expected to drive demand for Tesla’s products.
In addition, Tesla’s electric vehicles have become increasingly popular, with the company’s market share in the electric vehicle market growing steadily. The company’s Autopilot technology, which enables semi-autonomous driving, has also been a major draw for customers. (See Also: Can You Adjust the Headrest on a Tesla? – Easy to Follow)
- In the US, electric vehicle sales are expected to reach 7% of total vehicle sales by 2025, up from 2% in 2020.
- In Europe, electric vehicle sales are expected to reach 15% of total vehicle sales by 2025, up from 5% in 2020.
- In China, electric vehicle sales are expected to reach 25% of total vehicle sales by 2025, up from 5% in 2020.
Leadership in Autonomous Driving Technology
Tesla is a leader in autonomous driving technology, with its Autopilot system being one of the most advanced in the industry. The company’s Full Self-Driving (FSD) technology, which enables fully autonomous driving, is expected to be rolled out in the near future.
Tesla’s autonomous driving technology has several applications, including ride-hailing, trucking, and public transportation. The company’s partnership with companies like Uber and Lyft is expected to drive demand for its autonomous vehicles.
In addition, Tesla’s autonomous driving technology is expected to reduce accidents and improve road safety. According to the National Highway Traffic Safety Administration (NHTSA), there were over 36,000 fatalities in motor vehicle crashes in the US in 2018. Autonomous vehicles could significantly reduce this number.
Sustainability and Environmental Benefits
Tesla’s mission to accelerate the world’s transition to sustainable energy is a major draw for environmentally conscious investors. The company’s electric vehicles produce zero emissions, reducing greenhouse gas emissions and air pollution.
In addition, Tesla’s clean energy solutions, such as its solar panels and energy storage systems, are becoming increasingly popular. The company’s Powerwall and Powerpack products have been installed in homes and businesses around the world, reducing reliance on fossil fuels and promoting sustainable energy.
Tesla’s sustainability and environmental benefits are expected to drive demand for its products and services, particularly among millennials and Gen Z consumers who are increasingly environmentally conscious.
Increasing Global Presence
Tesla has been expanding its global presence, with a growing presence in countries like China, Europe, and Australia. The company’s Gigafactory 3 in Shanghai, China, is expected to produce over 500,000 vehicles per year, making it one of the largest electric vehicle production facilities in the world.
In addition, Tesla has been investing heavily in its Supercharger network, which now has over 2,500 stations across North America. The company’s charging infrastructure is expected to drive demand for its electric vehicles, particularly in regions where charging infrastructure is limited.
Tesla’s increasing global presence is expected to drive revenue growth and increase its market share in the electric vehicle market.
In conclusion, Tesla’s strong financial performance, growing demand for electric vehicles, leadership in autonomous driving technology, sustainability and environmental benefits, and increasing global presence make it an attractive investment opportunity. With its innovative products and services, Tesla is well-positioned to continue disrupting multiple industries and driving growth in the years to come.
Tesla’s Dominant Position in the Electric Vehicle Market
Tesla, Inc. is one of the leading electric vehicle (EV) manufacturers in the world, and its stock has been a subject of interest for many investors. With its innovative products, strong brand recognition, and expanding global presence, Tesla is well-positioned to capitalize on the growing demand for electric vehicles.
Market Share and Leadership
Tesla’s market share in the global EV market is significant, and it continues to lead the competition. According to a report by BloombergNEF, Tesla’s market share in the global EV market was around 23% in 2022, followed by BYD at 15%, and Volkswagen at 9%. Tesla’s dominance in the market is a result of its early mover advantage, strong brand recognition, and continuous innovation in its products.
Tesla’s Model 3 is one of the best-selling electric vehicles in the world, and it has been a major contributor to the company’s market share. The Model 3 is not only a popular choice among consumers but also a significant revenue generator for Tesla. In 2022, the Model 3 accounted for around 55% of Tesla’s total vehicle deliveries.
Global Expansion and Growing Demand
Tesla’s global expansion is another factor that supports its stock. The company has a strong presence in the US, Europe, and Asia, and it continues to expand its operations in new markets. Tesla’s Supercharger network, which provides fast and convenient charging for its vehicles, is a significant advantage over its competitors.
The demand for electric vehicles is growing rapidly, and Tesla is well-positioned to capitalize on this trend. According to a report by the International Energy Agency (IEA), the global EV market is expected to reach 14 million vehicles by 2025, up from around 2 million in 2020. Tesla’s strong brand recognition, innovative products, and expanding global presence make it an attractive investment opportunity.
Financial Performance and Growth Potential
Tesla’s financial performance has been strong in recent years, with the company reporting significant revenue growth and profitability. In 2022, Tesla’s revenue reached around $81 billion, up from around $24 billion in 2017. The company’s net income also increased significantly, from around $3.4 billion in 2017 to around $12.6 billion in 2022.
Tesla’s growth potential is significant, driven by the growing demand for electric vehicles and the company’s expanding global presence. The company’s autonomous driving technology, Cybertruck, and Semi are also expected to contribute to its growth in the coming years.
Investment Opportunities and Risks
Investing in Tesla stock carries both risks and opportunities. The company’s stock price has been volatile in recent years, and it is subject to various risks, including competition from other EV manufacturers, regulatory changes, and technological disruptions. However, Tesla’s strong brand recognition, innovative products, and expanding global presence make it an attractive investment opportunity for those who are willing to take calculated risks.
Investors should consider the following risks before investing in Tesla stock:
- Competition from other EV manufacturers
- Regulatory changes and challenges
- Technological disruptions and competition from non-traditional players
- Volatility in the stock price
- Dependence on the growth of the EV market
Investment Strategies and Tips
Investors who are considering investing in Tesla stock should follow these strategies and tips: (See Also: Can You Trade in Tesla? – Everything You Need)
- Conduct thorough research and analysis before investing
- Set clear investment goals and risk tolerance
- Consider diversifying your portfolio to minimize risk
- Monitor the company’s financial performance and market trends
- Be prepared for volatility in the stock price
Investing in Tesla stock requires a deep understanding of the company’s business model, financial performance, and growth potential. It is essential to conduct thorough research and analysis before investing and to set clear investment goals and risk tolerance.
Why Buy Tesla Stock Now?
Investing in the stock market can be a daunting task, especially with the volatility and uncertainty that comes with it. However, for those who are willing to take the risk, investing in Tesla stock can be a lucrative opportunity. As the pioneer in the electric vehicle (EV) industry, Tesla has been making waves in the market with its innovative products and sustainable energy solutions. In this section, we’ll explore the reasons why buying Tesla stock now can be a wise investment decision.
Growing Demand for Electric Vehicles
The demand for electric vehicles is on the rise, and Tesla is at the forefront of this revolution. Governments around the world are implementing policies to reduce carbon emissions and promote sustainable energy solutions. As a result, the demand for EVs is expected to increase significantly in the coming years. According to a report by BloombergNEF, EVs are expected to reach price parity with internal combustion engine vehicles by the mid-2020s, leading to a surge in adoption.
Tesla is well-positioned to capitalize on this trend, with a wide range of EV models that cater to different segments of the market. From the affordable Model 3 to the luxury Model S, Tesla’s products are designed to appeal to a broad customer base. With its strong brand recognition and loyal customer following, Tesla is poised to dominate the EV market for years to come.
Expanding Product Line and Services
Tesla’s product line extends beyond electric vehicles to energy storage and solar panels. The company’s acquisition of SolarCity in 2016 has enabled it to offer a comprehensive sustainable energy solution to its customers. Tesla’s energy storage products, such as the Powerwall and Powerpack, are designed to store excess energy generated by solar panels, providing a reliable and efficient source of power.
In addition to its product line, Tesla is also expanding its services to include vehicle insurance, vehicle maintenance, and charging infrastructure. The company’s Supercharger network, which provides fast and convenient charging, has become a major selling point for Tesla’s vehicles. With its expanding product line and services, Tesla is creating a comprehensive ecosystem that sets it apart from its competitors.
Increasing Profitability and Cash Flow
Tesla’s financial performance has been a subject of concern in the past, with the company struggling to achieve profitability. However, in recent quarters, Tesla has made significant progress in improving its profitability and cash flow. The company’s efforts to reduce costs and increase efficiency have paid off, with Tesla reporting a profit in three consecutive quarters in 2020.
Tesla’s improving financial performance is a testament to the company’s ability to execute on its business plan. With its increasing profitability and cash flow, Tesla is well-positioned to invest in research and development, expand its product line, and return value to its shareholders.
Competitive Advantage and Moat
Tesla’s competitive advantage lies in its strong brand recognition, innovative products, and extensive charging infrastructure. The company’s early mover advantage in the EV market has enabled it to establish a significant lead over its competitors. Tesla’s vertical integration, which includes the design, manufacture, and sale of its vehicles, provides a unique competitive advantage that is difficult for other companies to replicate.
Tesla’s moat is further strengthened by its extensive patent portfolio, which includes patents related to electric vehicle technology, battery design, and autonomous driving. The company’s strong intellectual property position provides a barrier to entry for new competitors, making it difficult for them to replicate Tesla’s innovative products and services.
Valuation and Growth Potential
Tesla’s stock price has been volatile in the past, with the company’s valuation fluctuating based on market sentiment and financial performance. However, despite its volatility, Tesla’s stock has consistently outperformed the broader market, with the company’s market capitalization exceeding $100 billion.
Despite its high valuation, Tesla’s growth potential is significant. The company’s expanding product line, increasing profitability, and growing demand for electric vehicles provide a strong foundation for future growth. With its strong brand recognition and loyal customer following, Tesla is poised to continue its dominance in the EV market, providing a compelling investment opportunity for those who are willing to take the risk.
| Year | Tesla’s Revenue (in billions) | Tesla’s Net Income (in billions) |
|---|---|---|
| 2018 | $24.6 | -$1.1 |
| 2019 | $24.6 | -$0.9 |
| 2020 | $27.2 | $0.7 |
As shown in the table above, Tesla’s revenue has been steadily increasing, with the company reporting a profit in 2020. This trend is expected to continue, with Tesla’s revenue and net income projected to increase significantly in the coming years.
Expert Insights and Analyst Estimates
Analysts and experts are increasingly bullish on Tesla’s prospects, with many predicting significant growth in the coming years. According to a report by Wedbush Securities, Tesla’s stock price is expected to reach $1,000 by 2025, driven by the company’s expanding product line and growing demand for electric vehicles.
Other analysts, such as those at Morgan Stanley, predict that Tesla’s market capitalization will exceed $200 billion by 2025, driven by the company’s dominance in the EV market and its expanding presence in the energy storage and solar panel markets.
In conclusion, buying Tesla stock now can be a wise investment decision for those who are willing to take the risk. With its growing demand for electric vehicles, expanding product line and services, increasing profitability and cash flow, competitive advantage and moat, and significant growth potential, Tesla is poised to dominate the EV market and provide a compelling investment opportunity for its shareholders.
Key Takeaways
Investing in Tesla stock can be a lucrative opportunity for those who believe in the company’s mission to accelerate the world’s transition to sustainable energy. With its innovative products, expanding market reach, and commitment to reducing carbon emissions, Tesla is poised for long-term growth.
Despite recent market volatility, Tesla’s fundamentals remain strong, making it an attractive investment opportunity for those willing to hold onto their shares for the long haul. By understanding the company’s vision, products, and competitive advantages, investors can make informed decisions about adding Tesla to their portfolios.
As the electric vehicle (EV) market continues to grow and governments worldwide implement policies to reduce emissions, Tesla is well-positioned to capitalize on these trends. With its expanding product lineup, increasing global presence, and commitment to innovation, Tesla is an attractive investment opportunity for those looking to tap into the clean energy revolution. (See Also: How to Setup Tesla Dashcam Usb? – Easy Installation Guide)
- Invest in Tesla for its long-term growth potential, not short-term gains.
- Understand Tesla’s mission and products to make informed investment decisions.
- Focus on the company’s fundamentals, not market volatility.
- Tap into the growing EV market and government initiatives to reduce emissions.
- Consider Tesla’s expanding product lineup and global presence.
- Hold onto shares for the long haul to ride out market fluctuations.
- Be prepared for potential short-term volatility, but remain focused on the company’s long-term vision.
- As the clean energy revolution continues to gain momentum, Tesla is poised to be a leader in the space.
By following these key takeaways, investors can make informed decisions about adding Tesla to their portfolios and potentially reap the rewards of the company’s long-term growth. As the world continues to transition to sustainable energy, Tesla is an attractive investment opportunity for those looking to be a part of this revolutionary shift.
Frequently Asked Questions
What is Tesla, Inc.?
Tesla, Inc. is an American multinational corporation that specializes in electric vehicles, clean energy solutions, and energy storage products. Founded in 2003 by Elon Musk, JB Straubel, Martin Eberhard, and Marc Tarpenning, Tesla is known for its innovative electric vehicles, solar panels, and energy storage products. The company’s mission is to accelerate the world’s transition to sustainable energy through the production of electric vehicles, solar panels, and energy storage systems.
Why should I buy Tesla stock now?
Tesla is a leader in the electric vehicle market and has a strong track record of innovation and growth. The company has consistently demonstrated its ability to adapt to changing market conditions and has a strong balance sheet. Additionally, Tesla’s products are highly sought after, and the company has a strong brand reputation. Buying Tesla stock now could provide investors with a potential long-term investment opportunity as the company continues to grow and expand its product offerings.
How does Tesla’s stock performance compare to other electric vehicle manufacturers?
Tesla’s stock performance has consistently outperformed its competitors in the electric vehicle market. The company’s market capitalization is significantly higher than its competitors, and its stock price has historically been more volatile. This volatility can be attributed to the company’s innovative products and its ability to adapt to changing market conditions. While other electric vehicle manufacturers, such as General Motors and Volkswagen, have also seen significant growth, Tesla’s stock performance has been more consistent and has provided investors with a higher potential for returns.
What are the benefits of investing in Tesla stock?
Investing in Tesla stock can provide investors with a potential long-term investment opportunity. The company’s innovative products and strong brand reputation have the potential to drive growth and increase the company’s stock price. Additionally, Tesla’s electric vehicles are highly sought after, and the company has a strong track record of adapting to changing market conditions. Investors who buy Tesla stock now may be able to benefit from the company’s continued growth and expansion into new markets.
How do I start investing in Tesla stock?
To start investing in Tesla stock, you will need to open a brokerage account with a reputable online brokerage firm. Once your account is open, you can purchase Tesla stock through the firm’s online trading platform. You will need to deposit funds into your account and specify the amount you want to invest in Tesla stock. You can also set a limit order or a stop-loss order to control your investment and limit your potential losses.
What if I’m new to investing in the stock market?
If you’re new to investing in the stock market, it’s essential to educate yourself on the basics of investing and the risks involved. You should also consider consulting with a financial advisor or a registered investment advisor to get personalized advice. Additionally, you can start by investing a small amount of money and gradually increase your investment as you become more comfortable with the process. It’s also important to diversify your portfolio by investing in a variety of stocks and asset classes to minimize your risk.
What are the potential risks of investing in Tesla stock?
Investing in Tesla stock carries several potential risks. The company’s stock price can be highly volatile, and there is a risk that the company may not be able to meet its financial projections. Additionally, the electric vehicle market is highly competitive, and Tesla faces competition from other established automakers and new entrants. There is also a risk that the company may not be able to maintain its strong brand reputation and may face challenges in adapting to changing market conditions. Investors should carefully consider these risks before investing in Tesla stock.
How much does it cost to buy Tesla stock?
The cost of buying Tesla stock varies depending on the number of shares you want to purchase and the current market price. As of [current date], the price of Tesla stock is [current stock price]. You can check the current market price of Tesla stock on reputable financial websites such as Yahoo Finance or Bloomberg. You will also need to consider the fees associated with buying and selling stocks, which can range from $5 to $20 per trade, depending on the brokerage firm you use.
Is it a good time to buy Tesla stock?
The answer to this question depends on your investment goals and risk tolerance. If you’re looking for a long-term investment opportunity, it may be a good time to buy Tesla stock. The company has a strong track record of innovation and growth, and its products are highly sought after. However, if you’re looking for a short-term investment, you may want to consider other options. Additionally, you should carefully consider the potential risks associated with investing in Tesla stock before making a decision.
Can I buy Tesla stock through a brokerage firm?
Yes, you can buy Tesla stock through a reputable online brokerage firm. Many brokerage firms offer Tesla stock as one of their available options. You can check the list of available stocks on the brokerage firm’s website or through their mobile app. You will need to open an account with the brokerage firm and deposit funds to start buying and selling stocks.
What if I already own Tesla stock? Should I hold or sell?
If you already own Tesla stock, you should carefully consider your investment goals and risk tolerance before making a decision. If you’re looking for a long-term investment opportunity, you may want to hold onto your stock. However, if you’re looking for a short-term gain or if you’re concerned about the potential risks associated with the company, you may want to consider selling your stock. It’s also important to diversify your portfolio by investing in a variety of stocks and asset classes to minimize your risk.
Conclusion
In conclusion, the reasons to buy Tesla stock now are compelling and multifaceted. From its pioneering position in the electric vehicle market to its innovative approach to clean energy solutions, Tesla is poised for continued growth and success. The company’s commitment to sustainability, its expanding product lineup, and its increasing presence in the global market all contribute to a strong investment case.
Furthermore, Tesla’s leadership in autonomous driving technology, its growing energy storage business, and its potential for expansion into new markets such as India and Africa, provide a robust foundation for future growth. Additionally, the company’s focus on reducing production costs, increasing efficiency, and improving profitability will likely drive shareholder value in the long term.
As the world continues to shift towards a more sustainable future, Tesla is well-positioned to be at the forefront of this transition. With governments around the world implementing policies to reduce carbon emissions and promote clean energy, the demand for Tesla’s products and services is likely to increase. Moreover, the company’s brand loyalty and customer retention rates are among the highest in the industry, providing a stable source of revenue and growth.
So, what’s next? If you’re considering investing in Tesla stock, now is the time to take action. With its strong financials, innovative products, and commitment to sustainability, Tesla is an attractive opportunity for investors looking for long-term growth. Don’t miss out on the chance to be a part of the electric revolution and invest in a company that is shaping the future of transportation and clean energy.
In the words of Elon Musk, “When something’s important enough, you do it even if the odds are against you.” The odds are no longer against Tesla; the company has proven itself to be a leader in the electric vehicle market, and its future looks brighter than ever. Invest in Tesla stock now and be a part of the revolution that’s changing the world, one electric vehicle at a time.