NASDAQ Congratulates Tesla and Austin Texas in Times Square on New Gigafactory

Aug 25, 2020

By Vincent Y

"To accelerate the world’s transition to sustainable energy"

This sentence is familiar to a lot of us, especially for Tesla owners and investors. That's right, this is Tesla Inc's mission statement.

Tesla Inc. is not only an American electric vehicle and clean energy company, but also leads in cutting edge software technology. The company was founded in 2003 by a group of engineers who wanted to prove that people didn’t need to compromise to drive electric – that electric vehicles can be better, quicker and more fun to drive than gasoline cars.

Tesla stock (NASDAQ: TSLA) went public at just $17 back on June 29, 2010. In the following 10 years, Tesla Inc became the world’s most valuable automaker with over a $377B market cap.

Tesla started to deliver Model S in 2012, and its fleet and growth of ownership has skyrocketed ever since.

Vehicle deliveries by year:

2012: 2,650

2013: 22,477

2014: 31,655

2015: 50,580

2016: 76,295

2017: 103,097

2018: 245,240

2019: 367,500

2020: 500,000 (Estimated)

Recently, on the NASDAQ Times Square Display, a message of "NASDAQ CONGRATULATES TESLA INC AND AUSTIN TEXAS ON NEWS OF THE GIGAFACTORY" TSLA Nasdaq Listed

Giga Texas! pic.twitter.com/RwklNwncLn
— Omead Afshar (@omead_a) August 26, 2020

During the Q2 2020 Earnings Call, Tesla CEO Elon Musk confirmed that a new gigafactory for manufacturing Semi, Cybertruck, and Model Y will be built near Austin, Texas.

The site covers approximately 2,000 acres and is located just five minutes from the airport and approximately 15 minutes from downtown Austin, near the Colorado River. He said the factory would become an ecological paradise and open to the public.

“It will be stunning. It's right by the Colorado River. It will have a boardwalk… It will be an ecological paradise. It will be open to the public as well.” says Elon Musk.

With multiple gigafactories simultaneously under construction, Tesla means business. The company has record-shattering vehicles with next-level software and game-changing solar products that energize your life. And on September 22, during Battery Day, we soon will likely learn of its mind-blowing strides in battery development.

Tesla has set itself up well for success in its mission to catalyze the world’s clean energy transition. And now, with NASDAQ’s recent congratulations as an example, mainstream recognition continues to grow markedly. As the company approaches a $400B market cap, is less than a weak from its first stock split, and S&P inclusion is believed imminent, what’s next for the emerging tech and manufacturing juggernaut?

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Article edited by @SmokeyShorts, you can follow him on Twitter