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Tesla's historic decade makes it the auto industry's best performer–and it's not even close

A Tesla Model S prototype on the Nurburgring. (Photo: Auto Motor Uund Sport)

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Tesla’s (NASDAQ:TSLA) performance in the stock market has surprised many people. Very few analysts expected a small electric car startup based out of Palo Alto, California to become the highest performing automaker in terms of growth, total return, and shareholder value over the past decade.

Investors who have stuck with Tesla since the electric car maker went public in 2010 have seen their investments rise over 1,100%. Data compiled by Bloomberg showed that the auto industry, in general, has appreciated 158% over the past 10 years.

While Musk is seen as one of the most ridiculed automotive CEOs in the business, his company’s performance speaks for itself. After he was forced by the Securities and Exchange Commission (SEC) to pay a $20 million fine (on top of another $20 million that Tesla had to pay) for a tweet that allegedly “misled stockholders,” he still inspired confidence among Tesla’s investors. This seemed to have paid off for the company’s supporters, as TSLA recently had its shares spike to over $420 apiece.

Tesla’s sharp and consistent growth has given the company a ranking as the third-most valuable car manufacturer in the world with a $78 billion valuation. This figure trails only Volkswagen ($98 billion) and Toyota ($230 billion) among 38 total manufacturers in the world. Tesla is over 30% more valuable than General Motors and over twice as valued as the Ford Motor Company.

The company has also successfully outperformed some of the biggest and most consistent car manufacturers in the world in terms of sales. The Model 3 sedan has become the most popular vehicle in the United States’ luxury segment, beating veterans from Japan and Germany. Since the Model S first went on sale in 2012, Tesla has also seen its sales grow 52x (5200%) while the rest of the automotive sector has only seen a 46% growth.

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In the past six months, TSLA shares saw a rise of 85%. This is so drastic that the company would have been the best performer in the S&P 500 if it was included in the esteemed list. This also allowed Tesla to be the top company among 38 of its peers that are listed in the Bloomberg Intelligence Global Automobile Index.

Despite the undeniable growth from the company, there are still analysts on Wall Street who believe Tesla’s growth is unimpressive and not worth mentioning. Kynikos Associates’ Jim Chanos stated that the electric car maker is still “one of our biggest and our best short positions.” Notorious Tesla short David Einhorn has insisted that the “wheels are falling off” of Tesla.

These shorts continue to believe this despite more than $2 billion worth of losses, particularly as the company has been in a rally since breaking the $400 mark in mid-December. That being said, some shorts have been leaving due to the damages they sustained, causing short-selling to drop around 9.2%, according to Bloomberg Opinion.

Tesla’s continuing growth is undeniable and forecasts suggest the company is not even close to finished. Bloomberg analysts suggest 14% more growth by the end of the year, 21% in 2020 and 18% in 2021. This is compared to an estimated 1%, 4%, and 3% growth for legacy automakers in the same time period.

The growth of the electric car market as a whole this decade is notable, to begin with, but Tesla seems to be responsible for the majority of this. With the carmaker now beginning to produce more than just fast and technologically advanced sedans, it seems another decade of growth is in the cards for the company.

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Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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Neuralink Head of Surgery teases exciting Tesla Optimus update

If successful, the test could result in Neuralink patients accomplishing impressive feats using Optimus.

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Credit: Tesla

Neuralink’s Head of Surgery has teased what could very well be the an incredibly ambitious and insane collaboration with Tesla Optimus, Elon Musk’s humanoid robot that is expected to start initial trial production sometime next year. 

If successful, the test could result in Neuralink patients accomplishing impressive feats using Optimus.

Neuralink’s current trials

Neuralink recently shared a video of Alex, the second human recipient of its Telepathy device. Alex is part of Neuralink’s PRIME study, and he was selected to be the first patient to control a robotic arm using only his mind. As could be seen in the video, Alex is now capable of operating household appliances using a robotic arm that he controls with his mind. 

In response to the video, which was posted by Neuralink co-founder and President DJ Seo, the startup’s Head of Surgery Mechanical Engineering, Danish Hussain, joked that the company is really just helping out people. This was despite critics arguing that Neuralink is some giant evil corporation. “We’re literally just out here helping the homies eat pretzels lol,” the Head of Surgery ME wrote. 

Next steps with Optimus

The Neuralink Head of Surgery ME’s comments caught quite a bit of attention on X, with some, such as Elon Musk, highlighting that Neuralink is actually a pretty small company. Other commenters also asked whether Neuralink would eventually train its patients with Tesla Optimus V2, a humanoid robot. Hussain shared an exciting response: “We’re starting simple, but this will happen very soon!” he wrote in a post on X.

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Having the capability to control an Optimus robot using only the mind would most definitely be a life-changing ability for Neuralink’s patients. Of course, Tesla might wait until Optimus V3 gets rolled out before such a trial might happen, as that is the variant of the humanoid robot that seems to be heading for mass production. Either way, it seems like an age where Optimus robots can be controlled by thoughts using a Neuralink implant may be coming sooner than expected.

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Tesla Supercharger Network is so reliable, it’s pushing Model Y sales

Tesla’s Supercharger network is proving to be a key factor in the company’s dominance in several key markets.

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Credit: Tesla

Tesla’s Supercharger network is proving to be a key factor in the company’s dominance in several key markets. These include Norway, which has become a place of strength for the new Model Y. 

This was hinted at by Tesla’s Director of Charging, Max de Zegher, on social media platform X.

Supercharger network sets the industry standard

As noted by the Tesla executive, the Model Y accounted for 29% of all vehicle sales in Norway in September. Part of the vehicle’s success was likely due to the reliability of the Supercharger Network, which is class leading even in Norway, where 98% of new cars sold are electric.

De Zegher emphasized on X that Tesla Superchargers are still in a class of their own. An EPSI survey of nearly 1,500 Norwegian EV drivers supported his claim, as Tesla Superchargers retained first place in customer satisfaction for the fifth consecutive year. 

The EPSI Survey‘s results

Respondents to the EPSI survey praised the Supercharger network’s strong uptime, abundant capacity, and user-friendly digital solutions, placing it ahead of other operators such as Uno-X. Survey researchers highlighted that Tesla has set the standard when it comes to simplicity in the charging process.

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Drivers also cited competitive pricing and seamless plug-and-charge functionality as major reasons they prefer Tesla’s network, especially in Norway’s extreme winter conditions where reliability is critical.

“Tesla has set the standard for simplicity in the charging process. Combined with competitive prices, this means that many electric car drivers say they are likely to choose Tesla again the next time they need to charge,” EPSI noted in a post.

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Tesla top exec Tom Zhu highlights Elon Musk’s “prime directive” for FSD

Zhu’s comments emphasize Tesla’s uncompromising focus on safety, which has made the company’s vehicles among the safest on the road.

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Credit: Tesla AI/X

Tesla Senior Vice President for Automotive Tom Zhu, a key executive behind the company’s success in China and Giga Texas, recently highlighted the “prime directive” of Full Self-Driving (FSD).

Zhu’s comments emphasize Tesla’s uncompromising focus on safety, which has made the company’s vehicles among the safest on the road.

Echoing Musk’s vision for safe autonomous driving

Zhu’s post quoted Musk’s statement from 2021, where the CEO reportedly stated that FSD must avoid accidents even if the most ridiculous events happened in the middle of the road. Zhu stated that beyond everything, Tesla’s systems like Autopilot and FSD are designed to keep passengers safe.

“Elon said it in 2021: “For self-driving, even if the road is painted completely wrong and a UFO lands in the middle of the road, the car still cannot crash and still needs to do the right thing. The prime directive for the autopilot system is: Don’t crash. That really overrides everything. No matter what the lines say or how the road is done, the thing that needs to happen is minimizing the probability of impact while getting you to your destination conveniently and comfortably,” Zhu stated.

“The prime directive, the absolute priority, is to minimize the probability of injury to yourself or to anyone on the road, to pedestrians, or anything like that. It can’t be dependent on the road markings being correct.”

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Tesla leadership rallies behind global FSD rollout

Tom Zhu, who previously led Tesla China through its record-breaking growth phase, now oversees automotive operations worldwide. He has reportedly become a problem solver for Elon Musk over the years, with previous reports stating that he was brought in to help Giga Texas optimize its vehicle production ramp.

Zhu’s comments may sound ambitious, but FSD has proven that it values safety above all else over the years. This was highlighted recently in an incident in Australia, when a Model Y was hit by what could very well be a meteor. Despite the impact and part of its windshield melting, the vehicle was able to drive safely and keep its passengers safe.

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