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Tesla is one of the world's 20 fast-growing companies Tesla is one of the world's 20 fast-growing companies

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Tesla is one of the world’s 20 fast-growing companies

Credit: @JasemAsh via Tesla Owners Wisconsin/Twitter

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Tesla is one of the world’s 20 fastest-growing companies for 2022, Fortune reported, adding that last year was a record for growth and recovery across its Top Global 500 list. Although many of the companies on the list reported revenue gains, only a few grew by “leaps and bounds.”

20 fastest growing  companies and $1.2 trillion in combined revenue

This growth enabled them to climb higher up the ranks. This year’s list of the 20 fastest-growing companies was measured by how many spots they jumped ahead. These companies advanced by around 126 spots and recorded an average 70.8% revenue growth. Altogether, these 20 companies held a combined $1.2 trillion in revenue and $102 billion in profits.

Although Chinese companies were the fastest growing, Tesla was the fastest growing company in the U.S. Last year, it was 392 out of 500. This year, it jumped up to 242 on the Fortune Global 500 list.

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Tesla’s true competition is energy companies

Out of the top 20 fastest growing companies, Tesla was number 4 on the list following China National Coal Group, CMA CGM, and Ansteel Group. A quick look at the industries shows that automotive as a sector is growing rapidly.

It also reflects what Elon Musk said about Tesla’s real competition being fossil fuel companies such as Aramco. When Elon Musk said that he thinks Tesla has the potential to become the most valuable company ever, he noted that for this to happen Tesla’s market cap would have to exceed Aramco’s.

2021 ARK Prediction: Tesla share price $3,000 by 2025

In 2021, I wrote this article in CleanTechnica. Cathie Wood of ARK Invest said that she believed that Tesla’s share price would reach the $3,000 mark by 2025. When this happens, its market cap would reach as high as $4 trillion in their best-case scenario.

ARK used a Monte Carlo simulation mode with 34 inputs to come to this conclusion. And it included a worst-case scenario which has Tesla’s 2025 price target at $1,500.

Although I am not a stock analyst, it doesn’t take a genius to see how quickly Tesla is growing. And as it grows, it’s pushing the automotive industry to grow with it. Ford, General Motors, Volkswagen, and many others are now producing and marketing EVs.

Once, long ago, it was thought that this would be impossible.

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Disclaimer: Johnna is long Tesla. 

I’d love to hear from you! If you have any comments, concerns, or see a typo, you can email me at johnna@teslarati.com. You can also reach me on Twitter @JohnnaCrider1

 

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Tesla adds useful Model 3/Y feature home chargers will love

Tesla has made it easier for Model 3 and Y owners to unlock the charging cable with certain adapters, chargers, and home chargers.

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Credit: Tesla China

Tesla has recently added a small, albeit useful feature for owners who charge their electric vehicles (EVs) at home, and specifically for those who use third-party chargers.

Although Tesla’s first-party home chargers include a physical latch and unlatch button, many third-party chargers do not. As such, in Tesla’s software update 2025.20 that began rolling out this week, the automaker added a subtle shortcut for the Model 3 and Model Y that allows users to stop charging sessions on third-party charging handles and adapters without the unlatch button (via Not a Tesla App).

To unlock the pin that locks the charging cable in place, Tesla Model 3 and Model Y owners will now be able to pull and hold the rear left door handle near the charging port for three seconds, at which it will unlatch. Owners would previously have had to crawl into the trunk to do this from inside the vehicle, and the addition will simply add another option to open the door.

The feature requires owners to have the vehicle be either unlocked or have the key nearby, and is especially of benefit to owners who regularly use home or other chargers with NACS adapters such as the J1772, which often don’t necessarily unlatch even when pressing the cable’s button or don’t include a button at all.

READ MORE ON TESLA CHARGING FEATURES: Tesla exec shares unique Supercharger team rule that accelerates EV adoption

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You can see a short video of the feature at work below, as posted on Thursday by X user Max Bracco.

It’s not clear as of yet whether or not the feature will be added to Tesla’s other vehicles, though it wouldn’t be surprising to see down the road. Tesla writes the following on the Model 3 and Model Y feature in its 2025.20 release notes:

Charging can now be stopped and the charge cable released by pulling and holding the rear left door handle for 3 seconds, provided the vehicle is unlocked or a recognized key is nearby. This is especially useful when the charge cable doesn’t have an unlatch button. You can still release the cable using the vehicle touchscreen or the Tesla app.

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Tesla makes it easier to find towing-compatible Superchargers

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Elon Musk

SpaceX to decommission Dragon spacecraft in response to Pres. Trump war of words with Elon Musk

Elon Musk says SpaceX will decommission Dragon as a result of President Trump’s threat to end his subsidies and government contracts.

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SpaceX will decommission its Dragon spacecraft in response to the intense war of words that President Trump and CEO Elon Musk have entered on various social media platforms today.

President Trump and Musk, who was once considered a right-hand man to Trump, have entered a vicious war of words on Thursday. The issues stem from Musk’s disagreement with the “Big Beautiful Bill,” which will increase the U.S. federal deficit, the Tesla and SpaceX frontman says.

How Tesla could benefit from the ‘Big Beautiful Bill’ that axes EV subsidies

The insults and threats have been brutal, as Trump has said he doesn’t know if he’ll respect Musk again, and Musk has even stated that the President would not have won the election in November if it were not for him.

President Trump then said later in the day that:

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“The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Government Subsidies and Contracts. I was always surprised that Biden didn’t do it!”

Musk’s response was simple: he will decommission the SpaceX capsule responsible for transporting crew and cargo to the International Space Station (ISS): Dragon.

Dragon has completed 51 missions, 46 of which have been to the ISS. It is capable of carrying up to 7 passengers to and from Earth’s orbit. It is the only spacecraft that is capable of returning vast amounts of cargo to Earth. It is also the first private spacecraft to take humans to the ISS.

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The most notable mission Dragon completed is one of its most recent, as SpaceX brought NASA astronauts Butch Wilmore and Suni Williams back to Earth after being stranded at the ISS by a Boeing Starliner capsule.

SpaceX’s reluctance to participate in federally funded projects may put the government in a strange position. It will look to bring Boeing back in to take a majority of these projects, but there might be some reluctance based on the Starliner mishap with Wilmore and Williams.

SpaceX bails out Boeing and employees are reportedly ‘humiliated’

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Elon Musk

Tesla cites competitive harm in attempt to keep certain crash data private

Tesla wants some data to be kept from the public because competitors could use it for their own benefit.

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Credit: Tesla

Tesla is citing competitive harm as it is attempting to keep certain crash data private from the public in relation to a lawsuit against it and the National Highway Traffic Safety Administration (NHTSA) from the Washington Post.

In a federal court filing seen by Reuters, Tesla said it wanted some of the crash information the Post was attempting to obtain to be kept confidential because it could be used by rivals to assess the company’s self-driving tech.

Tesla touts its self-driving suite as one of the most robust on the market, and those who have used it believe it to be one of the best around. However, accidents do happen, and while Tesla still has not reached full autonomy and tells drivers to continue paying attention to be prepared to take over, the company still seems to take a lot of the blame for them.

There are also some things that could be revealed about Tesla’s self-driving strategy if it were to release the data, the company says. The efficacy of each version of its FSD suite could allow competitors to calculate how many crashes occurred on each release.

Attorneys for the Washington Post said that Tesla’s versions of both software and hardware are not kept private from owners themselves, so the information should be made public.

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The NHTSA has been investigating accidents involving Tesla’s Full Self-Driving suite since it opened an investigation last October.

The company is used to dealing with attempts to hinder the progress or capabilities of the FSD suite. When used correctly, it can be a widely beneficial suite that helps make driving less stressful, but Tesla has always been more than vocal that it cannot be used as a replacement for human drivers, at least not yet.

Currently, Tesla Full Self-Driving still requires owners to pay attention and be aware of road conditions, as they may have to take over unexpectedly.

Tesla is hoping to launch its Robotaxi platform in Austin next week on Thursday, as it has reportedly landed on June 12 as its launch date.

Tesla lands on date for Robotaxi launch in Austin: report

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However, media skepticism regarding the suite’s capabilities has conveniently started to ramp up as the Robotaxi platform launch nears.

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