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The Future 50

Patrick T. Fallon—Bloomberg via Getty Images

48

Tesla

TSLA

One often-cited statistic encapsulates the potential of this electric-car pioneer: On multiple occasions over the past two years, Tesla, which delivered about 100,000 vehicles in 2017, enjoyed a higher market value than General Motors, which sold 9.6 million that year. In the most ­recent quarter, Tesla’s mid-price Model 3 ranked for the first time among the five top-­selling sedans in the U.S.—a milestone in founder and CEO Elon Musk’s quest to make electric vehicles ubiquitous and affordable. The question is whether Musk can steer Tesla in a straight line. This fall, the SEC sued him for misleading investors in a ­Twitter post about taking the company ­private (one of numerous ­impolitic Musk tweets). In a settlement, Musk gave up Tesla’s chairmanship. Production problems and executive turnover, meanwhile, have fueled doubts about Tesla’s stability.

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Overall Score

-

Sector

Industrials

Industry

Automobiles

CEO

Elon Musk

Employees

37,543

HQ Location

Palo Alto, Calif.

Revenues ($M) (Past 12 Months)

$13,684

Profits ($M) (Past 12 Months)

$-2,722

Market Value as of Oct. 10, 2018 ($M)

$43,822

Revenue and net income for 12 months ended June 30, 2018. Sources: Bloomberg; S&P Global.

News about Tesla

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