TSLA, NasdaqGS

Tesla, Inc. (TSLA)

Price (as of October 23)

214.44USD

Correlations

The correlation describes the statistical relationship between the value of two assets over time. Use this relationship to bet against an asset without shorting it or diversify your portfolio more effectively. Learn how you can use correlations to your advantage.

Lowest within Industry

Symbol Correlation

PAH3.DE

Porsche Automobil Holding SE

-0.03

MBG.DE

Mercedes-Benz Group AG

-0.03

VOW.DE

Volkswagen AG

-0.02

FSR

Fisker Inc.

-0.02

GP

GreenPower Motor Company Inc.

-0.02

BMW.DE

Bayerische Motoren Werke Aktiengesellschaft

-0.02

GOEV

Canoo Inc.

-0.01

FFIE

Faraday Future Intelligent Electric Inc.

-0.01

HYZN

Hyzon Motors Inc.

-0

ARVL

Arrival

0

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Highest within Industry

Symbol Correlation

LCID

Lucid Group, Inc.

0.32

GM

General Motors Company

0.31

F

Ford Motor Company

0.31

TTM

Tata Motors Limited

0.26

TM

Toyota Motor Corporation

0.26

HMC

Honda Motor Co., Ltd.

0.25

NSANY

Nissan Motor Co., Ltd.

0.12

BLBD

Blue Bird Corporation

0.04

ARVL

Arrival

0

HYZN

Hyzon Motors Inc.

-0

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Profile

Sector:
Consumer Cyclical
Industry:
Auto Manufacturers

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits. It provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; and purchase financing and leasing services. This segment is also involved in the provision of non-warranty after-sales vehicle services, sale of used vehicles, retail merchandise, and vehicle insurance, as well as sale of products to third party customers; services for electric vehicles through its company-owned service locations, and Tesla mobile service technicians; and vehicle limited warranties and extended service plans. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners. This segment also offers service and repairs to its energy product customers, including under warranty; and various financing options to its solar customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was incorporated in 2003 and is headquartered in Austin, Texas.