Headquartered in Palo Alto, California, Tesla Motors, Inc. (TSLA) is currently the largest automaker that deals solely in all-electric vehicles. It was founded in 2003 by billionaire CEO Elon Musk, who currently owns 23% of its outstanding shares.
Over time, Tesla has positioned itself as a major player in the battery electric vehicle (BEV) market, which looks set to witness a surge in demand. Global BEV sales have picked up, and an increasing number of large automakers will soon be introducing their own BEV models in the market.
Tesla stock posted tremendous returns last year, which was great for investors who believed in its all-electric vehicles and bought into the company in 2012. However, the naysayers have stuck to their guns, and short interest in Tesla is quite high right now – nearly 39% of the total float.
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