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Why does Tesla appeal to investors?

Since floating on the Nasdaq stock exchange in 2010 at a price of $17, Tesla’s shares have jumped in value. By continually improving the battery life of its cars, the brand has attempted to ease any lingering doubts among investors regarding their efficiency.

Follow Tesla (NASDAQ: TSLA) publications and financial reports in their Investor Relations Page.

The group’s ongoing appeal to investors can perhaps be explained by the impressive hit rate it’s managed to achieve in a traditionally difficult sector. The Model S alone has enjoyed a rapid rise, becoming one of the planet’s best-selling electric cars.

As with fellow technology innovators Apple and Google, the Tesla brand has become a byword for fresh thinking. But its focus on the long-term technologies of the future has come at a price, with its expansion plans driving up costs. This means the company has often struggled to make a profit.

Because of its commitment to innovation, the company doesn’t pay dividends on its common stock. Its website states: ‘We intend on retaining all future earnings to finance future growth and, therefore, do not anticipate paying any cash dividends in the foreseeable future.’