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Ten Years After IPO, a Look Back at Tesla’s Extraordinary Decade

  • Shanghai plant opens door to more growth in largest car market
  • Following SEC settlement, Musk could retake chair role in 2021
Elon Musk, center, participates in the Nasdaq opening bell ceremony in New York in 2010.
Elon Musk, center, participates in the Nasdaq opening bell ceremony in New York in 2010.Photographer: Daniel Acker/Bloomberg
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Tesla Inc. has grown from Silicon Valley gadfly to the world’s second-largest automaker by market capitalization in the decade since its initial public offering. It’s been a roller-coaster ride for the electric-car maker’s shareholders, who have experienced dizzying swoons on the way to record highs thanks in part to self-inflicted crises.

“There’s always a lot of drama with Tesla, but they have spurred the auto industry on to embrace electrification as key to the future of mobility,” said Tony Posawatz, the former leader of General Motors Co.’s Volt plug-in hybrid program, ex-CEO of Fisker and current director at Lucid Motors Inc. “Whether they are profitable or not, they have impacted the luxury auto market forever more.”