Range Records, Profitability Surges, and Stock Market Shockwaves

The Model S Long Range Plus rolled out of production in June 2020 and set a new record as the first EV to receive a 400-mile range rating from the EPA. It was a remarkable 20% increase compared to the previous year’s model, achieved through weight reduction and enhanced regenerative braking.

After years of struggles, Tesla announced its first-ever sustained profitability, propelling its stock price to surpass Toyota and become the world’s most valuable automaker. Later, a 5-for-1 stock split made its shares more accessible, reducing their price from $2,230 to $446. Its journey is a testament to innovation and its role in the electric revolution.

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