TESLA STOCK IS A TECH COMPANY

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Is electric car maker Tesla, a technology company or an automobile company? The simple answer to the question is that Tesla is a tech company, not just a car company. Tesla is based in Silicon Valley, has made pricey all-electric cars popular among the tech elite, and has restyled the automobile as a dynamic software platform. Tesla is intent on changing existing business models within the stodgy automotive industry by selling directly to consumers. Its product pipeline and founder evoke loyalty and frenzy like those of iconic tech companies such as Apple.

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