Tesla Speeds Into No. 2 Spot On Fortune's 100 Fastest-Growing Companies List
Portfolio Pulse from Benzinga Neuro
Tesla Inc. (NASDAQ:TSLA) has been ranked No. 2 on Fortune's annual 100 Fastest-Growing Companies list, marking its first appearance on the list. The ranking is based on Tesla's three-year average earnings per share growth rate of 285%, the third-highest of any company on the list. The top spot was claimed by Builders Firstsource, while tech giants such as Meta, Amazon, Netflix, and Alphabet did not make the list this year.
October 26, 2023 | 10:04 am
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Tesla's ranking on Fortune's 100 Fastest-Growing Companies list could boost investor confidence and potentially impact its stock price positively.
Tesla's high ranking on a prestigious list like Fortune's 100 Fastest-Growing Companies is a strong indicator of the company's robust growth and performance. This could increase investor confidence in the company and potentially drive up its stock price in the short term.
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