With a trailing-10-year return of 2,420%, (NASDAQ: TSLA) has been an outstanding stock for investors to own. A relatively small $1,000 investment in December 2013 would be worth a whopping $25,000 today.

Right now, the stock sits 42% below its all-time high in November 2021. Opportunity-seeking investors might want to pull the trigger and buy the dip. But if you're thinking of buying Tesla shares today, first take the time to understand the following important factors about this business.

Tesla's huge lead in the electric vehicle (EV) industry has propelled it to an enviable position. Its cars represent half of all new EVs sold in the United States.

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Source Fool.com