Brian O'Keefe, Senior Executive Editor at Fortune, stated that the rankings this year could be seen as the return of the energy sector, reports
"Tesla made a huge jump again this year, 35 spots from number 100 up to number 65. Tesla's profits shot up to more than 600 per cent last year to $5.5 billion, and Tesla, of course, represents a revolution in the auto industry," O'Keefe was quoted as saying.
The company has been on a tear over the past years, steadily climbing up the Fortune 500 list as it established itself as the undisputed leader in electric vehicles.
As per the report, the electric car company continued its meteoric rise up the rankings, climbing 35 spots over last year. The company had a blockbuster 2021, bringing in $53.8 billion in revenue, up 70 per cent from 2020, and expanding significantly into key European and Chinese markets.
Tesla entered the Fortune 500 for the first time in 2017, with the company becoming number 383 on the list.
The company's rise was evident the year later, with the company climbing to number 260 in 2018 and number 144 in 2019. Tesla took the number 124 spot in 2020, and just a year later, the company took the numbTesla jumped 35 spots, from no. 100 to no. 65, on the Fortune 500 list after a stellar 2021 performanceer 100 spot.
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