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Tesla up 35 spots on Fortune 500 list

Elon Musk-owned Tesla has climbed up the Fortune 500 list, with the electric vehicle maker jumping an impressive 35 spots to claim the number 65 spot in this year’s rankings.

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San Francisco: Following the blockbuster 2021 results, Elon Musk-owned Tesla has climbed up the Fortune 500 list, with the electric vehicle maker jumping an impressive 35 spots to claim the number 65 spot in this year's rankings.

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 Teslarati.

"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.

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