Tesla, Inc.

American electric vehicle and clean energy company / From Wikipedia, the free encyclopedia

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Tesla, Inc. (/ˈtɛslə/ TESS-lə or /ˈtɛzlə/ TEZ-lə[lower-alpha 1]) is an American multinational automotive and clean energy company headquartered in Austin, Texas, which designs, manufactures and sells electric vehicles, stationary battery energy storage devices from home to grid-scale, solar panels and solar shingles, and related products and services.

Quick facts: Formerly, Company type, Traded as, ISIN, Indu...
Tesla, Inc.
FormerlyTesla Motors, Inc. (2003–2017)
Company typePublic
FoundedJuly 1, 2003; 20 years ago (2003-07-01) in San Carlos, California, U.S.
FoundersMartin Eberhard, Marc Tarpenning, Ian Wright, Elon Musk, J. B. Straubel See § Founding
HeadquartersGigafactory Texas,
Austin, Texas
Number of locations
1,208 sales, service and delivery centers
Area served
  • East Asia
  • Europe
  • Middle East
  • North America
  • Oceania
  • Southeast Asia
Key people
Production output
  • Increase 1,845,985 vehicles (2023)
  • Increase 14.7 GWh battery energy storage systems (2023)
  • Decrease 223 MW solar (2023)
RevenueIncrease US$96.8 billion (2023)
Decrease US$8.9 billion (2023)
Increase US$15.0 billion (2023)
Total assetsIncrease US$106.6 billion (2023)
Total equityIncrease US$62.6 billion (2023)
OwnerElon Musk (21%)
Number of employees
Increase 140,473 (2023)
Footnotes / references
Financials as of December 31, 2023.
References: [1][2][3]

Tesla was incorporated in July 2003 by Martin Eberhard and Marc Tarpenning as Tesla Motors. The company's name is a tribute to inventor and electrical engineer Nikola Tesla. In February 2004 Elon Musk joined as the company's largest shareholder and in 2008 he was named CEO. In 2008, the company began production of its first car model, the Roadster sports car, followed by the Model S sedan in 2012, the Model X SUV in 2015, the Model 3 sedan in 2017, the Model Y crossover in 2020, the Tesla Semi truck in 2022 and the Cybertruck pickup truck in 2023. The Model 3 is the all-time bestselling plug-in electric car worldwide, and in June 2021 became the first electric car to sell 1 million units globally.[5] In 2023, the Model Y was the best-selling vehicle, of any kind, globally.[2]

Tesla is one of the world's most valuable companies. In October 2021, Tesla's market capitalization temporarily reached $1 trillion, the sixth company to do so in U.S. history. As of 2023, it is the world's most valuable automaker. In 2022, the company led the battery electric vehicle market, with 18% share.

Tesla has been the subject of lawsuits, government scrutiny, and journalistic criticism, stemming from allegations of whistleblower retaliation, worker rights violations, product defects, and Musk's many controversial statements.

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