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 battery electric vehicles (BEVs), stationary battery energy storage devices from home to grid-scale, solar panels and solar shingles, and related products and services. The company is also developing artificial intelligence[6] and robotics[7] products.
Formerly | Tesla Motors, Inc. (2003–2017) |
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Company type | Public |
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ISIN | US88160R1014 |
Industry | |
Founded | July 1, 2003; 21 years ago (2003-07-01) in San Carlos, California, United States |
Founders | Martin Eberhard Marc Tarpenning (See § Founding) |
Headquarters | , United States |
Number of locations | 1,208 sales, service and delivery centers |
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Products | |
Production output |
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Services | |
Revenue | US$96.8 billion (2023) |
US$8.9 billion (2023) | |
US$15.0 billion (2023) | |
Total assets | US$106.6 billion (2023) |
Total equity | US$62.6 billion (2023) |
Owner | Elon Musk (13%)[1] |
Number of employees | 140,473 (2023) |
Subsidiaries | |
Website | tesla.com |
Footnotes / references Financials as of December 31, 2023[update]. References: [2][3][4] |
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; in 2008, he was named chief executive officer. 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 best-selling plug-in electric car worldwide, and in June 2021 became the first electric car to sell 1 million units globally.[8] In 2023, the Model Y was the best-selling vehicle, of any kind, globally.[3]
Tesla is one of the world's most valuable companies in terms of market capitalization. In October 2021, Tesla temporarily became a trillion dollar company, the seventh U.S. company to do so. In 2023, the company led the battery electric vehicle market, with 19.9% share. Also in 2023, the company was ranked 69th in the Forbes Global 2000.[9] As of March 2024[update], it is the world's most valuable automaker. Tesla has been the subject of lawsuits, government scrutiny, and journalistic criticism, stemming from allegations of whistleblower retaliation, worker rights violations, safety issues, product defects, fraud, and Musk's many controversial statements.