Tesla, Inc.

"Tesla Motors" redirects here. For electric motors invented by Nikola Tesla, see Induction motor and AC motor.
"Tesla (company)" redirects here. For the electrotechnical company, see Tesla a.s. For other uses, see Tesla (disambiguation).

Tesla, Inc.
FormerlyTesla Motors, Inc. (2003–2017)
Company typePublic
ISINUS88160R1014
Industry
FoundedJuly 1, 2003; 21 years ago (2003-07-01) in San Carlos, California, U.S.
FoundersMartin Eberhard
Marc Tarpenning
(See § Founding)
Headquarters
Austin, Texas
,
U.S.
Number of locations
  • Increase 1,306 sales, service and delivery centers
  • Increase 6,750 Supercharger stations
Area served
  • East Asia
  • Europe
  • Middle East
  • North America
  • Oceania
  • Southeast Asia
Key people
Products
Production output
  • Increase 1,845,985 vehicles (2023)
  • Increase 14.7 GWh battery energy storage systems (2023)
  • Decrease 223 MW solar (2023)
Services
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 (13%)[1]
Number of employees
Increase 140,473 (2023)
Subsidiaries
ASN
Websitetesla.com
Footnotes / references
Financials as of December 31, 2023.
References: [2][3][4]
This article is part of
a series about
Elon Musk
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Tesla, Inc. (/ˈtɛslə/ TESS-lə or /ˈtɛzlə/ TEZ-lə[a]) is an American multinational automotive and clean energy company. Headquartered in Austin, Texas, it 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.

Tesla was founded in July 2003 by Martin Eberhard and Marc Tarpenning as Tesla Motors. Its name is a tribute to inventor and electrical engineer Nikola Tesla. In February 2004, Elon Musk joined as Tesla'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. In June 2021, the Model 3 became the first electric car to sell 1 million units globally.[6] In 2023, the Model Y was the best-selling vehicle, of any kind, globally.[7] In January 2024, the Model Y became the best-selling BEV in history.[citation needed]

Tesla is one of the world's most valuable companies in terms of market capitalization. Starting in July 2020, it has been the world's most valuable automaker. In October 2021, Tesla temporarily became a trillion-dollar company, the seventh U.S. company to do so, and did so again in November 2024.[8] 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]

Tesla has been the subject of lawsuits, government scrutiny, and journalistic criticism, stemming from allegations of multiple cases of whistleblower retaliation, worker rights violations such as sexual harassment and anti-union activities, safety defects leading to dozens of recalls, the lack of a public relations department, and controversial statements from Musk including overpromising on the company's driving assist technology and product release timelines.

  1. ^ Ewing, Jack (January 16, 2024). "Musk Demands Bigger Stake in Tesla as Price for A.I. Work". New York Times. Archived from the original on February 29, 2024. Retrieved March 6, 2024.
  2. ^ "Annual report Form 10-K 2023 Tesla Inc". January 29, 2024. Archived from the original on January 29, 2024. Retrieved January 29, 2024.
  3. ^ "Q4 2023 Shareholder Deck" (PDF). Tesla, Inc. January 24, 2024. Archived (PDF) from the original on January 24, 2024. Retrieved January 24, 2024.
  4. ^ "Elon Musk". Forbes. Archived from the original on February 10, 2014. Retrieved February 15, 2021.
  5. ^ "What's the correct way to pronounce 'Tesla'? We asked". Yahoo! Finance. July 13, 2017. Archived from the original on October 6, 2021. Retrieved October 6, 2021.
  6. ^ Shahan, Zachary (August 26, 2021). "Tesla Model 3 Has Passed 1 Million Sales". CleanTechnica. Archived from the original on September 4, 2021. Retrieved August 26, 2021.
  7. ^ Munoz, Juan Felipe (June 13, 2024). "These are the world's best-selling cars: The definitive rankings for 2023". Motor1.com. Archived from the original on August 13, 2024. Retrieved August 13, 2024.
  8. ^ Cunningham, Doug (November 8, 2024). "Tesla regains $1 trillion in market capitalization in post-election surge - UPI.com". UPI. Retrieved November 8, 2024.
  9. ^ Schifrin, Matt; Murphy, Andrea (June 6, 2024). "The Global 2000 2023". Forbes. Archived from the original on January 29, 2024. Retrieved February 7, 2024.


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