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In July 1888, George Westinghouse licensed Nikola Tesla's American patents for the induction motor and transformer designs. Tesla contract with Westinghouse turned over A.C. development and patents to the Westinghouse Corporation - and thus Tesla became wealthy from this keen business move.
Tesla, Inc. (/ ˈ t ɛ s l ə / ⓘ TESS-lə or / ˈ t ɛ z l ə / 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 says the business model was enabled by eliminating door-to-door sales, advertising, and some complex financing instruments (like leases). [42] [43] The shift in business model has been blamed for diminished customer support. Customers said they waited weeks for replies to emails and experienced long delays for administrative steps to be ...
Though Tesla only booked $1.6 billion in revenue from its energy storage business in the first quarter, the company reported a healthy $403 million in gross profit from the business, good for a ...
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Since taking control of Tesla in 2008, Musk has relied on several executives to help make it the biggest EV manufacturer in the world. One top Musk lieutenant is Omead Afshar, a former ski ...
Elon Reeve Musk (/ ˈ iː l ɒ n m ʌ s k /; born June 28, 1971) is a businessman known for his key roles in Tesla, Inc., SpaceX, and Twitter (), as well as in the United States government since 2025 as a senior advisor to President Donald Trump and head of the Department of Government Efficiency.
Tesla is well known for making its vehicles in the U.S. In 2024, Tesla took the top spot on Cars.com’s American-Made Index for the third consecutive year with the Model Y.