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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.
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 ...
Tesla was incorporated (as Tesla Motors) on July 1, 2003, by Martin Eberhard and Marc Tarpenning in San Carlos, California. [2] [3] [4] The founders were influenced to start the company after General Motors recalled all its EV1 electric cars in 2003 and then destroyed them, [5] and seeing the higher fuel efficiency of battery-electric cars as an opportunity to break the usual correlation ...
The facility and its Brandenburg location were announced by Tesla CEO Elon Musk on November 12, 2019, at the Das Goldene Lenkrad award show. The factory was planned to produce batteries, battery packs and powertrains for use in Tesla vehicles, and also assemble the Tesla Model Y, with a proposed start of production in 2021.
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.
The last chart is the most important for current investors to watch.
Tesla reported blowout earnings this week, but its biggest growth driver wasn't cars or robots. Its energy business grew by 52% year over year, earning over $7 billion in revenue so far in 2024.
Elon Reeve Musk (/ ˈ iː l ɒ n m ʌ s k /; born June 28, 1971) is a businessman and senior advisor to the U.S. president, known for his key roles in Tesla, Inc., SpaceX, the Department of Government Efficiency (DOGE), and his ownership of Twitter.