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Tesla, Inc.
Tesla Motors, Inc. (2003–2017)
Traded as
FoundedJuly 1, 2003; 16 years ago (2003-07-01)[1]
Palo Alto, California
Area served
Key people
Production output
Increase 367,500 vehicles (2019)
RevenueIncrease US$21.46 billion (2018)
Increase US$-0.39 billion (2018)
Increase US$−0.98 billion (2018)
Total assetsIncrease US$29.74 billion (2018)
Total equityIncrease US$4.92 billion (2018)
OwnerElon Musk (21.7%)[3]
Number of employees
45,000[4] (2018)
Footnotes / references
Tesla's financial performance
Tesla's paid-in capital makes up the accumulated deficit to maintain its operation

Tesla, Inc. (formerly Tesla Motors, Inc.), is an American automotive and energy company based in Palo Alto, California.[8] The company specializes in electric car manufacturing and, through its SolarCity subsidiary, solar panel manufacturing.[9] It operates multiple production and assembly plants, such as Gigafactory 1[10] near Reno, Nevada, and its main vehicle manufacturing facility at Tesla Factory[11] in Fremont, California. As of 2019, Tesla sells Model S,[12] Model X,[13] and Model 3 cars.[14] It is accepting reservations for the Model Y,[15] Roadster (2020),[16], Cybertruck,[17] and Semi[18] vehicles. Tesla also sells Powerwall,[19] Powerpack,[20] and Megapack[21] batteries, solar panels,[22] solar roof tiles,[23] and some related products.

Tesla was founded in July 2003, by engineers Martin Eberhard and Marc Tarpenning, under the name Tesla Motors. The company's name is a tribute to engineer Nikola Tesla. In early Series A funding, Tesla Motors was joined by Elon Musk, J. B. Straubel and Ian Wright, all of whom are retroactively allowed to call themselves co-founders of the company. Musk, who formerly served as chairman and is the current chief executive officer, said that he envisioned Tesla Motors as a technology company and independent automaker, aimed at eventually offering electric cars at prices affordable to the average consumer. Tesla Motors shortened its name to Tesla in February 2017.

After 10 years in the market, Tesla ranked as the world's best selling plug-in passenger car manufacturer in 2018, both as a brand and by automotive group, with 245,240 units delivered and a market share of 12% of the plug-in segment sales.[24][25][26] Tesla vehicle sales in the U.S. increased by 280% from 48,000 in 2017 to 182,400 in 2018,[27] and globally were up by 138% from 2017.[28]Tesla has never had a profitable year.[29]However, it has had several profitable quarters starting from the first quarter of 2013 when it posted an $11 million profit.

  1. ^ "The Making Of Tesla: Invention, Betrayal, And The Birth Of The Roadster". businessinsider.com. Retrieved October 3, 2018.
  2. ^ Lamonica, Martin (September 21, 2009). "Tesla Motors founders: Now there are five". CNET. Retrieved February 14, 2017.
  3. ^ "Tesla 2019 Proxy statement". sec.gov. Retrieved November 15, 2019.
  4. ^ Musk, Elon (October 14, 2018). "Thanks for recognizing the great work of the Tesla team! 45,000 people now". Retrieved December 5, 2018.
  5. ^ "Tesla Delivers Record 112,000 Model 3, S & X Globally In Q4 2019". Inside EVs. Retrieved January 6, 2020.
  6. ^ "US SEC: Form 10-K Tesla, Inc". U.S. Securities and Exchange Commission. Retrieved March 8, 2018.
  7. ^ "Designs and manufactures electric sports cars". Retrieved May 12, 2017.
  8. ^ "Tesla". Fortune. Retrieved November 25, 2018.
  9. ^ "National solar installation numbers down after Tesla purchase". Las Vegas Review. USA. December 27, 2017. Retrieved October 16, 2019.
  10. ^ "Tesla Gigafactory | Tesla". tesla.com. Retrieved March 31, 2019.
  11. ^ "Tesla Factory | Tesla". Tesla Factory

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