Tesla, Inc.

Tesla's headquarters in Palo Alto

Formerly Tesla Motors, Inc. (2003–2017)

Type Public

NASDAQ: TSLA
Traded as
NASDAQ-100 component
Russell 1000 component

ISIN US88160R1014

Industry Automotive
Energy storage
Energy production
 Founded July 1, 2003; 17 years ago[1]

Founders Disputed, see text

Headquarters Palo Alto, California

, 
U.S.

Area served Worldwide

Key people Elon Musk (CEO)

Robyn
Denholm(Chairwoman)
Drew Baglino (CTO)
Zach Kirkhorn (CFO)

Products Electric vehicles

Tesla batteries
Solar panels and roofs

Production output  367,500 vehicles (2019)

 1,651 MWh batteries[2](2019)

 173 MW solar[2] (2019)

Revenue US$24.578 billion (2019)

Operating income  US$−69 million (2019)

Net income  US$−862 million (2019)

Total assets US$34.309 billion (2019)

Total equity  US$6.618 billion (2019)

Owner Elon Musk (20.8%)[3]

Number of employees 48,016[4] (2019)

Subsidiaries SolarCity
Tesla Grohmann
Automation
Maxwell Technologies
DeepScale
Hibar Systems
SilLion

Website www.tesla.com

Footnotes / references
[5][6][7]

Tesla, Inc. (formerly Tesla Motors, Inc.) is an American electric vehicle and clean

energy company based in Palo Alto, California.[8] Tesla's current products include electric cars
(the Model S,[9] Model 3,[10] Model X,[11] and Model Y[12]), battery energy storage from home to grid
scale (the Powerwall,[13] Powerpack,[14] and Megapack[15]), solar products (solar panels[16] and solar
roof tiles[17]) and related products[18] and services.[19][20]
Founded in July 2003 by engineers Martin Eberhard and Marc Tarpenning as Tesla Motors, the
company’s name is a tribute to inventor and electrical engineer Nikola Tesla. The next three
employees were Ian Wright, Elon Musk, and J. B. Straubel, all of whom are named as co-
founders of the company.[21] Musk, who formerly served as chairman and is the current CEO, said
in 2006 that "the overarching purpose of Tesla Motors...is to help expedite the move from a
mine-and-burn hydrocarbon economy towards a solar electric economy" [22][23] and it would build a
wide range of electric vehicles, including "affordably priced family cars", and co-
market SolarCity solar panels to do so.[23][24] Tesla later acquired SolarCity in 2016.[25]
After 11 years in the market, Tesla ranked as the world's best-selling plug-in and battery
electric passenger car manufacturer in 2019, with a market share of 17% of the plug-in segment
and 23% of the battery electric segment.[26] Tesla global vehicle sales increased 50% from
245,240 units in 2018[27] to 367,849 units in 2019.[26] In 2020, the company surpassed the 1 million
mark of electric cars produced.[28] The Model 3 ranks as the world's all-time best-selling plug-in
electric car, with more than 500,000 delivered. [29] Tesla cars accounted for 81% of the battery
electric vehicles sold in the United States in the first half of 2020. [3