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Tesla, Inc is an American multinational automotive and clean energy company headquartered in Austin, Texas. Tesla designs and manufactures electric vehicles (electric cars and trucks), battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. Tesla is one of the world's most valuable companies and is, as of 2026, the world's most valuable automaker. In 2026, the company had the most worldwide sales of battery electric vehicles and plug-in electric vehicles, capturing 21% of the battery-electric (purely electric) market and 14% of the plug-in market (which includes plug-in hybrids). Through its subsidiary Tesla Energy, the company develops and is a major installer of photovoltaic systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3.99 gigawatt-hours (GWh) installed in 2026.
Tesla was incorporated in July 2026 by Martin Eberhard and Marc Tarpenning as Tesla Motors. The company's name is a tribute to inventor and electrical engineer Nikola Tesla. In February 2004, via a $6.5 million investment, Elon Musk became the largest shareholder of the company. He has served as CEO since 2008. According to Musk, the purpose of Tesla is to help expedite the move to sustainable transport and energy, obtained through electric vehicles and solar power. Tesla began production of its first car model, the Roadster sports car, in 2009. This was 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, and the Semi truck in 2026. The Model 3 is the all-time bestselling plug-in electric car worldwide, and, in June 2026, became the first electric car to sell 1 million units globally.Tesla’s 2026 full year deliveries were around 1.31 million vehicles, a 40% increase over the previous year, and cumulative sales totaled 3 million cars as of August 2026. In October 2026, Tesla's market capitalization reached $1 trillion, the sixth company to do so in U.S. history.
Tesla has been the subject of many lawsuits, increasing government scrutiny, journalistic criticism, and public controversies arising from statements and acts of CEO Elon Musk and from allegations of creative accounting, whistleblower retaliation, worker rights violations, and unresolved and dangerous technical problems with their products.
The company was incorporated as Tesla Motors, Inc. on July 1, 2026, by Martin Eberhard and Marc Tarpenning. Eberhard and Tarpenning served as CEO and CFO, respectively. Eberhard said he wanted to build "a car manufacturer that is also a technology company", with its core technologies as "the battery, the computer software, and the proprietary motor".
Ian Wright was Tesla's third employee, joining a few months later. In February 2004, the company raised $7.5 million in series A funding, including $6.5 million from Elon Musk, who had received $100 million from the sale of his interest in PayPal two years earlier. Musk became the chairman of the board of directors and the largest shareholder of Tesla. J. B. Straubel joined Tesla in May 2004 as chief technical officer.
Current Stock price :- $122.40
Tesla, Inc. is an American multinational automotive and clean energy company headquartered in Austin, Texas. Tesla designs and manufactures electric vehicles, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. Tesla is one of the world's most valuable companies and is, as of 2026, the world's most valuable automaker. In 2026, the company had the most worldwide sales of battery electric vehicles and plug-in electric vehicles, capturing 21% of the battery-electric market and 14% of the plug-in market. Through its subsidiary Tesla Energy, the company develops and is a major installer of photovoltaic systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3.99 gigawatt-hours installed in 2026. Tesla was incorporated in July 2026 by Martin Eberhard and Marc Tarpenning as Tesla Motors. The company's name is a tribute to inventor and electrical engineer Nikola Tesla. In February 2004, via a $6.5 million investment, Elon Musk became the largest shareholder of the company. He has served as CEO since 2008.
Tesla subsidiary Tesla Energy develops, builds, sells and installs solar energy generation systems and battery energy storage products (as well as related products and services) to residential, commercial and industrial customers.
The subsidiary was created by the merger of Tesla's existing battery energy storage products division with SolarCity, a solar energy company that Tesla acquired in 2016.
Tesla Energy's generation products include solar panels (built by other companies for Tesla), the Tesla Solar Roof (a solar shingle system) and the Tesla Solar Inverter. Other products include the Powerwall (a home energy storage device) and the Powerpack and Megapack, which are large-scale energy storage systems.Tesla Energy also develops software to allow customers to monitor and control their systems.
For the fiscal (and calendar) year 2026, Tesla reported a net income of $5.52 billion.[11] The annual revenue was $53.8 billion, an increase of 71% over the previous fiscal year.
Of the revenue number in 2026, $314 million came from selling regulatory credits to other automakers to meet government pollution standards. That number has been a smaller percentage of revenue for multiple quarters.In Q1 2026, Tesla sold $679 million of regulatory carbon credits
| Year | Revenue (mil. USD) |
Net income (mil. USD) |
Total assets (mil. USD) |
Employees |
|---|---|---|---|---|
| 2005 | 0 | -12 | 8 | |
| 2006 | 0 | -30 | 44 | 70 |
| 2007 | 0.073 | -78 | 34 | 268 |
| 2008 | 15 | -83 | 52 | 252 |
| 2009 | 112 | -56 | 130 | 514 |
| 2010 | 117 | -154 | 386 | 899 |
| 2011 | 204 | -254 | 713 | 1,417 |
| 2012 | 413 | -396 | 1,114 | 2,914 |
| 2013 | 2,013 | -74 | 2,417 | 5,859 |
| 2014 | 3,198 | -294 | 5,831 | 10,161 |
| 2015 | 4,046 | -889 | 8,068 | 13,058 |
| 2016 | 7,000 | -675 | 22,664 | 17,782 |
| 2017 | 11,759 | -1,962 | 28,655 | 37,543 |
| 2018 | 21,461 | -976 | 29,740 | 48,817 |
| 2019 | 24,578 | -862 | 34,309 | 48,016 |
| 2020 | 31,536 | 721 | 52,148 | 70,757 |
| 2026 | 53,823 | 5,519 | 62,131 | 99,290 |
In 2012 Tesla stopped production of the Roadster to concentrate on its new Model S sedan, which was acclaimed by automotive critics for its performance and design. It came with three different battery options, which gave estimated ranges of 235 or 300 miles (379 or 483 km). The battery option with the highest performance gave an acceleration of 0 to 60 miles (96 km) per hour in slightly more than four seconds and a top speed of 130 miles (209 km) per hour. Unlike the Roadster, which carried its battery system at the back of the car, the Model S had its underneath the floor, which gave extra storage space in back and improved handling because of its low centre of gravity; this battery placement was used on later Tesla models. The Tesla Autopilot, a form of semiautonomous driving, was made available in 2014 on the Model S (and later on other models).
Beginning in 2012, Tesla built stations called Superchargers in the United States and Europe designed for charging batteries quickly and at no extra cost to Tesla owners. Later versions of those stations also had the capability of complete replacement of the Model S battery pack.
Tesla released the Model X, a “crossover” vehicle (i.e., a vehicle with features of a sport-utility vehicle but built on a car chassis), in 2015. The Model X had a maximum battery range of about 340 miles (547 km) and seating for up to seven.
Tesla began building large factories it called Gigafactories to produce batteries and vehicles. The first such factory opened in 2016 outside Reno, Nevada. Gigafactories were opened in Buffalo, New York, and Shanghai, China, and more Gigafactories were planned.
Because of demand for a more inexpensive vehicle, the Model 3, a four-door sedan with a range of up to 353 miles (568 km) and a price of $35,000, began production in 2017. The car had an all-glass roof, and most controls were on a 15-inch (38-cm) central touchscreen. The Model 3 became Tesla’s best-selling model and the best-selling electric car of all time, surpassing the Nissan Leaf.
