Tesla, Inc.: Company Background
- Founding — Tesla, Inc. was founded on July 1, 2003, by Martin Eberhard and Marc Tarpenning. It was named after the inventor Nikola Tesla.
- Early Investment — Elon Musk joined Tesla in February 2004 as the largest shareholder after investing $6.5 million. He became CEO in 2008.
- Headquarters — Tesla is headquartered in Austin, Texas, and operates six large factories across three continents.
- First Product — Tesla's first car, the Roadster, was produced in 2008. It was a high-performance electric sports car.
- IPO — Tesla went public on June 29, 2010, raising $226 million through its initial public offering.
- Energy Products — Tesla also produces energy storage solutions like the Powerwall and Powerpack, and solar products.
- Global Expansion — Tesla has expanded globally with Gigafactories in Shanghai, Berlin, and Texas, among others.
- Market Leader — As of 2023, Tesla led the battery electric vehicle market with a 19.9% share and was the world's most valuable automaker.
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Key Products
- Model S — A full-size luxury sedan introduced in 2012, known for its long range and high performance.
- Model X — A luxury SUV launched in 2015, featuring falcon-wing doors and advanced safety features.
- Model 3 — A more affordable sedan introduced in 2017, it became the best-selling electric car worldwide.
- Model Y — A mid-size crossover SUV based on the Model 3 platform, launched in 2020.
- Tesla Semi — An all-electric semi-truck introduced in 2022, designed for long-haul transport.
- Powerwall — A home battery system that stores energy for backup power and self-consumption.
- Megapack — A large-scale battery storage system for utility and commercial applications.
- Solar Roof — Solar panels designed to look like traditional roofing materials, providing clean energy.
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As of November 2023, Tesla offers six vehicle models: Model S, Model X, Model 3, Model Y, Tesla Semi, and Cybertruck. Tesla's first vehicle, the first-generation Tesla Roadster, is no longer sold.
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Significant Milestones
- 2003 — Tesla was founded by Martin Eberhard and Marc Tarpenning.
- 2008 — Elon Musk became CEO, and the first Roadster was produced.
- 2010 — Tesla went public, raising $226 million.
- 2012 — The Model S was launched, winning several automotive awards.
- 2015 — Tesla introduced the Model X SUV.
- 2017 — The Model 3 was launched, becoming the best-selling electric car.
- 2020 — Tesla was added to the S&P 500 index.
- 2023 — The Cybertruck production began, and Tesla led the BEV market with a 19.9% share.
Global Expansion
- Gigafactory Shanghai — Opened in 2019, it was the first fully foreign-owned car factory in China.
- Gigafactory Berlin — Construction began in 2020, with Model Y production starting in 2022.
- Gigafactory Texas — Groundbreaking in 2020, with Model Y production starting in 2022 and Cybertruck in 2023.
- Gigafactory Mexico — Announced in 2023, expected to open in 2025.
- Fremont Factory — Acquired from Toyota in 2010, it is Tesla's primary vehicle production facility.
- Lathrop Megafactory — Opened in 2022, it produces Megapack batteries.
- Palo Alto Headquarters — Tesla's global engineering headquarters, established in 2023.
- Global Market — Tesla serves markets in East Asia, Europe, the Middle East, North America, Oceania, and Southeast Asia.
