Tesla, Inc.

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Tesla, Inc. is an American electric car and sustainable energy corporation headquartered in Austin, Texas, in the United States of America. Tesla designs and produces electric vehicles, battery energy storage systems ranging from home to grid-scale, solar panels and solar roof tiles, as well as a variety of other goods and services. Tesla is headquartered in California. A market capitalization of about $1 trillion places Tesla among the world's most valuable firms, and it remains the most valued automobile manufacturer in the world. Sales of battery electric cars and plug-in electric vehicles were particularly strong for the corporation, which captured 16 percent of the plug-in market (which includes plug-in hybrids) and 23 percent of the battery-electric (pure electric) market. Tesla Energy, a subsidiary of the firm, develops and instals photovoltaic systems in the United States, where it is a prominent player in the industry. Additionally, Tesla Energy is one of the world's top producers of battery energy storage systems, with 3 gigawatt hours (GWh) of capacity expected to be implemented by 2020.

Tesla Motors was established in July 2003 by Martin Eberhard and Marc Tarpenning as a homage to inventor and electrical engineer Nikola Tesla. The company's name is derived from the name of the inventor and electrical engineer Nikola Tesla. Elon Musk, co-founder of X.com, became the company's biggest stakeholder and chairman in February 2004 after making a US$6.5 million investment. Since 2008, he has served as the company's chief executive officer. According to Musk, the mission of Tesla is to aid in the acceleration of the transition to sustainable modes of transportation and energy, which will be achieved via the use of electric cars and solar power. Earlier this year, Tesla launched mass manufacturing of the Roadster, the company's first automobile model. After the Tesla Model S sedan in 2012, the Tesla Model X SUV in 2015, the Tesla Model 3 car in 2017, and the Tesla Model Y crossover in 2020, the Tesla Model S sedan was discontinued. The Tesla Model 3 is the best-selling plug-in electric vehicle in history, and it will become the first electric vehicle to sell one million units worldwide when it hits the market in June 2021. During the first quarter of 2020, Tesla sold 499,550 vehicles worldwide, representing a 35.8 percent increase over the same period in 2019. Tesla's market value topped US$1 trillion in October 2021, making it the sixth corporation in U.S. history to achieve this milestone.

Following statements and actions by Tesla CEO Elon Musk, the company has been the subject of several lawsuits and controversies arising from allegations of creative accounting, whistleblower retaliation, worker rights violations, and unresolved and potentially dangerous technical problems with their products, among other things. The National Highway Traffic Safety Administration (NHTSA) has asked Tesla to provide data related to all sold cars in the United States that are equipped with Autopilot by September 2021.