- Business
- Tesla, Inc. is a multinational automotive and clean energy company headquartered in Austin, Texas, primarily engaged in the design, manufacture, and sale of battery electric vehicles (BEVs), energy generation and storage products, and related services. The company’s product portfolio includes electric vehicles such as the Model S, Model 3, Model X, Model Y, the upcoming Cybertruck, and the planned next-generation mass-market vehicle codenamed "Redwood." Tesla also offers energy products including solar panels, solar roof shingles, Powerwall home battery systems, and Megapack utility-scale energy storage solutions. Its automotive segment generates substantial revenue from EV sales, leasing, and software services such as Full Self-Driving (FSD) features, while the energy segment focuses on the design and installation of solar energy systems and battery storage products.
Tesla operates mainly in the United States and international markets including China, Europe, and Mexico, with manufacturing facilities in Fremont, California; Gigafactory Texas; Gigafactory Shanghai; and Gigafactory Berlin. The company was founded in 2003 and has quickly become a leader in the electric vehicle and renewable energy markets.
Recent major company developments include plans to launch production of a new affordable mass-market electric vehicle, internally referred to as "Redwood," with production starting in mid-2025 at the Texas Gigafactory and subsequent expansion to Mexico and possibly other international sites. Tesla is also developing robotaxi technology and a $25,000 entry-level EV aimed at competing with lower-cost gasoline vehicles and budget electric models. Furthermore, Tesla continues to refine and expand its product lineup for 2025 with updates to the Model 3, Model Y, Model S, Model X, and Cybertruck. Strategic expansions include exploring new manufacturing sites such as in India for cost-effective EV production. Recent financial disclosures highlight Tesla's transition toward next-generation vehicle platforms designed for greater manufacturing efficiency and cost competitiveness, as well as sustained investments in battery technology and solar energy integration.
Tesla’s business is organized into two primary segments: Automotive, which encompasses electric vehicle manufacturing, sales, leasing, and software; and Energy Generation and Storage, covering solar and battery energy products. The company emphasizes technological innovation in electric drivetrains, battery systems, autonomous driving software, and sustainable energy solutions as key competitive advantages.
Tesla, Inc. remains at the forefront of the electric vehicle industry while expanding its footprint in renewable energy, maintaining a strong focus on advancing affordable electric transportation and integrated clean energy ecosystems globally.