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 remains the world’s most valuable automaker with a market capitalization of more than US$760 billion. 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 in 2021. 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 2021. Tesla was incorporated in July 2003 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.
FRC Analyst's Reports
|Tesla Inc. (NASDAQ: TSLA) – Bearish Outlook Amid Unjustified Valuation and Rising Competition||
Apr. 22, 2022