Technology
Tesla Unveils Flying Roadster as SpaceX Merger Speculation Grows
Tesla has unveiled its long-awaited next-generation Roadster in a dramatic demonstration that saw the electric sports car drive upside down, flip through the air…
Tesla
Tesla, Inc. is an American multinational automotive and clean energy corporation headquartered in Austin, Texas. Recognized as the primary catalyst for the global transition to electric vehicles (EVs), Tesla designs, manufactures, and services electric cars, battery energy storage systems (Powerwall, Powerpack, Megapack), solar panels, and humanoid robotics (Optimus). Beyond vehicle manufacturing, Tesla operates as a major artificial intelligence and autonomous driving technology firm through its proprietary Full Self-Driving neural net infrastructure and global Supercharging network.
Quick facts about Tesla
- Originally incorporated as Tesla Motors on July 1, 2003, by Martin Eberhard and Marc Tarpenning; named in honor of electrical engineer and inventor Nikola Tesla. Elon Musk led the Series A funding round in February 2004, assuming the role of Chairman before taking over as CEO in 2008.
- Holds a public valuation ranging between $1.2 trillion and $1.5 trillion. Annual vehicle deliveries surpassed 1.6 million units, generating annual revenues exceeding $90 billion with cash reserves held at ~$44.7 billion.
- The National Highway Traffic Safety Administration (NHTSA) opened extensive federal safety defects investigations into Tesla's Full Self-Driving (FSD) and Autopilot systems following hundreds of recorded collisions and multiple fatal crashes involving driver-assist software engagement.
- In January 2024, a Delaware Chancery Court judge voided Musk's 2018 $56 billion executive compensation package, ruling the board approval process flawed, which prompted Tesla to re-vote and re-approve the package at its shareholder meeting and initiate re-incorporation from Delaware to Texas.
- Operates a global network exceeding 8,400 Supercharger stations and 79,000 individual connectors, alongside massive Gigafactories in Austin, Berlin, Shanghai, and Fremont.