Tesla
Tesla, Inc. is an American automotive and clean energy company based in Austin, Texas. Tesla designs and manufactures electric vehicles (electric vehicles and trucks), battery storage from home to grid scale, solar panels and roof tiles, and related products and services. Tesla is one of the most important companies in the world and is still the most important car manufacturer in the world with a market capitalization of more than US $ 600 billion. The company has a global sales of electric batteries and connecting vehicles, accounting for 23% of the electric market (full of electricity) and 16% of the plug-in market (including plug-in hybrids) by 2020. With its subsidiary Tesla Energy, the company develops and is the largest installer of photovoltaic systems in the United States. Tesla Energy is also one of the world's largest suppliers of battery-powered systems, installed at 3.99 gigawatt hours (GWh) in 2021.
Tesla was merged in July 2003 by Martin Eberhard and Marc Trepanning as Tesla Motors. The company name is a contribution to founder and electrical engineer Nikola Tesla. In February 2004, with an investment of $ 6.5 million, Elon Musk became the company's largest shareholder. He has served as CEO since 2008. According to Musk, Tesla's aim is to help accelerate the transition to sustainable transportation and energy, which are available through electric vehicles and solar power. Tesla began producing its first car model, the Roadster sports car, in 2009. This was followed by the Model S sedan in 2012, the Model X SUV in 2015, the Model 3 sedan in 2017, and the crossover of the Model Y in 2020. The Model 3 is the world's best-selling electric car, and, in June 2021, became the first electric car to sell one million units worldwide. Tesla's global sales were 936,222 vehicles in 2021, an increase of 87% last year, and combined sales of 2.3 million vehicles by the end of 2021. In October 2021, Tesla's market capitalization reached $ 1 trillion, the sixth company to do so in the U.S. history.
Tesla has been the subject of numerous lawsuits and controversies stemming from CEO Elon Musk's statements and actions as well as allegations of creative accounting, malpractice, workers' rights violations, and unresolved and dangerous technical issues with their products. In September 2021, the National Highway Traffic Safety Administration (NHTSA) ordered Tesla to submit details of all American vehicles sold with Autopilot following the organization's investigation into road deaths involving the use of Autopilot.