Tesla (TSLA) is an American multinational corporation that specializes in electric vehicles, energy storage, and solar panel manufacturing. It was founded in 2003 by Elon Musk, JB Straubel, Marc Tarpenning, Ian Wright, and Martin Eberhard with the mission to accelerate the transition to sustainable energy and transportation. Tesla is headquartered in Palo Alto, California and has become a leader in the electric vehicle market, offering luxury electric vehicles with advanced technology and long driving ranges. In addition to electric vehicles, Tesla also offers energy storage products and solar panels through its subsidiary, Tesla Energy. Tesla (TSLA) has had a significant changed the traditional automotive and energy industry, pushing the boundaries of sustainable energy and transportation.
Tesla has experienced rapid growth in recent years with revenues increasing from $24.6 billion in 2019 to $81.5 billion in 2022. This growth can be attributed to increased sales of electric vehicles, energy storage systems and solar products. The company has been consistently profitable since the fourth quarter of 2020 with a net income of $690m in 2020. The table below outlines important financial figures of Tesla Inc..