Tesla Inc (Tesla) is an electric vehicle manufacturer that designs, develops, manufactures and sells fully electric vehicles and solar energy generation and energy storage products. The company was incorporated in Delaware, United States on 1 July 2003.
In 2008, Tesla launched the Roadster in order to unveil Tesla’s cutting-edge battery technology and electric powertrain. Musk has stated that using the Lotus Elise chassis (which the 2008 Roadster was based on) was not the most efficient method of creating the company's first vehicle due to the volume of new parts required to turn the car into an electric vehicle.
Elon Musk's dream for Tesla was to accelerate the advent of sustainable transport. Consequently, on 12 June 2014, Tesla announced that it would not initiate patent lawsuits against anyone who, in good faith, wants to use its technology. While this may seem like a strange move, the more electric vehicles built using Tesla's technology, the greater the platform Tesla controls and the more reliant other manufacturers become on the company's survival.
Along with the company's focus on electric vehicles, Tesla has also invested heavily in creating sustainable production/storage of electricity, having released the Powerwall and building the Gigafactory (the highest volume battery manufacturing plant in the world). Along with these efforts, Tesla supplied the South Australian Government with a 52MWh storage battery after the state within Australia had been crippled from power outages.
Tesla is traded on the NASDAQ under the code TSLA.
Automotive - The automotive segment includes the design, development, leasing, manufacture, and sales of Tesla's electric vehicles as well as sales of automotive regulatory credits. The automotive segment also includes services and other items, which includes non-warranty after-sales vehicle services, sales of used vehicles, retail merchandise, sales by Tesla Inc's acquired subsidiaries to third party customers, and vehicle insurance revenue. For the financial year end 31 December 2019, the automotive segment accounted for 90.51% (USD 23,047 million) of total revenue.
Energy generation and storage - The energy generation and storage segment includes the design, manufacture, installation, sales, and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. For the financial year end 31 December 2019, the energy generation and storage segment accounted for 9.49% (USD 1,531 million) of total revenue.
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