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Tesla

 Tesla, Inc. is an American electric vehicle  and clean energy  company based in Palo alto , California United State . Tesla designs and manufactures electric cars , battery energy storage  from home to grid-scale , solar panels  and solar roof tiles , and related products and services. In 2020, Tesla had the most sales of  battery electric vehicle and  plug-in electric vehicle , capturing 16% of the plug-in market (which includes plug-in hybrids ) and 23% of the battery-electric (purely electric) market. Through its subsidiary  Tesla Energy , the company develops and is a major installer of Photovoltaic system  in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3 gigawatt-hours (GWh) installed in 2020.



Founded 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 US$6.5 million investment,  X.com  co-founder  Elon musk  became the largest shareholder of the company and its  chairman . He has served as CEO since 2008. According to Musk, the purpose of Tesla is to help expedite the move to sustainable transport and energy, obtained through electric vehicles and solar power. Tesla began production of its first car model, the  Roadster , in 2009. This was followed by the Tesla Model S sedan in 2012, the Tesla Model X  SUV in 2015, the Tesla Model 3 sedan in 2017, and the Tesla Model Y crossover in 2020. The Tesla Model 3 is the all-time best-selling plug-in electric car worldwide, and, in June 2021, became the first electric car to sell 1 million units globally. Tesla's global vehicle sales were 499,550 units in 2020, a 35.8% increase over the previous year. In October 2021, Tesla's market capitalization reached US$1 trillion, the sixth company to do so in U.S. history.



Tesla has been the subject of several lawsuits and controversies arising from statements and acts of CEO Elon Musk and from allegations of creative accounting ,  Whistleblower  retaliation,  Worker rights violations, and unresolved and dangerous technical problems with their products. In September 2021, the  National highway traffic safety administration  (NHTSA) ordered Tesla to submit data pertaining to all sold US vehicles equipped with Autopilot .



Founding (2003–2004)

The company was incorporated as Tesla Motors, Inc. on July 1, 2003, by Martin Eberhard and  Marc Tarpenning . Eberhard and Tarpenning served as CEO and CFO, respectively. Eberhard said he wanted to build "a car manufacturer that is also a technology company", with its core technologies as "the battery, the computer software, and the proprietary motor".



Ian Wright was Tesla's third employee, joining a few months later. In February 2004, the company raised $7.5 million in  Series a funding , including $6.5 million from Elon Musk, who had received $100 million from the sale of his interest in Pay pal  two years earlier. Musk became the chairman of the board of directors and the largest shareholder of Tesla. J.B .  Straubel joined Tesla in May 2004 as  chief technical officer 

A lawsuit settlement agreed to by Eberhard and Tesla in September 2009 allows all five – Eberhard, Tarpenning, Wright, Musk, and Straubel – to call themselves co-founders.

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