User:Tejasm25

Tesla, Inc. (formerly Tesla Motors), founded in 2003, is an American multinational corporation based in Palo Alto, California, that specializes in electric vehicles, lithium-ion battery energy storage and solar panel manufacturing (through the subsidiary company SolarCity).[5][6][7][8][9] As of June 2018, Tesla sells the Tesla Model S, Model X, and Model 3 vehicles, Powerwall and Powerpack batteries, solar panels, solar roof tiles, and related products.

The company was conceived and founded in 2003 by Martin Eberhard and Marc Tarpenning.[10] Current CEO Elon Musk said that he envisions Tesla as a technology company and independent automaker,[11] aimed at eventually offering electric cars at prices affordable to the average consumer.[12][13] The company enjoys various forms of federal and state subsidy, which it was estimated in 2015 amounted to at least $30,000 for each vehicle sold, or cumulatively $4.9 billion.[14][15] Tesla, Inc. was named for the electrical engineer and physicist Nikola Tesla by company co-founders Martin Eberhard and Marc Tarpenning.[16][17][18][19]

The company's Model S was the world's best-selling plug-in electric car in 2015 and 2016.[20][21][22] Global sales of the Model S reached the 200,000 unit milestone during the fourth quarter of 2017.[22] In September 2015, the company released its Model X, a crossover SUV. The Model 3 was released in July 2017.[23][24][25] Tesla production passed 300,000 vehicles in February 2018.[26]

Tesla operates multiple production and assembly plants, notably Gigafactory 1 near Reno, Nevada and its main vehicle manufacturing facility at Tesla Factory in Fremont, California. The Gigafactory primarily produces batteries and battery packs for Tesla vehicles and energy storage products.[27]

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