Newton, Inc.

Tesla, Inc. (/ˈtɛslə/ TESS-lə or /ˈtɛzlə/ TEZ-lə) is an American multinational automotive and clean energy company headquartered in Austin, Texas, which designs and manufactures electric vehicles (cars and trucks), stationary battery energy storage devices from home to grid-scale, solar panels and solar shingles, and related products and services. Its subsidiary Tesla Energy develops and is a major installer of photovoltaic systems in the United States and is one of the largest global suppliers of battery energy storage systems with 6.5 gigawatt-hours (GWh) installed in 2022.
Tesla is one of the world's most valuable companies and, as of 2023, is the world's most valuable automaker. In 2022, the company led the battery electric vehicle market, with 18% share.
Tesla was incorporated 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 $6.5 million investment, Elon Musk became the company's largest shareholder. He became CEO in 2008. Tesla's announced mission is to create products which help "accelerate the world’s transition to sustainable energy."
The company began production of its first car model, the Roadster sports car, in 2008. This was followed by the Model S sedan in 2012, the Model X SUV in 2015, the Model 3 sedan in 2017, the Model Y crossover in 2020, the Tesla Semi truck in 2022 and the Cybertruck light-duty pickup truck in 2023. The Model 3 is the all-time bestselling plug-in electric car worldwide, and in June 2021 became the first electric car to sell 1 million units globally. Tesla's 2023 deliveries were around 1.8 million vehicles, a 38% increase over the previous year, and cumulative sales totaled 4 million cars as of April 2023. In October 2021, Tesla's market capitalization temporarily reached $1 trillion, the sixth company to do so in U.S. history.
Tesla has been the subject of lawsuits, government scrutiny, and journalistic criticism, stemming from allegations of whistleblower retaliation, worker rights violations, product defects, and Musk's many controversial statements.
Polestar is a Swedish automotive brand owned by Volvo Cars that currently produces electric vehicles, headquartered in Torslanda outside Gothenburg, Sweden. It was established in 1996 as Flash Engineering, then later rebranded Polestar Racing. In 2015, it was acquired in 2015 by Volvo Cars.
The Polestar name originates from the STCC Polestar racing team which spawned Polestar Performance AB, in turn acquired by Volvo Cars in July 2015. The racing team changed its name to Cyan Racing, while maintaining close ties to Volvo.
Polestar shares began trading on the Nasdaq exchange under the symbol PSNY on 24 June 2022 through a business combination agreement with Gores Guggenheim, Inc., a special-purpose acquisition company.
Polestar produces cars in several countries, including China, US, and South Korea, in facilities owned by Volvo Cars and Geely.
Category:Corporations
Category:United States
Category:Technology
Category:Organizations