Tesla
Overview
Tesla Inc. is one of the world's leading manufacturers of battery electric vehicles. Led by CEO Elon Musk, the company holds approximately 15% of the global market share for new BEV sales and almost half of all US BEV sales.
Named in honor of inventor Nikola Tesla, the company was founded in 2003 by Martin Eberhard and Marc Tarpenning, when less than 10,000 EVs were in circulation. Musk became an early investor and chair of the board in 2004 before taking over as CEO in 2008—the same year the Tesla Roadster debuted. It demonstrated the viability of EVs, with a range of more than 200 miles on a single charge, and paved the way for future models, such as the Model 3 and the Cybertruck.
Amid competition in the EV space, Tesla's vertical integration and Supercharger network of charging stations have helped it sustain growth. The company's self-driving software has also made it appealing to consumers, despite safety issues.
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