Tesla created the electric-car lineup that includes the Model S, Model 3, Model X, and Model Y.
Tesla was incorporated in 2003 by Martin Eberhard and Marc Tarpenning, with Elon Musk joining as an early major investor and becoming chairman. The company’s first production vehicle was the Roadster, introduced in 2008 and based on the Lotus Elise platform.
The Model S luxury sedan arrived in 2012, followed by the Model X SUV in 2015, the Model 3 sedan in 2017, and the Model Y crossover in 2020. Together, these vehicles helped Tesla move from a niche electric-car maker toward mass-market production.
Tesla is also involved in battery storage, solar energy products, charging infrastructure, and software. The company’s high market valuation has often reflected expectations about future electric-vehicle growth, not only its current vehicle sales.