Tesla makes the Model 3 and Model Y electric cars and is led by Elon Musk.
Tesla was incorporated in 2003 by Martin Eberhard and Marc Tarpenning, with Elon Musk joining as an early major investor and later becoming chief executive. The company’s first production vehicle was the Roadster, launched in the late 2000s.
The Model 3 became Tesla’s mass-market sedan, while the Model Y is a compact crossover based on a related platform. Tesla also develops battery systems, charging infrastructure, and energy-storage products.
Tesla’s market capitalization has often been much larger than traditional automakers’ despite producing fewer vehicles than the largest global manufacturers. Investors have valued not only vehicle sales but also possible future growth in batteries, software, autonomy, and energy services. Market rankings remain sensitive to Tesla’s share price.