Tesla, Inc. (formerly named Tesla Motors) is an American automaker, energy storage company, and solar panel manufacturer based in Palo Alto, California. Founded in 2003, the company specializes in electric cars, lithium-ion battery energy storage, and through their SolarCity subsidiary, residential photovoltaic panels.
CEO Musk said that he envisions Tesla as a technology company and independent automaker, aimed at eventually offering electric cars at prices affordable to the average consumer. Tesla is named after Serbian electrical engineer and physicist Nikola Tesla.
The company's Model S was the world's best-selling plug-in electric car for in 2015 and 2016. Its global sales reached 150,000 units in November 2016. In September 2015 the company released its Model X, a crossover SUV. The Model 3 was released in July 2017. Tesla global sales passed 250,000 units in September 2017.
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.
Tesla also manufactures the Tesla Powerwall, Powerpack batteries, solar panels and solar roof tiles.
In 2016, Tesla topped Consumer Reports' Annual Owner Satisfaction Survey at 91%. In February 2017 Consumer Reports named Tesla as the top American car brand and ranked it 8th among global carmakers....LESS
BEIJING (AP) — Volvo Cars' performance electric car brand, Polestar, unveiled a four-seat coupe in lightweight carbon fiber as its first model Tuesday, adding to competition in a market dominated until now by Tesla.