Tesla sales

Tesla sales DEFAULT

Tesla U.S Sales Figures

Tesla Motors was founded in 2003 and started building electric cars in 2008, led by Elon Musk, who had made his fortune by founding PayPal and other tech companies. The brand has always made 100% electric cars, starting with the Tesla Roadster, based on the platform of the Lotus Elise. In 2012, the company started production of its first mass-market EV sedan, the Model S, which put Tesla on the map as a disruptor of the automobile industry. In the fourth quarter of 2015, the Model X SUV with gullwing rear doors was launched, followed by the Model 3 sedan in 2017, which has become the most successful electric car so far and the first electric model to become “mainstream”, offering better value and performance than its ICE rivals.

Tesla was the first manufacturer to reach 200,000 cumulative sales of EVs in the United States, reaching the end of its government subsidy cap of $7,500 per vehicle sold, which means from January 2020 no Tesla vehicle sold in the US will receive any subsidies. General Motors is the second manufacturer to reach that level, with subsidies ending April 2020 while all other manufacturers are still far behind and thus still enjoying their tax credits.

Also find Tesla sales in Europe. Sales figures for the Tesla Model S, Model X, Model 3.

Monthly Vehicle Sales

Annual Vehicle Sales

Annual Vehicle Sales Chart

Market Share Chart

Please note: Tesla US monthly sales are estimates, the annual total are exact figures based on the company’s quarterly reports. From 2020 onwards we will no longer provide monthly estimates. You will find Q1 data in the March data field, Q2 data in June, Q3 data in September and Q4 data in December.

Sources: Manufacturers, ANDC

Sours: https://carsalesbase.com/us-tesla/

Press Releases

Tesla Q2 2021 Vehicle Production & Deliveries

Business Wire

PALO ALTO, Calif., July 2, 2021 – In the second quarter, we produced and delivered over 200,000 vehicles.  Our teams have done an outstanding job navigating through global supply chain and logistics challenges.

ProductionDeliveriesSubject to operating lease accounting
Model S/X2,3401,89018%
Model 3/Y204,081199,3607%
Total206,421201,2507%

***************

Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q2 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.

Investor Relations Contact:
[email protected]

Sours: https://ir.tesla.com/press-release/tesla-q2-2021-vehicle-production-deliveries
  1. Instanton aruba
  2. Xfinity home
  3. Sixthreezero electric bike review
  4. Farmhouse brick steps
  5. Mulberry farms

Tesla, Inc.

American automotive and energy company

This article is about the electric vehicle manufacturer and clean energy company. For other uses, see Tesla.

"Tesla Motors" redirects here. For Nikola Tesla's motors, see Induction motor and AC motor.

Tesla Motors.svg
Tesla HQ on Deer Creek (47619420882).jpg

Previous headquarters in Palo Alto

FormerlyTesla Motors, Inc. (2003–February 2017)
TypePublic

Traded as

ISINUS88160R1014
Industry
FoundedJuly 1, 2003; 18 years ago (2003-07-01)
FoundersSee § Founding
Headquarters

Austin, Texas

,

United States

Number of locations

598 retail stores/galleries and service centers (2021)

Area served

Key people

Products

Production output

  • Increase 509,737 vehicles (2020)
  • Increase 3 GWh battery energy storage systems (2020)
  • Increase 205 MW solar (2020)
Services
RevenueIncreaseUS$31.5 billion (2020)

Operating income

IncreaseUS$2 billion (2020)

Net income

IncreaseUS$721 million (2020)
Total assetsIncreaseUS$52.2 billion (2020)
Total equityIncreaseUS$22.2 billion (2020)
Owner

Number of employees

Increase 70,757 (2020)
Subsidiaries
Websitetesla.com
Footnotes / references
[1][2][3][4][5]

Tesla, Inc. (TESS-lə or TEZ-lə[a]) is an American electric vehicle and clean energy company based in Austin, Texas, United States. Tesla designs and manufactures electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. In 2020, Tesla had the most sales of battery electric vehicles and plug-in electric vehicles, capturing 16% of the plug-in market (which includes plug-in hybrids) and 23% of the battery-electric (purely electric) market. Through its subsidiary Tesla Energy, the company develops and is a major installer of photovoltaic systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3 gigawatt-hours (GWh) installed in 2020.

Founded 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 US$6.5 million investment, X.com co-founder Elon Musk became the largest shareholder of the company and its chairman. He has served as CEO since 2008. According to Musk, the purpose of Tesla is to help expedite the move to sustainable transport and energy, obtained through electric vehicles and solar power. Tesla began production of its first car model, the Roadster, in 2009. This was followed by the Tesla Model S sedan in 2012, the Tesla Model X SUV in 2015, the Tesla Model 3 sedan in 2017, and the Tesla Model Y crossover in 2020. The Tesla Model 3 is the all-time best-selling plug-in electric car worldwide, and, in June 2021, became the first electric car to sell 1 million units globally.[7] Tesla's global vehicle sales were 499,550 units in 2020, a 35.8% increase over the previous year.

Tesla has been the subject of several lawsuits and controversies arising from statements and acts of CEO Elon Musk and from allegations of creative accounting, whistleblower retaliation, worker rights violations, and unresolved and dangerous technical problems with their products. In September 2021, the National Highway Traffic Safety Administration (NHTSA) ordered Tesla to submit data pertaining to all sold US vehicles equipped with Autopilot.

History

Main article: History of Tesla, Inc.

Founding (2003–2004)

The company was incorporated as Tesla Motors, Inc. on July 1, 2003, by Martin Eberhard and Marc Tarpenning.[8] Eberhard and Tarpenning served as CEO and CFO, respectively.[9] Eberhard said he wanted to build "a car manufacturer that is also a technology company", with its core technologies as "the battery, the computer software, and the proprietary motor".[10]

Ian Wright was Tesla's third employee, joining a few months later.[8] In February 2004, the company raised US$7.5 million in series A funding, including $6.5 million from Elon Musk, who had received $100 million from the sale of his interest in PayPal two years earlier. Musk became the chairman of the board of directors and the largest shareholder of Tesla.[8][11][9]J. B. Straubel joined Tesla in May 2004 as Chief Technical Officer.[8]

A lawsuit settlement agreed to by Eberhard and Tesla in September 2009 allows all five – Eberhard, Tarpenning, Wright, Musk, and Straubel – to call themselves co-founders.[12]

Roadster (2005–2009)

Main article: Tesla Roadster (first generation)

Musk took an active role within the company and oversaw Roadster product design at a detailed level, but was not deeply involved in day-to-day business operations.[13] From the beginning, Musk consistently maintained that Tesla's long-term goal was to create affordable mass market electric vehicles.[14] The company’s strategy was to start with a premium sports car aimed at early adopters and then move into more mainstream vehicles, including sedans and affordable compacts.[15]

In February 2006, Musk led Tesla's Series B venture capital funding round of $13 million, which added Valor Equity Partners to the funding team.[16][11] Musk co-led the third, $40 million round in May 2006 which saw investment from prominent entrepreneurs including Google co-founders Sergey Brin and Larry Page, and former eBay President Jeff Skoll.[17] A fourth round worth $45 million in May 2007 brought the total private financing investment to over $105 million.[17]

Prototypes of Tesla's first car, the Roadster, were officially revealed to the public on July 19, 2006, in Santa Monica, California, at a 350-person invitation-only event held in Barker Hangar at Santa Monica Airport.[18]

In August 2007, Eberhard was asked by the board, led by Elon Musk, to step down as CEO.[19] Eberhard then took the title of "President of Technology" before ultimately leaving the company in January 2008. Co-founder Marc Tarpenning, who served as the Vice President of Electrical Engineering of the company, also left the company in January 2008.[20] In August 2007, Michael Marks was brought in as interim CEO, and in December 2007, Ze'ev Drori became CEO and President.[21] Musk succeeded Drori as CEO in October 2008.[21] In June 2009, Eberhard filed a lawsuit against Musk for allegedly forcing him out.[22]

Tesla began production of the Roadster in 2008.[23]

By January 2009, Tesla had raised $187 million and delivered 147 cars. Musk had contributed $70 million of his own money to the company.[24]

In June 2009, Tesla was approved to receive $465 million in interest-bearing loans from the United States Department of Energy. The funding, part of the $8 billion Advanced Technology Vehicles Manufacturing Loan Program, supported engineering and production of the Model S sedan, as well as the development of commercial powertrain technology.[25] Tesla repaid the loan in May 2013, with $12 million interest.[26][27]

IPO, Model S, and Model X (2010–2015)

In May 2010, Tesla purchased what would later become the Tesla Factory in Fremont, California, from Toyota for $42 million,[28] and opened the facility in October 2010 to start production of the Model S.[29] On June 29, 2010, the company became a public company via an initial public offering (IPO) on NASDAQ, the first American car company to do so since the Ford Motor Company had its IPO in 1956.[30] The company issued 13.3 million shares of common stock at a price of $17.00 per share, raising $226 million.[31]

In January 2012, Tesla ceased production of the Roadster, and in June the company launched its second car, the Model S luxury sedan.[32] The Model S won several automotive awards during 2012 and 2013, including the 2013 Motor Trend Car of the Year,[33] and became the first electric car to top the monthly sales ranking of a country, when it achieved first place in the Norwegian new car sales list in September 2013.[34] The Model S was also the best-selling plug-in electric car worldwide for the years 2015 and 2016.[35]

Tesla announced the Tesla Autopilot, a driver-assistance system, in 2014. In September that year, all Tesla cars started shipping with sensors and software to support the feature, with what would later be called "hardware version 1".[36] In April 2015, Tesla entered the energy storage market, unveiling its Tesla Powerwall (home) and Tesla Powerpack (business) battery packs.[37] The company received orders valued at $800 million within a week of the unveiling.[38]

Tesla began shipping its third vehicle, the luxury SUV Tesla Model X, in September 2015, at which time it had 25,000 pre-orders.[39][40]

SolarCity and Model 3 (2016–2018)

In November 2016, Tesla acquired SolarCity, in an all-stock $2.6 billion deal, and entered the photovoltaics market.[41] The solar installation business was merged with Tesla's existing battery energy storage products division to form the Tesla Energy subsidiary.[42] The deal was controversial because at the time of the acquisition, SolarCity was facing liquidity issues of which Tesla's shareholders were not informed.[43]

In February 2017, Tesla Motors changed its name to Tesla, Inc., to better reflect the scope of its expanded business, which now included electric vehicles, battery energy storage systems, and solar power generation.[44][45][46]

That year Tesla also started its philanthropic effort. Tesla made multiple contributions of solar power to areas recovering from disasters in 2017, in particular installing a solar plus storage system to restore electricity at a hospital in Puerto Rico, following the destruction from Hurricane Maria.[47][48] In July 2018, the company donated $37.5 million to kindergarten to 12th grade science, technology, engineering, and mathematics education in Nevada.[49] In January 2020, Tesla donated 5 million Yuan ($723,000) to the Chinese Center for Disease Control and Prevention to fight the COVID-19 pandemic in mainland China.[50][51]

Tesla began selling its fourth vehicle model, the Model 3 sedan, in July 2017.[52] The Model 3 was a cheaper vehicle compared to previous Tesla vehicles, and intended to be for the mass market. It was highly anticipated, which prompted the company to try to speed up production.[53] By August 2017, there were 455,000 reservations for the Model 3.[54] The rollout was plagued by delays and production problems.[55] This increased pressure on the company, which at this time was one of the most shorted companies in the market.

In August 2018, CEO Elon Musk briefly considered taking Tesla private.[56][57] The plan did not materialize, and gave rise to much controversy and many lawsuits including a securities fraud charge from the SEC. By the end of 2018, the production problems had been overcome, and the Model 3 was the world's best selling plug-in electric car for the year.[58]

Global expansion (2019–present)

Tesla opened its first "Gigafactory" outside the United States in Shanghai, China, in 2019. Giga Shanghai was the first automobile factory in China fully owned by a foreign company, and was built in less than 6 months.[59] The following year Tesla also started construction on a new Gigafactory in Berlin, Germany, and another in Texas, United States. In March 2020, Tesla began deliveries of its fifth vehicle model, the Model Ycrossover.[60]

On January 10, 2020, Tesla reached a market capitalization of $86 billion, breaking the record for greatest valuation of any American automaker.[61] On June 10, 2020, Tesla's market capitalization surpassed those of BMW, Daimler and Volkswagen combined.[62] The next month, Tesla reached a valuation of $206 billion, surpassing Toyota's $202 billion to become the world's most valuable automaker by market capitalization.[63] On August 31, 2020, following this increase in value, Tesla had a 5-for-1 stock split.[64]

From July 2019 to June 2020, Tesla reported four profitable quarters in a row for the first time, which made it eligible for inclusion in the S&P 500.[65] Tesla was added to the index on December 21, 2020.[66] It was the largest company ever added, and the sixth-largest company in the index at the time of its inclusion.[66] As investors tried to buy more shares as a result of this inclusion, some analysts, such as J.P. Morgan's Ryan Brinkman, suggested investors exercise caution as Tesla was "dramatically" overvalued.[67] Throughout 2020, the share price of Tesla increased 740%,[68] and on January 26, 2021, its market capitalization reached $848 billion,[69] more than the next nine largest automakers combined and making it the 5th most valuable company in the US.[70][71]

In this period, Tesla also went on an acquisition spree, buying a handful of little-known companies: Grohmann, Perbix, Riviera, Compass and Hibar Systems to advance Tesla’s expertise in automation along with Maxwell Technologies and SilLion to add to Tesla’s abilities in battery technology.[72] Maxwell Technologies and Grohmann (renamed Tesla Grohmann Automation) would continue to operate as subsidiary companies, while the rest would be merged into Tesla. In July 2021, Musk acknowledged that Tesla had sold Maxwell Technologies to the former VP of sales for Maxwell.[73]

In October 2020, Tesla told Electrek that they had dissolved their public relations department (with the exception of a few PR managers representing Tesla's European and Asian markets), becoming the first automaker to do so.[74]

Tesla hit its goal of building a half-million cars in 2020.[75] The company ended the year with over $19 billion of cash,[76] compared to $6.3 billion at the end of 2019.[77]

In February 2021, Tesla revealed that it had invested some $1.5 billion in Bitcoin in 2020[76][78] and on March 24 the company started accepting Bitcoin as a form of payment for vehicle purchases in the United States and stated that they would introduce Bitcoin payment in other countries later that year.[79] At the time, Musk tweeted that “Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.”[80] It was later revealed in financial documents that between January 1 and March 31, 2021, Tesla had made a $101 million profit on the sale of bitcoin. After 49 days of accepting the digital currency, the company reversed course on May 12, 2021, saying they would no longer take Bitcoin due to concerns that "mining" the cryptocurrency was contributing to the consumption of fossil fuels and climate change.[81] The decision resulted in the price of Bitcoin dropping around 12% on May 13.[82] During a July Bitcoin conference, Musk suggested Tesla could possibly help Bitcoin miners switch to renewable energy in the future and also stated at the same conference that if Bitcoin mining reaches, and trends above 50 percent renewable energy usage, that "Tesla would resume accepting bitcoin." The price for bitcoin rose after this announcement.[83]

Automotive products

"Tesla electric car" redirects here. It is not to be confused with Nikola Tesla electric car hoax.

As of June 2021[update], Tesla offers four car models: Model S, Model X, Model 3, and Model Y. Tesla's first vehicle, the first-generation Tesla Roadster, is no longer sold. Tesla has plans for a second-generation roadster, a semi, and a pickup called the Cybertruck.

In production

Model S

Main article: Tesla Model S

The Model S is a five-door liftbacksedan. Deliveries began on June 22, 2012.[84] The car became the first electric vehicle to top the monthly sales ranking in any country, when it achieved first place in the Norwegian new car sales list in September 2013.[85][34] The Model S won the 2013 Motor Trend Car of the Year,[33] the 2013 "World Green Car",[86]Automobile magazine's 2013 "Car of the Year",[87]Time magazine's Best 25 Inventions of the Year 2012 award,[88] as well as the 2019 Motor Trend "Ultimate Car of the Year".[89]

The Model S was the best-selling plug-in electric car worldwide for the years 2015 and 2016, selling an estimated 50,931 units in 2016.[35] By the end of 2017, it was the world's second best selling plug-in electric car in history (after the Nissan Leaf), with global sales of 200,000 units.[90] In June 2020, Tesla announced that the Model S Long Range Plus had an EPA range of 402 miles (647 km), the highest of any battery electric vehicle at the time.[91]

Model X

Main article: Tesla Model X

The Tesla Model X is a mid-sizecrossover SUV. It is offered in 5-, 6- and 7-passenger configurations. The Model X was developed from the full-sized sedan platform of the Model S. The rear passenger doors open vertically with an articulating "falcon-wing" design.

Deliveries started in September 2015.[92] In 2016, after one full year on the market, the Model X ranked seventh among the world's best-selling plug-in cars.[35] The United States is its main market, with an estimated 57,327 units sold through September 2018.

Model 3

Main article: Tesla Model 3

The Model 3 is a four-door fastback sedan. Tesla unveiled the Model 3 on March 31, 2016.[94] Potential customers began reserving spots earlier that day with a refundable deposit.[95] One week after the unveiling, Tesla reported over 325,000 reservations.[96]Bloomberg News claimed that, due to the number of reservations, "the Model 3's unveiling was unique in the 100-year history of the mass-market automobile."[97] Limited vehicle production began in July 2017.[98]

Since March 2020, the Model 3 is the world's best selling electric car in history, and cumulative global sales passed the 1 million milestone in June 2021.[7][99][100] The Model 3 has ranked as the world's best selling plug-in electric car for three consecutive years, from 2018 to 2020,[100][101] and also as the best selling plug-in electric car in the United States since 2018.[102][103][104] The Model 3 also set records in Norway and the Netherlands, as the best selling passenger car model in those countries in 2019.[105][106]

Model Y

Main article: Tesla Model Y

The Model Y is a compactcrossover utility vehicle. The Model Y is built on a platform that shares many components with the Model 3.[107] The car has up to three rows of seats (up to 7 people),[108] 68 cubic feet (1.9 m3) of cargo space (with the second and third rows folded),[109] and has a EPA range of up to 326 miles (525 km).[110]

The Model Y was unveiled on March 14, 2019.[111] Deliveries for the Model Y started on March 13, 2020. The Tesla Model Y is being manufactured at Tesla Factory in Fremont, California,[112] as well as in Giga Shanghai in China. A version of the Model Y is also expected to be produced at Giga Berlin once the factory is open.[113]

Future products

Roadster (second generation)

Main article: Tesla Roadster (second generation)

In a surprise reveal at the end of the event that introduced the Tesla Semi on November 16, 2017, Tesla unveiled the second generation Roadster. Musk said that the new model will have a range of 620 miles (1,000 km) with the 200 kilowatt-hours (720 MJ) battery pack and will achieve 0–60 miles per hour (0–97 km/h) in 1.9 seconds; it also will achieve 0–100 miles per hour (0–161 km/h) in 4.2 seconds,[114] and the top speed will be over 250 miles per hour (400 km/h). The SpaceX Package will include cold air thrusters that will increase the speed even more.[115] The vehicle will have three electric motors allowing for all-wheel drive and torque vectoring during cornering.[115]

At the time, the base price was set at $200,000, while the first 1,000 units (the Founder's series) will sell for $250,000.[115] Reservations required a deposit of $50,000, and those who ordered the Founder's series paid the $250,000 in full upon ordering. Those who made a reservation at the event were allowed a test drive (with a driver) in the prototype.[116] Deliveries are expected to start in 2022.[117]

Tesla Semi

Main article: Tesla Semi

The Tesla Semi is an all-electric Class 8semi-trailer truck announced in November 2017. Musk confirmed that two variants would be available: one with 300 miles (480 km) and one with 500 miles (800 km) of range.[118] The Semi will be powered by four electric motors of the type used in the Tesla Model 3 and will include an extensive set of hardware sensors to enable it to stay in its own lane, a safe distance away from other vehicles, and later, when software and regulatory conditions allow, provide self-driving operation on highways.[119] Musk also announced that the company would be involved in installing a solar-powered global network of Tesla Megachargers to make the Semi more attractive to potential long-haul customers. A 30-minute charge would provide 400 miles (640 km) of range.[120][121]

Musk initially said in 2017 that Semi deliveries would start in 2019 and be selling 100,000 trucks a year, but deliveries were later delayed to 2021. Part of the reason for this delay, according to Musk, is that the Semi includes five times more battery cells than their passenger cars, and the battery supply is not yet sufficient for both Tesla cars and the Semi.[122][123]

Cybertruck

Main article: Tesla Cybertruck

The Cybertruck is a pickup truck unveiled on November 21, 2019,[124] with production set for 2022. The truck's angular design had a mixed reception and some Wall Street analysts questioned whether American pickup truck buyers will have interest in the Cybertruck.[125][126][127] On September 22, 2020, Musk revealed roughly 600,000 Cybertruck preorders.[128] James Goodwin, chief executive of an Australian car safety organization, says that the angular design and steel construction of the Cybertruck may pose safety risks.[129] After the Cybertruck's unveiling, Musk announced that the Tesla Cyberquad, an electric four-wheel quad bike revealed alongside the Cybertruck, would be an optional accessory for Cybertruck buyers.[130]

Discontinued

Tesla Roadster

Main article: Tesla Roadster (first generation)

The only discontinued Tesla vehicle model is the original Tesla Roadster.[131] The Roadster was a two-seater sports car, evolved from the Lotus Elise chassis,[132] that was produced from 2008 to 2012. The Roadster was the first highway legal serial production all-electric car to use lithium-ion battery cells and the first production all-electric car to travel more than 200 miles (320 km) per charge. It is also the first production car to be launched into space; it was carried into a Mars-crossing orbit by a Falcon Heavy rocket test flight on February 6, 2018.[133]

Other concepts

On July 20, 2016, Musk detailed his new master plan for Tesla. It includes more affordable cars produced in higher volume, solar roofs, mid-size vehicles, SUVs and pickup trucks, as well as the refinement of autonomous vehicles and the creation of a sharing economy, in which cars can be active while the owner is not using them.[134] Tesla's plan also indicated building a minibus on the Model X platform,[135] but in May 2017, Musk indicated that he might favor a 10–12 passenger version of the Model X over a dedicated minibus design.[136] Musk dashed hopes for a Tesla motorcycle, saying "we're not going to do motorcycles".[137]

Also in 2016, Musk revealed Tesla's intention to produce a car cheaper than the Model 3.[138] In 2018, Musk indicated a plan to enter a new market segment, offering a compact hatchback in "less than five years".[139][140] In 2020, Musk said Tesla expects to have a $25,000 electric car within 3 years, which "will basically be on-par or slightly better than a comparable gasoline car".[141]

In April 2019, Musk announced Tesla's intention to launch an autonomous taxi service by the end of 2020 using more than 1 million Tesla vehicles.[142] A year later, in April 2020, Musk stated Tesla would not make the end of 2020 deadline but said, "we'll have the functionality necessary for full self-driving by the end of the year."[143]

Tesla Energy products

Main article: Tesla Energy

Two Tesla Powerwall 2 home energy storage devices from Tesla Energy

Tesla subsidiary Tesla Energy develops, builds, sells and installs solar energy generation systems and battery energy storage products (as well as related products and services) to residential, commercial and industrial customers.

The subsidiary was created by the merger of Tesla's existing battery energy storage products division with SolarCity, a solar energy company that Tesla acquired in 2016.[144]

Tesla Energy's generation products include solar panels (built by other companies for Tesla), the Tesla Solar Roof (a solar shingle system) and the Tesla Solar Inverter. Other products include the Powerwall (a home energy storage device) and the Powerpack and Megapack, which are large-scale energy storage systems.[145][146][147]

In 2020, the company deployed solar energy systems capable of generating 205 megawatts (ranked third in U.S. residential solar installations) and deployed 3 gigawatt-hours of battery energy storage products.[148]

Tesla Energy Software

Tesla has developed a software ecosystem to support its energy hardware products. Autobidder, Powerhub, Opticaster, Microgrid Controller and Virtual Machine Mode are the products that Tesla offers. [149]

Other services

Tesla receives service revenue from its vehicle customers after their initial purchase; these revenues reached $900 million in 2021 Q1.[150] As of August 2020[update], those services include vehicle servicing, charging, insurance, software upgrades, and improved connectivity.

Future services which have been discussed include: Autopilot as a subscription,[151] paying for a Wi-Fi hotspot in the car,[152] and the "Tesla network" (a ride-sharing offering).[153]

Charging

Supercharger network

Main article: Tesla Supercharger

In 2012, Tesla began building a network of 480-volt fast-charging Supercharger stations. As of November 2020[update], Tesla operates over 20,000 Superchargers in over 2,100 stations worldwide.[154] The Supercharger is a proprietary direct current (DC) technology that provides up to 250 kilowatts (kW) of power.[155] All Tesla cars except the first generation Roadster come standard with hardware to charge at Superchargers.[156] The navigation software in Tesla cars can recommend the fastest route for long-distance travel, incorporating charging stops.[157]

Model S and X cars ordered before January 15, 2017,[158] and between August 3, 2019[159] and May 26, 2020[160] received free unlimited supercharging. Model S and X cars ordered between January 15, 2017 and August 3, 2019 got 400 kWh (1,400 MJ) of free Supercharging credits per year, which provides a range of roughly 1,000 miles per year (1,600 kilometres per year).[161] Subsequent Tesla models never received free unlimited supercharging.[162]

Destination charging location network

Tesla "Destination Charger" in North America

In 2014, Tesla launched the "Destination Charging location" network by providing chargers to hotels, restaurants, shopping centers and resorts (and other locations where Tesla owners may spend an hour or more) to provide on-site vehicle charging at twice the power of a typical home charging station.[163]

Destination chargers are installed free of charge by Tesla-certified contractors; the locations must provide the electricity at no cost to their customers.[164] All destination chargers appear in the in-car navigation system.[165]

Software updates and upgrades

Tesla vehicles' software is regularly updated over-the-air when new software and firmware versions are released. This allows the cars to remain up to date and improve after purchase.[166] Tesla also offers the option to unlock features in the car through over-the-air software upgrades after purchase. Available upgrades include basic Autopilot, Full Self Driving,[167] acceleration boost (for Model 3 owners),[168] and rear-heated seats (for Model 3 owners).[169]

Connectivity

All Tesla cars come with "Standard Connectivity" which provides navigation using a cellular connection, and the following only over Wi-Fi or Bluetooth: internet browsing, music streaming (with a paid subscription), and, when parked, video streaming and "caraoke".[170] "Premium Connectivity" adds cellular access to those features and also provides live traffic and satellite maps for navigation.[170][171]

Vehicle servicing

Tesla service strategy is to service its vehicles first through remote diagnosis and repair. If it's not possible to resolve a problem remotely, customers are referred to a local Tesla-owned service center, or a mobile technician is dispatched.[172][173] Tesla has said that it does not want to make a profit on vehicle servicing, which has traditionally been a large profit center for most auto dealerships.[174]

In 2016, Tesla recommended having any Tesla car inspected every 12,500 miles or once a year, whichever comes first. In early 2019, the manual was changed to say: "your Tesla does not require annual maintenance and regular fluid changes," and instead it recommends periodic servicing of the brake fluid, air conditioning, tires and air filters.[175]

Insurance

On June 4, 2017, the American Automobile Association raised insurance rates for Tesla owners following a report from the Highway Loss Data Institute.[176] The report concluded that the Model S crashes 46% more often and is 50% more expensive to repair than comparable vehicles.[176] Similarly, the Model X was concluded to crash 41% more often and to be 89% more expensive to repair than similar vehicles.[176] As a result, AAA raised insurance rates on Tesla cars by 30%.[176] Tesla said that the analysis is "severely flawed and not reflective of reality", however, Tesla failed to provide any contradictory numbers.[176] Shortly thereafter, Russ Rader, the spokesman for the Insurance Institute for Highway Safety, confirmed the AAA's analysis and that "Teslas get into a lot of crashes and are costly to repair afterward".[177][178] The following year, an analysis of claim frequency and insurance cost data by the Insurance Institute for Highway Safety conducted by financial research provider 24/7 Wall St. found that the Tesla Model S and Model X were the two most expensive vehicles to insure.[179] Musk stated that he expects these insurance rates will greatly decrease once driver-assist and self-driving technology become commonplace.[179]

Starting in October 2017, Tesla partnered with Liberty Mutual Insurance Company to offer US customers an insurance plan designed specifically for Tesla cars.[180][181] In August 2019, this partnership was superseded by a partnership with State National Insurance,[182][183] but was initially only available to Tesla owners in California.[182] In July 2020, Musk, relying on data obtained through the partnership with State National Insurance, announced that Tesla was creating its own "major" insurance company.[184] Tesla claims the insurance uses individual vehicle data to offer personalized pricing.[184]

Business strategy

At the time of Tesla's founding in 2003, electric vehicles were very expensive.[185] In 2006, Elon Musk stated that Tesla's strategy was to first produce high-price, low volume vehicles, such as sports cars, for which customers are less sensitive to price. This would allow them to progressively bring down the cost of batteries, which in turn would allow them to offer cheaper and higher volume cars.[15][186] Tesla's first vehicle, the Roadster, was low-volume (less than 2,500 were produced) and priced at over $100,000. The next models, the Model S and Model X, are more affordable but still luxury vehicles. The most recent models, the Model 3 and the Model Y, are priced still lower, and aimed at a higher volume market,[14][187] selling over 100,000 vehicles each quarter. Tesla continuously updates the hardware of its cars rather than waiting for a new model year, as opposed to nearly every other car manufacturer.[188]

Unlike other automakers, Tesla does not rely on franchised auto dealerships to sell vehicles. Instead, the company directly sells vehicles through its website and a network of company-owned stores. Some jurisdictions, particularly in the United States, prohibit auto manufacturers from directly selling vehicles to consumers. In these areas, Tesla has locations that it calls galleries that the company says "educate and inform customers about our products, but such locations do not actually transact in the sale of vehicles."[5][189] In total, Tesla operates nearly 400 stores and galleries in more than 35 countries.[190] These locations are typically located in retail shopping districts, or inside shopping malls, instead of near other auto dealerships.[191][192][193]

Tesla does not pay for direct advertisement.[194] The company aims to educate customers through its showrooms situated in malls and other high-traffic areas,[195] and sells its vehicles online rather than through a conventional dealer network.[196][195] The company is the first automaker in the United States to sell cars directly to consumers.[197][198]

Tesla has a high degree of vertical integration, reaching 80% in 2016.[200] The company produces vehicle components as well as building proprietary stations where customers can charge their vehicles. Vertical integration is rare in the automotive industry, where companies typically outsource 80% of components to suppliers and focus on engine manufacturing and final assembly.[201][202]

Tesla generally allows its competitors to license its technology, stating that it wants to help its competitors accelerate the world's use of sustainable energy.[203] Licensing agreements include provisions whereby the recipient agrees not to file patent suits against Tesla, or to copy its designs directly.[204] Tesla retains control of its other intellectual property, such as trademarks and trade secrets to prevent direct copying of its technology.[205]

Technology

Tesla develops many components in-house, such as batteries, motors, and software.[200]

Vehicle batteries

Tesla was the first automaker to use batteries containing thousands of small, cylindrical, lithium-ion commodity cells like those used in consumer electronics.[206][207][208] Tesla uses a version of these cells that is designed to be cheaper to manufacture and lighter than standard cells by removing some safety features; according to Tesla, these features are redundant because of the advanced thermal management system and an intumescent chemical in the battery to prevent fires.[209]

The batteries are placed under the vehicle floor. This saves interior and trunk (boot) space but increases the risk of battery damage by debris or impact (see crashes and fires). After two vehicle fires in 2013 due to road debris, the Model S was retrofitted with a multi-part aluminum and titanium protection system to reduce the possibility of damage.[210]

In 2016, former Tesla CTO J.B. Straubel expected batteries to last 10–15 years,[211] and discounted using electric cars to charge the grid with vehicle-to-grid because the related battery wear outweighs economic benefit.[212] He also preferred recycling over re-use for grid once they reach the end of their useful life for vehicles.[212][213] Tesla launched its battery recycling operation at Giga Nevada in 2019.[214]

Panasonic is Tesla's supplier of cells in the United States, and cooperates with Tesla in producing cylindrical 2170 batteries at Giga Nevada.[215] As of January 2021, Panasonic has the capacity to produce 39 GWh per year of batteries at Giga Nevada.[216] Tesla's battery cells used in Giga Shanghai are supplied by Panasonic and Contemporary Amperex Technology (CATL), and are the more traditional prismatic (rectangular) cells used by other automakers.[217]

Battery research

Tesla invests in lithium-ion battery research. Starting in 2016, the company established a 5-year battery research and development partnership at Dalhousie University in Nova Scotia, Canada, with lead researcher Jeff Dahn.[218][219][220][221] Tesla acquired two battery companies: Maxwell Technologies, acquired for over $200 million[222] - but sold in 2021[223] and Hibar Systems.[224][225]

During Tesla's Battery Day event on September 22, 2020, Tesla announced the next generation of batteries, featuring a tab-less battery design to increase the range and decrease the price of Tesla vehicles.[226] The new battery is named the "4680" in reference to its dimensions: 46 millimetres (1.8 in) wide by 80 millimetres (3.1 in) tall.[227] Notably, Musk did not show any physical prototypes or examples of 4680 batteries at the event.[228] Two weeks before Battery Day, Tesla paid a total of $3 to buy several battery manufacturing patent applications from Springpower International, a small Canadian battery company.[229][230]

Tesla predicted the new batteries could be up to 56% cheaper and allow the cars to have a 54% longer range.[231] The company said this would be achieved by a more efficient production process, new battery design, cheaper resources for the anode and cathode, and better integration into the vehicle.[232] Business analysis company BloombergNEF estimated Tesla's battery pack price in 2020 at $115 per kWh, versus an industry average of $137 per kWh.[233] This is already close to $100 per kWh, the point at which the United States Department of Energy estimated electric cars would be the same cost to purchase as comparable gasoline-powered cars, which was expected to accelerate the sales of electric cars.[234]

Motors

Tesla makes two kinds of electric motors. Its oldest design in production is a three-phase four-pole alternating currentinduction motor with a copper rotor[235] (which inspired the Tesla logo), which is used as the rear motor in the Model S and Model X. Newer, higher-efficiency permanent magnet motors are used in the Model 3, Model Y, the front motor of 2019-onward versions of the Model S and X, and are expected to be used in the Tesla Semi.[236] The permanent magnet motors increase efficiency, especially in stop-start driving.[237]

Autopilot

Main article: Tesla Autopilot

Autopilot is an advanced driver-assistance system developed by Tesla. The system requires active driver supervision at all times.[238]

Since September 2014, all Tesla cars are shipped with sensors (initially hardware version 1 or "HW1") and software to support Autopilot.[239] Tesla upgraded its sensors and software in October 2016 ("HW2") to support full self-driving in the future.[240] HW2 includes eight cameras, twelve ultrasonic sensors, and forward-facing radar.[240] HW2.5 was released in mid-2017, and it upgraded HW2 with a second graphics processing unit (GPU) and, for the Model 3 only, a driver-facing camera.[241] HW3 was released in early 2019 with an updated and more powerful computer, employing a custom Tesla-designed system on a chip.[242]

In April 2019, Tesla announced that all of its cars will include Autopilot software (defined as just Traffic-Aware Cruise Control and Autosteer (Beta)) as a standard feature moving forward. Full self-driving software (Autopark, Navigate on Autopilot (Beta), Auto Lane Change (Beta), Summon (Beta), Smart Summon (Beta) and future abilities) is an extra cost option.

In 2020, Tesla released software updates where its cars recognize and automatically stop at stop signs and traffic lights.[244][245][246] In May 2021, Tesla removed the radar sensor and radar features from its Model 3 and Model Y vehicles, opting instead to rely on camera vision alone.[247][248][249]

Full self-driving

Main article: Tesla Autopilot § Full Self-Driving

Full self-driving (FSD) is an optional upcoming extension of Autopilot to enable fully autonomous driving. At the end of 2016, Tesla expected to demonstrate full autonomy by the end of 2017,[250] which as of July 2021[update] has not occurred.[251] The first beta version of the software was released on October 22, 2020 to a small group of testers.[252] The release of the beta has renewed concern regarding whether the technology is ready for testing on public roads.[253][254] The National Transportation Safety Board (NTSB) has called for "tougher requirements" for any testing of Autopilot on public roads.[255]

Tesla's approach to achieve full autonomy is different from that of other companies.[256] Whereas Waymo, Cruise, and other companies are relying on highly detailed (centimeter-scale) three-dimensional maps, lidar, and cameras, as well as radar and ultrasonic sensors in their autonomous vehicles, Tesla's approach is to use coarse-grained two-dimensional maps and cameras (no lidar) as well as radar and ultrasonic sensors.[256][257] Tesla claims that although its approach is much more difficult, it will ultimately be more useful, because its vehicles will be able to self-drive without geofencing concerns.[258] Tesla's self-driving software is being trained on over 20 billion miles driven by Tesla vehicles as of January 2021.[259] Tesla also designed a self-driving computer chip that has been installed in its cars since March 2019.[260]

Most experts believe that Tesla's approach of trying to achieve full self-driving by eschewing lidar and high-definition maps is not feasible.[261][262] In March 2021, according to a letter that Tesla sent to the California Department of Motor Vehicles about FSD’s capability (acquired by PlainSite via a public records request), Tesla stated that FSD is not capable of autonomous driving and is only at Society of Automotive Engineers Level 2 automation.[263] In a May 2021 study by Guidehouse Insights, Tesla was ranked last for both strategy and execution in the autonomous driving sector.[264]

Glass

In November 2016, the company announced the Tesla glass technology group. The group produced the roof glass for the Tesla Model 3. It also produces the glass used in the Tesla Solar Roofsolar shingles.[265]

Facilities

See also: List of Tesla factories

In addition to its corporate headquarters, the company operates four large factories in the United States and China with two more under construction. The company also operates showrooms and galleries around the world.[266][267]

Opened Name City Country Employees Products Notes
2010[28]Tesla Fremont FactoryFremont, California United States10,000[268]Model S, Model 3, Model X, Model Y[268]Tesla's first factory. Previously the GM/Toyota NUMMI joint venture factory.
2016[269]Giga NevadaStorey County, Nevada  United States7,000[270]Lithium-ion batteries, Powerwall, Powerpack, Megapack, Tesla Semi (future)[271]Also known as Gigafactory 1.
2017[272]Giga New YorkBuffalo, New York United States1,500[273]Solar shingles, Superchargers[273]Also known as Gigafactory 2.[273]
2019[274]Giga ShanghaiShanghai China2,000 Model 3, Model Y Also known as Gigafactory 3.
2021[275]Giga Berlin
(under construction)
Grünheide, Brandenburg Germany10,000[276]Lithium-ion batteries, Model 3, Model Y[275]Also known as Gigafactory 4.
2021[277]Giga Texas
(under construction)
Austin, Texas United States10,000[278]Cybertruck, Model 3, Model Y, Semi[279]Also known as Gigafactory 5.

United States

Main articles: Tesla Fremont Factory, Giga Nevada, Giga New York, and Giga Texas

Tesla was founded in San Carlos, California.[280] In 2010, Tesla moved its corporate headquarters and opened a powertrain development facility in Palo Alto.[281] In May 2020, after California's government had refused to let the Tesla factory reopen after a COVID-19 lockdown, Elon Musk threatened that he would move the company's headquarters from California to Texas or Nevada,[282] but as of June 2021[update] has taken no known steps to do so.

Tesla's first retail store was opened in 2008 in Los Angeles,[283] followed by others in major U.S. cities. As of September 2020[update], Tesla operates 130 stores and galleries in the United States,[284] has stores and galleries in 34 other countries,[285] and has 466 service centers globally.[286]

Tesla's first assembly plant occupies the former NUMMI plant in Fremont, California, known as the Tesla Factory. The factory was originally opened by General Motors in 1962, and then operated by a joint venture of GM and Toyota from 1984.[287] The original factory was closed in 2010, and was acquired by Tesla the same year.[28] By 2015, Tesla also occupied a second factory in Fremont a few miles from the original Fremont plant.[288]

The first major battery production facility was opened in Nevada in 2016. The Giga Nevada (originally Gigafactory 1) produces Powerwalls, Powerpacks and Megapacks;[269] battery cells in partnership with Panasonic;[289] and Model 3 battery packs and drivetrains.[290] The factory received substantial subsidies from the local and state government, that, in exchange for opening in their jurisdiction, allowed Tesla to operate essentially tax free for 10 years.[291]

As part of the acquisition of SolarCity in 2016, Tesla acquired Giga New York located in Buffalo, New York, on the site of a former Republic Steel plant. SolarCity had received incentives to locate its factory in Buffalo through the Buffalo Billion program.[292][293] In 2017, the factory started production of solar shingles for the Tesla Solar Roof.[272] Between 2017 and 2020 Tesla partnered with Panasonic to assemble photovoltaic modules at the plant.

On July 23, 2020, Tesla picked Austin, Texas, as the site of Gigafactory 5, since then known as Giga Texas. Tesla aims at opening the factory by the end of 2021.[277] Giga Texas is planned to be the main factory for the Tesla Cybertruck and the Tesla Semi; it will also produce Model 3 and Model Y cars for the Eastern United States.[294][279]

Tesla acquired a former JC Penney’s distribution center in 2021 to build a Megafactory to manufacture Megapacks.[295] The future location is anticipated to produce the next-generation Megapacks to use prismatic lithium iron phosphate batteries.[296]

Europe

Main articles: Tesla facilities in Tilburg and Giga Berlin

Tesla opened its first European store in June 2009 in London.[297] Tesla's European headquarters are in the Netherlands.[298] A 62,000-square-foot (5,800 m2) European service center operates in Tilburg, Netherlands, along with a 835,800-square-foot (77,650 m2) assembly facility that adds drivetrain, battery and software to the (imported) car body to reduce EU import tax, which depends on the location of final assembly.[299]

In late 2016, Tesla acquired German engineering firm Grohmann Engineering in Prüm as a new division dedicated to helping Tesla increase the automation and effectiveness of its manufacturing process.[300] After winding down existing contracts with other auto manufacturers, Grohmann now works exclusively on Tesla projects.[301]

Tesla announced its plans to build a car and battery Gigafactory in Europe in 2016.[302] Several countries campaigned to be the host,[303] and eventually Berlin was chosen in November 2019.[304] Construction began in June 2020,[305] and as of June 2021[update], start of production is planned for the end of 2021.[306]

Asia

Main article: Giga Shanghai

Tesla opened its first Japanese showroom in Tokyo, Japan, in October 2010.[308] By 2013, showrooms and service centers were operating in Hong Kong,[309]Beijing and Shanghai.[310] Two showrooms opened in South Korea in March 2017[311] and a service center opened there in late 2017.[312] In August 2017, Taiwan opened its first service center and showroom.[313]

In July 2018, Tesla signed an agreement with Chinese authorities to build a factory in Shanghai, China, which was Tesla's first Gigafactory outside of the United States.[314] The factory building was finished in August 2019, and the initial Tesla Model 3s were in production from Giga Shanghai in October 2019.[274]

In response to the Chinese military banning Tesla cars from entering military housing complexes, Elon Musk stated during the China Development Forum in March 2021 that the company would stop producing cars in the country if cars were being used to spy. The comment came shortly after a meeting of Chinese and U.S. diplomats in Alaska, in part over concerns of U.S. intervention in China's internal affairs.[315][316][317][318]

In 2020, China accounted for 21% Tesla vehicle sales revenue, and was the second largest market for Tesla after the United States, which accounted for 48% of its sales.[319][320]

Rest of the world

Tesla opened the first Australian showroom in Sydney in 2010,[321] followed by a showroom and service center in Melbourne in 2015.[322] By 2019, Tesla had opened 4 service centers in Australia.[323] In 2012, Tesla opened its first store in Canada in Toronto.[324]

The first expansion of Tesla in the Middle East was with the opening of a showroom and a service center in Dubai, United Arab Emirates (UAE), in 2017. Five ultra-fast superchargers were also built between cities in the UAE, with a planned 50 destination chargers by the end of 2017.[325] One of the first Tesla customers was Dubai's Roads and Transport Authority which ordered 200 Tesla Model S and Model X vehicles that were added to Dubai Taxi Corporation's fleet.[326] In May 2017, a service center and store in Amman, Jordan was opened.[327] In January 2020 a "pop-up" store in Tel Aviv, Israel was opened as well as a research and development center.[328]

Partners

Tesla's major partner is Panasonic, which is the main developer of battery cells for the company.

Panasonic

In January 2010, Tesla and battery cell maker Panasonic announced that they would together develop nickel-based lithium-ion battery cells for electric vehicles.[329] The partnership was part of Panasonic's $1 billion investment over three years in facilities for lithium-ion cell research, development and production.[330]

Beginning in 2010, Panasonic invested $30 million for a multi-year collaboration on new battery cells designed specifically for electric vehicles.[331] In July 2014, Panasonic reached a basic agreement with Tesla to participate in battery production at Giga Nevada.[332]

Tesla and Panasonic also collaborated on the manufacturing and production of photovoltaic (PV) cells and modules at the Giga New York factory in Buffalo, New York.[272] The partnership started in mid-2017 and ended in early 2020, before Panasonic exited the solar business entirely in January 2021.[333][334]

In March 2021, the outgoing CEO of Panasonic stated that the company plans to reduce its reliance on Tesla as their battery partnership evolves.[335]

Other current partners

In September 2020, Tesla signed a sales agreement with Piedmont Lithium to buy high-purity lithium ore for up to ten years,[336] specifically to supply "spodumene concentrate from Piedmont's North Carolinamineral deposit".[337]

Tesla also has a range of minor partnerships, for instance working with Airbnb and hotel chains to install destination chargers at selected locations.[338]

Former partners

Daimler AG

Daimler AG and Tesla began working together in late 2007. On May 19, 2009, Daimler bought a stake of less than 10% in Tesla for a reported $50 million.[340][341] As part of the collaboration, Herbert Kohler, Vice-President of E-Drive and Future Mobility at Daimler, took a Tesla board seat.[342] On July 13, 2009, Daimler AG sold 40% of its acquisition to Aabar. Aabar is an investment company controlled by the International Petroleum Investment Company (IPIC), which is owned by the government of Abu Dhabi.[343] In October 2014, Daimler sold its remaining holdings for a reported $780 million.[344]

Tesla supplied battery packs for Freightliner Trucks' Custom Chassis electric van in 2010.[345][346] The company also built electric-powertrain components for the Mercedes-Benz A-Class E-Cell, with 500 cars planned to be built for trial in Europe beginning in September 2011.[347][348]

Tesla produced and co-developed the Mercedes-Benz B250e's powertrain, which ended production in 2017.[349] The electric motor was rated 134 hp (100 kW) and 230 pound force-feet (310 N⋅m), with a 36 kWh (130 MJ) battery. The vehicle had a driving range of 200 km (124 mi) with a top speed of 150 km/h (93 mph).[350] Daimler division Smart produced the Smart ED2 cars from 2009 to 2012 which had a 14-kilowatt-hour (50 MJ) lithium-ion battery from Tesla.[351][352]

Toyota

In May 2010, Tesla and Toyota announced a deal in which Tesla purchased the former NUMMI factory from Toyota for $42 million, Toyota purchased $50 million in Tesla stock, and the two companies collaborated on an electric vehicle.[28]

In July 2010, the companies announced they would work together on a second generation Toyota RAV4 EV.[353] The vehicle was unveiled at the October 2010 Los Angeles Auto Show and 35 pilot vehicles were built for a demonstration and evaluation program that ran through 2011. Tesla supplied the lithium metal-oxide battery and other powertrain components[354][355] based on components from the Roadster.[8][356]

The production version was unveiled in August 2012, using battery pack, electronics and powertrain components from the Tesla Model S sedan (also launched in 2012).[357] The RAV4 EV had a limited production run which resulted in just under 3,000 vehicles being produced, before it was discontinued in 2014.[358][359]

According to Bloomberg News, the partnership between Tesla and Toyota was "marred by clashes between engineers".[360] Toyota engineers rejected designs that Tesla had proposed for an enclosure to protect the RAV4 EV's battery pack; Tesla used a similar design in its Model S sedan, which led to cars catching fire due to battery packs being punctured by road debris.[360] On June 5, 2017, Toyota announced that it had sold all of its shares in Tesla and halted the partnership.[361][362]

Mobileye

Main article: Tesla Autopilot

Initial versions of Autopilot were developed in partnership with Mobileye beginning in 2014.[363] Mobileye ended the partnership on July 26, 2016, citing "disagreements about how the technology was deployed."[364]

Lawsuits and controversies

Lawsuits

Main article: List of lawsuits involving Tesla, Inc.

Ongoing lawsuits

Tesla and Musk have been party to more than 1,000 lawsuits as of December 2020.[365] Some of Tesla's major legal problems pertain to Musk's August 7, 2018 tweet, "Am considering taking Tesla private at $420. Funding secured",[366] as the tweet caused the stock to initially rise but then drop when it was revealed to be false.[367][368][369] Musk settled fraud charges with the U.S. Securities and Exchange Commission (SEC) over his false statements in September 2018. According to the terms of the settlement, Musk agreed to have his tweets reviewed by Tesla's in-house counsel, he was removed from his chairman role at Tesla temporarily, and two new independent directors were appointed to the company's board.[370] Tesla and Musk also paid civil penalties of $20 million each.[370] A civil class-action shareholder lawsuit over Musk's statements and other derivative lawsuits were also filed against Musk and the members of Tesla's board of directors as then constituted, in relation to statements made and actions connected to a potential going-private transaction.[371][372]

In 2018 a class action was filed against Musk and the members of Tesla's board alleging they breached their fiduciary duties by approving Musk's stock-based compensation plan.[372] Musk received the first portion of his stock options payout, worth more than $700 million in May 2020.[373]

Other legal cases involve the acquisition of SolarCity. In 2016, Musk urged investors to approve the acquisition despite publicly recusing himself from involvement in the deal.[374] The consolidated shareholders lawsuit alleges that Musk knew SolarCity was going broke before the acquisition, that he and the Tesla board overpaid for SolarCity, ignored their conflicts of interest and breached their fiduciary duties in connection with the deal, and failed to disclose “troubling facts” essential to an analysis of the proposed acquisition.[375][376] The members of the board settled in 2020, leaving Musk as the only defendant.[376]

Several legal cases have revolved around alleged whistleblower retaliation. These include the firing of Tesla safety official Carlos Ramirez[377][378] and Tesla security employee Karl Hansen.[379] In January 2019, another former Tesla security manager and Hansen's supervisor Sean Gouthro filed a whistleblower complaint alleging that the company illegally hacked employees' phones and spied on them, while also failing to report illegal activities to the authorities and shareholders.[380][381][382]

Tesla filed a lawsuit against Alex Khatilov in January 2021, alleging that the former employee stole company information by downloading files related to its Warp Drive software to his personal Dropbox account.[383] Khatilov denies the allegation that he was acting as a "willful and malicious thief" and attributes his actions to an accidental data transfer.[384] Tesla has sued former employees in the past for similar actions; for example, Guangzhi Cao, a Tesla engineer, was accused of uploading Tesla Autopilotsource code to his iCloud account.[385]

Resolved lawsuits

In June 2018, Tesla employee Martin Tripp leaked information that Tesla was scrapping or reworking up to 40% of its raw materials at the Nevada Gigafactory.[386] After Tesla fired him for the leak, Tripp filed a lawsuit and claimed Tesla’s security team gave police a false tip that he was planning a mass shooting at the Nevada factory.[387][380] The court ruled in Tesla's favor on September 17, 2020.[388][389]

In September 2018, Tesla disclosed that it was under investigation by the U.S. Federal Bureau of Investigation (FBI) regarding its Model 3 production figures.[390] Authorities were investigating whether the company misled investors and made projections about its Model 3 production that it knew would be impossible to meet.[390] A stockholder class action lawsuit related to Model 3 production numbers (unrelated to the FBI investigation) was dismissed in Tesla's favor in March 2019.[391][392]

In August 2019, Walmart filed a multi-million dollar lawsuit against Tesla, claiming that Tesla's "negligent installation and maintenance" of solar panels caused roof fires at seven Walmart stores dating back to 2012.[393] Walmart reached a settlement with Tesla in November 2019; the terms of the settlement were not disclosed.[394]

In September 2019, a California judge ruled that 12 actions in 2017 and 2018 by Musk and other Tesla executives violated labor laws because they sabotaged employee attempts to unionize.[395][396]

In May 2021, a Norwegian judge found Tesla guilty of throttling charging speed through a 2019 over-the-air software update, awarding each of the 30 customers who were part of the lawsuit 136,000 Norwegian kroner ($16,000).[397] Approximately 10,000 other Norwegian Tesla owners may be granted a similar award.[397]

In July 2021, former employee Melvin Berry was awarded $1 million in his discrimination case in arbitration against Tesla after he was allegedly referred to by the "n-word" and forced to work longer hours at the company's plant in Fremont, California.[398][399][400]

In October 2021 a jury verdict in the Owen Diaz vs. Tesla trial awarded the plaintiff $137 million in damages after he faced racial harassment at Tesla's Fremont facility during 2015–2016.[401][402]

Controversies

See also: Criticism of Tesla, Inc.

Accounting issues

There have been numerous concerns about Tesla's financial reporting. In 2013, Bloomberg News questioned whether Tesla's financial reporting violated Generally Accepted Accounting Principles ("GAAP") reporting standards.[403]Fortune accused Tesla in 2016 of using creative accounting to show positive cash flow and quarterly profits.[404] In 2018, analysts expressed concerns over Tesla's accounts receivable balance.[405] In September 2019, the SEC questioned Tesla CFO Zach Kirkhorn about Tesla's warranty reserves and lease accounting.[406] Hedge fund manager David Einhorn accused Elon Musk in November 2019 of "significant fraud",[407] and publicly questioned Tesla's accounting practices, telling Musk that he was "beginning to wonder whether your accounts receivable exist."[408]

Battery swap technology

From 2012 to 2014, Tesla earned more than $295 million in Zero Emission Vehicle credits for a battery-swapping technology that was never made available to customers.[409][410] Staff at California Air Resources Board were concerned that Tesla was "gaming" the battery swap subsidies and in 2013 recommended eliminating the credits.[411]

COVID-19 pandemic in the United States

Tesla's early management of the COVID-19 pandemic in the United States has led to considerable controversy. Musk wanted the Tesla Fremont factory in Alameda County, California to be exempted from stay-at-home orders imposed for public health reasons by the county. In an earnings call in April, he called the public health orders "fascist".[412] In May 2020, while Alameda County officials were negotiating with the company to reopen the Fremont Factory on the 18th, Musk defied local government orders by restarting production at the factory on the 11th.[413] This act was in non-compliance with the governor's order for the state of California during the crisis.[414][415] Tesla filed a lawsuit against Alameda County but later rescinded it after the Fremont Factory was given approval to reopen.[416][417] Tesla published its detailed plan for bringing employees back to work and keeping them safe,[418] but CNBC reported some employees continued to express concern over lax coronavirus precautions.[419]

In June 2020, Tesla fired an employee who criticized the company for taking inadequate safety measures to protect workers from the coronavirus at the Fremont Factory.[420] Three more employees at Tesla's Fremont Factory also say they were fired for staying home out of fear of catching COVID-19, despite Musk telling workers in May that they could stay home if they felt uncomfortable coming back to work.[421] This was subsequently denied by Tesla, stating that the employees were still employed with the company.[422] According to Alameda County health records obtained by PlainSite, COVID-19 cases at the factory grew from 10 in May 2020 to 125 in December 2020, with about 450 total cases in that time period out of the approximately 10,000 workers at the plant (4.5%).[412][423]

Delays

Musk has been criticized for repeated pushing out both production and release dates of products.[424][425] By one count in 2016, Musk had missed 20 projections.[426] In October 2017, Musk predicted that Model 3 production would be 5,000 units per week by December.[427] A month later, he revised that target to "sometime in March" 2018.[428] Delivery dates for the Model 3 were delayed as well.[429] Other projects like converting supercharger stations to be solar-powered have also lagged projections.[430] Musk responded in late 2018: "punctuality's not my strong suit...I never made a mass-produced car. How am I supposed to know with precision when it's gonna get done?"[431]

Environmental violations

The United States Environmental Protection Agency fined Tesla for hazardous waste violations that occurred in 2017.[432] In June 2019, Tesla began negotiating penalties for 19 environmental violations from the Bay Area Air Quality Management District;[433] the violations centered on Tesla Fremont's paint shop, where there had been at least four fires between 2014 and 2019.[434] Environmental violations and permit deviations at Tesla's Fremont Factory increased from 2018 to 2019 with the production ramp of the Model 3.[435]

Profit-motivation

Sours: https://en.wikipedia.org/wiki/Tesla,_Inc.
Tesla Q2 2021 Global Sales Numbers

Please create an employee account to be able to mark statistics as favorites. Then you can access your favorite statistics via the star in the header.

Register now
Create Employee Account

Please authenticate by going to "My account" → "Administration". Then you will be able to mark statistics as favourites and use personal statistics alerts.

Authenticate

Basic Account

Get to know the platform

You only have access to basic statistics.

Single Account

The ideal entry-level account for individual users

  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$59 $39 / Month *

in the first 12 months

Corporate Account

Full access

Corporate solution including all features.

* Prices do not include sales tax.

The most important statistics

The most important statistics

The most important statistics

The most important statistics

The most important statistics

Further related statistics

Learn more about how Statista can support your business.

Tesla. (October 2, 2021). Number of Tesla vehicles delivered worldwide from 1st quarter 2016 to 3rd quarter 2021 (in 1,000 units) [Graph]. In Statista. Retrieved October 12, 2021, from https://www.statista.com/statistics/502208/tesla-quarterly-vehicle-deliveries/

Tesla. "Number of Tesla vehicles delivered worldwide from 1st quarter 2016 to 3rd quarter 2021 (in 1,000 units)." Chart. October 2, 2021. Statista. Accessed October 12, 2021. https://www.statista.com/statistics/502208/tesla-quarterly-vehicle-deliveries/

Tesla. (2021). Number of Tesla vehicles delivered worldwide from 1st quarter 2016 to 3rd quarter 2021 (in 1,000 units). Statista. Statista Inc.. Accessed: October 12, 2021. https://www.statista.com/statistics/502208/tesla-quarterly-vehicle-deliveries/

Tesla. "Number of Tesla Vehicles Delivered Worldwide from 1st Quarter 2016 to 3rd Quarter 2021 (in 1,000 Units)." Statista, Statista Inc., 2 Oct 2021, https://www.statista.com/statistics/502208/tesla-quarterly-vehicle-deliveries/

Tesla, Number of Tesla vehicles delivered worldwide from 1st quarter 2016 to 3rd quarter 2021 (in 1,000 units) Statista, https://www.statista.com/statistics/502208/tesla-quarterly-vehicle-deliveries/ (last visited October 12, 2021)

Sours: https://www.statista.com/statistics/502208/tesla-quarterly-vehicle-deliveries/

Sales tesla

Tesla sold record 56,006 China-made vehicles in Sept - CPCA

BEIJING, Oct 12 (Reuters) - U.S. electric vehicle (EV) maker Tesla Inc (TSLA.O) sold 56,006 China-made vehicles in September, the highest since it started production in Shanghai about two years ago, data from the China Passenger Car Association (CPCA) showed on Tuesday.

The September sales included 3,853 that were exported, the data showed.

Tesla, which is making Model 3 sedans and Model Y sport-utility vehicles in Shanghai, sold 44,264 China-made vehicles in August, including 31,379 that were exported.

Chinese EV makers Nio Inc (NIO.N) and Xpeng Inc (9868.HK) delivered over 10,000 vehicles each last month. Volkswagen AG (VOWG_p.DE) said it sold 10,126 ID. series EVs in China in September.

CPCA said passenger car sales in China in September totalled 1.6 million, down 17% from a year earlier.

Reporting by Yilei Sun and Brenda Goh; Editing by Jacqueline Wong and Muralikumar Anantharaman

Our Standards: The Thomson Reuters Trust Principles.

Sours: https://www.reuters.com/business/autos-transportation/tesla-sold-56006-china-made-vehicles-september-cpca-2021-10-12/
The world's best-selling electric car, warning for Tesla.

.

Similar news:

.



1519 1520 1521 1522 1523