January 21, 2017 3:24 PM ET

Automobiles

Company Overview of Tesla Motors, Inc.

Company Overview

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and stationary energy storage products in the United States, China, Norway, and internationally. It primarily offers sedans and sport utility vehicles. The company also offers electric vehicle powertrain components and systems to other manufacturers. It sells its products through a network of Tesla stores and galleries, as well as through Internet. In addition, the company designs, manufactures, installs, monitors, maintains, leases, and sells solar energy systems to government, residential, and commercial customers; and sells electricity generated by solar energy systems to customers. Tesla Motors, Inc. was foun...

3500 Deer Creek Road

Palo Alto, CA 94304

United States

Founded in 2003

13,058 Employees

Phone:

650-681-5000

Fax:

650-681-5101

Key Executives for Tesla Motors, Inc.

Co-Founder, Chairman of the Board, Chief Executive Officer and Product Architect
Age: 44
Total Annual Compensation: $37.6K
Chief Financial Officer
Age: 42
Total Annual Compensation: $46.2K
Chief Technology Officer
Age: 40
Total Annual Compensation: $250.6K
Vice President of Engineering
Age: 50
Total Annual Compensation: $306.9K
Compensation as of Fiscal Year 2015.

Tesla Motors, Inc. Key Developments

Tesla Motors Plans to Expand Operations in Northern Nevada and 500 Additional Jobs

Tesla Motors announced that it plans to expand its operations in northern Nevada with more than 500 additional jobs.

Tesla Motors Launches its New Autopilot Revision, Autopilot HW2

Tesla Motors is launching its new autopilot revision, Autopilot HW2. The product is a semi-autonomous system. While all of the company's cars sold since October 2016 have included the range of radar and ultrasonic sensors, 8 cameras and upgraded on-board computer, the full capabilities of the system have yet to be utilised. The company is launching its autopilot software that will take advantage of the new hardware at the 2017 North American International Auto Show. The update will affect 1,000 cars, with the rest running in 'shadow mode,' collecting data about what the car's AI would do if autopilot were active.

Tesla Motors Inc. and Panasonic Corp. Begin Battery Production at Joint Plant

Tesla Motors Inc. announced that it and Panasonic Corp. have launched mass production of lithium-ion battery cells at a plant being jointly built by the two companies outside Reno, Nevada. The Gigafactory is expected to be a major foothold for Panasonic to expand its production of battery cells for electric vehicles, considered a promising area of growth. Tesla hopes that mass battery production at the plant will help lower production costs for electric vehicles and promote their sales. Tesla constructed the plant's buildings. At the plant, Panasonic produces batteries while Tesla processes them into packs. The plant started part of operations in July 2016. The plant will make home- and office-use batteries for the time being and later expand the production to include batteries for electric vehicles. The plant is set to have an annual production capacity for batteries for 500,000 electric vehicles next year. Tesla expects the new plant to help reduce battery production costs by more than 30%. The company plans to put its new Model 3 sedan on sale 2017 for $35,000, about half the price of its existing model.

Similar Private Companies By Industry

Company Name Region
4-Star Trailers, Inc. United States
AA Truck Sleeper, LLC United States
Able Manufacturing & Assembly LLC United States
Accubuilt, Inc. United States
Advanced Containment Systems, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 8, 2016
Grohmann Engineering GmbH
Merger/Acquisition
June 21, 2016
SolarCity Corporation
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Tesla Motors, Inc., please visit www.tesla.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.