January 21, 2017 3:24 PM ET


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





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.

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