company profile
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive; and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles. It also provides electric powertrain components and systems; and services for electric vehicles through its company-owned service locations, and Tesla mobile service technicians, as well as sells used vehicles. This segment markets and sells its products through a network of company-owned stores and galleries, as well as through its own Website. The Energy Generation and Storage segment offers energy storage products, such as rechargeable lithium-ion battery systems for use in homes, industrial, commercial facilities, and utility grids; and designs, manufactures, installs, maintains, leases, and sells solar energy generation and energy storage products to residential and commercial customers. It also provides vehicle insurance services, as well as renewable energy. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was founded in 2003 and is headquartered in Palo Alto, California.
vista's key points
- Tesla is founded and led by Elon Musk, a true visionary that continues to lead and evolve Tesla.
- Tesla's diversified but linked product offering includes electric cars, battery energy storage from home to grid scale, solar panels and solar roof tiles, as well as other related products and services.
- Tesla is leading the commercialization of autonomous vehicles technology.
- Tesla's ongoing and impressive learning cycles, with over 1 million electric vehicles on the road, should continue to give them an advantage and helo improve economies of scale.
- Tesla expects to increase vehicle deliveries by 37% in 2023 to 1.8 million vehicles.
- Tesla delivered a record 405,278 vehicles in the Q4/2022
- Tesla's full-year profit was bolstered by $1.78B in regulatory credits, up 21% from a year ago.
VISTA'S PROGRESS REPORT
Tesla’s measures to simplify its manufacturing continue to prove to be significant and should increase as volumes scale and could provide additional catalysts. Tesla stated on its Q4/2022 held on January 25, 2023 call, “relentless cost control and cost innovation is why we believe no other OEM is better equipped to navigate through 2023.”
Read Morevista's key points
- Tesla is founded and led by Elon Musk, a true visionary that continues to lead and evolve Tesla.
- Tesla's diversified but linked product offering includes electric cars, battery energy storage from home to grid scale, solar panels and solar roof tiles, as well as other related products and services.
- Tesla is leading the commercialization of autonomous vehicles technology.
- Tesla's ongoing and impressive learning cycles, with over 1 million electric vehicles on the road, should continue to give them an advantage and helo improve economies of scale.
- Tesla expects to increase vehicle deliveries by 37% in 2023 to 1.8 million vehicles.
- Tesla delivered a record 405,278 vehicles in the Q4/2022
- Tesla's full-year profit was bolstered by $1.78B in regulatory credits, up 21% from a year ago.
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