Tesla, Inc., formerly Tesla Motors, Inc., designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage. The Automotive segment includes the design, development, manufacturing, and sales of electric vehicles. The Energy generation and storage segment includes the design, manufacture, installation, and sale or lease of stationary energy storage products and solar energy systems to residential and commercial customers, or sale of electricity generated by its solar energy systems to customers. The Company produces and distributes two fully electric vehicles, the Model S sedan and the Model X sport utility vehicle (SUV). It also offers Model 3, a sedan designed for the mass market. It develops energy storage products for use in homes, commercial facilities and utility sites.
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Tesla Motors Inc. is a pioneer in the design, production and sale of electric cars, as well as one of the largest players in the renewable energy industry (for example, solar-powered systems), and not only in the field of its generation, but also storage. However, the company gained worldwide fame due to the release of several innovative models of cars based on electric motors, which, thanks to truly advanced technologies and futuristic design, drew attention of the media and consumers far from the car industry.
The mass popularity has led to the fact that today the company's capitalization exceeds $500 bn and continues to grow steadily, bringing profit to investors who have acquired TSLA shares.
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