![]() He released his visionary first Tesla master plan in 2006. ![]() In February 2004, via a $6.5 million investment, Elon Musk became the largest shareholder of the company. The company's name is a tribute to inventor and electrical engineer Nikola Tesla. Tesla was incorporated in July 2003 by Martin Eberhard and Marc Tarpenning as Tesla Motors. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3.99 gigawatt-hours (GWh) installed in 2021. Through its subsidiary Tesla Energy, the company develops and is a major installer of photovoltaic systems in the United States. In 2021, the company had the most worldwide sales of battery electric vehicles and plug-in electric vehicles, capturing 21% of the battery-electric (purely electric) market and 14% of the plug-in market (which includes plug-in hybrids). Tesla is one of the world's most valuable companies and is, as of 2023, the world's most valuable automaker. Tesla designs and manufactures electric vehicles ( electric cars and trucks), battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. ( / ˈ t ɛ s l ə/ TESS-lə or / ˈ t ɛ z l ə/ TEZ-lə ) is an American multinational automotive, artificial intelligence, and clean energy company headquartered in Austin, Texas.
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