Tesla, Inc. (TSLA)

Tesla is focused on bringing artificial intelligence into the real world through products and services such as Full Self-Driving (Supervised), the Robotaxi ride-hailing service launched in June 2025, and AI robots, including Optimus, a general purpose humanoid robot in development. It designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and it increasingly delivers AI-related software and services to customers. Its stated mission is building a world of amazing abundance, and it describes its vertically integrated model, engineering expertise and real-world AI work as differentiators.

The company reports two segments. The automotive segment covers electric vehicle design, manufacturing, sales and leasing, plus automotive regulatory credits, used vehicles, non-warranty maintenance and collision services, paid Supercharging, insurance, parts and merchandise. The energy generation and storage segment covers sales, leasing and financing of energy products, related services and energy generation incentives. Current vehicles are the Model 3, Model Y, Model S, Model X and Cybertruck, along with the Tesla Semi commercial truck, which began early production in 2022. Robotaxi currently runs on Model Y vehicles, with the purpose-built Cybercab planned. Energy products include Powerwall and Megapack lithium-ion storage, the Autobidder and Powerhub software platforms, solar panels, Solar Roof and a solar inverter. Tesla also develops its own vehicle control and infotainment software, powertrain and battery cell technology, and in-house inference chips, and trains its neural networks on its Cortex compute cluster at Gigafactory Texas.

Tesla generally sells directly to customers through its website and company-owned stores, supplemented by galleries that do not sell vehicles. Energy products go to residential, commercial, industrial and utility customers through its website, stores, channel partners and, for some commercial customers, power purchase agreements. It offers vehicle leasing and loan financing, extended service plans, insurance in 13 states, residential energy leases, and over-the-air paid features and subscriptions. It operates a growing global Supercharger network, open to non-Tesla vehicles, and provides service through company-owned centers and mobile technicians. Its business is affected by government incentives and regulation, including the Inflation Reduction Act as modified by the One Big Beautiful Bill Act, NHTSA vehicle safety rules and evolving autonomous vehicle laws.

Tesla manufactures in California, New York, Texas and Nevada in the U.S., and in China and Germany. Its parts come from thousands of global suppliers, with key partners for battery cells, electronics and complex assemblies. Some components are single-sourced, and it manages risk through multiple qualified suppliers, safety stock and die banks. Raw materials include aluminum, steel, lithium, nickel and copper, and an in-house lithium refinery in Texas began operations in January 2026. In 2026 the company plans to ramp six new production lines across vehicles, Bots, energy storage and battery manufacturing. It also announced a collaboration with Samsung to manufacture advanced semiconductors in the U.S.