TSLA - Tesla - Stock Price & Dividends

Tesla, Inc. is a pioneering company that specializes in designing, developing, manufacturing, leasing, and selling electric vehicles, as well as energy generation and storage systems. With operations spanning across the United States, China, and internationally, the company is divided into two main segments: Automotive and Energy Generation and Storage.

The Automotive segment is responsible for producing and selling electric vehicles, including sedans and sport utility vehicles. In addition to vehicle sales, this segment also generates revenue through the sale of automotive regulatory credits. Furthermore, Tesla offers a range of services, including non-warranty after-sales vehicle support, used vehicle sales, body shop and parts, supercharging, retail merchandise, and vehicle insurance services. To provide a seamless customer experience, Tesla operates a network of company-owned service locations, as well as Tesla mobile service technicians. The company also offers purchase financing and leasing services, allowing customers to acquire their vehicles through various payment plans.

One of the unique aspects of Tesla's Automotive segment is its direct sales model, which allows customers to purchase vehicles online or through Tesla's retail stores. This approach eliminates the need for traditional dealerships, enabling Tesla to maintain control over the sales experience and build a stronger relationship with its customers. Moreover, Tesla's vehicles are equipped with advanced technology, including Autopilot, a semi-autonomous driving system, and over-the-air software updates, which enable the company to continuously improve and expand the capabilities of its vehicles.

The Energy Generation and Storage segment focuses on designing, manufacturing, installing, selling, and leasing solar energy generation and energy storage products. These products are designed for residential, commercial, and industrial customers, as well as utilities. Tesla's energy products include solar panels, solar roof tiles, and energy storage systems, such as the Powerwall and Powerpack. The company also offers various financing options to its solar customers, making it more accessible for individuals and businesses to transition to renewable energy sources.

Tesla's energy products are designed to work seamlessly with its electric vehicles, enabling customers to generate and store their own clean energy. The company's energy storage systems can also provide backup power during grid outages, offering customers a reliable and sustainable energy solution. Through its website, stores, and galleries, as well as a network of channel partners, Tesla provides a range of services, including installation, maintenance, and repair, to support its energy product customers.

Founded in 2003 as Tesla Motors, Inc., the company changed its name to Tesla, Inc. in February 2017 to reflect its expanded product line and services. Headquartered in Austin, Texas, Tesla has established itself as a leader in the electric vehicle and clean energy industries, with a strong commitment to sustainability and innovation.