Who is tesla owned by

Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. Tesla Inc. TSLA primarily designs and manufactures high-performance fully electric vehicles. The electric vehicle maker also provides energy generation and storage systems as well as services related to its products.

The goal was to design cars that would be less reliant on fossil fuels but as quick and as fun to drive as vehicles that run on gasoline. Within the last several years, Tesla has expanded its electric vehicle offerings with an SUV, called the Model Y, and two different types of trucks — the Tesla Semi and the Cybertruck. Tesla is still a relatively young company, but its rapid growth into the most valuable automaker has been supported by a number of key acquisitions, especially in recent years.

Those acquisitions have primarily been aimed at increasing manufacturing capacity, boosting operational speed and efficiency, and reducing costs. The company does not provide a breakdown of how much profit or revenue that each acquisition currently contributes.

SolarCity was founded in by two brothers who are cousins of Elon Musk. SolarCity designs, manufactures, and installs solar energy systems, and sells solar-generated electricity. In August , Tesla announced that it had reached an agreement to acquire SolarCity, completing the merger later that year. Despite the merger being approved by a majority of Tesla shareholders, a number of Tesla investors later filed a lawsuit against the company.

They claimed that the real motivation for the deal was to bail out SolarCity, which was beset with financial difficulties at the time. The company was founded in under the name Maxwell Laboratories Inc. It went public in and then changed its name to Maxwell Technologies Inc.

The manufacturer of energy storage and power delivery solutions specializes in making ultracapacitors, which are devices capable of holding many times more energy than standard capacitors.

Its products are used in a range of applications, including transportation, industrial, and grid energy storage. Both Zachary Kirkhorn and Jerome M. Guillen own 0. Elon Musk's Tesla has endured a rough couple of months in China.

Now he's working overtime to win Beijing back. Those sales have had no "discernable" impact on the company's share price, said Joe Bonner, an analyst at Argus Research. Shares of the company are up The closest comparison to Musk's decision to sell part of his stake may be Bill Gates, who divested his ownership in Microsoft by selling more than 20 million shares each quarter for more than a dozen years, analysts said.

Microsoft's shares continued to rise despite that consistent selling in part because investors saw the sales as part of Gates' plan to give to charity and not an indication of his faith in the company, said Dan Ives, an analyst at Wedbush Securities who has an outperform rating on Tesla shares.

Capable of covering miles between charges, it was honored as the Car of the Year by Motor Trend magazine. The news was an obvious boon to Tesla, which was looking to ramp up production and release its Model 3 sedan later that year.

The Model 3 was officially launched in early following extensive production delays. After initially aiming to produce 5, new Model 3 cars per week by December , Musk pushed that goal back to March , and then to June with the start of the new year. The announced delay didn't surprise industry experts, who were well aware of the company's production problems, though some questioned how long investors would remain patient with the process.

By April , with Tesla expected to fall short of first-quarter production forecasts, news surfaced that Musk had pushed aside the head of engineering to personally oversee efforts in that division. In a Twitter exchange with a reporter, Musk said it was important to "divide and conquer" to meet production goals and was "back to sleeping at factory.

After signaling that the company would reorganize its management structure, Musk in June announced that Tesla was laying off 9 percent of its workforce, though its production department would remain intact. In an email to employees, Musk explained his decision to eliminate some "duplication of roles" to cut costs, admitting it was time to take serious steps toward turning a profit.

The restructuring appeared to pay dividends, as it was announced that Tesla had met its goal of producing 5, Model 3 cars per week by the end of June , while churning out another 2, Model S sedans and Model X SUVs.

The following February, Musk announced that the company was finally rolling out its standard Model 3. Musk also said that Tesla was shifting to all-online sales, and offering customers the chance to return their cars within seven days or 1, miles for a full refund.

In November , Musk made another splash with the unveiling of the new Tesla Semi and Roadster at the company's design studio.

The semi-truck, which was expected to enter into production in before being delayed, boasts miles of range as well as a battery and motors built to last 1 million miles. The compact crossover, which began arriving for customers in March , has a driving range of miles and a 0 to 60 mph time of 3. The Roadster, also set to be released in , will become the fastest production car ever made, with a 0 to 60 time of 1.

His Tesla Motors Inc. He is a majority shareholder in each entity. In January , Musk launched The Boring Company, a company devoted to boring and building tunnels in order to reduce street traffic. He began with a test dig on the SpaceX property in Los Angeles. In late October of that year, Musk posted the first photo of his company's progress to his Instagram page.

He said the foot tunnel, which would generally run parallel to Interstate , would reach a length of two miles in approximately four months.

Funding secured. Several investors filed lawsuits on the grounds that Musk was looking to manipulate stock prices and ambush short sellers with his tweet. The CEO followed up with a letter on the company blog, calling the move to go private "the best path forward.

Six days later, Musk sought to clarify his position with a statement in which he pointed to discussions with the managing director of the Saudi Arabian sovereign wealth fund as the source of his "funding secured" declaration. He later tweeted that he was working on a proposal to take Tesla private with Goldman Sachs and Silver Lake as financial advisers. The saga took a bizarre turn that day when rapper Azealia Banks wrote on Instagram that, as a guest at Musk's home at the time, she learned that he was under the influence of LSD when he fired off his headline-grabbing tweet.

Banks said she overheard Musk making phone calls to drum up the funding he promised was already in place. The news quickly turned serious again when it was reported that Tesla's outside directors had retained two law firms to deal with the SEC inquiry and the CEO's plans to take the company private.