Tesla makes electric cars and batteries that store power for homes and utilities, and it develops self-driving software and humanoid robots. In 2023, its Model Y became the first electric vehicle to rank as the world's best-selling car. Buyers order the Model 3 sedan, Model Y SUV, or Cybertruck pickup directly from Tesla instead of through dealers, and they charge on its Supercharger fast-charging network. It also sells Megapack and Powerwall batteries, runs a robotaxi service, and charges drivers a monthly fee for self-driving software that still needs their supervision. Tesla was founded in 2003, with Elon Musk as its lead early investor and a recognized co-founder, and it is based in Austin, Texas.
Company Size
10,001+
Company Stage
IPO
Headquarters
Austin, Texas
Founded
2003
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Elon Musk plans to build a semiconductor factory called Terafab in Texas, though he admits he has "no idea how to make microchips." He told customers and investors at the X Takeover event on Saturday, "we'll figure it out." The project involves Tesla and SpaceX, with Intel taking part. It calls for an initial investment of more than $15 billion and is expected to create 3,000 jobs. Musk believes his companies can eventually outperform chipmakers such as TSMC, Samsung, and Intel, though he said it could take several years. He plans to start with conventional equipment and modify it to speed up production. He called chipmaking "one of the hardest things to do in the world.
Simply Wall St has picked three founder-led stocks for October 2026, arguing that founders who still steer their companies are better placed for AI-driven change. The International Monetary Fund (IMF) warns AI could eventually affect about 40% of jobs worldwide. ATOSS Software (XTRA:AOF), a workforce management software firm, has a market cap of €1.39 billion. Cloud and subscription revenue makes up 53% of its total, with cloud annual recurring revenue of €109.8 million. Tesla (TSLA), led by founder-CEO Elon Musk, has a market cap of $1.51 trillion. It earns about $90.8 billion from automotive and $12.8 billion from energy generation and storage. Evolution AB, a live casino provider, has a market cap of SEK 154.5 billion and earns about €2.1 billion.
Morgan Stanley said last year that humanoid robots could become a $5 trillion market by 2050. The article names Micron, Tesla, and Alphabet as stocks that could benefit. Micron makes memory chips that robots need for AI inference and sensor processing. Its revenue rose 379% year over year in its fiscal 2026 fourth quarter, and it cites humanoid robots as a driver of future memory demand. Tesla sees its Optimus robots as its key source of value. Chief executive officer Elon Musk believes they can make Tesla a $25 trillion company; revenue rose 26% year over year in the second quarter. Alphabet offers cloud services, its Gemini AI model, and its own AI chips. Its Waymo unit delivers more than 500,000 paid robotaxi rides a week.
Tesla has opened its first Megacharger site for heavy-duty electric trucks, in partnership with Pilot. The site, in Ellabell, targets freight carriers on major US trucking corridors. Each stall delivers up to 1.2 megawatts and can recover 60% charge in 30 minutes. Tesla plans further sites in California, Texas, Nevada, Georgia, and Indiana. Separately, Tesla stock is among the first US equities tokenised for blockchain trading through Securitize on the Solana network. Investors will watch whether Megachargers spread beyond Ellabell and turn into a usable freight network. An analysis cited in the article puts Tesla's fair value at $396.
Tesla will show its Cybercab robotaxi at the Paris Motor Show on October 12, giving European audiences their first look at the vehicle. The Cybercab has no steering wheel or pedals and is designed to run without a driver. Tesla has indicated a European rollout could come as early as 2027. Tesla shares were down about 16% in 2026 as of October 7, closing near $377.8. The stock trades at about 343 times trailing earnings. Second-quarter revenue rose 26% to $28.24 billion, but net income fell 5% to $1.11 billion. Capital expenditure is expected to exceed $25 billion this year. European approval for a vehicle without traditional driving controls could take time.