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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The US Court of Appeals for the Ninth Circuit has reversed class certification in a lawsuit over Tesla's full self-driving (FSD) claims. The October 16, 2026 ruling in LoSavio v. Tesla covers two damages classes and one injunctive-relief class of California buyers. The panel found that individual questions about what each buyer saw before purchase made class treatment inappropriate. The challenged statement sat on an Autopilot page that buyers did not need to visit. The case returns to US District Judge Rita Lin and continues. Individual buyers can still sue, but few will, as legal costs would exceed their recovery. Tesla denies the claims. Tesla shares closed at $354.72, down 2.13%, in line with a broader tech selloff. It reports third-quarter results on October 21.
Tesla is taking $250,000 deposits for a Roadster that uses SpaceX thrusters to briefly fly, though the US Federal Aviation Administration (FAA) says the car does not meet its definition of an aircraft. It therefore would not need to certify it as airworthy. In a livestreamed demonstration in McGregor, Texas, a prototype drove up a ramp, launched, rolled 180 degrees using compressed air, and landed on its wheels. It then leapt over a row of Tesla vehicles. Chief executive officer Elon Musk said the car operated autonomously for safety reasons. Tesla offers three versions. Performance requires a $50,000 reservation, Thrust requires $250,000, and the flying Rocket is invitation-only. Final prices are not set. Production is now planned for 2028, eight years later than first promised. Range has fallen to more than 300 miles from 620, and seating to two from four.
Tesla chief executive officer Elon Musk unveiled the new Roadster on Thursday, saying it will be "the only manually driven car that Tesla makes" in the long term. The stunt-filled demo, choreographed with autonomy, showed the car driving upside down and briefly flying. Tesla has not revealed the final price. It asks buyers to put down a $50,000 reservation for the base Performance trim, and in 2017 it collected $250,000 payments for Founder Series models. Meanwhile, Tesla is pushing autonomy for cheaper cars. The Cybercab, which has no steering wheel or brake pedals, began rolling out in September, and Tesla aims to sell it for under $30,000.
Tesla unveiled its redesigned Roadster on Thursday at SpaceX's rocket test site in McGregor, Texas, nearly nine years after Elon Musk first showed the idea in 2017. Production will start in 2028, with deposits of $50,000 for the Performance version and $250,000 for the Thrust version. The car used cold-gas thrusters borrowed from SpaceX to drive upside down on a curved ramp and flip in midair. Musk said it can reach 60 mph in under a second and top 230 mph. The reveal revived talk of a Tesla–SpaceX merger. EMJ Capital founder Eric Jackson said there is "no point" while both companies enjoy a premium valuation. Yorkville Ives partner Dan Ives sees an 80% chance of a merger by the end of 2027.
As filed with the Securities and Exchange Commission on January 29, 2010