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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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.
Tesla has dropped the "Full Self-Driving" name in Europe, replacing it with "Tesla Assisted Driving" across Germany, Spain, the Netherlands and Slovakia. The change follows regulatory concerns that the original name was misleading, as the system requires constant supervision. Eight EU countries already permit the software, with Slovakia expected to become the ninth. A bloc-wide approval vote, initially scheduled for October, has been postponed to December whilst France conducts additional testing. Approval requires 15 of 27 member states representing 65% of the EU population. The region matters financially. Tesla's "Other Countries" segment, which includes Europe, generated $26.24 billion in 2025, down 10% from $29.02 billion in 2024. Nearly all of Tesla's 2025 revenue decline came from this region.
SpaceX's market value has reached approximately $2.27 trillion, nearly $800 billion more than Tesla's $1.49 trillion valuation, despite generating less than a quarter of Tesla's revenue. SpaceX brought in about $23 billion over its past four reported quarters compared to Tesla's $104 billion. The valuation gap reflects different growth trajectories. SpaceX's Starlink satellite internet service has become highly profitable, earning around $5.3 billion in operating income with margins reaching 39%. The segment doubled its subscribers to 12 million over the past year. Tesla's profitability has declined, with operating margins falling from around 6% to just 1.4% in the second quarter. Its valuation relies on future autonomous vehicle and robotics businesses that aren't yet significant revenue sources. SpaceX's AI segment, including Grok and computing services, lost $3.7 billion in the first half of 2026, though losses are narrowing.
Pilot and Tesla have opened their first Megacharger site for heavy-duty electric trucks at a Pilot travel centre in Ellabell, Georgia. The location features six charging stalls, with three additional sites expected to open soon in California, Texas, and Nevada. The companies announced their collaboration in January 2026 to develop a network of Tesla Megachargers at select Pilot locations along major US freight corridors. Each site will feature four to eight high-power charging stalls using Tesla's V4 cabinet technology, capable of delivering up to 1.2 megawatts of power per stall. According to Tesla, a Tesla Semi can recover 60% of charge in 30 minutes at these stations. Twelve locations are currently under construction across California, Georgia, Indiana, Nevada, and Texas.
Apple monetises AI through its high-margin Services business, whilst Tesla's heavy AI spending compressed earnings. Apple reported revenue of $109.42 billion, up 16.4%, with earnings per share of $2.02 beating estimates. Services runs at a 75.6% gross margin. Tesla's active full self-driving subscriptions rose 56% to 1.48 million, but earnings per share of $0.33 missed the $0.54 estimate. Operating margin shrank to 1.4%, and free cash flow fell to negative $1.09 billion. Capital expenditure is expected to exceed $25 billion. Apple bought back $25.8 billion of stock last quarter whilst increasing AI spending. Tesla pays no dividend and buys no stock. Apple shares are up 23% year to date, whilst Tesla fell 18%. Tesla trades at 346 times trailing earnings versus Apple's 38 times.