Tesla Inc (NASDAQ: TSLA) is an automotive and energy company that designs, manufactures, and sells electric vehicles, energy storage systems, and solar energy products. Revenue comes primarily from direct vehicle sales through company-owned stores and website, supplemented by automotive regulatory credit sales, vehicle leasing, energy generation and storage product sales, and services including over-the-air software features and subscriptions. Total revenues were $94.8B in FY2025, split between the automotive and services segment ($82.1B) and the energy generation and storage segment ($12.8B). Automotive sales declined 9% year-over-year to $65.8B in FY2025, while energy generation and storage revenue grew 27% to $12.8B. Tesla sells vehicles through a direct-to-consumer model with no independent dealer network, and operates company-owned service locations alongside a mobile service fleet. Founded in 2003, Tesla is headquartered in Austin, Texas, and led by CEO Elon Musk. CFO is Vaibhav Taneja. Tesla has never paid a cash dividend.

Revenue model

Transactional vehicle sales (direct, no dealer network), automotive regulatory credit sales, vehicle leasing, energy storage and solar product sales (direct and through channel partners including PPA transactions for commercial customers), paid over-the-air vehicle feature upgrades and subscriptions, and services including vehicle maintenance and extended service plans.

Products and services

Electric vehicles; Megapack utility-scale battery storage; Powerwall residential battery storage; Solar Roof (glass roof tiles with integrated energy generation); residential retrofit solar panels (manufacturing began 2025, deliveries began January 2026); solar inverters; advanced driver assistance systems; Optimus humanoid robot (in development); Powerhub software platform for distributed energy resources; Autobidder software platform for Megapack batteries; over-the-air software feature upgrades and subscriptions.

Customers and end markets

Individual consumers purchasing electric vehicles; residential customers for solar and energy storage products; commercial and industrial customers for energy storage and solar (including via PPA transactions); utilities for Megapack energy storage systems; channel partners for energy generation product distribution.

Value-chain role

Vertically integrated designer, manufacturer, and direct seller of electric vehicles and energy products. Designs and manufactures components including battery systems, power electronics, solar panels, Solar Roof tiles, and solar inverters. Operates its own retail stores, service centers, and mobile service network. Develops proprietary AI, autonomous driving software, and custom inference chips in-house.

Geographic exposure

Filing confirms U.S. and multiple foreign jurisdictions for income tax purposes. Specific country-level revenue breakdown not supported by the provided excerpts.

Source: SEC 10-K, filed 2026-01-29

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