Tesla
Elon Musk
Summary
Tesla is a vertically integrated automotive, energy storage, and AI company headquartered in Austin, Texas. It manufactures five consumer vehicles, sells Full Self-Driving (Supervised) software, operates energy storage and solar businesses, runs a Robotaxi service in Austin/Dallas/Houston, and is ramping new products including Cybercab (production started Feb 2026 at Giga Texas), Tesla Semi (first truck off the new high-volume Nevada line April 2026), and Optimus (V3 reveal due summer 2026 with Fremont's old Model S/X line being converted for first-gen production). In Q1 2026, Tesla generated $22.4B in revenue, delivered 358,023 vehicles, had 1.28M active FSD subscriptions, and operated 8,463 Supercharger stations.
Main Products
Tesla's highest-volume electric crossover SUV and the core of its global vehicle lineup. Tesla says it completed the refreshed Model Y rollout in 2025, and the current lineup spans rear-wheel drive, all-wheel drive, premium, and performance variants depending on market.
Current U.S. lineup includes Rear-Wheel Drive, All-Wheel Drive, Premium All-Wheel Drive, and Performance variants, with Tesla continuing to highlight the refreshed model on its site.
Tesla's mass-market electric sedan and one of the company's longest-running products. The current Model 3 lineup emphasizes efficiency, software features, and lower entry pricing than Model Y or Cybertruck.
Tesla continues to sell Model 3 in Rear-Wheel Drive and Performance-oriented configurations, with the current U.S. page highlighting the sedan as the lower-cost entry point into the lineup.
Tesla's stainless steel electric pickup truck, positioned as a high-performance utility vehicle with adaptive suspension, high towing capacity, and fast charging. Tesla's current lineup includes Dual Motor All-Wheel Drive, Premium All-Wheel Drive, and Cyberbeast trims.
Tesla is actively selling multiple Cybertruck trims and highlights towing, cargo capacity, adjustable ride height, and 325 kW peak Supercharging on the current product page.
Tesla's advanced driver-assistance software that can navigate city streets, make lane changes, park, and use summon features under active driver supervision. Tesla positions the same AI foundation behind FSD as part of its broader autonomy and robotics stack.
FSD (Supervised) is currently offered as a monthly subscription and requires the driver to remain attentive at all times. Tesla reported 1.1M active subscriptions in Q4 2025 and says it is transitioning access to monthly subscriptions only. European regulatory clearance is expanding rapidly: after a Dutch type approval in April 2026, Lithuania, Estonia, Denmark (June 9), and Belgium (June 10) cleared FSD (Supervised) for public roads, making it five EU markets ahead of a June 30 EU-level discussion on broader recognition.
Tesla's purpose-built two-seat autonomous vehicle for its Robotaxi network — no steering wheel, no pedals, vision-only FSD. Designed as an income-generating asset on the Tesla Network at a sub-$30,000 target price and ~$0.20/mile operating cost. Robotaxi service today runs on Model Y vehicles in Austin, Dallas, and Houston, while the dedicated Cybercab fleet is now in early production at Giga Texas.
The first production Cybercab rolled off the line at Giga Texas on February 17, 2026, with continuous production beginning in April 2026. By late April, 50+ units had been spotted parked on campus, some in crash testing. The line is engineered for hundreds of units per week at maturity, with Musk describing a slow initial ramp followed by exponential growth into year-end.
Tesla's general-purpose autonomous humanoid robot program. Tesla describes Optimus as a bi-pedal robot meant to handle unsafe, repetitive, or boring tasks and says the same AI foundation used for vehicle autonomy underpins its robotics work. Optimus V3 — featuring doubled hand dexterity (22 DOF), Tesla's AI5 chip, and a target price of $20-30K at scale — is slated for a late-July/August 2026 reveal with first volume production targeted for summer 2026.
Tesla is converting its Fremont Model S/X production line into the first-generation Optimus line, targeting an annual run rate of about 1M units. A dedicated Giga Texas second-generation line is designed for up to 10M units/year long-term. Musk pushed the Optimus V3 reveal to late July or August 2026 on Tesla's Q1 2026 earnings call, citing competitive secrecy, with volume production expected to begin in 2027.
Utility-scale battery energy storage system. Current Megapack stores up to 3.9 MWh; next-gen Megapack 3 (volume production H2 2026) stores 5 MWh per unit. Deployed worldwide for grid storage, renewable energy integration, and peak demand management. Tesla deployed a record 46.7 GWh of energy storage in 2025 (up 49% YoY), generating $12.8B in energy revenue. Three Megafactories: Lathrop, CA (operational); Shanghai (operational since Feb 2025); Houston, TX (under construction, H2 2026, 50 GWh/year capacity).
In production at Lathrop Megafactory since 2022 (40 GWh/year). Shanghai Megafactory operational since February 2025 (10,000 units/year, 1,000th unit produced within 6 months, first exports to Australia). Houston Megafactory under construction for Megapack 3 and Megablock (50 GWh/year, H2 2026). Total planned capacity: ~133 GWh/year.
Home battery storage system that stores solar energy and provides backup power during outages. Powerwall 3 (released 2023) features an integrated solar inverter, 13.5 kWh capacity, 20 kW DC solar input, and 11.5 kW AC continuous output. Over 1 million Powerwalls deployed worldwide (milestone reached in 2025). 10-year warranty.
Powerwall 3 available since late 2023 with integrated solar inverter and 11.5 kW output (up from 5 kW in Powerwall 2). One millionth Powerwall installed in 2025.
Class 8 all-electric semi-truck for long-haul freight. Tesla says Semi can travel up to 500 miles on a charge, supports megawatt-class charging, has shed roughly 1,000 lb thanks to a 48V architecture and 4680 cells, and is now in early high-volume production at the dedicated Nevada Semi factory.
The first Tesla Semi rolled off the new high-volume production line next to Gigafactory Nevada on April 29, 2026, transitioning Semi out of pilot builds. Tesla is ramping through 2026 toward a long-term goal of 50,000 units/year. California's HVIP program shows 89 fleets with purchase orders for 1,095 Tesla Semis as of March 31, 2026.
Utility-scale integrated energy storage solution unveiled in September 2025. Combines up to 4 Megapack 3 units with a transformer and switchgear into a single 20 MWh AC system. Achieves 23% faster installation and up to 40% lower construction costs compared to traditional deployments. 248 MWh per acre density; can deploy 1 GWh in 20 business days. 25-year / 10,000-cycle life. To be manufactured at the Houston Megafactory.
Unveiled September 2025. Production at Houston Megafactory starting H2 2026. Deliveries expected H2 2026.
What's Next
Ramp Cybercab production from S-curve start to volume
With the first Cybercab off the line on Feb 17, 2026 and continuous production from April, the watch item is converting the slow S-curve start into exponential ramp by year-end. Tesla has signaled the Giga Texas line will eventually target hundreds of units per week.
Expand Robotaxi geography and grow the unsupervised fleet
Tesla expanded unsupervised Robotaxi from Austin to Dallas and Houston in April 2026 and on June 3, 2026 widened the Austin geofence to cover the full Austin metro including Pflugerville, Manor, and I-35. The watch items are growing the Texas fleet (still ~20 unsupervised vehicles in Austin and just 3 and 6 in Dallas and Houston), opening Phoenix, Miami, Orlando, Tampa, and Las Vegas, and Musk's stated goal of being widespread in the US by year-end.
Grow FSD and software monetization
Tesla says monthly FSD subscriptions more than doubled in 2025 and is transitioning FSD (Supervised) access to monthly subscriptions only. With 1.28M active subscriptions in Q1 2026, the next step is sustaining subscription growth and turning the same AI stack into Robotaxi revenue.
Operations & Revenue
Operational across vehicles, energy, charging, software, and an early Robotaxi service. Tesla ended Q1 2026 with $44.7B in cash and investments, 1.28M active FSD subscriptions, and 8,463 Supercharger stations on $22.4B of revenue. Since then, Cybercab production started at Giga Texas (Feb 17, 2026), the first Tesla Semi rolled off the new Nevada high-volume line (April 29, 2026), unsupervised Robotaxi service expanded to Dallas and Houston (April 2026), and Fremont's old Model S/X line has been put into conversion as the first-gen Optimus production line.
Revenue Streams
Vehicle sales and leasing across Model 3, Model Y, Model S, Model X, Cybertruck, and early Semi deliveries. Total automotive revenue was $69.5B in 2025, with Model 3/Y accounting for 1,585,279 deliveries.
Megapack, Powerwall, solar panels, and Solar Roof. Energy generation and storage revenue reached $12.8B in 2025, up 27% year over year, with 46.7 GWh of storage deployed.
Used vehicle sales, non-warranty maintenance and collision, paid Supercharging, insurance, parts sales, and retail merchandise. Services and other revenue reached $12.5B in 2025.
Revenue from selling regulatory credits to other automakers. Tesla reported $2.0B of automotive regulatory credit revenue in 2025, down 28% year over year.
Key Metrics
Employees
134,785
Timeline
The first production Cybercab — Tesla's purpose-built two-seat autonomous vehicle with no steering wheel or pedals — rolls off the line at Gigafactory Texas on February 17, 2026, with continuous production beginning in April and 50+ units spotted on campus shortly after.
Tesla expands its unsupervised Robotaxi service to Dallas and Houston in April 2026, bringing the live unsupervised network to three Texas cities. Austin's geofence grows to match the full city's service area, although the active driverless fleet stays below 30 vehicles.
On June 3, 2026 Tesla expanded its unsupervised Robotaxi service area to the full Austin metropolitan region — more than doubling the previous geofence to include Pflugerville, Manor and adjacent suburbs and opening service on I-35. It is the fifth Austin expansion since launch, even as the active driverless fleet stays at about 20 vehicles and Dallas (3) and Houston (6) remain stuck at their launch sizes.
CPCA data released June 2, 2026 show Tesla's Shanghai plant delivered 85,982 vehicles in May 2026 — its best month of the year, up 39.4% year over year and 8.2% from April — bringing January-May Giga Shanghai deliveries to 378,858 and signaling a China demand rebound after a soft start to the year.
Launches its Robotaxi service in June using Model Y vehicles, completes the refreshed Model Y rollout with additional variants, delivers 1,636,129 vehicles for the year, deploys 46.7 GWh of energy storage, and reports $94.8B in revenue. Tesla also ends 2025 with 1.1M active FSD subscriptions and 8,182 Supercharger stations.
Rolls out FSD (Supervised) v12 — the first end-to-end neural network driving system — globally. Unveils the Cybercab purpose-built robotaxi and Robovan at the 'We, Robot' event. Optimus robots begin performing tasks at Tesla factories. Delivers 1.79M vehicles and deploys 31.4 GWh of energy storage (up 113% YoY). Headcount drops to ~125,000 after 10% layoff in April.
Begins Model Y deliveries — the compact SUV that will become the best-selling car in the world by 2023. Tesla surpasses Toyota to become the world's most valuable automaker by market capitalization. Delivers 499,550 vehicles for the year and achieves first full year of GAAP profitability.