Tesla is a publicly owned company headquartered in the US. Founded in 2003, the company employs approximately 62,850 individuals. Functioning as a motor vehicle manufacturer, it specializes in the production of electric vehicles.
On August 28, 2026, China's BYD surpassed Tesla to become the world's largest seller of battery electric vehicles (BEVs) in the second quarter of 2026, despite Tesla's 25% year-on-year sales increase. Earlier on the same day, CEO Elon Musk hinted on X that Tesla might introduce a new high-capacity vehicle "way cooler than a minivan," after discussing the Cybertruck's family-friendly seating. Concurrently, Tesla's stock traded nearly 29% below its 52-week high of $498.83, with its trailing-12-month earnings at $1.08 per share, resulting in a multiple near 330 times earnings, while its operating margin fell to 1.4% in the second quarter from 4.1% a year earlier. Also on August 28, Tesla began production of its Optimus robot at the Fremont, California facility, repurposing space previously allocated for Model X and Model S, signaling a significant move in its robotics ambitions. This activity followed Tesla's quarterly vote on August 27 for new Supercharger locations across five regions, including Asia-Pacific, where the company ultimately selected a site different from the public's choice.
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