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Change the World

Courtesy of Tesla

50

Tesla Motors

TSLA

U.S.

A clean-fuel visionary adds to a list of ambitious goals.

No company has built a business more singularly around the goal of sustainability than Elon Musk’s Tesla Motors. That was true during the decade he’s spent promoting the development of commercially viable electric cars, with a goal of bringing them to the mass market. And it’s even more so now, with Tesla’s recently completed acquisition of SolarCity, the solar-panel company run by his cousin, where Musk is the largest shareholder. Among the companies’ aims: To develop batteries for storing solar-generated power, solving a problem that has dogged clean-energy advocates.

Much remains to be done, starting with generating profits. While building gorgeous luxury cars, Tesla’s also faced safety concerns and struggled to meet production goals, even before confronting its promised five-fold leap to 500,000 cars a year in 2018, with the forthcoming introduction of its $35,000 Model 3 sedan. Yet Tesla’s offered proof that the automotive future doesn’t need to run on gasoline, and taken real steps to turn that vision into reality. Far-bigger rivals are now rushing to follow.

Impact Segment

Environmental Impact

Sector

Industrials

Industry

Motor Vehicles & Parts

CEO

Elon Musk

Employees

13,058

Company Type

Public

Revenues ($M) (Last Fiscal Year)

$4,046

Profits ($M) (Last Fiscal Year)

$-889

Market Value ($M)

$33,552

Tesla Motors is also featured in these fortune lists

News about Tesla Motors

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Pay increases and job guarantees for workers at the supplier Tesla acquired.

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Tesla Model S Loses Top 'Consumer Reports' Rating Over Brake Issue

The magazine said the electric carmaker failed to install a promised emergency braking feature.

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Videos about Tesla Motors

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