Tesla, Inc. is a prominent player in the electric vehicle market, focusing on designing, manufacturing, and marketing its products.
The majority of the company's revenue comes from motor vehicle sales, accounting for 81.1% of total revenue, while services like maintenance and repair contribute 8.6%. Tesla is also expanding its business model to include the sale of powertrain components, energy production and storage systems, vehicle leasing, and vehicle loans.
By the end of 2023, Tesla plans to have seven production sites worldwide, with five in the USA and others in China and Germany. The USA is the largest market for Tesla, representing 46.7% of total sales, followed by China at 22.5%, with other regions making up the remaining 30.8%. This global presence reflects Tesla's commitment to meeting the increasing demand for electric vehicles and related services.