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Tesla Motors, a well-known American electric car company, was founded in 2003 in Palo Alto, California. The company has become an essential player in the automotive industry as it was the only company to focus on battery-electric cars when fuel prices skyrocketed in 2008. As a result, Tesla became a go-to name for news coverage on alternative fuels.
In addition to its electric cars, Tesla now produces energy-related products such as solar roof panels and energy storage systems. Tesla's lineup of cars has grown over the years and now includes the Model 3 compact sedan, Model S mid-size luxury sedan, Model X luxury SUV, and Model Y compact SUV.
Tesla's first car, the Tesla Roadster, was a two-seat convertible that cost over $100,000 when new. However, Tesla has since shifted its focus to more affordable models that appeal to a broader audience. The company's emphasis on electric cars has propelled it to become a major disruptor in the automotive industry, challenging traditional gasoline-powered vehicles.
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