Tesla Inc (Tesla) designs, develops, manufactures, sells, and leases fully electric vehicles. It also installs and maintains energy systems, sells solar electricity, and offers end-to-end clean energy products including generation, storage, and consumption. The company manufactures and sells the Model Y, Model S, Model 3, Model X, Cybertruck, Tesla Semi, and Tesla Roadster vehicles. Tesla operates through two reportable business segments: Automotive, and Energy Generation and Storage. In FY2023, the company's capital expenditure stood at US$8,899 million, which grew 24.1% YoY. It owns and operates manufacturing facilities in the US, Germany, and China.

Tesla conducts R&D to develop new products and services and improve existing solutions. The company ensures extensive testing and R&D capabilities for battery cells, packs, and systems, and has built an expansive body of knowledge on lithium-ion cell chemistry types and performance characteristics. To enable a greater supply of cells for products with higher energy density at lower costs, Tesla is currently in the process to develop a new proprietary lithium-ion battery cell and improved manufacturing processes. It has a research and development agreement through the State University of New York (the SUNY Foundation) to provide for the construction and use of its Gigafactory in New York for the development and production of solar roofs and other solar products and components, energy storage components and supercharger components. In FY2023, it spent US$3,969 million on its R&D, which as a percentage of revenue stood at 4.1%, and grew 29.1% YoY.