History of Tesla, Inc. in Timeline
Tesla, Inc. is a US-based company headquartered in Austin, Texas. The company focuses on automotive and clean energy solutions. Its primary products include battery electric vehicles (BEVs), battery energy storage systems (for homes and large-scale grids), solar panels, solar roof tiles, and other related products and services.
1962: General Motors Opens Fremont Factory
General Motors opened the Fremont factory in 1962, marking the early beginnings of the site that would later become Tesla's Fremont Factory.
1984: NUMMI Takes Over Fremont Factory
In 1984, the Fremont factory began operating under NUMMI, a joint venture between General Motors and Toyota.
July 1, 2003: Tesla Motors Incorporated
Martin Eberhard and Marc Tarpenning incorporated Tesla Motors, Inc. on July 1, 2003, with a vision to blend car manufacturing with technology.
July 2003: Tesla Motors Incorporated
Tesla Motors was founded in July 2003 by Martin Eberhard and Marc Tarpenning.
February 2004: Elon Musk Becomes Largest Shareholder
Elon Musk joined Tesla in February 2004, becoming the company's largest shareholder.
February 2004: Elon Musk Invests in Tesla
In February 2004, Tesla raised $7.5 million in Series A funding, with Elon Musk investing $6.5 million, making him the company's chairman and largest shareholder.
May 2004: J.B. Straubel Joins Tesla
J.B. Straubel joined Tesla as chief technical officer in May 2004.
February 2006: Tesla's Series B Funding Round
Tesla raised $13 million in Series B funding led by Elon Musk in February 2006, with Valor Equity Partners joining the funding team.
May 2006: Tesla Secures Funding from Google Co-founders
In May 2006, Tesla's third funding round, worth $40 million, saw investments from notable figures like Google co-founders Sergey Brin and Larry Page.
2006: Elon Musk Outlines Tesla's Strategy
Elon Musk, in 2006, articulated Tesla's strategy of starting with high-priced, low-volume electric vehicles to fund the development of more affordable models in the future.
May 2007: Tesla's Fourth Funding Round
Tesla's fourth funding round in May 2007 raised $45 million, bringing the total private investment to over $105 million.
August 2007: Eberhard Steps Down as CEO, Michael Marks Takes Over
Martin Eberhard was asked to step down as CEO by the board in August 2007 and was succeeded by Michael Marks as interim CEO.
December 2007: Ze'ev Drori Becomes CEO
Ze'ev Drori became CEO and President of Tesla in December 2007.
2007: Model S Development Begins
Before 2007 marked the start of Model S development, kicking off Tesla's journey toward producing its groundbreaking electric sedan.
2007: Daimler and Tesla Initiate Collaboration
In late 2007, Daimler and Tesla embarked on a collaborative journey. This partnership marked the beginning of a significant relationship between the two automotive giants.
January 2008: Eberhard and Tarpenning Leave Tesla
Both Martin Eberhard and Marc Tarpenning left Tesla in January 2008.
October 2008: Elon Musk Becomes CEO
Elon Musk succeeded Ze'ev Drori as CEO of Tesla in October 2008.
2008: Tesla Opens First Production Facility and Retail Store
In 2008, Tesla opened its first production facility in Menlo Park, California, utilizing a former Chevrolet dealership. The company also opened its first retail store in Los Angeles that same year.
2008: Tesla Roadster Production Begins
Marking a pivotal moment in the electric vehicle market, Tesla began production of its debut car, the Roadster, in 2008.
January 2009: Tesla's Financial Standing and Production
By January 2009, Tesla had raised $187 million and delivered 147 Roadsters.
May 19, 2009: Daimler Invests in Tesla
On May 19, 2009, Daimler demonstrated confidence in Tesla's potential by investing a reported $50 million for a stake of less than 10% in the company. This investment also led to Daimler's Herbert Kohler, Vice President of E-Drive and Future Mobility, joining Tesla's board.
June 2009: Eberhard Sues Musk
Martin Eberhard filed a lawsuit against Elon Musk in June 2009, alleging he was forced out of the company.
June 2009: Tesla Opens First European Store
Tesla expanded into the European market in June 2009 with the opening of its first European store in London.
June 2009: Tesla Receives Government Loan
Tesla was approved for a $465 million loan from the US Department of Energy in June 2009 to support the Model S development and powertrain technology.
July 13, 2009: Daimler Sells Part of Tesla Stake to Aabar
On July 13, 2009, Daimler made a strategic move by selling 40% of its Tesla shares to Aabar Investments, an investment company under the control of Abu Dhabi's International Petroleum Investment Company.
August 2009: Eberhard's Lawsuit Dismissed
The lawsuit filed by Martin Eberhard against Elon Musk was dismissed in August 2009.
September 2009: Co-Founder Recognition
A lawsuit settlement in September 2009 allowed Eberhard, Tarpenning, Wright, Musk, and Straubel to be recognized as Tesla co-founders.
2009: NUMMI Venture Ends
The NUMMI joint venture at the Fremont factory ended in 2009 when General Motors declared bankruptcy.
2009: Smart ED2 Production Begins
The production of Smart ED2 cars, equipped with Tesla's 14-kilowatt-hour lithium-ion battery, began in 2009. This marked another successful collaboration between Daimler's Smart division and Tesla.
January 2010: Tesla and Panasonic Announce Battery Partnership
Tesla and Panasonic announced their partnership to develop nickel-based lithium-ion battery cells for electric cars in January 2010. Panasonic committed to investing $1 billion over three years in lithium-ion cell research, development, and production.
May 2010: Tesla and Toyota Announce Strategic Partnership and NUMMI Factory Deal
In May 2010, Tesla and Toyota entered into a strategic partnership, with Tesla acquiring the former NUMMI factory from Toyota for $42 million. As part of the deal, Toyota invested $50 million in Tesla stock, and the two companies agreed to collaborate on an electric vehicle.
May 2010: Tesla Acquires NUMMI Plant
Tesla acquired the NUMMI plant in Fremont, California, from Toyota for $42 million in May 2010.
June 29, 2010: Tesla Goes Public
Tesla went public on June 29, 2010, becoming the first American car company to do so since Ford in 1956.
July 2010: Tesla and Toyota Announce Collaboration on Second-Generation RAV4 EV
In July 2010, Tesla and Toyota announced their collaboration on a second-generation Toyota RAV4 EV. Tesla was to supply the lithium metal-oxide battery and other powertrain components for this project.
October 2010: Second-Generation Toyota RAV4 EV Unveiled
In October 2010, the second-generation Toyota RAV4 EV, a result of the collaboration between Tesla and Toyota, was unveiled at the Los Angeles Auto Show.
October 2010: Tesla Factory Opens
Tesla opened the Tesla Factory in October 2010 to begin production of the Model S.
2010: Tesla Supplies Battery Packs for Freightliner Trucks
In 2010, Tesla's expertise in electric vehicle technology was further highlighted when the company supplied battery packs for Freightliner Trucks, expanding its reach in the commercial vehicle sector.
2010: Panasonic Invests in Battery Development with Tesla
Panasonic made a $30 million investment in a multi-year partnership with Tesla focused on developing new battery cells specifically for electric vehicles beginning in 2010.
2010: Tesla Acquires Fremont Factory
Tesla acquired the former NUMMI plant in Fremont, California, in 2010, marking a significant step in the company's expansion. Toyota sold the plant to Tesla at a reduced price.
2010: Tesla Relocates Headquarters and Opens Powertrain Facility
Tesla relocated its corporate headquarters to Palo Alto in 2010 and established a powertrain development facility in the same city.
September 2011: Trial Production of Mercedes-Benz A-Class E-Cell Begins
In September 2011, trial production of the Mercedes-Benz A-Class E-Cell began, with Tesla supplying the battery packs. This marked an important step in the collaboration between Daimler and Tesla.
2011: Pilot Program for Second-Generation Toyota RAV4 EV
In 2011, a demonstration and evaluation program was conducted for the second-generation Toyota RAV4 EV, with 35 pilot vehicles built for this purpose.
January 2012: Roadster Production Ends
Tesla ended production of the Roadster in January 2012.
February 2012: Model X Prototype Unveiled
Tesla unveiled the prototype for its Model X, an electric SUV with distinctive falcon-wing doors, in February 2012, generating significant anticipation for its release.
June 2012: Model S Deliveries Begin
Marking a significant milestone for Tesla, deliveries of the Model S, its first mass-produced electric car, began in June 2012.
June 2012: Model S Launch
The Tesla Model S, a luxury sedan, was launched in June 2012.
August 2012: Production Version of Second-Generation Toyota RAV4 EV Unveiled
The production version of the second-generation Toyota RAV4 EV, incorporating battery pack, electronics, and powertrain components from the Tesla Model S, was unveiled in August 2012.
2012: Tesla Roadster Production Ends
After a four-year run, Tesla ceased production of its first vehicle, the Roadster, in 2012.
2012: Tesla Earns Credits for Battery-Swapping Technology
Beginning in 2012, Tesla started earning Zero Emission Vehicle credits for a battery-swapping technology.
2012: Production of Vehicles with Potentially Problematic Autopilot Begins
Tesla began producing vehicles equipped with the Autopilot system in 2012, marking the start of a feature that would later face scrutiny over its safety implications.
2012: Tesla Expands Production at Menlo Park Facility
Tesla continued to assemble its original Roadster in the service bays of its Menlo Park facility until 2012, highlighting the company's early resourcefulness.
2012: Debut of the North American Charging Standard (NACS)
Tesla introduced the North American Charging Standard (NACS) in 2012, initially for its own electric vehicles in the North American market. This marked the beginning of Tesla's foray into establishing its own charging standard.
2012: Tesla Model S Launch
Tesla launched its second car model, the Model S sedan, in 2012.
2012: Tesla Begins Production of Vehicles with Potentially Defective Flash Memory
Tesla started producing vehicles in 2012 that would later be recalled due to flash memory problems, highlighting potential quality control challenges.
2012: Roof Fires at Walmart Stores
The lawsuit filed by Walmart against Tesla in August 2019 cites incidents of roof fires at seven Walmart stores, dating back to 2012, allegedly caused by Tesla's solar panels.
2012: Production of Tesla Model S and X Vehicles Under Scrutiny for Potential Battery Defects
The production of Tesla's Model S and X vehicles, which began in 2012, came under scrutiny due to concerns about potential battery defects that could lead to fires.
May 2013: Tesla Repays Government Loan
Tesla repaid the $465 million government loan, with interest, in May 2013.
September 2013: Model S Tops Norwegian Car Sales
The Model S became the first electric car to top a country's monthly sales chart when it led in Norway in September 2013.
2013: Bloomberg News Raises Concerns over Tesla's Financial Reporting
In 2013, Bloomberg News questioned whether Tesla's financial reporting practices were in violation of Generally Accepted Accounting Principles (GAAP) reporting standards.
2013: Tesla Model S Fire Incident Prompts Warranty Extension
In 2013, a Tesla Model S caught fire after hitting debris on a highway, prompting Tesla to extend its vehicle warranty to cover fire damage. This incident brought attention to the safety of Tesla's battery packs.
2013: Concerns Raised Over Tesla's Battery-Swap Subsidies
In 2013, staff at the California Air Resources Board expressed concerns that Tesla might be "gaming" the system to receive battery-swap subsidies. They recommended eliminating these credits.
March 6, 2014: Tesla Enhances Battery Pack Protection in Model S
On March 6, 2014, Tesla introduced a significant safety improvement by replacing the existing aluminum shield on Model S battery packs with a new three-layer shield.
March 2014: NHTSA Closes Investigation into Tesla Model S Fire Risks
In March 2014, the NHTSA concluded its investigation into the fire risks associated with the Tesla Model S, finding no evidence of a systemic problem. Tesla's proactive measures to enhance battery pack protection contributed to this outcome.
July 2014: Panasonic Agrees to Participate in Gigafactory Nevada Battery Production
Panasonic reached an agreement with Tesla in July 2014 to collaborate on battery production at Gigafactory Nevada.
September 2014: Tesla Introduces Autopilot Hardware and Software
September 2014 marked a pivotal moment in Tesla's journey as it began equipping all its cars with sensors and software to support Autopilot, signifying a significant step towards autonomous driving.
October 2014: Daimler Divests Remaining Tesla Holdings
In October 2014, Daimler completed its divestment from Tesla by selling its remaining stake in the company for a reported $780 million.
2014: Fires Erupt at Tesla Fremont's Paint Shop
Beginning in 2014 and continuing until at least 2019, Tesla's Fremont factory paint shop experienced at least four fires.
2014: Increased OSHA Violations at Tesla's Fremont Factory
Between 2014 and 2018, Tesla's Fremont Factory faced scrutiny for its safety record, with the number of Occupational Safety and Health Administration (OSHA) violations being three times higher than the combined total of the ten largest U.S. auto plants.
2014: Tesla's Battery-Swapping Technology Comes Under Scrutiny
By 2014, Tesla had earned over $295 million in credits for its battery-swapping technology. However, concerns arose as this technology was not available to customers, leading to allegations of "gaming" the subsidy system.
2014: Mobileye and Tesla Partner on Autopilot Development
In 2014, Tesla engaged in a partnership with Mobileye, a company specializing in computer vision technology, with the aim of developing initial versions of Tesla's Autopilot system.
2014: Tesla Adds Titanium Plate to Model S Battery Protection
In 2014, following incidents of debris-related crashes leading to fires in the Model S, Tesla implemented a safety enhancement by adding a titanium plate to bolster the protection of the car's battery pack.
2014: Production of Second-Generation Toyota RAV4 EV Discontinued
In 2014, the limited production run of the second-generation Toyota RAV4 EV, which resulted in just under 3,000 vehicles produced, came to an end.
2014: Tesla Autopilot Announced
Tesla announced its driver-assistance system, Autopilot, in 2014, and by September, all Tesla cars included sensors and software for the feature.
2014: Tesla Launches Destination Charging Network
Tesla launched its Destination Charging network in 2014, partnering with businesses to offer charging facilities for Tesla owners.
2014: Production of Model S Vehicles with Potential Trunk Issues Begins
The production of Model S vehicles potentially affected by trunk problems commenced in 2014, highlighting manufacturing or design concerns.
April 2015: Tesla Enters Energy Storage Market
Tesla launched its Powerwall and Powerpack battery systems in April 2015, marking its entry into the energy storage market.
August 2015: Tesla Model S Vulnerability Highlighted in Hacking Demonstration
In August 2015, security researchers demonstrated a vulnerability in the Tesla Model S, successfully taking control of a vehicle by hacking into its entertainment system. Although the hack required physical access, it highlighted potential security risks and prompted Tesla to swiftly issue a security update.
September 2015: Model X Deliveries Commence
After much anticipation, Tesla began deliveries of the Model X, its first electric SUV, in September 2015.
2015: Tesla Begins Investing in Automation and Robotics
In 2015, Tesla embarked on a strategic initiative to enhance its vehicle assembly process by making significant investments in automation and robotics. This marked the beginning of Tesla's efforts to automate its production lines.
2015: Model S Becomes Top-Selling Plug-in Electric Car
In both 2015 and 2016, the Tesla Model S achieved the distinction of being the top-selling plug-in electric car worldwide, demonstrating its popularity and market dominance.
2015: Racial Harassment at Fremont Facility
Owen Diaz faced racial harassment at Tesla's Fremont facility during 2015-2016, leading to a lawsuit that resulted in significant damages awarded in 2021.
2015: NHTSA Investigates Tesla Model S Suspension Issues
The NHTSA opened an investigation into "front suspension safety issues" in 2015, focusing on Model S vehicles from 2015 to 2017.
2015: Model S Global Sales Success
The Tesla Model S was the world's top-selling plug-in electric car in 2015.
April 2016: First Major Design Refresh of Model S
In April 2016, Tesla introduced the first major design refresh for the Model S, updating its exterior and enhancing its features to stay competitive in the luxury electric car market.
April 2016: Production of Model S Cars
Tesla produced Model S cars built before April 2016, which were later recalled in March 2018 due to power steering bolt issues.
April 2016: Model 3 Unveiled
Tesla unveiled the Model 3, its first mass-market electric car, in April 2016, receiving over 325,000 reservations within a week.
June 2016: NHTSA Raises Concerns about Tesla's Use of NDAs
In June 2016, the National Highway Traffic Safety Administration (NHTSA) raised concerns about Tesla's practice of using nondisclosure agreements (NDAs) in relation to customer repairs. The agency questioned the potential implications of such agreements on transparency and safety investigations.
July 26, 2016: Mobileye and Tesla End Autopilot Partnership
The partnership between Mobileye and Tesla, initiated in 2014 to develop initial versions of Tesla's Autopilot system, came to an end on July 26, 2016.
September 2016: First Remote Control Exploit Demonstrated on Tesla
In September 2016, researchers at Tencent's Keen Security Lab demonstrated a remote attack on a Tesla Model S, controlling the vehicle in both Parking and Driving Mode without physical access. They compromised the automotive networking bus (CAN bus) when the vehicle's web browser was used while connected to a malicious Wi-Fi hotspot. This vulnerability, disclosed to Tesla under their bug bounty program, was patched within 10 days before being made public.
October 2016: Tesla Upgrades Autopilot Hardware and Software
In October 2016, Tesla introduced its upgraded Autopilot hardware and software ("HW2"), featuring enhanced sensors and computing power, to support full self-driving capabilities in the future.
November 2016: Tesla Establishes Tesla Glass Technology Group
In November 2016, Tesla announced the formation of Tesla Glass, a group focused on developing and producing glass components for Tesla vehicles and solar products. Tesla Glass is responsible for the roof glass in the Model 3 and the glass used in the solar shingles for the Tesla Solar Roof.
November 2016: Tesla Acquires SolarCity
Tesla acquired SolarCity, a solar panel installer, for $2.6 billion in November 2016, a move that faced controversy due to SolarCity's financial troubles.
2016: Tesla's Initial Projection for Full Autonomy
At the end of 2016, Tesla expressed confidence in its ability to demonstrate full vehicle autonomy by the end of 2017, setting an ambitious timeline for its self-driving technology.
2016: Musk Misses Projections
By 2016, Elon Musk had missed 20 projections regarding production and release dates of Tesla products, leading to criticism.
2016: Fortune Accuses Tesla of Using Creative Accounting
In 2016, Fortune magazine accused Tesla of using creative accounting practices to present a more positive image of its cash flow and quarterly profits.
2016: Tesla Recommends Periodic Vehicle Inspections
In 2016, Tesla advised owners to have their vehicles inspected every 12,500 miles or annually.
2016: Tesla's Battery Research and Development Partnership with Dalhousie University
In 2016, Tesla embarked on a five-year research and development partnership with Dalhousie University in Canada, focusing on lithium-ion battery technology. This collaboration, led by renowned researcher Jeff Dahn, highlighted Tesla's commitment to advancing battery performance.
2016: Model 3 Prototype Revealed
In 2016, Tesla revealed the highly anticipated prototype of the Model 3, generating immense interest and pre-orders for its more affordable electric car option.
2016: First Known Fatality in a Tesla Vehicle Using Autopilot
In a tragic incident in 2016, a Tesla driver lost their life in a collision while the vehicle was operating in Autopilot mode. This marked the first known fatality involving a Tesla vehicle using the Autopilot system, prompting investigations and raising concerns about the technology's safety.
2016: Racial Harassment at Fremont Facility
Owen Diaz faced racial harassment at Tesla's Fremont facility during 2015-2016, leading to a lawsuit that resulted in significant damages awarded in 2021.
2016: Tesla Acquires Grohmann Engineering
Tesla acquired the German engineering firm Grohmann Engineering in 2016. Renamed Tesla Automation, the acquisition was intended to enhance Tesla's manufacturing automation and efficiency.
2016: Tesla Announces Plans for European Gigafactory
Tesla announced in 2016 its plan to establish a Gigafactory in Europe to manufacture cars and batteries.
2016: Expansion of Autopilot System to Model X Raises Safety Concerns
Tesla expanded its Autopilot system to the Model X in 2016, further broadening the scope of vehicles potentially affected by the system's alleged safety issues.
2016: Tesla Opens Gigafactory Nevada
Tesla opened its first purpose-built facility, Gigafactory Nevada, in 2016. The factory produces various products, including Powerwall batteries, battery cells (in partnership with Panasonic), Model 3 drivetrains, and the Tesla Semi. Tesla received significant tax breaks and other incentives from the local and state governments in exchange for locating the factory in Nevada. These incentives allowed Tesla to operate largely tax-free for 10 years, which was later extended to 20 years when Tesla agreed to expand the factory to increase battery production capacity and add a production line for the Tesla Semi.
2016: Tesla Acquires SolarCity and Gigafactory New York
Tesla's acquisition of SolarCity in 2016 included control of Gigafactory New York, located at a former Republic Steel plant in Buffalo.
2016: Tesla Acquires SolarCity, Forms Tesla Energy
Tesla's acquisition of SolarCity in 2016 led to the creation of Tesla Energy, a subsidiary focused on solar energy and battery storage solutions.
2016: Model S Maintains Global Sales Lead
The Model S continued its reign as the world's best-selling plug-in electric car in 2016.
2016: NHTSA Investigates Tesla Model X Suspension Issues
The NHTSA's investigation expanded to include Model X vehicles from 2016 to 2017, highlighting ongoing concerns about suspension problems.
February 2017: Tesla Motors Becomes Tesla, Inc.
Tesla Motors officially changed its name to Tesla, Inc. in February 2017, reflecting its expanded business scope beyond automobiles.
April 2017: Investors Call for Independent Tesla Board Members
In April 2017, a group of influential Tesla investors asked the company to add two new independent directors to its board, citing concerns that many current directors had close ties to CEO Elon Musk. Musk initially dismissed the request but later agreed to add two independent members by the end of 2018.
April 20, 2017: Tesla Recalls Vehicles for Faulty Parking Brakes
On April 20, 2017, Tesla issued a worldwide recall of 53,000 vehicles sold in 2016 due to faulty parking brakes that could become stuck and prevent the vehicles from moving.
June 5, 2017: Toyota Sells Tesla Shares and Ends Partnership
On June 5, 2017, Toyota announced the end of its partnership with Tesla, divesting all its shares in the company. The partnership, once hailed as a significant collaboration in the electric vehicle space, faced challenges due to engineering disagreements.
June 2017: Tesla Enters the Insurance Market
In response to rising insurance premiums for Tesla owners, the company launched its own insurance program in the United States in June 2017.
July 2017: Model 3 Deliveries Begin
Tesla achieved a significant milestone in July 2017 by commencing deliveries of the Model 3, its first mass-market electric car, making electric vehicles more accessible to a wider audience.
October 2017: Model 3 Production Predictions
In October 2017, Elon Musk predicted that Model 3 production would reach 5,000 units per week by December, but revised this target a month later to 'sometime in March' 2018.
November 2017: Tesla Semi Prototypes Unveiled
Tesla generated excitement in the trucking industry in November 2017 when it unveiled two prototypes of its electric semi-truck, the Tesla Semi.
November 16, 2017: Tesla Unveils Second-Generation Roadster
Tesla unveiled the second generation of its Roadster sports car on November 16, 2017, boasting impressive performance figures and a range of 620 miles.
2017: Tesla's Goal for Full Autonomy Remains Unfulfilled
As of July 2022, Tesla's initial projection of achieving full vehicle autonomy by the end of 2017 had not been realized.
2017: Gigafactory New York Begins Production
Gigafactory New York started production of the Tesla Solar Roof in 2017 but encountered several production issues.
2017: Tesla Incurs Hazardous Waste Violations
In 2017, Tesla committed hazardous waste violations, leading to fines from the United States Environmental Protection Agency in 2019.
2017: Tesla Faces Sexual Harassment Allegations and Fires Accuser
In 2017, Tesla faced accusations of sexual harassment from a female employee who was subsequently fired. The company stated it conducted a thorough investigation with a third-party expert and found the allegations to be without merit.
2017: Tesla Executives Accused of Sabotaging Unionization Efforts
In 2017, allegations surfaced accusing Tesla executives, including CEO Elon Musk, of taking actions to undermine employees' attempts to form a union.
2017: Production of Mercedes-Benz B250e Ends
In 2017, production of the Mercedes-Benz B250e, which featured a powertrain co-developed and produced by Tesla, came to an end.
2017: Tencent Hacks Tesla Model X Doors
In 2017, researchers at Tencent's Keen Security Lab successfully hacked the doors of a Tesla Model X, showcasing another significant vulnerability in Tesla's security systems.
2017: Production of Model 3 Vehicles with Potential Rear-View Camera Issues Begins
Production of Model 3 vehicles potentially affected by rear-view camera problems began in 2017, indicating a manufacturing or design flaw.
2017: Tesla Begins Granting Stock Options Later Subject to Lawsuit
Starting in 2017, Tesla began granting stock options that would later become the subject of a 2020 lawsuit alleging misappropriation.
2017: Tesla and Panasonic Begin Solar Collaboration at Gigafactory New York
Tesla and Panasonic launched a partnership in mid-2017 to work on the manufacturing and production of photovoltaic (PV) cells and modules at Gigafactory New York.
2017: Tesla's Continued Investment in Automation and Robotics
Tesla continued its aggressive investment in automation and robotics in 2017, demonstrating its commitment to streamlining its production processes and increasing efficiency.
2017: Release of Autopilot Hardware Version 2.5 (HW2.5)
Tesla released Autopilot Hardware version 2.5 (HW2.5) in mid-2017, further enhancing the system's capabilities with an additional graphics processing unit (GPU) and a driver-facing camera specifically for the Model 3.
2017: Introduction of Autopilot to Model 3 Amplifies Safety Concerns
Tesla's introduction of the Autopilot system to the Model 3 in 2017 extended the reach of the potentially problematic feature to a wider customer base, intensifying safety concerns.
2017: NHTSA Investigation into Tesla Suspension Issues Continues
The NHTSA's investigation into Tesla's suspension issues continued into 2017, with a focus on Model S and Model X vehicles.
2017: Introduction of High-Efficiency Permanent Magnet Motors in Model 3
With the launch of the Model 3 in 2017, Tesla introduced new high-efficiency permanent magnet motors, marking a significant advancement in electric vehicle technology. These motors, particularly effective in stop-start driving conditions, enhanced the efficiency of Tesla's vehicles.
January 2018: Tesla's AWS Account Compromised for Cryptocurrency Mining
In January 2018, security researchers informed Tesla that their Amazon Web Services account was accessible from the Internet and had been exploited for cryptocurrency mining. Tesla secured the compromised system, rewarded the researchers through their bug bounty program, and stated that the compromise did not affect customer privacy or vehicle safety.
March 2018: Fatal Tesla Model X Crash Raises Concerns about Autopilot System
In March 2018, a fatal crash involving a Tesla Model X raised serious concerns about the safety and reliability of the Autopilot system. Investigations revealed that the driver was using the Autopilot feature and playing games on their phone at the time of the accident, highlighting the potential risks of driver distraction and overreliance on automated driving systems.
March 29, 2018: Tesla Recalls Model S Cars
On March 29, 2018, Tesla issued a worldwide recall of 123,000 Model S cars built before April 2016 due to corrosion-susceptible power steering bolts, which could fail and require increased force to control the vehicle.
June 2018: Tesla Employee Leaks Information About Production Practices
Martin Tripp, a Tesla employee, revealed information in June 2018 that Tesla was scrapping or reworking a significant portion of its raw materials at the Nevada Gigafactory.
July 2018: Tesla Announces Gigafactory Shanghai
Tesla reached an agreement with Chinese authorities in July 2018 to construct a Gigafactory in Shanghai, marking Tesla's first Gigafactory outside of the U.S.
August 8, 2018: Musk Considers Taking Tesla Private
On August 8, 2018, amidst financial struggles and being heavily shorted, Elon Musk announced on social media his consideration to take Tesla private. The plan ultimately failed, resulting in controversy, lawsuits, and a securities fraud charge from the SEC. Consequently, Musk paid a $20 million fine and stepped down as chairman while retaining his CEO position.
August 2018: Elon Musk Tweets About Taking Tesla Private
Elon Musk's tweet in August 2018, stating his consideration of taking Tesla private at $420 with "funding secured," sparked market volatility. The statement later proved to be false.
September 2018: Elon Musk Settles Fraud Charges with SEC
In September 2018, Elon Musk settled fraud charges brought by the US Securities and Exchange Commission (SEC) regarding his misleading tweets about taking Tesla private.
September 2018: FBI Investigates Tesla's Model 3 Production Figures
The US Federal Bureau of Investigation (FBI) launched an investigation in September 2018 into Tesla's Model 3 production figures. The authorities were examining whether Tesla had misled investors with unattainable production targets.
December 2018: Model S and Model X Production Numbers Merged
Tesla decided to combine the production figures for the Model S and Model X starting in December 2018, streamlining its reporting process.
2018: Study Confirms Higher Crash and Repair Costs for Tesla Vehicles
A 2018 study affirmed previous findings that Tesla vehicles had a higher frequency of crashes and were more expensive to repair than comparable vehicles.
2018: Class Action Filed Against Musk and Tesla Board Over Stock-Based Compensation Plan
A class-action lawsuit was filed in 2018 against Elon Musk and the members of Tesla's board, alleging a breach of fiduciary duties in the approval of Musk's stock-based compensation plan.
2018: Tesla Adds Independent Board Members
By the end of 2018, Tesla added Kathleen Wilson-Thompson and Larry Ellison as independent board members, following investor pressure for a more independent board.
2018: Analysts Express Concerns over Tesla's Accounts Receivable
During 2018, analysts raised concerns over the balance of Tesla's accounts receivable.
2018: Model 3 Becomes World's Bestselling Electric Car
From 2018 to 2021, the Tesla Model 3 held the title of the world's bestselling electric car, demonstrating its popularity and solidifying Tesla's position as a dominant player in the global electric vehicle market.
2018: Musk Responds to Delays
In 2018, Elon Musk responded to criticism about missed projections, stating 'punctuality is not my strong suit' and explaining the challenges of mass-producing cars.
2018: Allegations of Underreported Injuries at Tesla's Fremont Factory
In 2018, an investigation by the Reveal podcast brought to light allegations that Tesla had underreported the number of serious injuries at its Fremont Factory. The investigation claimed that the company had failed to accurately document injuries on legally required reports, potentially downplaying the true extent of workplace incidents.
2018: Tesla Accused of Interfering with Unionization Efforts
Tesla faced accusations in 2018 of engaging in activities that obstructed employees' efforts to establish a union.
2018: Model 3 Production Challenges Overcome
Tesla faced production issues with the Model 3, but by the end of 2018, these challenges were largely resolved.
2018: Tesla Continues Production of Vehicles with Potentially Defective Flash Memory
Tesla's production of vehicles with the problematic flash memory component continued until 2018, indicating a persistent issue.
2018: Environmental Violations Increase at Tesla Fremont Factory
The period from 2018 to 2019 saw a rise in environmental violations and permit deviations at Tesla's Fremont Factory, coinciding with the increased production of the Model 3.
2018: Tesla Builds Tension Fabric Structures in Fremont
To achieve its goal of producing 5,000 cars per month, Tesla constructed tension fabric buildings at its Fremont plant in 2018. The structures, built in just two weeks, were large enough to house additional production lines.
January 2019: Whistleblower Complaint Filed Against Tesla
In January 2019, Sean Gouthro, a former Tesla security manager, filed a whistleblower complaint against the company. Gouthro alleged that Tesla had engaged in illegal activities, including hacking employees' phones for surveillance purposes and failing to disclose these actions to authorities and shareholders.
January 2019: Gigafactory Shanghai Construction Begins
In January 2019, Tesla embarked on the construction of Gigafactory Shanghai, marking its first automobile factory outside the US and its entry into the Chinese market.
March 2019: Tesla Introduces Model Y
Expanding its product lineup, Tesla unveiled the Model Y, a mid-size crossover SUV based on the Model 3 platform, in March 2019. This strategic move aimed to capture a larger share of the popular SUV market.
March 2019: Tesla Introduces Custom Self-Driving Computer Chip
In March 2019, Tesla introduced its own custom-designed computer chip specifically engineered for self-driving capabilities. This chip, integrated into Tesla vehicles, marked a significant step in its pursuit of autonomous driving.
March 2019: Model Y Prototype Unveiled
In March 2019, Tesla unveiled the prototype for the Model Y, expanding its product lineup with a more affordable electric SUV option.
March 2019: Shareholder Lawsuit Against Tesla Dismissed
March 2019 saw the dismissal of a stockholder class-action lawsuit against Tesla, which was related to Model 3 production numbers. This lawsuit was separate from the FBI investigation.
April 2019: Tesla Makes Autopilot Standard in All Vehicles
In a significant announcement in April 2019, Tesla revealed that all its vehicles would come standard with Autopilot software, including Traffic-Aware Cruise Control and Autosteer (Beta), making these driver-assistance features accessible to a wider customer base.
June 2019: Tesla Negotiates Penalties for Environmental Violations
Tesla entered negotiations in June 2019 with the Bay Area Air Quality Management District regarding penalties for 19 environmental violations. These violations primarily involved Tesla Fremont's paint shop, which had experienced at least four fires between 2014 and 2019.
July 2019: Tesla Achieves First Profitable Year
Between July 2019 and June 2020, Tesla celebrated a significant achievement by reporting profitability for four consecutive quarters. This marked the company's first profitable year, showcasing its financial turnaround and growth.
August 2019: Gigafactory Shanghai Construction Completed
Construction of the Gigafactory Shanghai building was finished in August 2019.
August 2019: Walmart Files Lawsuit Against Tesla
In August 2019, Walmart filed a multi-million-dollar lawsuit against Tesla, claiming that Tesla's 'negligent installation and maintenance' of solar panels caused roof fires at seven Walmart stores dating back to 2012.
September 2019: California Judge Rules Against Tesla for Anti-Union Actions
A California judge ruled in September 2019 that Tesla, including CEO Elon Musk and other executives, had violated labor laws by engaging in actions that interfered with employees' rights to unionize.
September 2019: SEC Questions Tesla's Financial Reporting Practices
In September 2019, the SEC questioned Tesla's CFO, Zach Kirkhorn, about the company's warranty reserves and lease accounting practices.
October 2019: NHTSA Opens Investigation into Tesla Model S and X Battery Defects
Despite previous investigations, the NHTSA initiated a new probe in October 2019 to examine potential battery defects in Tesla's Model S and X vehicles manufactured between 2012 and 2019. The investigation focused on possible causes of "non-crash" fires.
October 2019: Gigafactory Shanghai Begins Model 3 Production
Production of the Tesla Model 3 began at Gigafactory Shanghai in October 2019.
November 2019: Germany Selected for European Gigafactory
After several countries campaigned to be chosen as the location for Tesla's European Gigafactory, Germany was ultimately selected in November 2019.
November 2019: Hedge Fund Manager Accuses Elon Musk of Fraud
In November 2019, David Einhorn, a hedge fund manager, publicly accused Elon Musk of "significant fraud" and questioned Tesla's accounting practices.
November 2019: Tesla and Walmart Reach Settlement
In November 2019, Walmart and Tesla reached a settlement regarding the lawsuit over roof fires caused by Tesla's solar panels. The terms of the settlement were not disclosed.
November 2019: Tesla Cybertruck Announcement
Tesla first announced its entry into the pickup truck market with the unveiling of the Cybertruck in November 2019, featuring a radical, polarizing design.
2019: Software Update Throttles Charging Speed
A 2019 over-the-air software update by Tesla led to throttling of charging speeds, which became the subject of a lawsuit culminating in an April 2021 ruling against Tesla.
2019: Former CTO J. B. Straubel Leaves Tesla
Former Tesla CTO J. B. Straubel left the company in 2019, marking the end of a significant chapter in Tesla's leadership.
2019: Expansion of Permanent Magnet Motor Use in Model S and Model X
From 2019 onwards, Tesla expanded the use of its high-efficiency permanent magnet motors to the front of the Model S and Model X, further improving the performance and efficiency of these vehicles.
2019: Ethical Hackers Rewarded by Tesla at Pwn2Own
In 2019, Tesla awarded a car and $375,000 to ethical hackers during a Pwn2Own Model 3 hacking event, demonstrating the company's commitment to security and collaboration with the hacking community.
2019: Launch of Autopilot Hardware Version 3 (HW3)
In early 2019, Tesla unveiled its most advanced Autopilot hardware to date, HW3, featuring a custom-designed, more powerful computer system designed to enhance the capabilities of its self-driving features.
2019: Tesla Updates Maintenance Recommendations
Tesla shifted its maintenance recommendations in early 2019, stating that its vehicles don't need regular fluid changes or annual maintenance but suggesting periodic checks for brakes, air conditioning, tires, and air filters.
January 2020: High Short Interest in Tesla Stock
In January 2020, 20% of Tesla stock was shorted, the highest short interest of any stock in the U.S. equity markets at that time.
February 2020: Gigafactory Berlin-Brandenburg Breaks Ground
Expanding its global manufacturing footprint, Tesla broke ground on Gigafactory Berlin-Brandenburg in February 2020. This marked Tesla's entry into the European market, aiming to serve the increasing demand for electric vehicles in the region.
March 9, 2020: Tesla Produces One Millionth Electric Car
On March 9, 2020, Tesla produced its one millionth electric car, becoming the first auto manufacturer to achieve this milestone.
March 2020: Tesla Closes Fremont Factory Due to COVID-19
In response to the escalating COVID-19 pandemic and government restrictions, Tesla temporarily closed its Fremont Factory in March 2020. This decision aimed to protect the health of its workforce and comply with public health guidelines.
March 2020: Model Y Deliveries Begin
Tesla began customer deliveries of the Model Y, its compact SUV, in March 2020.
May 11, 2020: Tesla Reopens Fremont Factory Amidst COVID-19 Restrictions
Defying local COVID-19 restrictions, Tesla reopened its Fremont Factory on May 11, 2020, after a temporary closure due to the pandemic. This decision sparked controversy and legal action from Alameda County, highlighting the tension between economic activity and public health concerns during the pandemic.
May 13, 2020: Alameda County Lifts Restrictions, Tesla Drops Lawsuit
Following Tesla's reopening of its Fremont Factory, Alameda County lifted its COVID-19 restrictions on May 13, 2020. Consequently, Tesla dropped its lawsuit against the county, resolving the dispute over the factory's reopening.
May 2020: Elon Musk Receives First Tranche of Stock Options Payout
Elon Musk received the first part of his stock options payout, exceeding $700 million, in May 2020. This payout was part of his compensation plan, which had faced a class-action lawsuit alleging breach of fiduciary duty.
May 2020: Tesla Workers Allowed to Stay Home
In May 2020, Elon Musk told Tesla workers they could stay home if they felt uncomfortable coming back to work amid the COVID-19 pandemic.
May 2020: Musk Defies Local COVID-19 Orders
In May 2020, while Alameda County officials were negotiating with Tesla to reopen the Fremont Factory on the 18th, Elon Musk defied local government orders by restarting production on the 11th and sued Alameda County, questioning the legality of the orders.
June 2020: Tesla Achieves First Profitable Year
Between July 2019 and June 2020, Tesla celebrated a significant achievement by reporting profitability for four consecutive quarters. This marked the company's first profitable year, showcasing its financial turnaround and growth.
June 2020: Tesla Publishes Back-to-Work Plan
In June 2020, Tesla published a detailed plan for bringing employees back to work and keeping them safe amid the COVID-19 pandemic, although some employees expressed concerns for their health.
June 2020: Gigafactory Texas Breaks Ground
Tesla broke ground on Gigafactory Texas in June 2020, further expanding its manufacturing capacity within the United States.
July 23, 2020: Tesla Selects Austin for Gigafactory Texas
Tesla chose Austin, Texas as the location for its fifth Gigafactory, known as Gigafactory Texas, on July 23, 2020.
September 2020: Tesla Signs Lithium Supply Agreement with Piedmont Lithium
In September 2020, Tesla secured a long-term supply of high-purity lithium ore by signing a sales agreement with Piedmont Lithium. The deal focuses on spodumene concentrate from Piedmont's North Carolina mineral deposit and is set to last for up to ten years.
September 17, 2020: Court Rules in Tesla's Favor in Martin Tripp Case
On September 17, 2020, a court ruled in favor of Tesla in a lawsuit filed by former employee Martin Tripp. Tripp had been fired for leaking information about Tesla's production practices and subsequently sued the company.
October 2020: Tesla Recalls Vehicles in China Over Suspension Issues
In October 2020, Tesla recalled nearly 50,000 Model X and Y vehicles in China due to suspension problems.
October 22, 2020: Release of the First Beta Version of Tesla's Full Self-Driving Software
On October 22, 2020, Tesla released the first beta version of its highly anticipated Full Self-Driving (FSD) software to a limited group of testers, marking a significant milestone in the development of its autonomous driving technology.
December 14, 2020: Tesla's Market Cap Surpasses Nine Automakers Combined
On December 14, 2020, Tesla achieved a remarkable milestone as its market capitalization exceeded the combined value of the next nine largest automakers. This achievement highlighted Tesla's extraordinary growth and dominance in the automotive industry.
December 2020: COVID-19 Cases at Fremont Factory
By December 2020, COVID-19 cases at Tesla's Fremont Factory grew from 10 in May to 125, with about 450 total cases out of approximately 10,000 workers (4.5%).
December 21, 2020: Tesla Joins the S&P 500
Marking a historic moment, Tesla was included in the S&P 500 index on December 21, 2020. As the most valuable company ever added and the sixth-largest member upon entry, Tesla's inclusion solidified its position as a major player in the stock market.
2020: Lawsuit Filed Against Tesla Over Stock Option Grants
A lawsuit was filed in 2020 against Tesla, alleging the misappropriation of 11 million stock options granted to Elon Musk, Kimbal Musk, Larry Ellison, and others between 2017 and 2020.
2020: Tesla's Cash on Hand at the End of 2020
At the end of 2020, Tesla had $19.4 billion of cash on hand, setting a strong financial foundation for the following year.
2020: Tesla Releases Software Updates for Stop Sign and Traffic Light Recognition
In 2020, Tesla rolled out significant software updates, enabling its cars to recognize and automatically stop at stop signs and traffic lights, enhancing the safety and convenience of its Autopilot system.
2020: Tesla Security Employee's Whistleblower Case Ordered to Arbitration
In 2020, a court ruled that the whistleblower case brought by Karl Hansen, a Tesla security employee, should proceed to arbitration. Hansen had alleged that he was retaliated against for raising concerns about the company's practices.
2020: Tesla Board Settles Shareholder Lawsuit Over SolarCity Acquisition
In 2020, members of the Tesla board settled a shareholder lawsuit pertaining to the SolarCity acquisition. This settlement left Elon Musk as the sole defendant in the case.
2020: Audit of Giga New York Factory Project
In 2020, the New York State Comptroller released an audit of the Giga New York factory project, concluding that it presented many red flags, including lack of basic due diligence and that the factory produced only $0.54 in economic benefits for every $1 spent by the state.
2020: Juneteenth Controversy
Tesla and SpaceX's handling of Juneteenth in 2020 drew significant criticism amid allegations of racial discrimination within the company.
2020: Gigafactory New York Begins Supercharger Production
Tesla began assembling Superchargers at Gigafactory New York in 2020.
2020: Production of Model 3 Vehicles with Potential Rear-View Camera Issues Continues
Tesla continued manufacturing Model 3 vehicles with potential rear-view camera issues until 2020, suggesting a persistent problem.
2020: Tesla's Profits from Bitcoin Investment
Tesla's 2021 investment in Bitcoin yielded higher profits than the company's 2020 car sales, thanks to a significant increase in Bitcoin's price.
2020: Implementation of Autopilot in Model Y Perpetuates Safety Concerns
Tesla's implementation of the Autopilot system in the Model Y in 2020 perpetuated concerns about the system's safety, as it continued to be integrated into new vehicle models.
2020: Tesla and Panasonic's Solar Partnership Ends
The solar partnership between Tesla and Panasonic at Gigafactory New York came to an end in early 2020.
January 2021: Panasonic's Battery Production Capacity at Gigafactory Nevada
By January 2021, Panasonic's production line at Tesla's Gigafactory Nevada had the capacity to manufacture 39 GWh of 2170-type battery cells annually.
January 2021: Tesla's Unique Approach to Full Autonomy
By January 2021, Tesla had trained its self-driving software on over 20 billion miles of real-world driving data collected from its vehicles, showcasing its data-driven approach to achieving full autonomy.
January 2021: Panasonic Exits Solar Business
Panasonic completely exited the solar business in January 2021.
January 2021: Tesla Sues Former Employee Alex Khatilov for Alleged Data Theft
Tesla initiated legal action against a former employee, Alex Khatilov, in January 2021, alleging the theft of company information related to Tesla's Warp Drive software.
February 2021: Tesla Recalls Vehicles Due to Flash Memory Issues
In February 2021, Tesla recalled 135,000 Model S and Model X vehicles manufactured between 2012 and 2018. The recall addressed touchscreen failures caused by a flawed flash memory device with a limited lifespan, impacting safety features and Autopilot.
February 2021: Tesla Invests $1.5 Billion in Bitcoin
In February 2021, a 10-K filing revealed that Tesla had invested $1.5 billion in Bitcoin and planned to accept it as a form of payment. Critics highlighted the environmental concerns of cryptocurrency. Tesla made more profit from this investment than from selling cars in 2020 due to the Bitcoin price increase.
February 2021: Tesla Recalls Model X Vehicles in Germany
In February 2021, the German Federal Motor Transport Authority (KBA) instructed Tesla to recall 12,300 Model X vehicles due to "body moldings problems."
March 2021: Tesla Energy's Online Platform Manages Over 1.2 GWh of Storage
As of March 2021, Tesla Energy reported that its online platform for managing power trading and storage was handling over 1.2 gigawatt-hours of storage capacity.
March 2021: Tesla Acknowledges Limitations of Full Self-Driving Technology
In March 2021, Tesla admitted in a letter to the California Department of Motor Vehicles that its Full Self-Driving (FSD) technology was not yet capable of autonomous driving and was classified as Level 2 automation according to the Society of Automotive Engineers.
March 2021: US Labor Board Orders Musk to Reinstate Fired Employee and Delete Tweet
In March 2021, the US National Labor Relations Board (NLRB) issued an order to Elon Musk, demanding him to delete a tweet and reinstate an employee who had been fired.
March 2021: Panasonic CEO Announces Plans to Reduce Reliance on Tesla
The outgoing CEO of Panasonic stated in March 2021 that Panasonic planned to become less reliant on Tesla as their battery partnership continued to evolve.
March 24, 2021: Tesla Begins Accepting Bitcoin
In a move that sent ripples through the financial world, Tesla announced on March 24, 2021, that it would accept Bitcoin as a form of payment for its vehicles, embracing the growing adoption of cryptocurrencies.
April 2021: Tesla Settles Lawsuit with Former Engineer Guangzhi Cao
In April 2021, Tesla settled a lawsuit with a former engineer, Guangzhi Cao, who was accused of uploading Tesla Autopilot source code to his personal iCloud account. As part of the settlement, Cao was ordered to provide monetary compensation to Tesla.
April 2021: Tesla Found Guilty of Throttling Charging Speed
In April 2021, a Norwegian judge found Tesla guilty of throttling charging speed through a 2019 over-the-air software update. Tesla failed to respond to the lawsuit, and 30 customers were awarded 136,000 Norwegian kroner each ($16,000).
May 2021: Guidehouse Insights Ranks Tesla Last in Autonomous Driving Sector
A May 2021 study by Guidehouse Insights, a respected research and consulting firm, placed Tesla last in both strategy and execution within the autonomous driving sector, highlighting the challenges and criticisms faced by the company.
May 2021: Tesla Removes Radar as Supplemental Sensor
In May 2021, Tesla removed radar as a supplemental sensor from their vehicles, a decision that later coincided with an increase in 'phantom braking' reports by Tesla drivers.
May 2021: Tesla Shifts to Camera-Only Autopilot System
Tesla made a significant technological shift in May 2021 by removing radar sensors and features from its Model 3 and Model Y vehicles, opting to rely solely on camera vision for its Autopilot system.
June 2021: Model 3 Surpasses One Million Sales
By June 2021, Tesla had sold over one million Model 3 vehicles, solidifying its position as a leader in the electric car market and demonstrating the increasing global demand for electric vehicles.
June 2021: NHTSA Launches Investigations into Tesla Crashes Involving Autopilot
By June 2021, the NHTSA had initiated at least 30 investigations into crashes involving Tesla vehicles suspected of using Autopilot. These investigations, some of which involved fatalities, aimed to determine the role of Autopilot in these incidents and assess any potential safety defects.
June 2021: Model X Receives Interior Design Refresh
In June 2021, Tesla implemented a design update for the Model X, focusing on refreshing the interior and enhancing the overall driving experience.
June 2021: Tesla Recalls Vehicles Over Brake Caliper Bolt Concerns
In June 2021, Tesla recalled 5,974 electric vehicles due to concerns about potentially loose brake caliper bolts. This issue could result in tire pressure loss and increase the risk of accidents.
June 2021: Model 3 Sells 1 Million Units
In June 2021, Tesla's Model 3 became the first electric car to sell 1 million units globally.
June 2021: Second Major Design Refresh of Model S
Tesla implemented a second major design refresh for the Model S in June 2021, focusing on interior upgrades and introducing new technology features.
June 2021: Tesla Makes Profit Without Bitcoin or Regulatory Credits
The quarter ending June 2021 was the first time Tesla made a profit independent of Bitcoin investments and regulatory credits.
July 2021: Discrimination Case Awarded $1 Million
In July 2021, former employee Melvin Berry received $1 million in his discrimination case in arbitration against Tesla after claiming racial slurs and being forced to work longer hours at the Fremont plant.
August 2021: Tesla Settles Lawsuit with Alex Khatilov
Tesla reached a settlement in August 2021 with former employee Alex Khatilov, resolving the lawsuit that alleged Khatilov of stealing company information. The terms of the settlement, reached through mediation, were not disclosed.
September 2021: NHTSA Orders Tesla to Provide Data on Autopilot System Following Crashes
In September 2021, the NHTSA ordered Tesla to hand over comprehensive data related to its Autopilot system. This demand followed a series of crashes involving Tesla vehicles and aimed to determine if there were any safety defects within the Autopilot system that contributed to these incidents.
October 2021: Michael Burry Removes Short Position
In October 2021, Michael Burry, a short seller portrayed in The Big Short, removed his short position on Tesla via his firm Scion Asset Management.
October 2021: Jury Awards $137 Million in Racial Harassment Case
In October 2021, a jury awarded Owen Diaz $137 million in damages after he faced racial harassment at Tesla's Fremont facility during 2015-2016.
October 2021: NHTSA Questions Tesla's Response to Autopilot Concerns
In October 2021, the NHTSA questioned Tesla's decision to issue an over-the-air software update to address concerns about the Autopilot system's ability to detect emergency lights at night without issuing a formal recall. This inquiry highlighted the ongoing scrutiny of Tesla's handling of safety concerns related to Autopilot.
October 2021: Tesla Becomes Trillion Dollar Company
Tesla briefly reached a trillion-dollar market capitalization in October 2021.
October 2021: NHTSA Questions Tesla's NDA Policy for FSD Beta Customers
The NHTSA formally asked Tesla in October 2021 to provide an explanation for its policy of requiring customers invited to participate in the Full Self-Driving (FSD) Beta program to sign NDAs. The agency's inquiry aimed to understand the rationale behind these agreements and their potential impact on safety reporting.
October 2021: NTSB Urges Tesla to Improve Autopilot Safety Measures
The National Transportation Safety Board (NTSB) issued a recommendation to Tesla in October 2021, urging the company to modify the design of its Autopilot system to prevent misuse by drivers and enhance safety.
December 1, 2021: Tesla Moves Legal Headquarters to Texas
In a move reflecting shifting corporate landscapes, Tesla relocated its legal headquarters from California to Texas on December 1, 2021. Despite the relocation, Tesla maintained a significant presence in California, continuing to operate its Fremont Factory and expand its operations in the state.
December 2021: Leadership Diversity at Tesla
As of December 2021, only three percent of leadership at Tesla were African American amid numerous complaints of workplace harassment and racial discrimination.
December 2021: Controversy Surrounds Tesla's Camera-Only Approach to Autopilot
In December 2021, The New York Times published a report revealing concerns about Tesla's decision to rely solely on cameras for its Autopilot system, with some experts and former Tesla engineers questioning the safety and viability of this approach.
December 30, 2021: Tesla Issues Major Recall for Rear-View Camera and Trunk Issues
On December 30, 2021, Tesla announced a significant recall of over 475,000 vehicles in the US, encompassing Model 3 and Model S units. The recall addressed concerns related to rear-view camera malfunctions and potential trunk problems.
2021: China Becomes Tesla's Second Largest Market
By 2021, China had become a crucial market for Tesla, generating 26% of the company's sales revenue. The U.S. remained Tesla's top market, accounting for 45% of sales.
2021: Tesla Expands Insurance Operations
Expanding its presence in the insurance sector, Tesla established Tesla Insurance Services, Inc. in 2021, operating as an independent insurance provider.
2021: Tesla Reports Record Net Income and Revenue
For the fiscal year 2021, Tesla reported a net income of $5.52 billion and an annual revenue of $53.8 billion, an increase of 71% over the previous fiscal year.
2021: Model 3 Becomes Bestselling Electric Car
From 2018 to 2021, the Tesla Model 3 became the world's best-selling electric car.
2021: BloombergNEF Estimates Tesla's Battery Pack Cost
In 2021, BloombergNEF estimated that Tesla's battery pack cost was $112 per kilowatt-hour (kWh), lower than the industry average of $132 per kWh.
2021: Tesla's Revenue from Selling Regulatory Credits
In 2021, Tesla earned $314 million from selling regulatory credits to other automakers to meet government pollution standards, though this revenue represented a smaller percentage of their total revenue for several quarters.
2021: Tesla Acquires Site for Megapack Megafactory
In 2021, Tesla purchased a former JC Penney distribution center near Lathrop, California, to build a factory specifically for manufacturing its Megapack, a large-scale energy storage system.
2021: Tesla Introduces the 4680 Battery Cell
In 2021, Tesla unveiled its revolutionary 4680-type battery cell, a significant leap in battery technology. This new cell boasts five times the size of its predecessor, the 2170-type, resulting in increased capacity per cell and a reduction in the total number of cells required per battery pack.
2021: Complaint Triggers Investigation into Tesla's Fremont Factory
In 2021, a complaint was filed against Tesla, leading to an investigation by the California Civil Rights Department into the company's Fremont factory.
2021: Seven Women Allege Sexual Harassment at Tesla's Fremont Factory
In 2021, serious allegations of a culture of rampant sexual harassment at Tesla's Fremont factory were brought to light when seven women came forward with their experiences. The women described being subjected to catcalling, unwanted advances, inappropriate touching, and discrimination in the workplace.
2021: Tesla Sells Two Millionth Electric Car
In the third quarter of 2021, Tesla sold its two millionth electric car, becoming the first auto manufacturer to achieve this milestone.
2021: Tesla Ends 2021 with $17.6 Billion in Cash
Tesla ended 2021 with $17.6 billion of cash on hand, down $1.8 billion from the end of 2020.
2021: Tesla Expands into India
Tesla formally established a presence in India in 2021.
2021: Tesla Divests Maxwell Technologies
Tesla made a strategic move in 2021 by selling Maxwell Technologies, a company specializing in ultracapacitor and dry electrode technologies, which it had acquired in 2019.
February 2022: Increase in 'Phantom Braking' Reports by Tesla Drivers
In February 2022, Tesla drivers reported a surge in 'phantom braking' events when using Tesla Autopilot, coinciding with the automaker's removal of radar as a supplemental sensor in May 2021. In response, the NHTSA opened an investigation into the issue.
February 2022: California Sues Tesla for Racial Discrimination
In February 2022, the California Department of Fair Employment and Housing sued Tesla for 'discriminating against its Black workers' amid widespread accusations of racism.
March 2022: Model Y Production Begins in Berlin
Tesla's Gigafactory Berlin-Brandenburg commenced production of the Model Y in March 2022, marking a significant milestone for the company's European expansion plans.
March 22, 2022: Gigafactory Berlin-Brandenburg Opens
Tesla's first European Gigafactory, Gigafactory Berlin-Brandenburg, opened on March 22, 2022, with a planned annual production capacity of 500,000 electric cars and the batteries to power those vehicles.
April 7, 2022: Gigafactory Texas Opens
On April 7, 2022, Tesla celebrated the opening of Gigafactory Texas. The factory is the sole production site for the Tesla Cybertruck and manufactures Model Y cars for customers in the eastern U.S.
April 2022: Tesla's Use of Prismatic LFP Batteries
By April 2022, Tesla had significantly incorporated prismatic lithium iron phosphate (LFP) batteries into their entry-level Model 3 and Model Y vehicles. These batteries, sourced from CATL in China, offer a cost-effective alternative due to the absence of nickel and cobalt, despite having lower energy density.
April 2022: Model Y Production Begins in Texas
Gigafactory Texas, Tesla's newest manufacturing facility, began producing the Model Y in April 2022, adding to the company's production capacity and supporting its goal of meeting the growing demand for its electric vehicles.
April 2022: Judge Upholds Liability in Diaz Case
In April 2022, federal judge William Orrick upheld the jury's finding of Tesla's liability in the Owen Diaz case but reduced the damages to $15 million.
April 2022: Delaware Court of Chancery Rules in Favor of Musk in SolarCity Acquisition Case
In April 2022, the Delaware Court of Chancery ruled in favor of Elon Musk regarding a lawsuit alleging impropriety in Tesla's acquisition of SolarCity.
May 2022: Judge Rules Sexual Harassment Lawsuit Against Tesla Can Proceed to Court
In May 2022, a California judge ruled against Tesla's request for closed-door arbitration in the sexual harassment lawsuit, allowing the case to proceed to court. This decision marked a setback for Tesla's efforts to resolve the matter privately.
June 2022: NFC Card Vulnerability Discovered in Tesla Vehicles
In June 2022, Martin Herfurt, a security researcher in Austria, discovered that changes made to make Tesla vehicles easier to start with NFC cards also allowed for pairing new keys to the vehicle, thus enabling an attacker to enroll their own keys.
June 2022: Diaz Rejects Reduced Award
In June 2022, Owen Diaz rejected the reduced $15 million award in his racial harassment case, opening the door for a new trial.
June 2022: Arbitrator Rules Against Tesla Whistleblower Karl Hansen
In June 2022, in the case of Tesla security employee Karl Hansen, who had alleged whistleblower retaliation, an arbitrator ruled against him. The arbitrator determined that Hansen failed to provide sufficient evidence to support his claims, resulting in the dismissal of his case.
June 2022: NHTSA Expands Probe into Tesla Autopilot System
The NHTSA significantly expanded its investigation into Tesla's Autopilot system in June 2022, encompassing 830,000 vehicles across all current Tesla models. This expansion reflected growing concerns about the system's potential to undermine driver attention and exacerbate safety risks.
July 2022: Tesla Sells Majority of Bitcoin Holdings
Citing environmental concerns related to Bitcoin mining's energy consumption, Tesla sold approximately 75% of its Bitcoin holdings by July 2022. This decision reflected Tesla's commitment to sustainable practices and raised questions about the long-term viability of Bitcoin as a payment method.
July 2022: Concerns and Scrutiny Surround Tesla's Full Self-Driving Beta Release
The release of Tesla's Full Self-Driving (FSD) beta software sparked renewed concerns and scrutiny regarding the technology's readiness for public road testing, with organizations like the National Transportation Safety Board (NTSB) calling for stricter safety regulations.
August 2022: Safety Test Raises Concerns about Tesla's Full Self-Driving System
A safety test conducted in August 2022 by the Dawn Project raised significant concerns about the performance of Tesla's Full Self-Driving (FSD) system. The test, which involved a child-sized mannequin, showed that a test driver using the beta version of FSD repeatedly hit the mannequin, sparking controversy and debate about the system's safety.
August 2022: Larry Ellison Steps Down from Tesla Board
In August 2022, Larry Ellison stepped down from Tesla's board of directors, having been one of the independent members added at the end of 2018.
September 2022: Tesla Recalls Vehicles Over Automatic Window Reversal System Malfunction
In September 2022, Tesla recalled almost 1.1 million vehicles in the US due to a malfunctioning automatic window reversal system. The system's failure to react correctly to obstructions posed a risk of injury, prompting an over-the-air software update.
September 2022: Tesla Unveils Optimus Humanoid Robot Prototype
In September 2022, Tesla unveiled prototypes of its humanoid robot, named Optimus, at its highly anticipated AI Day event. Elon Musk, Tesla's CEO, highlighted that Optimus utilizes the same core software as the company's Full Self-Driving (FSD) technology.
December 1, 2022: First Tesla Semi Deliveries Made
Tesla reached a milestone on December 1, 2022, by delivering the first units of its electric semi-truck, the Tesla Semi, to PepsiCo. This marked the beginning of Tesla's foray into the heavy-duty trucking industry.
2022: Tesla Opens Megapack Battery Factory in Lathrop
Expanding its energy storage capabilities, Tesla opened a Megafactory in Lathrop, California, in 2022. This facility focuses on producing Megapack batteries, highlighting Tesla's commitment to renewable energy solutions.
2022: Tesla Reports Significant Increase in Vehicle Deliveries
In 2022, Tesla reported a significant increase in vehicle deliveries, setting the stage for their record-breaking performance in 2023.
2022: California Civil Rights Department Sued Tesla over Alleged Racial Bias at Fremont Factory
In 2022, the California Civil Rights Department filed a lawsuit against Tesla, alleging a pattern of racial harassment and bias at the company's Fremont factory.
2022: Tesla Opens Up NACS to Other Manufacturers
In a significant move in 2022, Tesla opened its proprietary North American Charging Standard (NACS) to other electric vehicle manufacturers. This decision paved the way for wider adoption of the NACS connector, potentially making it the industry standard.
2022: Tesla Energy Experiences Decline in Solar Energy System Deployments
Tesla Energy saw a decrease of 36% in solar energy system deployments in 2022 compared to the previous year.
2022: Megapack Megafactory Opens
Tesla's Megafactory, dedicated to producing Megapack energy storage systems, began operations in 2022.
January 2023: Tesla Expands Insurance Availability
By January 2023, Tesla expanded its insurance services to cover 12 states in the U.S. and started offering coverage for non-Tesla vehicles owned by Tesla customers.
February 2023: California Jury Finds Musk and Tesla Not Liable in Class-Action Lawsuit
A California jury ruled in February 2023 that Elon Musk and Tesla were not liable in a class-action lawsuit stemming from Musk's 2018 tweets about taking Tesla private.
February 2023: Tesla Recalls FSD Software After NHTSA Recommendation
In February 2023, Tesla recalled its Full Self-Driving (FSD) software based on a recommendation from the NHTSA. The recall affected approximately 360,000 vehicles and stemmed from the NHTSA's finding that FSD posed an "unreasonable risk" in urban environments.
February 2023: Tesla Announces Global Engineering Headquarters in Palo Alto
Strengthening its presence in California, Tesla announced in February 2023 the establishment of a global engineering headquarters in Palo Alto, demonstrating its commitment to innovation and technological advancement.
March 2023: Tesla Announces Gigafactory Mexico
In March 2023, Tesla unveiled its plans to establish a Gigafactory in Mexico, further expanding its global manufacturing presence to meet the growing demand for electric vehicles. The factory is expected to be operational in 2025.
March 2023: Tesla Recalls Model Y Vehicles Over Seat Bolting Issue
Tesla recalled around 3,500 Model Y vehicles in March 2023 due to a bolting problem affecting the cars' second-row seats.
April 2023: New Trial Awards Diaz $3.2 Million
In April 2023, Owen Diaz was awarded $3.2 million in a new trial regarding his racial harassment case against Tesla.
April 2023: California Civil Rights Department Continues Probe into Tesla's Fremont Factory
In April 2023, the California Civil Rights Department, amidst an ongoing investigation into allegations of racial bias and harassment at Tesla's Fremont factory, claimed that Tesla was obstructing the investigation.
May 2023: Current Tesla Board Members as of May 2023
As of May 2023, Tesla's board members include a mix of experienced professionals from various industries, reflecting the company's commitment to diverse leadership.
May 2023: Update on Tesla Roadster Release
Elon Musk, CEO of Tesla, indicated in May 2023 that the second-generation Roadster is expected to begin shipping in 2024.
May 2023: Handelsblatt Publishes Tesla Data Leak Articles
In May 2023, German business newspaper Handelsblatt published articles based on 100 gigabytes of internal Tesla data submitted by informants, revealing over 1,000 accident reports involving phantom braking or unintended acceleration, as well as complaints about Tesla Autopilot. Dutch authorities began investigating the company for possible data privacy violations.
May 2023: Major EV Manufacturers Announce Switch to Tesla Charging Standard
In a significant industry shift, several major North American electric vehicle manufacturers revealed their plans between May 2023 and February 2024 to adopt Tesla's North American Charging Standard (NACS) adapters on their EVs by 2025. This move towards a standardized charging infrastructure is expected to benefit Tesla by generating recurring revenue and solidify its position as a leader in the EV charging market.
June 2023: Delaware Supreme Court Upholds Ruling in Favor of Musk in SolarCity Case
The Delaware Supreme Court upheld a previous ruling in June 2023, clearing Elon Musk of any wrongdoing in Tesla's acquisition of SolarCity.
July 2023: Tesla Acquires and Sells Wiferion
In July 2023, Tesla acquired Wiferion, a German company specializing in wireless charging for industrial vehicles and robots. However, Tesla sold Wiferion to the Puls Group just three months later, although Tesla retained Wiferion's staff.
July 2023: Tesla Board Members Settle Lawsuit Over Stock Option Grants
In July 2023, Tesla board members agreed to return $735 million to the company, settling a lawsuit filed in 2020 that alleged misappropriation of stock options.
July 2023: Tesla Cybertruck Pilot Production Starts
Tesla commenced pilot production of the Cybertruck in July 2023, marking a significant step toward its official launch.
September 2023: Model 3 Receives Exterior and Interior Refresh
Tesla introduced a major design update for the Model 3 in September 2023, encompassing both exterior and interior changes to enhance its appeal and maintain its competitiveness in the evolving electric car market.
October 2023: Swedish Labor Union Initiates Strike Against Tesla Subsidiary
October 2023 saw the Swedish labor union IF Metall initiate a strike against a Tesla subsidiary. The strike was in response to the company's refusal to sign a collective agreement.
October 2023: Tesla to Open Office in Pune, India
Tesla announced plans to open an office in Pune, India, starting in October 2023, further solidifying its presence in the country.
November 2023: Dutch Investigation into Tesla Data Protection
As of November 2023, the Data Protection Authority in the Netherlands is investigating Tesla for potential privacy law violations, following whistleblower allegations of serious data protection lapses.
November 2023: First Cybertruck Produced in Texas
In November 2023, Tesla achieved a significant milestone by producing the first Cybertruck at Gigafactory Texas.
November 2023: Tesla Offers Six Vehicle Models
As of November 2023, Tesla's product lineup consists of six vehicle models: Model S, Model X, Model 3, Model Y, Tesla Semi, and Cybertruck, showcasing its diverse range of electric vehicles.
November 30, 2023: Tesla Cybertruck Deliveries Begin
After much anticipation and several delays, Tesla began delivering its highly anticipated Cybertruck pickup truck on November 30, 2023.
December 2023: Tesla Issues Extensive Recall for Autopilot System After NHTSA Investigation
In December 2023, following a two-year investigation by the NHTSA, Tesla issued a comprehensive recall covering all vehicles equipped with any version of its Autopilot system. This recall, affecting over two million vehicles produced between 2012 and 2023, aimed to address concerns regarding the Autopilot system's controls and their potential to compromise driver supervision and safety.
December 2023: Tesla Semi Remains in Pilot Production
As of December 2023, the Tesla Semi remained in the pilot production phase, with full-scale production expected to commence in the near future.
2023: Tesla Utilizes Four Battery Cell Form Factors
As of 2023, Tesla uses four different battery cell form factors in its vehicles: 18650, 2170, 4680, and prismatic.
2023: Tesla Cybertruck Launch and Model Y Sales Success
In 2023, Tesla launched the Cybertruck pickup truck, and the Model Y became the best-selling vehicle globally.
2023: Tesla Ranks as World's Bestselling Battery Electric Car Manufacturer
In 2023, Tesla ranked as the world's bestselling battery electric passenger car manufacturer with a market share of 19.9%. The company reported vehicle deliveries of 1.8 million units, up 38% from 2022. Despite BYD taking the top spot for EVs shipped in Q4 2023, Tesla regained the title in Q1 2024.
2023: Tesla Owner Files Lawsuit Over Camera Footage
In 2023, a Tesla owner filed a lawsuit following a Reuters report that Tesla employees shared 'highly invasive videos and images recorded by customers' car cameras' with one another.
2023: J. B. Straubel Elected to Tesla Board
In 2023, former Tesla CTO J. B. Straubel was elected to the company's board of directors, bringing his expertise back to Tesla's leadership team.
2023: Model Y Becomes World's Best-Selling Car
In a groundbreaking achievement for the electric vehicle market, the Tesla Model Y surpassed the Toyota Corolla in sales during the first quarter of 2023, becoming the world's best-selling car. This marked the first time an electric vehicle claimed this title, signifying a potential turning point in the automotive industry.
2023: Tesla and Hilton Partner to Expand Destination Charging
In a significant boost to its Destination Charging network, Tesla announced a partnership with Hilton Worldwide in 2023 to install 20,000 charging stations across Hilton properties in North America.
2023: Tesla Energy Reports Growth in Battery Storage Deployments
Tesla Energy reported a substantial 125% year-over-year increase in battery energy storage product deployments in 2023, reaching 14.7 gigawatt-hours.
2023: Tesla Dominates EV Market and Forbes Global 2000 Ranking
Tesla led the battery electric vehicle market with a 19.9% share and ranked 69th on the Forbes Global 2000 list in 2023.
January 2024: California Counties Sue and Settle with Tesla Over Hazardous Waste Disposal
In January 2024, 25 counties in California filed a lawsuit against Tesla, accusing the company of illegally disposing of hazardous waste. The case was quickly settled, with Tesla agreeing to pay US$1.5 million, admit to intentional and negligent actions, implement employee training on hazardous waste disposal, and undergo facility audits for waste disposal practices over the following five years.
February 2024: Major EV Manufacturers Announce Switch to Tesla Charging Standard
In a significant industry shift, several major North American electric vehicle manufacturers revealed their plans between May 2023 and February 2024 to adopt Tesla's North American Charging Standard (NACS) adapters on their EVs by 2025. This move towards a standardized charging infrastructure is expected to benefit Tesla by generating recurring revenue and solidify its position as a leader in the EV charging market.
March 2024: Tesla Produces Six Millionth Car
In March 2024, Tesla produced its six millionth car, marking a significant milestone in the company's manufacturing history.
March 2024: Tesla's 10 Largest Shareholders
In March 2024, the text lists the 10 largest shareholders of Tesla, Inc. No further details about specific events related to these shareholders are provided.
March 2024: Tesla: Most Valuable Automaker
As of March 2024, Tesla became the world's most valuable automaker.
April 15, 2024: Tesla Partners with Tata Electronics for Semiconductor Chips
On April 15, 2024, Tesla made a deal with Tata Electronics for the supply of semiconductor chips, indicating a move toward entering the Indian automotive market.
April 2024: Tesla Announces Employee Layoffs
In a move to streamline operations and address economic uncertainties, Tesla announced a 10% reduction in its workforce in April 2024. This decision reflected the challenges faced by the tech industry and the wider economic landscape.
April 2024: Tesla Full Self-Driving Approved in China
Tesla achieved a regulatory milestone in late April 2024, as its Full Self-Driving (FSD) technology received approval in China. This approval opened up a significant market for Tesla's autonomous driving capabilities.
May 2, 2024: Tesla Shifts Away from Next-Generation Gigacasting
Tesla announced its decision to abandon its plans for next-generation gigacasting on May 2, 2024, choosing instead to focus on its existing manufacturing methods.
May 2024: US Federal Prosecutors Investigate Tesla's Autopilot and Full Self-Driving Claims
In May 2024, Reuters reported that US federal prosecutors were investigating Tesla for potential securities or wire fraud. The investigation focused on whether the company mislead investors and customers regarding its Autopilot and Full Self-Driving technologies.
2024: Tesla's Expanding Global Presence
By 2024, Tesla's global presence grew to include seven large factories, about a dozen smaller factories, and over 1,200 retail stores, galleries, service centers, delivery centers, and body shops.
2024: Tesla Semi Full Production Update
In 2024, Tesla provided an update on the production timeline for the Tesla Semi, indicating that full-scale production would commence in 2025.
2025: Projected Widespread Adoption of NACS by Automakers
By 2025, a significant shift in the electric vehicle industry is anticipated, with nearly all major automakers planning to equip their electric vehicles sold in North America with the Tesla-developed North American Charging Standard (NACS) charge port.
2025: EV Manufacturers Expected to Implement Tesla Charging Standard
By 2025, major North American electric vehicle manufacturers are expected to have implemented Tesla's North American Charging Standard (NACS) adapters on their EVs. This adoption of a unified charging standard is set to reshape the EV industry.
2025: Tesla's Next-Generation Vehicle Platform
Tesla announced a new electric vehicle platform, expected to be available no sooner than 2025, marking the company's third platform development.
2025: Tesla Plans Gigafactory Mexico
Tesla announced plans to open its sixth Gigafactory near Monterrey, Mexico, in 2025.
2025: Full Production of Tesla Semi to Begin
Tesla has announced that full-scale production of the Tesla Semi, its electric semi-truck, is scheduled to begin in 2025.
2025: Gigafactory Mexico Expected to Open
Tesla's Gigafactory Mexico, announced in March 2023, is projected to commence operations in 2025, further strengthening the company's global production capabilities.
