Founded in 2003 by Elon Musk and engineers Martin Eberhard and Marc Tarpenning, Tesla is a vertically integrated sustainable energy company headquartered in Austin, Texas. It produces electric vehicles, batteries, and components at its factory in Fremont, California. Tesla also sells solar panels and aims to transition the world to electric mobility. With a market cap of $34.32 billion, Tesla's goal is to increase the number and variety of electric vehicles through its own branded vehicles, selling electric components to other automakers, and serving as a positive example to the industry.