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Tesla, Inc. (/ ˈ t ɛ s l ə / TESS-lə or / ˈ t ɛ z l ə / TEZ-lə [a]) is an American multinational automotive and clean energy company. Headquartered in Austin, Texas, it designs, manufactures and sells battery electric vehicles (BEVs), stationary battery energy storage devices from home to grid-scale, solar panels and solar shingles, and related products and services.
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Tesla's software has been trained based on three billion miles driven by Tesla vehicles on public roads, as of April 2020. [97] [98] Alongside tens of millions of miles on public roads, [99] competitors have trained their software on tens of billions of miles in computer simulations, as of January 2020. [100]
It is used for training Tesla's machine learning models to improve its Full Self-Driving (FSD) advanced driver-assistance system. According to Tesla, it went into production in July 2023. [2] Dojo's goal is to efficiently process millions of terabytes of video data captured from real-life driving situations from Tesla's 4+ million cars. [3]
The downplaying of the ambitious goal comes as Tesla has seen sales slow and corporate revenues plunge. In the first quarter, net income at Tesla fell 55% from the prior year, and its gross profit ...
The incentives come as Tesla tries to meet its goal of delivering a record number of cars this year. The possible end of the $7,500 EV tax credit under Trump could also motivate buyers.
Tesla was incorporated (as Tesla Motors) on July 1, 2003, by Martin Eberhard and Marc Tarpenning in San Carlos, California. [2] [3] [4] The founders were influenced to start the company after General Motors recalled all its EV1 electric cars in 2003 and then destroyed them, [5] and seeing the higher fuel efficiency of battery-electric cars as an opportunity to break the usual correlation ...
Tesla's (TSLA) 2024 went out with a bang, thanks to CEO Elon Musk and one of his biggest gambles yet. While the stock gained over 70% year to date thanks to a post-Trump election surge, it wasn ...