Tesla formed
Tesla Motors was formed in Delaware in July 2003, according to its IPO prospectus.
Tesla was formed in Delaware in July 2003, began delivering its Roadster sports car in 2008 and went public on Nasdaq in 2010. It expanded from electric cars into solar and energy storage. Its history includes an SEC settlement over chief executive Elon Musk's 2018 statements, litigation over his pay that reached the Delaware Supreme Court, and a 2024 move of its incorporation to Texas.
Tesla is listed on Nasdaq under TSLA and is led by Elon Musk. Its appeal of the Miami Autopilot verdict is pending in the Eleventh Circuit, and it reported third quarter 2026 revenue of $28.05 billion.
Tesla Motors was formed in Delaware in July 2003, according to its IPO prospectus.
Tesla began delivering the Roadster in early 2008, according to its IPO prospectus, which said it had sold 1,063 Roadsters to customers in 22 countries by 31 March 2010.
The US Department of Energy issued Tesla a $465 million loan to produce all-electric vehicles and build a battery and powertrain plant in Fremont, California, according to the department.
Tesla entered into an agreement under which Toyota would buy $50 million of its common stock at the IPO price in a private placement, according to the prospectus.
Tesla priced its initial public offering of 13.3 million shares at $17 each.
Tesla shares began trading on the Nasdaq Global Select Market under the ticker TSLA.
Tesla fully repaid its Department of Energy loan, according to the department.
Tesla completed its acquisition of solar installer SolarCity in a deal valued at about $2.6 billion, SiliconANGLE reported.
Musk posted on Twitter that he could take Tesla private at $420 per share. The SEC's complaint later alleged that the tweets were misleading and lacked an adequate basis in fact.
The SEC charged Musk with securities fraud and charged Tesla with a securities law violation. Both settled without admitting or denying the allegations, and each agreed to pay a $20 million penalty. Musk agreed to step down as chairman and be ineligible for re-election as chairman for three years.
Tesla filed a recall covering 2,031,220 US vehicles to add Autosteer driver controls by over-the-air software update. The recall record links it to a National Highway Traffic Safety Administration engineering analysis.
In a shareholder suit alleging that Tesla's directors breached their fiduciary duties by approving Musk's 2018 performance award, the Delaware Court of Chancery issued an opinion finding that the award should be rescinded.
Tesla said stockholders approved redomesticating the company to Texas and ratified the 2018 CEO performance award. It said it was now incorporated in Texas.
The Court of Chancery denied a motion by Musk, the other director defendants and Tesla to revise its January 2024 opinion after stockholders ratified the award. It awarded plaintiff's counsel fees of $345 million.
A jury in the US District Court for the Southern District of Florida found Tesla 33 percent at fault and the driver 67 percent at fault for a 2019 crash involving Autopilot. It awarded $129 million in compensatory damages and $200 million in punitive damages. Reports put the amount owed by Tesla at about $243 million.
At Tesla's annual meeting, shareholders approved the 2025 CEO performance award for Musk. An advisory proposal on investing in xAI did not pass under the company's bylaws.
The Delaware Supreme Court reversed the Court of Chancery's rescission order, reinstating Musk's 2018 pay package, and awarded $1 in nominal damages. It also significantly reduced the attorney fee award.
Tesla reported 418,227 deliveries in the fourth quarter of 2025 and 1,636,129 for the full year. It said it deployed 46.7 GWh of energy storage in 2025.
US District Judge Beth Bloom denied Tesla's post-trial motions for judgment as a matter of law or a new trial. Claims Journal reported that she said the evidence "more than supported" the verdict.
The Court of Chancery entered a final order implementing the Delaware Supreme Court's reversal, according to Tesla's quarterly report.
Tesla filed its opening brief with the US Court of Appeals for the Eleventh Circuit. The plaintiffs filed their response on 16 September 2026, and Tesla's reply was due by 6 November 2026.
Tesla entered into a $20.0 billion three-year delayed draw term loan facility and an $8.0 billion five-year revolving credit facility, with Citibank as administrative agent.
Tesla reported delivering 486,532 vehicles and deploying 13.7 GWh of energy storage in the third quarter of 2026.
Tesla reported third quarter revenue of $28.05 billion, compared with $28.10 billion a year earlier, and net income attributable to common stockholders of $787 million, down from $1.37 billion.
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Last updated 31 October 2026. Spotted an error? See corrections. Every event links to the record it comes from. Allegations are attributed to whoever made them.