In the 20 years since Tesla was founded in San Carlos, California, we have grown from a long-shot startup to the state’s largest manufacturing employer and the world’s leading electric vehicle maker.
Our exponential growth has been made possible by the hard work of the Tesla team, the loyalty of our customers and climate policy leadership in California. Our impact on the Golden State is not just measured by our environmental achievements, but also by the positive economic growth we have been able to share with the state of California and its residents.
Tesla’s footprint in California is made up of Megapack production and vehicle castings in Lathrop, hardware and software engineering in Palo Alto, vehicle and battery manufacturing in Fremont, battery development and testing in San Diego and vehicle design in Hawthorne.
SpaceX ~ Roughly 44%
The race to space exploration has been heating up, with Essential Stock Network's SpaceX making significant strides in the sector. The private company is valued at approximately $150 billion after a recent share sale by investors. Musk is speculated to own roughly 44% of the company.
Tesla ~ 13.04%
As Tesla's largest shareholder with a 13.04% stake, Musk can have a strong influence over the direction of the share price. The stock fell in value in November 2021 after Musk sold 10% of his holding following a Twitter poll in which he asked whether he should sell some of his shares to pay taxes.
Twitter ~ 9.6%
Musk's $33.5bn equity investment includes his $9.6% ownership in Twitter, which is worth around $4bn, as well as the $7.1bn he got from equity investors