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In early 2024, Tesla appointed Omead Afshar as vice president of sales and manufacturing and reduced its workforce by over 10%. Development of the 'Model 2' is paused for the Cybercab project.

Tesla, Inc. plans to launch its Cybercab, a fully autonomous vehicle, before 2027. CEO Elon Musk revealed a ride-hail service in Texas and California next year using self-driving Model 3 and Model Y.

Tesla, Inc. sold 471,374 electric vehicles in the U.S. through the end of the third quarter of 2024, significantly surpassing General Motors' EV sales over nearly eight years.

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About Tesla

Tesla, Inc. engages in the design, development, manufacture, and sale of electric vehicles and energy generation and storage systems. It operates through the Automotive and Energy Generation and Storage segments. The Automotive segment includes the design, development, manufacture, sale, and lease of electric vehicles as well as sales of automotive regulatory credits. The Energy Generation and Storage segment is involved in the design, manufacture, installation, sale, and lease of solar energy generation, energy storage products, and related services and sales of solar energy systems incentives. The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Austin, TX.