As of January 2025, Tesla is the second best-selling EV company in the world

BYD Auto is the largest EV maker in China, overtaking Tesla

As of 2023, the company has 40% of the electric vehicle market in China and produces more than 3 million EVs for customers worldwide. Its vertical integration, which includes building its own batteries and cargo ships, has allowed BYD to lower retail costs.

BYD overcame Tesla via state backing, cheaper cars, and vertical integration

The one-time battery company eclipsed Tesla in total sales in 2024. The Chinese-backed manufacturer targets low- to mid-tier cars and builds 75% of its components in-house. Its cars typically retail at half the cost of similar Tesla models.

Explore a timeline of Tesla through 2025

Initially called Tesla Motors, the company was renamed Tesla Inc. in February 2017. Its Model Y became the world's bestselling EV worldwide by the end of 2023, overtaking the Model 3's title from 2020.

US EV sales grew from 1.4 million vehicles in 2023, to 1.7 million in 2024

California, Florida and Texas have the highest number of electric vehicle registrations in the US, while Mississippi, North Dakota and West Virginia have the lowest. Charging station infrastructure, high costs, and range anxiety contribute to lower adoption rates.

By designing a $35,000 car, Tesla sought to bring EVs into the mainstream

Despite production delays, factory struggles, and skepticism from established carmakers, Tesla reached its goal of making 5,000 Model 3s per week. This achievement marked a turning point, proving that electric vehicles could be scalable to meet increasing demand.

How lithium has become one of the world's most important elements

Lithium is the driving force behind electric vehicles as the key element in the lithium-ion batteries that power the cars. But as demand for EVs rises, will global lithium supply keep pace with demand? This report projects demand will reach up to four million metric tons of the mineral compound containing lithium by 2030, with batteries accounting for 95% of end-use applications.

At its peak in 2001, the Toyota Prius made up 77% of the US hybrid vehicle market

Celebrities and early adopters popularized the model, making it a cultural symbol for eco-conscious driving and fuel efficiency. The rise of fully electric vehicles, like Tesla's Model 3, caused the Prius to lose the spotlight.

Tesla's production of a high-performance electric vehicle revived the EV industry

The Model 3 shifted public perception by showing that EVs could be fast and desirable, and built at scale. However, at one point, Tesla built an entirely manual production line in a tent outside its main factory to keep up with demand.

Over-the-air updates, pioneered by Tesla, have become the industry standard

Tesla's innovative direct-to-consumer sales model and online ordering system changed car-buying, and the Model S, which had a 200-mile range, forced other automakers to enhance their EV offerings and rethink vehicle design.

California startup Rivian has attracted disillusioned Tesla owners

Some electric vehicle buyers frustrated by Elon Musk's antics have been won over by the adventure-focused company, which has received a $5B investment from the Volkswagen Group to develop crossover and hatchback models with solid-state batteries.

As of 2025, most EV batteries retain 95% or more of their range after three years

Data from over 30,000 electric vehicles shows that their batteries are lasting much longer than initially projected, which researchers suggest is due to improved battery management systems and real-world use often being less rigorous than high-performance testing. Cars with 150,000 miles or more that have not had a battery replacement retain at least 83% of their original range.

In 2025, almost 90% of global shipments of humanoid robots came from Chinese companies, led by Unitree and AgiBot, with over 5,000 units each.

Tesla open-sourced all its patents to speed up industry adoption of electric vehicles

The company employed a disruptive strategy to transform the transportation market, but early struggles, including leadership shifts and near bankruptcy in 2008, threatened its efforts to bring electric vehicles to the mainstream.

As of 2025, China used the most electricity of any country, accounting for 33% of the total global demand and more than twice that of the US.

Electric vehicles have been around since the 19th century

The first EVs ran on rechargeable lead-acid batteries, which could travel 60 to 80 miles on a single charge. Women preferred these vehicles, which were quieter, less smelly, and did not require turning a hand crank to start the engine.

As of 2024, 13 states have plans to phase out gas-powered cars

In 2022, California adopted the Advanced Clean Cars II Act, which requires all new passenger cars, trucks, and SUVs sold to produce zero emissions by 2035. Other states adopted similar laws, joining more than 50 countries with phaseout plans.

Hydrogen vehicle adoption has struggled due to high costs and stiff EV competition

Despite features like fast refueling and zero emissions, hydrogen vehicles face significant hurdles in affordability and infrastructure. As of 2025, there are about 200,000 electric vehicle charging stations compared to fewer than 100 hydrogen fuel ones.

Nearly 40% of American cars were electric in 1899

They were most common in cities, where battery swap stations allowed drivers to "refuel" their vehicles reliably. Innovations in combustion engines caused electric cars to lose ground until environmental policies and advances in battery technology revitalized interest.

Despite electric usage concerns, EV charging accounts for less than 1% of grid load

Other popular myths about EVs include battery failure concerns—failure rates are less than 1% on newer models—and that there are no places to charge cars, though both at-home outlets and more than 77,000 stations on the road are available.

Tesla short sellers benefited from the company's poor performance in 2025

Tesla was widely considered the most-shorted stock until 2024, despite consistent short-seller losses. Between 2016 and 2020, short sellers reportedly lost more than $11B as Tesla's stock price continued climbing. However, long-held short positions began paying out in 2025 as Musk's foray into politics and his eventual feud with President Trump hurt Tesla's stock performance. In 2025, Tesla short sellers made more than $10B.

The world's 50 most valuable private companies

While public companies typically have the highest valuations, private companies get close. This list breaks down the top 50 as of 2025, with SpaceX at the top with a value of $350B, followed by ByteDance. Over three-fifths of the list are located in the US, with eight in China.

Take a drone tour of a Tesla factory

The first of Tesla's large-scale European manufacturing plants for its electric vehicles was opened in Berlin in 2022. It—along with other facilities in Nevada, New York, Texas, and Shanghai—collectively manufactures solar panels, batteries, and other energy collection and storage products.

Battery and plug-in hybrid EVs can operate with zero tailpipe emissions

Battery electric vehicles only run on electricity, while plug-in hybrids incorporate a small internal combustion engine that recharges the battery or directly powers the wheels to improve driving range. Fuel cell electric vehicles convert hydrogen gas fuel into electricity.

High fuel prices and fuel shortages revived dormant interest in EVs

Electric vehicles, in the form of motorized carriages, predate the invention of the gas-powered automobile by over 40 years. The latter's affordability made it more popular until technological advances made EVs more viable to consumers in the early 2000s.

Charging an EV depends on power source, charger type and battery size

It takes less time to charge an electric vehicle's battery for Level 3 chargers, which can deliver 80% capacity in as little as 30 minutes. Level 1 chargers can take days. Larger vehicles possess larger batteries that increase charging time, despite often having less range.

Elon Musk joined Tesla in 2004, investing $30M and becoming chair

The company went public in 2010, raising $226 million in its IPO just two years after beginning production on its first car. Tesla's first Supercharger stations were launched in 2012 with six locations in California.

See Bloomberg's continuously updated Billionaire Index

This ranking, updated daily, shows a running tally of the world's 500 richest people. Tesla and SpaceX CEO Elon Musk has largely been atop the list, with a net worth of around $723B as of June 2026. Values fluctuate significantly as much of the wealth is tied to equity in companies. (Some users may experience a paywall.)

A pair of engineers began Tesla to prove the viability of electric vehicles

Martin Eberhard and Marc Tarpenning sought to design a high-end electric sports car for environmentally motivated, affluent buyers. The Tesla Roadster would be the first highway-legal car to use lithium-ion batteries.

Tesla plans to eliminate the use of rare earth elements in future vehicles

At a 2023 Investor Day event, Elon Musk outlined steps to focus Tesla's efforts on climate action rather than new vehicle models. Musk estimates the transition to carbon-free, sustainable energy will cost $10T.

Growing EV adoption requires battery management infrastructure

Despite rechargeable batteries' limited life cycle, companies like Spiers New Technologies have developed methods to repair, refurbish, repurpose and recycle these components to minimize environmental waste, lower demand for new critical minerals, and increase electric vehicle lifetimes.

Explore a gallery of electric vehicles from before 1920

In 1884, Thomas Parker invented the first practical electric car in London. By the turn of the century, early EVs were seen on the streets of Washington, DC. Automaker promotional materials included photographs of cars on mountain roads and other terrains.

Watch a tour of a battery manufacturing gigafactory

Inside Contemporary Amperex Technology Limited's facility, China's largest EV battery manufacturer uses slurry mixing, "jelly rolling," electrolyte injection, and other techniques and equipment to transform raw metals such as lithium and magnesium into approximately 2.2 million electrochemical cells daily.

In 2023, self-driving cars drove 3.3 million miles on California's roads

According to the state's DMV, the mileage represented a fivefold increase from the previous year. General Motors' Cruise and Alphabet's Waymo accounted for the bulk of miles, though 38 companies have received permits to test autonomous vehicles in the state.

2023's worst performing US IPOs

While an IPO is a huge milestone, it isn't always a total success in the long-term. This data visualization shows some of the worst-performing IPOs of 2023, based on their percentage returns at the end of the year, It includes an NFT gaming company and a Chinese EV battery company.

View the five most expensive metals used to make batteries

Before 2021, when lithium carbonate became the most expensive metal for use in electric vehicle cathodes, cobalt was the most costly battery metal. Of the top five, copper is the only metal not used in cathodes, arguably the most important part of the battery, which determines performance, longevity, and range.

Why the $25K car is going extinct

The share of overall new auto sales under $25k was 4.8% in February 2025, according to the automotive pricing source Edmunds. That's down from 23% during the same month in 2019.

The average electric vehicle motor has about 20 moving parts

The simpler design significantly reduces the energy lost to heat compared to the approximately 2,000 parts in a gas-powered car. Pollution is also lower, though an EV's emission profile is only as clean as the electric utility it's plugged into.

View a breakdown of global electricity generation in 2025, led by coal power plants.

The widespread need for rechargeable batteries has fueled surging lithium demand

As of 2025, the average person uses 27 times more mined lithium than they did in the 1990s, with the US ranking second globally in consumption despite producing less than 1% of global supply. However, potential alternative materials and boom-and-bust cycles have challenged the profitability of mines and future demand for the mineral.

Map your next trip along Tesla's Supercharger network

This community-driven platform—created by Tesla enthusiasts—provides information on site statuses, power levels, and plug types across nearly 8,000 stations worldwide.

Tesla's alternating current power's most of the world's electric grids

In 1879, Thomas Edison’s light bulb relied on direct current, but such currents can't efficiently transmit power over long distances. Nikola Tesla introduced alternating current, which feature far fewer energy loses. Despite Edison’s attempts to discredit AC, Tesla proved its efficiency by lighting the 1893 Chicago World’s Fair.

Porsche briefly made Volkswagen the most valuable company in the world in 2008

In the wake of the 2008 global financial crisis, hedge funds began placing short positions on German automaker Volkswagen. Around the same time, Porsche began acquiring a majority stake in Volkswagen, which decreased the amount of available shares, or the "stock float." Porsche then announced that it owned more than 74% of the company, prompting short sellers to realize they had placed more short positions than were logistically possible given that less than 6% of the company's shares were available to trade. In what is largely recognized as the biggest short squeeze in history, Porsche made $10B, and hedge funds lost more than $30B.

As of 2022, just 0.5% of installed renewable energy capacity worldwide is geothermal

Despite being able to generate electricity regardless of the weather, solar (28%) and wind (27%) are far more prevalent, primarily because of their lower upfront costs. Geothermal plants use 88% less space than solar farms to produce the same energy, but have been restricted to geologically active regions.

Electrical grids worldwide must double their power delivery capacity by 2050 to meet surging demand from AI and electric vehicles.

From 1991 to 2024, lithium-ion battery cell prices have fallen by 99%

The decrease from about $10,000 to $50 per kilowatt-hour has been driven by innovations in battery chemistry, improvements in manufacturing and supply chains, and increases in global cumulative production, which have caused average price declines of 19% each time it has doubled.

Many of the top companies in the US by market cap began as tech startups

Combined, the top seven companies by market cap in the US as of December 2024—Apple, Nvidia, Microsoft, Alphabet, Amazon, Meta, and Tesla—were worth more than $16T at the time.

Which cars retain the most value after five years?

Aside from two different models of Porsches, the cars with the lowest rates of depreciation after five years aren't luxury vehicles. For instance, Honda Civics and Toyota Corollas both made the top 10 list. To see the ranking, which is based on data from over 1.1 million used cars from model year 2018 and sold between November 2022 and October 2023, click here.

As of 2024, China is the largest overall contributor to global greenhouse gas emissions

Due to its large population, the nation's per capita emissions continue to lag behind those of the US, Canada, Russia, Australia, and Saudi Arabia. The Arab country has experienced the most significant increase in per capita greenhouse gas emissions since 1990, now leading the world at 22.8 metric tons of carbon dioxide equivalent per capita.

China is the world’s largest importer of crude oil

China is pushing to reduce its reliance on US oil to limit geopolitical vulnerabilities. It’s rapidly becoming the world’s renewable energy superpower.

Nvidia controls more than four-fifths of the GPU market—but isn't considered a monopoly

Semiconductor company Nvidia has a commanding market share when it comes to graphics processing units. Its competitors include Advanced Micro Devices and Intel, which together account for less than a fifth of the GPU market.