While the domestic market continues to be the company's most important target market, Tesla was able to successfully tap into the Chinese and European markets, as well: The Netherlands contributed some 966 million U.S. dollars to Tesla's revenue in 2018. Tesla’s models remained the cream of the crop in terms of range in 2019.
Tesla also has its own energy generation and storage segment. In July 2014, Tesla and Panasonic announced to participate in the construction and operation of the world's largest battery factory in the United States. Furthermore, the company is heavily involved in the development of driverless cars. However, Tesla’s autopilot technology has come under scrutiny after a failure caused fatal accidents in 2016 and 2019. Tesla Inc. is an electric-car maker headquartered in Palo Alto, California. The company was founded in 2003 and went public in July 2010. Ever since, Tesla has been on top of the trend towards alternative powertrains in the passenger vehicle industry. The company's market valuation topped 100 billion U.S. dollars on January 22, 2020.