Tesla Inc (Tesla) designs, develops, manufactures, sells, and leases fully electric vehicles. It also installs and maintains energy systems, sells solar electricity, and offers end-to-end clean energy products including generation, storage, and consumption. The company manufactures and sells the Model Y, Model S, Model 3, Model X, Cybertruck, Tesla Semi, and Tesla Roadster vehicles.

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Tesla has undertaken various R&D initiatives by focussing on developing new products and technologies, including proprietary battery cells, AI programs, and manufacturing processes. The company is also investing in the construction of future factories and the expansion of retail and service locations, as well as enhancing its energy product installation capabilities and autonomy and AI-enabled products. The R&D units of the company include engineering and research, manufacturing engineering, and manufacturing test organizations. These units are responsible for managing the company's R&D activities, which encompass personnel costs, prototyping expenses, contract and professional services, and amortized equipment expenses. In FY2025, it spent US$6,411 million on its R&D, which as a percentage of revenue stood at 7%, and grew 41% YoY.