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Roadster
esla began delivery of the Roadster, an electric sports car, in 2008. With sales of about 2,500 vehicles, it was the first mass production all-electric car to use lithium-ion battery cells.[122] Under Musk, Tesla has since launched several well-selling electric vehicles, including the four-door sedan Model S (2012), the crossover Model X (2015), the mass-market sedan Model 3 (2017), the crossover Model Y (2020), and the pickup truck Cybertruck (2023).[123][124][125][126][127] In May 2020 Musk resigned from chairman of the board as part of the settlement of a lawsuit from the SEC over him tweeting that funding had been "secured" for potentially taking Tesla private.[128][129] The company has also constructed multiple lithium-ion battery and electric vehicle factories, called Gigafactories.[130] Since its initial public offering in 2010,[131] Tesla stock has risen significantly; it became the most valuable carmaker in summer 2020,[132][133] and it entered the S&P 500 later that year.[134][135] In October 2021, it reached a market capitalization of $1 trillion, the sixth company in U.S. history to do so.[136]
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