TESLA (originally named after Nikola Tesla, later explained as abbreviation from "TEchnika SLAboproudá", which means "low-voltage technology") was a large, state-owned electrotechnical conglomerate in the former Czechoslovakia.
The company was established as Elektra on 18 January 1921 and renamed TESLA on 7 March 1946. TESLA had a state-sponsored monopoly on electronics production in Czechoslovakia, and produced nearly all electronic products in the country until 1989. Many subsidiaries were created from the original brand, including those at Liptovský Hrádok, Hradec Králové, Pardubice, Žďár nad Sázavou, Bratislava, and Nižná. Later, some of them were transformed into independent state-owned companies.
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