diff --git a/packages/design-system/src/Text/Text.stories.tsx b/packages/design-system/src/Text/Text.stories.tsx
index ea62c650c..fcedff7ba 100644
--- a/packages/design-system/src/Text/Text.stories.tsx
+++ b/packages/design-system/src/Text/Text.stories.tsx
@@ -1,20 +1,42 @@
 import React from "react";
-import { ComponentMeta, ComponentStory } from "@storybook/react";
+import { Meta, StoryObj } from "@storybook/react";
+import { useArgs } from "@storybook/preview-api";
 
 import { Text } from "./index";
 
 export default {
   title: "Design System/Text",
   component: Text,
-} as ComponentMeta<typeof Text>;
+} as Meta<typeof Text>;
 
-// eslint-disable-next-line react/function-component-definition
-const Template: ComponentStory<typeof Text> = (args) => {
-  return <Text {...args} />;
+type Story = StoryObj<typeof Text>;
+
+export const TextStory: Story = {
+  name: "Text",
+  args: {
+    children: "How vexingly quick daft zebras jump!",
+  },
 };
 
-export const TextStory = Template.bind({});
-TextStory.storyName = "Text";
-TextStory.args = {
-  children: "How vexingly quick daft zebras jump!",
+export const EditableTextStory: Story = {
+  name: "Editable Text",
+  args: {
+    children: "How vexingly quick daft zebras jump!",
+    isEditable: true,
+    kind: "body-m",
+  },
+  render: function Render(args) {
+    const [text, setText] = React.useState(args.children);
+
+    return (
+      <Text
+        {...args}
+        onChange={(e) => {
+          setText(e.target.value);
+        }}
+      >
+        {text}
+      </Text>
+    );
+  },
 };
diff --git a/packages/design-system/src/Text/Text.styles.tsx b/packages/design-system/src/Text/Text.styles.tsx
index 477280800..635f79df0 100644
--- a/packages/design-system/src/Text/Text.styles.tsx
+++ b/packages/design-system/src/Text/Text.styles.tsx
@@ -122,6 +122,11 @@ const Kind = {
 export const StyledText = styled.span<{
   color?: string;
   kind?: TextKind;
+  isBold?: boolean;
+  isItalic?: boolean;
+  isUnderlined?: boolean;
+  isStriked?: boolean;
+  isEditable?: boolean;
 }>`
   ${TypographyScales}
   ${Variables}
@@ -138,4 +143,68 @@ export const StyledText = styled.span<{
   /* line-height: var(--line-height); */
   letter-spacing: var(--letter-spacing);
   margin: 0;
+  position: relative;
+
+  /* Bold style */
+  &[data-bold="true"] {
+    font-weight: var(--ads-v2-font-weight-bold);
+  }
+
+  /* Italic style */
+  &[data-italic="true"] {
+    font-style: italic;
+  }
+
+  /* Underlined style */
+  &[data-underlined="true"] {
+    text-decoration: underline;
+  }
+
+  /* Striked style */
+  &[data-striked="true"] {
+    text-decoration: line-through;
+  }
+
+  /* Editable style */
+  ${({ isEditable }) =>
+    isEditable &&
+    `
+      &:after {
+        content: attr(data-value) "  ";
+        visibility: hidden;
+        font-family: inherit;
+        font-size: inherit;
+        white-space: pre-wrap;
+      }
+    `}
+`;
+
+export const StyledEditableInput = styled.input`
+  font-size: inherit;
+  font-weight: inherit;
+  font-family: inherit;
+  line-height: inherit;
+  letter-spacing: inherit;
+  color: inherit;
+  text-decoration: inherit;
+  background-color: transparent;
+  border: 1px solid transparent;
+  border-radius: var(--ads-v2-border-radius);
+  outline: none;
+  padding: 0;
+  margin: 0;
+  position: absolute;
+  left: -3px;
+  top: -3px;
+  width: 100%;
+  padding: var(--ads-v2-spaces-1);
+
+  &:hover {
+    border-color: var(--ads-v2-colors-control-field-hover-border);
+  }
+
+  &:focus,
+  &:active {
+    border-color: var(--ads-v2-colors-control-field-default-border);
+  }
 `;
diff --git a/packages/design-system/src/Text/Text.tsx b/packages/design-system/src/Text/Text.tsx
index a647a4730..8ae91a22c 100644
--- a/packages/design-system/src/Text/Text.tsx
+++ b/packages/design-system/src/Text/Text.tsx
@@ -1,23 +1,22 @@
 import React from "react";
 import clsx from "classnames";
 import { TextProps } from "./Text.types";
-import { StyledText } from "./Text.styles";
+import { StyledEditableInput, StyledText } from "./Text.styles";
 import { TextClassName } from "./Text.constants";
 
 /*
 TODO:
- - ~create regular text component (copy styles)~
- - create editable text with prop `editable`
- - create highlight text with prop `highlight`
  - add segment header style to list of styles
- - create uneditable field with prop `uneditable`
  */
 
 function Text({
   children,
   className,
   color,
+  inputProps,
+  isEditable,
   kind,
+  onChange,
   renderAs,
   ...rest
 }: TextProps) {
@@ -26,10 +25,24 @@ function Text({
       as={renderAs}
       className={clsx(TextClassName, className)}
       color={color}
+      data-bold={rest.isBold}
+      data-italic={rest.isItalic}
+      data-striked={rest.isStriked}
+      data-underlined={rest.isUnderlined}
+      data-value={isEditable && typeof children === "string" ? children : null}
+      isEditable={isEditable && typeof children === "string"}
       kind={kind}
       {...rest}
     >
-      {children}
+      {isEditable && typeof children === "string" ? (
+        <StyledEditableInput
+          onChange={onChange}
+          value={children}
+          {...inputProps}
+        />
+      ) : (
+        children
+      )}
     </StyledText>
   );
 }
diff --git a/packages/design-system/src/Text/Text.types.ts b/packages/design-system/src/Text/Text.types.ts
index 1193de022..1c16995f4 100644
--- a/packages/design-system/src/Text/Text.types.ts
+++ b/packages/design-system/src/Text/Text.types.ts
@@ -15,7 +15,7 @@ export type TextKind =
 
 // Text props
 export type TextProps = {
-  /** To change the rendering component */
+  /** to change the rendering component */
   renderAs?: "h1" | "h2" | "h3" | "h4" | "h5" | "h6" | "p" | "span" | "label";
   /** (try not to) pass addition classes here */
   className?: string;
@@ -25,6 +25,23 @@ export type TextProps = {
   kind?: TextKind;
   /** the color of the text. Accepts any valid css value. */
   color?: string;
+  /** whether the text is bold or not */
+  isBold?: boolean;
+  /** whether the text is italic or not */
+  isItalic?: boolean;
+  /** whether the text is underlined or not */
+  isUnderlined?: boolean;
+  /** whether the text is striked or not */
+  isStriked?: boolean;
+  /** whether the text is editable or not */
+  isEditable?: boolean;
+  /** onChange event for editable text */
+  onChange?: (event: React.ChangeEvent<HTMLInputElement>) => void;
+  /** input component props while isEditable is true */
+  inputProps?: Omit<
+    React.InputHTMLAttributes<HTMLInputElement>,
+    "value" | "onChange"
+  >;
 } & React.HTMLAttributes<HTMLLabelElement> &
   React.HTMLAttributes<HTMLHeadingElement> &
   React.HTMLAttributes<HTMLParagraphElement> &