Tesla Motors Inc. ( Tesla ) - 2126 Words

Introduction Tesla Motors Inc. (Tesla) was founded in 2003 by a group of engineers in Silicon Valley. Tesla has been in the business of designing and manufacturing fully electric vehicles (EVs). The company’s name came from Nikola Tesla, who influenced the design of the powertrain for their first vehicle. Tesla’s CEO is Elon Musk, he had a few goals for his company. First, was to build a sportscar. The next goal was to use that money to design and sell a more affordable car. And then use that money to design an even more affordable mass-market car. Finally in 2008, Tesla released their first electric vehicle, the convertible sportscar called the Roadster, which is now no longer available to buy. In order to raise funds for more research and development, Tesla had their initial public offering of shares in 2010 at $19 per share, under the ticker symbol TSLA. Today, Tesla stock goes for approximately $232(Market Watch, 2016). In 2012, Tesla released the Model S, which was the worldâ €™s first premium electric sedan. To date, Tesla has sold and delivered approximately 50,580 vehicles, most of which are the Model S. In 2016, Tesla has announced that they will release a new vehicle, called the Model X, which will be an electric crossover utility vehicle. In addition to vehicle sales, Tesla also develops batteries for their cars, and is in the process of building a gigafactory which is expected to produce more lithium ion batteries than all of the other manufacturers of theseShow MoreRelatedTesla Motors, Inc. Essay1578 Words   |  7 PagesTesla Motors, Inc. was founded in 2003 and joined the automobile industry out of Silicon Valley. The company is located in 30 different countries with 18 stores worldwide (Mangram, 2012, p. 296). Tesla Motors entered the automobile industry from a different approach in manufacturing automobiles. The company began designing, manufacturing, and marketing battery electric vehicles (BEVs) making Tesla the only manufacturer to sell a zero-emission sports car, the Tesla Roadster (Mangram, 2012, p. 296)Read MoreTesla Motors, Inc.1520 Words   |  7 PagesTesla Motors, Inc. is the world leading electric automotive and energy storage company with several models of cars: The roadster, Model S, and the newly introduced Model X. The company was founded by Elon Musk. The company strives to provide clean energy driving and has set sights on providing the affordable electric car driving experience. It has undergone several rounds of funding with the Elon Musk funding the first round himself, The company was listed on the NASDAQ and is now a publicly tradedRead MoreTesla Motors, Inc.3473 Words   |  14 PagesTesla Motors is an innovative corporation that is empowered to create new technologies by focusing on its impressive mission â€Å"to accelerate the world’s transition to sustainable energy (About Tesla, 2017).† The company has been pushing the industry’s boundaries to keep the world m oving forward in an environmentally safe and energy sustainable fashion which is extremely important for our planet’s future. â€Å"Tesla Motors, Inc. engages in the designing, development, manufacturing and selling of electricRead MoreTesla Motors, Inc.1487 Words   |  6 PagesTesla Motors, Inc. was established in 2003 by the engineers with important mission: to change status quo and prove that electric car could change the automotive industry and the way how people travel every day, while providing luxury, eco-friendly and sustainable solution to decrease the impact of transportation on the environment. Tesla Roadster, the very first product of the company, released in 2008 was designed as electric, zero emission but luxury sports car that with great performance of 0-100Read MoreTesla Motors, Inc. Essay1673 Words   |  7 Pages Tesla Motors, Inc. was founded In 2003 by Elon Musk, Martin Eberhard, Marc Tarpenning, JB Straubel and Ian Wright. The name Tesla came from th e engineer and physicist Nikola Tesla. Tesla designs, develops, manufactures, sells advanced electric vehicles and electric car components In the United States and internationally. It also develops electric components and electrical systems for other automotive companies.Tesla started to get the attention of the world when they produced the first electricRead MoreTesla Motors, Inc.1488 Words   |  6 PagesTesla is an American automotive and energy Storage Company that not only manufactures and design EV’S but also manufactures electric powertrain components and battery products. The company believes that after a century of invention of internal combustion engine, automobile manufacturers face a wide challenge in the industry. The gasoline fuelled car has created environmental issues and forces the nation to import more oil from foreign nation’s thus selling fuel at volatile prices to the consumersRead MoreTesla Motors, Inc.1172 Words   |  5 PagesTesla Motors, Inc. is an American automotive and energy storage giant firm that designs and manufactures electronically powered cars, their components and battery products. Tesla Motors is a public company that trades on the NASDAQ stock exchange under the symbol TSLA. Tesla reported profit in first quarter of 2013, which was first time ever in their history. Since its foundation in 2003, Tesla Motors has recorded most noticeable breakthroughs in the market of electric vehicles by their own developedRead MoreTesla Motors, Inc.3024 Words   |  13 Pages1. INTRODUCTION TO TESLA Tesla Motors, Inc. is a US based company that designs, develops, manufactures and sells electric vehicles, electric vehicle powertrain components, and energy storage systems. The company was incorporated in July 2003 by Marc Tarpenning and Martin Eberhard. The company launched its IPO during 2010. Currently the company is listed at NASDAQ. Tesla Motors has wholly owned subsidiaries in North America, Europe and Asia. These subsidiaries market, manufacture, sell and/or serviceRead MoreTesla Motor, Inc. Essay3633 Words   |  15 PagesI. Company Overview Tesla Motor, Inc. is an American automaker focused on selling electrically powered vehicles without compromising quality of transportation. The company began selling cars in 2008 with the Roadster and became publicly traded in 2010. Today, there are many players within the automobile industry. The company was, â€Å"founded in 2003 by a group of engineers in Silicon Valley who wanted to prove that electric cars could be better than gasoline-powered cars. With instant torque, incredibleRead MoreThe Making Of Tesla Motor Inc. Essay1205 Words   |  5 Pagestime-consuming investment to extent that it is not present in the systems architecting process. It is important that all the necessary factors are appropriately accounted for and avoid the pitfalls in the system. 2.1 Application in the making of Tesla Motor Inc. Tesla Motors development program was initiated with a prototype development of an electric car by Martin Eberhart in 2002 known as the T-Zero. While making a prototype of this model, the objective was to beat the traditional internal combustion engines