Tesla Motors

Image result for tesla motors
Image result for tesla motorsImage result for tesla motors



Tesla, Inc. (formerly Tesla Motors, Inc.), is an American electric vehicle and clean energy company based in Palo Alto, California. The company specializes in electric vehicle manufacturing, battery energy storage from home to grid scale and, through its acquisition of SolarCity, solar panel and solar roof tile manufacturing.

Tesla operates multiple production and assembly plants, such as: its main vehicle manufacturing facility at Tesla Factory[10] in Fremont, California; Giga Nevada[11] near Reno, Nevada; Giga New York in Buffalo, New York; and Giga Shanghai in Shanghai, China.

As of 2020, Tesla sells Model S, Model 3, Model X, and Model Y cars. Tesla also sells Powerwall, Powerpack, and Megapack batteries, solar panels, solar roof tiles, and some related products.

Tesla Motors was founded in July 2003 by engineers Martin Eberhard and Marc Tarpenning. The company's name is a tribute to inventor and electrical engineer Nikola Tesla. Elon Musk was responsible for 98% of the initial funding and served as chairman of the board. He appointed Martin Eberhard to be the first CEO. In its 2004 Series A funding, Tesla Motors was joined by Elon Musk, J. B. Straubel, and Ian Wright, all of whom are retroactively allowed to call themselves co-founders of the company. Musk, who formerly served as chairman and is the current CEO, said that he envisioned Tesla Motors as a technology company and independent automaker, aimed at eventually offering electric cars at prices affordable to the average consumer. In February 2017, Tesla Motors shortened its name to Tesla.

After 11 years in the market, Tesla ranked as the world's best-selling plug-in as well as best-selling battery electric passenger car manufacturer by cars sold in 2019, both as a brand and by automotive group, with a market share of 17% of the plug-in segment and 23% of the battery-electric segment. Tesla's global vehicle sales increased by 50% from 245,240 units in 2018[26] to 367,849 units in 2019.

Tesla has never had a profitable year; however, it has had several individually profitable quarters, most recently the quarters ending September 2018, December 2018, September 2019, and December 2019.

On February 20, 2020, Tesla reached a market capitalization of US$166 billion.



Image result for tesla motorsImage result for tesla motors

Comments

Post a Comment

Popular posts from this blog

StarLink: In Depth | SpaceX Project

Image
    Image Credits :  @bygraphx   (See Full Tweet Click Here) Starlink is a satellite constellation being constructed by American company SpaceX to provide satellite Internet access. The constellation will consist of thousands of mass-produced small satellites, working in combination with ground transceivers. SpaceX also plans to sell some of the satellites for military, scientific, or exploratory purposes. Concerns have been raised about the long-term danger of space junk resulting from placing thousands of satellites in orbits above 1,000 kilometers (620 mi)  and a possible impact on astronomy, although SpaceX is reportedly attempting to solve the latter issue. The total cost of the decade-long project to design, build, and deploy the constellation was estimated by SpaceX in May 2018 to be about US$10 billion. Product development began in 2015, with the first two prototype test-flight satellites launched in February 2018. A second set of test satellites and th
Read more

Elon Musk Tells Staff: Stay Home if You Want, but I Won’t

Image
Billionaire Elon Musk has told his employees at Tesla that they can stay at home if they’re worried about the novel coronavirus outbreak, but that he intends to keep going to work. According to the Los Angeles Times, Tesla’s Fremont, California, electric vehicle assembly plant, which employs about 10,000 people, will remain open despite a lockdown issued by six Bay Area counties. That’s because it’s been deemed to be an “essential business” by officials, although it’s unclear why a vehicle manufacturer has been given that status. Musk told employees in a Monday night email: “If you feel the slightest bit ill or even uncomfortable, please do not feel obligated to come to work.” However, he added: “My frank opinion is that the harm from the coronavirus panic far exceeds that of the virus itself.” He said COVID-19 cases “will not exceed 0.1 percent of the population,” and told staff: “I will personally be at work, but that’s just me.” One unnamed employee told the Times: “I’m going in
Read more

New Model Y Gets High Marks From a Critic Musk Respects | Tesla News

Image
Tesla Inc. ’s new Model Y has what people have come to expect from Elon Musk’s cars: It’s lightning quick, handles nicely and has better electronic gadgetry than its competitors. Unlike past Tesla offerings, early versions are rolling off the assembly line looking more like you’d expect from a company with a handle on the finer points of car building, according to Sandy Munro. The manufacturing consultant who’s been tearing cars apart piece-by-piece for three decades offered his initial impressions before digging into the Model Y that his shop took delivery of this week. “I don’t have much negative to say,” Munro said in an interview. “It’s much better than the  Model 3  when we got it. We found problems, but the average car buyer won’t even see these things.” Munro and his eponymous firm have been well known for years among Detroit’s automotive engineers for their in-depth analysis of hundreds of cars from virtually every manufacturer. He gained wider notoriety by
Read more