- Tesla, Inc is an American multinational and clean energy automobile company whose head office is in Austin, Texas, which designs and manufactures electric vehicles (cars and trucks), stationary energy storage devices of the Home battery on a grid scale, solar panels and solar shingles, as well as related products and services. Its Tesla Energy subsidiary develops and is a major installer of photovoltaic systems in the United States and is one of the world's largest suppliers of battery energy storage systems with 6.5 Gigawattheures (GWH) installed in 2022.
- Tesla is one of the most precious companies in the world and, from 2023, is the most precious car manufacturer in the world. In 2022, the company managed the electric battery vehicle market, with 18%.
- Tesla was formed in July 2003 by Martin Eberhard and Marc Tarpenning like Tesla Motors. The name of the company is a tribute to the inventor and electrician engineer Nikola Tesla. In February 2004, via an investment of $ 6.5 million, Elon Musk became the largest shareholder in the company. He became CEO in 2008. Tesla's announced mission is to create products that help "accelerate the global transition to sustainable energy".
- The company began the production of its first car model, the sports car roadster, in 2008. This was followed by the Model S sedan in 2012, the Model X SUV in 2015, the Model 3 sedan in 2017, the Crossover Model Y In 2020, the Semi-Camion Tesla in 2022 and the Cybertruck Light-Hurpup van in 2023. The Model 3 is the successful rechargeable electric car in the world and, in June 2021, is Having become the first electric car to sell 1 million units worldwide. Tesla deliveries in 2023 were around 1.8 million vehicles, an increase of 38% compared to the previous year and cumulative sales totaled 4 million cars in April 2023. In October 2021, Tesla's market capitalization temporarily reached 1 dollars, the sixth company to do so in the history of the United States.
- Tesla has been the subject of Lawsuits, Government Votes, and Journaltic Criticism, Stemming from Allegations of Whistleblower Retaliation, Worker Rights Violations, Product Defects, and Musk's Many Controversial Statements.
- History
- Main article: History of Tesla, Inc.
- Tesla Motors Insignia as seen we have tesla roadster, c. 2010
- Founding (2003–2004)
- The Company was incorporated as Tesla Motors, Inc. on July 1, 2003, by Martin Eberhard and Marc Tarpenning. Eberhard and Tarpenning Served as Ceo and CFO, respectively. Eberhard Said That He Wanted To Build "A Car Manufacturer that is also a technology company", with its core technologies as "the battery, the Computer Software, and the Proprietary Motor".
- Ian Wright Was Tesla's Third Employee, Joining A Few Months Later. In February 2004, The Company Raised US $ 7.5 million (Equivalent to $ 12 million in 2022) in Series a Funding, Including $ 6.5 million (Equivalent to $ 10 million in 2022) from Elon Musk, Whho Had Received $ 100 million from the Sale of His Interest in Paypal Two Years Earlier. Musk Became the Chairman of the Board of Directors and the Large Shareholder of Tesla.j. B. Straubel Joined Tesla in May 2004 AS Chief Technical Officer.
- A Lawsuit Settlement Agreed to by Eberhard and Tesla in September 2009 Allows All Five-Eberhard, Tarpenning, Wright, Musk, and Straubel-To Call Themselves Co-Founders.
- Roadster (2005–2009)
- Main article: Tesla Roadster (First Generation)
- Elon Musk Took An Active Role Within The Company and Oversaw Roadster Product Design at a detailed level, but not deeply involved in day-to-day business operations. The Company's Strategy was to start with a Premium Sports Car Aimed at Early Adopters and then Move Into More Mainstream Vehicles, included Sedans and Affordable Compacts.
- In February 2006, Musk LED Tesla's Series B Venture Capital Funding Round of $ 13 million, Which Added Valor Equity Partners to the Funding Team. Musk Co-Led the Third, $ 40 million round in May 2006 Which Saw Investment from Prominent Entrepreneurs Including Google Co-Founders Sergey Brin and Larry Page, and Form Ebay President Jeff Skoll. In Fourth Round Worth $ 45 million in May 2007 B3wer the Total Private Financing Investment to Over $ 105 million.
- Tesla's First Car, The Roadster, was Officially Revealed to the Public On July 19, 2006, in Santa Monica, California, at 350-Person Invitation-Only Event Held in Barker Hangar at Santa Monica Airport.
- In August 2007, Eberhard Was Asked by the Board, Led by Elon Musk, To Step Down as Ceo. Eberhard then Took the Title of "President of Technology" Before Ultimately Leaving the Company in January 2008. Co-Founder Marc Tarpenning, Who Served as the Vice President of Electrical Engineering of the Company, ALSO LEFT THE COMPANY IN JANUARY 2008.in August 2007 , Michael MARKS WAS BRAGHT in As Interim CEO, and in December 2007, Ze'ev Dori Became CEO and President. Musk Succeeded Drori as Ceo in October 2008. In June 2009, Eberhard Filed A Lawsuit Against Musk for Allegedly Forcing Him Out.
- Tesla Began Production of the Roadster in 2008 Inside the Service Bays of A Form Chevrolet Dealership in Menlo Park.by January 2009, Tesla Had Raised $ 187 million and Delivered 147 Cars. Musk had contributed $ 70 million of his own money to the company.
- In June 2009, Tesla was approved to receive $ 465 million in interest-bearing loans from the United States Department of Energy. The Funding, Part of the $ 8 Billion Advanced Technology Vehicles Manufacturing Loan Program, supported the Engineering and Production of the Model S Sedan, as well as the Development of Commercial PowerTrain Technology. Tesla repaid the loan in May 2013, with $ 12 million in interest.
- IPO, Model S, and Model X (2010–2015)
- First Deliverries of Model S at the Tesla Fremont Factory in California, in June 2012
- In May 2010, Tesla Purchased What Would Later Become the Tesla Factory in Fremont, California, from Toyota for $ 42 million, and Opened the Facility In Octuber 2010 to Start Production of the Model S. On June 29, 2010, The Company Went Went Via Public Via Public An initial public offering (iPo) on the nasdaq, the first american car company to do soce the Ford Motor Company Had its in 1956. The Company Issued 13.3 Million Shares of Common Stock at a price of $ 17 per share, Raising $ 226 million .
- In January 2012, Tesla Ceased Production of the Roadster, and in June the Company Launched its Second Car, The Model S Luxury Sedan. [38] The Model S Won Several Automotive Awards During 2012 and 2013, Including the 2013 Motor Trend Car of the Year, [39] and Became the First Electric Car to Top the Monthly Sale Ranking of A Country, when it Achieved first place in the Norwegian New Because Sales List in September 2013. The Model S was also the bestselling plug-in Electric car Worldwide for the Years 2015 and 2016.
- Tesla Announced the Tesla Autopilot, A Driver-Assistance System, in 2014. In September that Year, All Tesla Cars Started Shipping With Sensors and Software to Support the Feature, with What Would Later Be Called "Hardware 1".
- Tesla Entered the Energy Storage Market, Unveiling Its Tesla Powerwall (Home) and Tesla PowerPack (Business) Battery Packs in April 2015. The Company Received Orders Valued at $ 800 million Within a Week of the Unveiling.
- Tesla Began Shipping Its Third Vehicle, The Luxury SUV Tesla Model X, in September 2015, Which Had 25,000 Pre-Orders at the time.
- Solarcity and Model 3 (2016–2018)
- Tesla Entered the Solar Installation Business in November 2016 With the Purchase of Solarcity, in An All-Stock $ 2.6 Billion Deal.The Business was merged with tesla's Existing Battery Energy Storage Products Division to Form the Tesla Energy Subsidiary.the Deal Was Controversial Because Time of the Acquisition, Solarcity was facing liquidity from which tesla's shareholders we not informed. In February 2017, Tesla Motors changed its name to tesla, Inc. to better reflect the scope of its expanded business.
- Tesla unveiled its first mass market vehicle in April 2016, The Model 3 Sedan. Compared to Tesla's Previous Luxury Vehicles, the Model 3 was Less Expensive and Within A Week The Company Received Over 325,000 PAID Reservations. In An Effort to Speed Up Production and Control Costs, Tesla Invested Heavily in Robotics and Automation To Assemble the Model 3. Instatead, The Robotics Actually Slowed the Production of the Vehicle, Leading To Significant Delays and Production Problems, A Period Which the Company Would Later Come to Describe as "Production Hell." By the End of 2018, The Production Had Been Overcoma, and the Model 3 Would Become the World's Bestselling Electric Car from 2018 to 2021.
- This period of production hell put significant financial pressure on tesla, and during this time it Became One of the Most Shortes Companies in the market. We August 8, 2018, Amid the Financial Issues, Musk posted on Social Media that he was considering tesla private. The Plan Did not Materialize and Gave Rise to Much Controversy and Many Lawsuits Including A Securities Fraud Charge from the sec, which would force musk to step down as the company's chairman, Although he was allowed to remain.
- Global Expansion and Model Y (2019– Presh)
- From July 2019 to June 2020, Tesla Reported Four Contentable Enough Quarters for the First Time, Which Made It Eligible for inclusion in the S & P 500. Tesla was added to the index on December 21, 2020. [60] It was the Most Valuable Company Ever Added, Already the Sixth-Langest Member. During 2020, The Share Price Increased 740%, and on January 26, 2021, Its Market Capitalization Reached $ 848 Billion, More Than the Next Nine Automakers Combined and Becoming The Us' 5th Most Valuable Company. In July 2020, Tesla Reached a Valuation of $ 206 Billion, Surpassing Toyota to Become the World's Most Valuable Automaker.on August 31, 2020, Tesla Completed A 5-For-1 Stock Split.
- Tesla introduced its second mass-market vehicle in March 2019, The Model Y Mid-Size Crossover SUV, Based on the Model 3. Deliveries Started in March 2020.
- During this Period, Tesla Invested Heavoy in Expanding ITS Production Capacity, Opening Three New Gigafactories in Quick Succession. Construction of Gigafactory Shanghai Started in January 2019, As the First Automobile Factory in China Fully Owned by a Foreign Company (Not a Joint Venture) .The First Production Vehicle, A Model 3, Rolled Out of the Factory in December, Less Than One Year After Groundbreaking.gigaFactory Berlin-Brandenburg Broke Ground in February 2020, and Production of the Model Y Began in March 2022.Gigafactory Texas Broke Ground in June 2020, and Production of the Model Y Began in April 2022. Tesla has also announced for a Gigafactory Mexico City to Open in 2025.
- During the Beginning of the Covid-19 Pandemic, Government Officials in China Closed Gigafactory Shanghai and Lawmakers in California Shut Down Production at the Tesla Fremont Factory. While China Allowed Tesla to Resume Production In Few Weeks Later, California Did not. Tesla Would Ultimately Defy State Orders, and Restart Production On May 11, 2020.
- After the Dispute with California Officials, on December 1, 2021, Tesla Moved its Legal Headquarters to Gigafactory Texas. However, Tesla continued to use it to train headquarters building in Palo Alto, and over the next Two Years significantly expanded its footprint in california. The Company Opened its Megafactory to Build Megapack Batteries in Lathrop, California in 2022, and Announced in February 2023 that it would establish a Large Global Engineering Headquarters in Palo Alto, Moving Into A Corporate Campus Owned by Hewlet Packard.
- Tesla Became a Major Investor in Bitcoin, Acquiring $ 1.5 Billion of the cryptocurrency, and on March 24, 2021, the Company Started Accepting Bitcoin As A Form of Payment for Us Vehicle Purchases. However, After 49 Days, the Company Ended Bitcoin Payments over concerns that the production of Bitcoin was contributing to the consumption of fossil fuelles, against the company's mission of encouraging the transition to sustainable energy. After the Announcement, The Price of Bitcoin Dropped Around 12%. In July 2022 it was reported that tesla had rested 75% of its bitcoin holdings at a loss, citing that the cryptocurrency was high the company's profitability.
