INTRODUCTION:
· Tesla is gigantic and adored; Morgan Stanley calls it ‘The world’s most important car company’.
· In 2014, American nationwide survey found that Tesla’s model S was the most loved vehicle in America.
· Tesla is the first successful American automobile start up in more than 90 years.
· Many of the first cars in the late 1800’s were electric vehicles. The first car to reach speeds over 100 km/h was electric (1899).
· The first electric cars were carriages with electric motors because electricity had started to come in in the late 1890’s.
· It was discovered that incredible amount of money could be made by selling petrol and electric cars faded.
· General Motors (GM) built at least about a thousand of EV1’s after a California law mandated sales of zero emission vehicles.
· By 2003 California backed out the law, GM reposed the EV1 and destroyed them amid the protest.
INCEPTION:
· In July, 2003 a world changing event happened. Tesla Motors was founded by Martin Eberhard and Marc Tarpenning, the very next year Elon Musk invested heavily and joined Tesla’s board of directors as its chairman.
· From the beginning Musk consistently had a vision, he wanted Tesla to be something special, and its long term goal was to create affordable mass market EV for everyone.
· Tesla’s first car was the ‘Tesla Roadster’; Elon designed it so good he received ‘The global green, 2006 product design award’ for his work on the Roadster.
· The Roadster was the first production electric vehicle with a range of 200 miles (320 km) on a single charge.
· In 2007, Tesla received investments from prominent entrepreneurs’ including Google’s co founder Larry Page and Sergey Brin.
· In 2008, the world’s first ever global financial crises forced Tesla to cut their work force by 10%.
· In the late 2008, Elon became the CEO and contributes 70 million dollars of his own money into the company.
· In 2009, Tesla received a loan from the US government, which supported the engineering and production of the Model S.
· On March 26th, 2009 Tesla unveiled the Model S and by August 2009, the company had become profitable.
· In 2010, Tesla went public; it was the first American car maker to go public, since the Ford motor company in 1956.
· By 2013, Tesla had fully repaid the loan to the US government, while Ford and Nissan who had received a similar loan hadn’t.
FACTS:
· There is no noise or vibration, it is cleaner, instant torque and acceleration which means it is extremely fast, it handles much better than your average or some sports cars due to its extremely low center of gravity( Unique battery weight distribution) and it is very safe.
· Tesla’s model S and the model X received a 5 start rating in every possible category, which is only achieved by 1% of the cars.
· In the US you can travel anywhere for free, by charging at the Tesla supercharger station for free, not just temporarily but forever.
· The Tesla Roadster (2020) can do a 0–100km in 1.9 seconds!
· Musk almost sold Tesla to Google for 11 billion dollars, in March 2013, Musk was having a terrible time, Tesla was almost bankrupt and Space X wasn’t working out, fortunately later that year things worked out and the rest was history.
· Tesla wants to power your home, Musk introduced ‘Tesla Energy’, it plans to reduce the energy costs of the average house hold by running houses of specially designed battery product called the power wall.
· Tesla’s motor is based on an AC motor, a core technology which was patented by Nikola Tesla in 1888.
· Tesla cars are sold in shopping malls and not in dealerships.
How big is Tesla?
Ans: Tesla’s market worth more than 630 billion dollars, which is a total worth of the top 6 automakers combined (Toyota, VW, Daimler, GM, BYD and NIO)! Tesla is now the world’s most valuable car company. Tesla delivered 499,550 vehicles in 2020, slightly missing its most recent guidance of 500,000 vehicles.
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