Tesla Inc. is into designing, developing, manufacturing and sales of fully electric vehicles (EVs). In addition, the company generates energy and manufactures energy storage systems. Tesla Inc. also provides after-sales services such as installation and maintenance of energy systems. Tesla Inc. is the world’s first vertically integrated company for the sustainable energy sector, offering end-to-end clean energy products, including generation, storage, and consumption. Tesla Inc. produces and sells three fully electric vehicles: Model S sedan, Model X- sport utility vehicle (SUV), and Model 3 sedan.
- 2003: Tesla Inc. was incorporated as Tesla Motors. Martin Eberhardand Marc Tarpenning were the founding members who financed the company until the Series A round of funding.
- 2004: Elon Musk joined Tesla’s board of directors as its chairman after leading Series A round of investment.
- 2005: Tesla Motors signed a production contract with Group Lotusto produce ‘gliders’ (complete cars minus powertrain).
- 2006: Tesla Inc. awarded Global Green award for Tesla Roadster design
- 2007: Tesla Inc. awarded Index Design award Tesla Roadster
- 2009: Tesla Inc. raised US$ 187 Million with US$ 70 Million funded by Elon Musk
- 2009: Germany based Daimler AG, maker of Mercedes-Benz, acquired an equity stake of less than 10% of Tesla for a reported US$ 50 Million.
- 2009: Tesla Inc. was approved to receive US$ 465 Million in interest-bearing loans from the United States Department of Energy.
- 2010: Tesla Inc. announced a strategic partnership with Toyota.
- 2010: Tesla Inc. and Toyota confirmed that their first platform collaboration would be to build an electric version of the RAV4 EV.
- 2012: Tesla Inc. begins delivery for Model S
- 2015: Tesla Inc. begins delivery for Model X
- 2015: Tesla Inc. announces third quarter production statement showing a record output of 13,091 vehicles
- 2016:Tesla Inc. acquires SolarCity for US$ 2.6 Billion in stock. SolarCity was then the largest installer of rooftop solar systems in the US.
- 2017: Tesla Inc. unveilsModel 3 of electric car
- 2017: Tesla motors changes its name to Tesla Inc.
- 2019: Tesla global vehicle sales increased 50% from 245,240 units in 2018 to 367,849 units in 2019.
- 2019: DeepScale was acquired by Tesla.
- 2019: Tesla acquired “Hibar Systems,” a small Canadian engineering company specializing in battery manufacturing equipment.
- 2019: Tesla completes acquisition of Maxwell Technologie0073.
PRODUCTS AND SERVICES
Model S is a fully electric, five-adult passenger, four-door, sedan that offers an impressive range and high performance. It consists of an all-wheel-drive dual motor system. Currently, Model S 100D is regarded as the longest range all-electric production sedan in the world. Furthermore, its performance version with a high-speed upgrade is the fastest accelerating production electric vehicle available in the market.
Model X by Tesla Inc. is the longest range all-electric in production sport utility vehicle in the world and offers high-performance features such as fully electric powered, all-wheel drive dual motor system along with an autopilot system. Model X can seat up to seven adults. A unique falcon wing door system offers easy access to the second and third-row seating passengers, thus adding to comfort.
Model 3 is a third-generation electric vehicle by Tesla Inc. It is offered in a number of variants such as performance, single motor, dual motor, medium-range, and long range features. Delivery of this model is expected to start shortly. Tesla Inc. is also looking at ways to reduce manufacturing cost for Model 3.
Using the energy management technologies and manufacturing processes developed for its electric vehicle powertrain systems, Tesla Inc. has developed energy storage products for use in homes, commercial facilities and on the utility grid. Tesla’s energy storage systems are used for numerous applications, including backup power, grid independence, peak demand reduction, demand response, reducing the intermittency of renewable generation, reducing pollution and emissions generated by using fossil fuel, and wholesale electric market services.
Solar Energy Systems
The major components of Tesla’s solar energy systems include solar panels that convert sunlight into electrical current, inverters that convert the electrical output from the panels to a usable current compatible with the electric grid, racking that attaches the solar panels to the roof or ground, electrical hardware that connects the solar energy system to the electric grid, and a monitoring device.
- To create electric vehicles that are better, quicker, and more fun to drive than gasoline cars by integrating innovative green technologies.
- To bring additional all-electric vehicles to the market in the future, including Model Y, the Tesla Semi truck, a pickup truck and a new version of the Tesla Roadster in order to diversify end-users.
- Tesla Inc. intends to sell its vehicles through its own sales and service network which is growing rapidly. This is expected to provide certain benefits such as improve the overall customer experience, speed of product development and capital efficiency for its business.
- Tesla Inc. plans to leverage its technological expertise in batteries, power electronics, and integrated systems to manufacture and sell energy better electricity storage products.
- Tesla Inc. intends to sell and lease its solar energy systems to residential and commercial customers. With R&D, it expects to sell electricity at prices that are typically below rates offered utility services.
- Plans/Strategy; In January, the company announced its plan to launch local vehicle design operation in China.
- Corporate Changes/Expansions; In February, Tesla announced set up an electric-car manufacturing unit in Karnataka, India.
- Corporate Changes/Expansions; In February, Tesla opened its first office in Bucharest, Romania, Europe.
- Financing Agreements; In February, Tesla invested US$1.5 billion in Bitcoin.
- Plans/Strategy; In April, Tesla announced its plans to establish its India headquarters in Mumbai, Maharashtra.
- Corporate Changes/Expansions; In May, Tesla entered into a partnership with Fastned to build fast-charging hub in the UK.
- In 2020, Tesla Inc. introduced the lowest cost ever of solar in the US.
- Tesla cars accounted for 81% of the battery electric vehicles sold in the United States in the first half of 2020
- In 2020, Tesla launches fast electric car charging in Berlin, says more cities to come
- In September, Tesla entered into a partnership with Huami to launch a new smartwatch in China.
- 2020-In September, Tesla entered into an agreement with Piedmont Lithium Ltd for the supply of spodumene concentrate.
- In October, Tesla announced its plans to acquire a stake in LG Chem’s battery division.
- In November, Tesla sold its sales and service center in Westmont, Illinois, the US to First National Realty Partners, LLC.
- In November, Tesla launched its own brand of tequila, a drink produced from agave.
- In November, Tesla announced its plans to build EV charging network in Singapore.
- In November, Tesla opened its single-point electric vehicle super-charging station between the Bay Area and Los Angeles areas in the US.
- In November, Tesla signed a contract with LG Chem to supply battery cells for the electric SUV built in China.
- In November, Tesla announced to invest US$6.42 million to set up a plant for the production, research and development of charging poles in Shanghai.
- In November, Tesla announced its plans to manufacturing electric vehicle chargers in China in 2021.
- In July 2019, Tesla Inc. earns an overall 5-star rating from National Highway Traffic Safety Administration (NHTSA) for its electric car Model 3.
- In April 2019, Tesla Inc. launched improved versions of Model S and Model X, which currently come with an all-new drivetrain design that substantially increases each vehicle’s range, achieving a high of 370 miles and 325 miles on the EPA cycle for Model S and Model X Long Range respectively, while using the same 100 kWh battery.
- In April 2019, Tesla Inc. took few important business decisions such as reduced prices for autopilot integrated Model 3 from US$ 40,500 to US$ 39,500, leasing option for US customers and introduction of two new Model 3 variants with more competitive pricing – Standard and Standard Plus.
- In October 2018, Tesla Inc. released its Q3 Vehicle Safety Report giving data of accidents involving its electric cars and safety improvisation planned for the future.
- In 2019, Globally, Tesla’s vehicle deliveries reached between 367,000 and 368,000 units in 2019, making Tesla the leading producer of electric vehicles.
- In 2018, Tesla Inc. had a revenue of US$ 21 Million and gross revenue of US$ 4.04 Million.
- In 2018, segment-wise the automotive revenue was US$ 17 Million, while the energy segment generated US$ 1.5 Million.
- Tesla Inc. manufactures its vehicle products at its production facilities in Fremont, Lathrop, California, Tilburg, the Netherlands, and at Gigafactory 1 near Reno, Nevada, US.
- Tesla Inc. manufactures its energy storage products at Gigafactory 1 and Tesla solar products at US facilities, including in Buffalo, New York (Gigafactory 2), US
- The Tesla name came to Martin Eberhard when he was on a date with his wife at Disneyland.
- Tesla Inc. has built the largest touch screen and interface panel inside a vehicle, measuring 17 inches. The dashboard speedometer is also a digital screen.
- The parts of a Tesla vehicle that require to be replaced regularly are the four wheels, and the two wiper blades.
- Tesla Motors stock (TSLA) is the most shorted stock on NASDAQ. Some investors believe that it’s the hype, while others believe it will be the new revolution.
- The Tesla Model S remembers where you have driven before and can adjust the suspension based on that data.
- Currently, Tesla has around 212 showrooms in the world, which is far below the 4,000 Ford dealerships.
- The Gigafactory is capable of producing 500,000 electric cars in one year.
- Their Gigafactory will be the second-largest building in the world, and will employ 6,500 people, and recycle entire trains to make lithium-ion batteries.
- Tesla motors wasn’t the first tesla to share patents.
- Tesla is already worth more than Fiat and three different Japanese car companies