Tesla Company From Scratch to $2.2 Billion of Worth
Tesla Company or Tesla Motors is a very well-known American Electric car company based in Palo Alto, California. This popular car company not only specializes in manufacturing gorgeous electric cars but also with their subsidiary company, SolarCity, manufactures solar panels. Continue Reading down below to learn more.
How did Tesla company start?
Before learning how the Tesla reached $2.2 billion worth, we shall learn who are indeed responsible for establishing this future driving car company.
Originally, Tesla Company, in 2003, was founded by two famous American entrepreneurs namely Martin Eberhard and Marc Tarpening. They named this car company after Nikola Tesla the Serbian American inventor and physicist.
The Tesla Company was originally established to develop electric sports cars. Martin Eberhard was the CEO or the chief executive officer of Tesla Motors while Marc Terpening was the CFO or the chief financial officer.
Who Owns the Tesla Company: The CEO of Tesla Company?
Imagine a $4.8 million car or $10000 Laptop. Or imagine an $1100 iPhone or a $17.8 million Rolex. That is what Elon Musk, the current CEO of Tesla Motors, might have imagined when he sat over the pile of $165 million dollars 16 years ago. He earned this huge amount of money after selling his online market service, now known as PayPal, to a very well-known company eBay.
Back in 1999, Musk founded a company called X.com which was immediately bought by Confinity a software company based in Silicon Valley. Then, they shifted the name of X.com to Paypal. Later in 2002, eBay bought the Paypal from where Musk’s 11.7% ownership of the company was translated to $165 million dollars (through some resources $180 million dollars).
He, then, went on to found SpaceX and Tesla.
Back in 2003, when Martin Eberhard and Marc Tarpening had newly established the Tesla and were looking for investors, Elon Musk invested $30 million dollars into the company. Thus, he became the chairman Tesla Company, beginning in 2004.
What is Tesla Company’s Mission?
As I mentioned earlier, Teals was initially built to make electric sports cars but over the course of time, it a little bit shifted towards a different direction. Now the mission of Tesla Company and Elon Musk is:
“to create the most compelling car company of the 21st century by driving the world’s transition to electric vehicles.”
With the goal to kill off the combustion engine, Tesla has finally been able to reach their goal of making futuristic vehicles. On this note, Elon Musk once said:
Driving a gasoline car is going to feel like yesterday; driving this car is driving the future.
How is Tesla Company doing?
Back in 2007, Eberhard resigned from the position of the CEO but joined the advisory board of the company. However, Tesla announced publically that Martin Eberhard had left the company but he still remained as the shareholder of the company.
On the other hand, Tarpenning, due to unknown reasons, also left the company in 2008. Then, Elon Musk took over as the CEO of the Tesla Company.
What is Tesla Net Worth?
Tesla went live in public in 2010 but its stock didn’t actually show up until 2013. Then, it managed to multiply several times in value. Then, in 2017, it once more fell down due to production issues. After all, through thick and thin, Tesla now worths $2.2B. And as of June 2018, its share price approached $400.
Tesla Production and Cars
With the aim to create electric cars which way more cleaner and safer, Tesla has so far produced some of the best electric cars. In addition to these cars, Tesla has been building charging stations and solar panel to provide an electric steeped life. The cars and their details are following.
After a hard night work, in 2008, Tesla released their first electric car Tesla Roadster. In the test conducted by the company, Tesla Roadster achieved 245 miles or 394 km on a single charge. Moreover, tests showed that Roadster was more comfortable than many of the cars that ran on gasoline. In less than 4 seconds, the Roadster was capable of accelerating from 0 to 60 miles per hour or 96 km per hour.
They used carbon fiber to create the light weight of the car body. And its electric motor was powered by lithium-ion cells used in laptop batteries. However, the car cost $109,000.
Tesla Model S
Then, in 2012, tesla ceased to produce the Roadster to better concentrate on their newer model. This time Tesla tried to step a little higher by manufacturing a self-driving car. The Tesla Model S came out with three battery options whose estimated ranges were 235 or 300 miles.
Additionally, unlike other electric cars and the Tesla Roadster, it carried its batteries underneath the floor of the car. This gave extra space in the front of the Model S. Moreover, the batteries underneath enhanced handling due to the slow center of gravity.
In 2012, Tesla built electric car charger stations called superchargers around the United States and Europe. These chargers are capable of charging batteries quickly. Also, they promised to keep the Superchargers free of cost for the lifetime for Tesla owners. These chargers are capable of charging batteries quickly. Now there are over 10,000 Superchargers in the entire world. And Tesla and Elon are still on the journey to building more Superstation around the world.
Tesla Model X and Tesla Model 3
In 2015, Tesla released the Model X a car with the feature of sports utility. The car had a maximum battery of 295 miles and 475 km with space for up to seven people. Due to increasing demand for inexpensive cars, Tesla brought out Model 3 with the range of 220 miles only for $35,000 in 20017.
In 2015, the Tesla Company unveiled Solar energy products. These are a line of batteries in order to store electric power from solar energy to use at homes and offices. In 2016, Tesla officially called the Solar Panel company as the SolarCity.
That is it for the success story of the Tesla Company. And their product with which it is leading the market. Let us know down below if you have any questions or doubts.