History

Tesla Inc (Tesla) is an automotive and energy company. It designs, develops, manufactures, sells, and leases electric vehicles, energy generation, and storage systems. The company produces and sells the Model Y, Model 3, Model X, Model S, Cybertruck, Tesla Semi, and Tesla Roadster vehicles. Tesla also installs and maintains energy systems, sells solar electricity; and offers end-to-end clean energy products, including generation, storage, and consumption. It markets and sells vehicles to consumers through company-owned stores and galleries. The company has manufacturing facilities in the US, Germany, and China and has operations across the Asia Pacific and Europe. Tesla is headquartered in Austin, Texas, the US.

The U.S. car market is saturated with established automakers like Ford (F), Honda (HMC), and Chevrolet (GM). But one company stands out from the mix: electric car maker Tesla Motors (TSLA). Tesla and its CEO Elon Musk gained notoriety in 2012 when it released its flagship car, the Model S.1

Tesla’s release positioned it as one of the few successful independent automakers and a pioneer in the electric car market. Notably, it also proved to be a hit with auto buyers. The Model S, a sleek luxury sedan that starts at $89,490, is ranked best in class in every category for electric sedans.23 When the Model S premiered in 2013, Tesla made headlines when trade press gave it laurels. The electric plug-in car received a near-perfect score of 99 out of 100 from Consumer Reports, which also named it as “the best car ever tested.”

By September 2014, the car hit all-time sales records in the U.S. with 2,500 sold in just one month, and in Q1 2015, sales reached a new high at 10,030 sold.56 It is now considered a staple within the electric car stratosphere. As of March 4, 2022, the company’s market capitalization was $909.6 billion.

Founder

Contrary to popular belief, Tesla was not an overnight success. The company was founded in 2003 by two Silicon Vaeers Martin Eberhard and Marc Tarpenning, who wanted to prove that “electric vehicles can be better, quicker and more fun to drive than gasoline cars.

The seeds of the company go back to 1990 when Tarpenning met Eberhard, then an engineer at Wyse Technology, and they became good friends. The two had much in common including a passion for starting companies, and they soon launched companies including NuvoMedia, which released the Rocket eBook in 1998.

Elon Musk has become the face of Tesla and is often mistaken as the company’s founder. Musk is a South African-born, Canadian-American who was trained as an engineer. He earned a dual bachelor of science degree in Physics and Economics from the University of Pennsylvania.

Tesla (TSLA) was founded in 2003 and named after the 19^th-century inventor Nikola Tesla, famous for discovering the properties of rotating electromagnetic fields. Although Elon Musk is now inextricably linked with Tesla, he only joined the company a year after its inception. He invested $30 million into Tesla, became the chairman of its Board of Directors, and helped raise money from Google’s founders several years later.

That said, he is an entrepreneur and inventor at heart. In 1995, Musk enrolled in Stanford’s Applied Physics Ph.D. program but dropped out to focus on his business efforts in the renewable energy and outer space arena.

Soon after, he launched several small successful companies, including the online publishing company Zip2. From that sale, Musk started X.com, an online bank that was acquired by Confinity.

 Productions of Tesla

The prototype for the Tesla Roadster, the company’s first electric car, was unveiled in 2006 and entered production in 2008.  Through June 2009, 500 Roadsters were sold for $98,000 apiece.

In 2017, Tesla tapped into the mainstream market by launching its Model 3 vehicle, which became the world’s most popular plug-in electric car in 2020, with worldwide unit sales of roughly 501,000 in 2021. Between January and March 2022, Tesla broke its own delivery record, when its car deliveries crossed the310,000-unit threshold.

Tesla Top Picks Statistics Since Inception:

• Tesla has sold 1,917,450 units since its beginning.
• It has made 1,091,000 EVs since 2009.
• The Model 3 was the first electric car to have more than 1 million sales.
• It’s Model Y sold 80,000 vehicles in 2020.
• In 2013, Tesla’s Model S was the first EV to receive the Car of the Year Award from Motor Trend.
• The Model X was named the safest SUV in the EV market in 2015.

The company’s annual production rates have steadily been increasing. In 2014, the company made only 35,000vehicles. In the first half of 2021, the company produced 386,759 cars, with 184,877 vehicles delivered in Q1 and 201,304 in Q2. Overall, in 2021, Tesla produced 930,422 EVs and delivered936,222, thereby setting a new record. Compared to 2020, these numbers suggest a year-over-year growth of 82.5%.

There were 906,032 Model 3/Y vehicles produced, which constituted a growth of 99%, compared to 2020. In the same year, Tesla produced 24,390 Model S/X cars, 56% less year-over-year. The deliveries of the latter model were also 56% down by comparison to 2020, standing at24,980 vehicles. Deliveries of the Tesla Model 3/Y amounted to 911,242, which was 106% higher than in 2020.

 Vehicles produced by Tesla

The company began production of its first car model, the Roadster sports car, 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 Model Y crossover in 2020, the Tesla Semi truck in 2022 and the Cybertruck light-duty pickup truck in 2023.

ACHIEVEMENTS

The biggest achievement of Tesla company

Tesla developed the alternating-current power system that provides electricity for homes and buildings. He also pioneered the field of radio communication and was granted more than 100 U.S. patent.

In conclusion, Tesla’s remarkable success can be attributed to three key factors: its relentless pursuit of technological excellence, unwavering commitment to sustainability, and unrivaled brand image and marketing strategy.

Tesla’s Most Recent Achievements