Automotive company Tesla
manufacturer of electric vehicles, batteries, and photovoltaic panels
Tesla Inc. (Tesla Motors until 2017) : is an electric vehicle manufacturer with its corporate headquarters in Austin, Texas, on the Colorado River in the United States. The company is named in honor of American engineer and inventor Nikola Tesla, who is of Serbian descent. She was established in San Carlos in 2003 by Martin Eberhard and Marc Tarpenning. Elon Musk, the company's current leader, has turned it into a manufacturer of electric vehicles aimed at the general public. While the company has made a name for itself by promising to offer automatic steering-wheel-diversion vehicles, Tesla's vehicles only offer a driving aid.
The company has expanded its offering of energy-related products to include stationary batteries, dubbed "powerwall" for residential use and "powerpack" for industrial use. The acquisition of the company SolarCity in 2016 added photovoltaic panels and solar lights to its product portfolio.
In 2015 and 2016, the Tesla Model S, a high-end family berline produced since 2012, became the most popular 100% electric vehicle worldwide. Its sales reached 200 000 units in the fourth quarter of 2017. The manufacturer releases the Model X, an SUV derived from the Model S, in September 2015. According to the company's 2006 business strategy, the Model 3 small sedan, which is more affordable than the Model S, went on sale in July 2017. Tesla surpassed the threshold of 300,000 produced vehicles in February 2018 and reached the one million produced vehicle mark in March 2020.
In 2021, Tesla surpasses $1 trillion in market capitalization and becomes the most profitable automaker in the western world. More than 936 000 cars were sold globally throughout the year, an increase of 87%. The stock market crashes in 2022, causing the company to lose more than half of its capitalization, but it recovers 65% by January 2023.
The history of Tesla :
Fondation (2003–2004) :
As Tesla Motors, the company was founded on July 1st, 2003 by Martin Eberhard and Marc Tarpenning , The company is named in honor of Serbian-American inventor and engineer Nikola Tesla , Eberhard and Tarpenning are currently serving as PDG and financial director, respectively , According to Eberhard, the idea behind the founding of Tesla Motors comes from a desire to create "an automobile manufacturer that is also a technological enterprise," whose underlying technologies would include "the battery, the computer software, and the engine."
A few months later, Ian Wright, Tesla's third employee, re-joined the company , The three colleagues raised $7,5 million in February 2004 as part of a Series A financing from a number of investors, including Elon Musk, who provided the vast majority of the funding with $6,5 million.
Elon Musk rejoins the company after the investment and is appointed president of the administrative council , In May 2004 B. Straubel re-joined Tesla. Following a legal dispute between Eberhard and Tesla in September 2009, Eberhard, Tarpenning, Wright, Musk, and Straubel were named co-founders of Tesla Motors.
Rallye (2005–2009) :
Elon Musk has an active role inside the company and meticulously oversees the development of the Tesla Roadster, although he is not heavily involved in day-to-day business operations. Elon Musk has stated from the beginning that Tesla's long-term strategic goal is to develop affordable electric vehicles aimed at the mass market.
The goal of Tesla is to start with a high-end sports car for the company's first customers before moving on to more accessible vehicles like affordable sedans and trucks.
Valor Equity Partners immediately joined the funding team after a table of series B reported an amount of 13 million dollars in February 2006 , In May 2006, Elon Musk codirected the third round of a $40 million dollar table. This round table includes investments from well-known businessmen, including the co-founders of Google, Sergey Brin and Larry Page, and Jeff Skoll, the former CEO of eBay.
A fourth round of table transactions at 45 million dollars in may 2007 brought the total amount of private investments to more than 105 million dollars , On July 19, 2006, in Santa Monica, California, at a 350-person event held in the hangar Barker of the Santa Monica Airport, prototypes of Tesla's first vehicle, the Roadster, were officially unveiled to the public.
Eberhard was asked to resign from his position as PDG by the administration council in August 2007 ,Eberhard then holds the position of "president of technology" before departing permanently from the company in January 2008. In January 2008, the company's co-founder Marc Tarpenning, who at the time served as vice-president of its electrical engineering department, also left , Michael Marks is hired as PDG on an interim basis in August 2007, and Ze'ev Drori is named PDG and president in December 2007 ,Drori was succeeded as PDG by Elon Musk in October 2008.
In 2008, Tesla started producing the Roadster, Tesla sold 147 vehicles and earned 187 million dollars in January 2009. Elon Musk then contributed 70 million dollars from his personal wealth to the business , Tesla is permitted to get 465 million dollars in loans from the US Department of Energy later in the year, in June ,This funding supports Tesla's engineering and production of the Model S car as part of the Advanced Technology Vehicles Manufacturing Loan Program, which has a total funding pool of 8 billion US dollars , Tesla repays the loan in May 2013 and pays interest in the amount of 12 million US dollars.
Model S and Model X market introduction (2010–2015) :
For 42 million dollars in May 2010, Tesla purchased an old Toyota and General Motors factory in Fremont, California , The Tesla Factory website opened in October 2010 and is dedicated to the Model S production, Tesla Motors became the first American auto company to do so since Ford's initial public offering in 1956 on June 29, 2010, when it listed on the NASDAQ ,the company issued 13,3 million common shares at a price of $17 per share, enabling it to raise $226 million.
The Roadster's manufacture was stopped by Tesla in January 2012, and the luxury berline Model S was formally introduced in June, Le Model S wins numerous auto awards in 2012 and 2013, including the Motor Trend Award for Vehicle of the Year, and becomes the first electric vehicle to top a country's monthly sales rankings when it takes the top spot in the Norwegian New Car Sales Index in September 2013, The most popular electric vehicle sold globally for the years 2015 and 2016 is the Model S.
Tesla announced the Autopilot, a driving assistance system, in 2014. All Tesla vehicles started shipping in September of that year with the sensors and software necessary to handle this function. These vehicles are designated as "hardware version 1" or "HW1" ,Tesla made its patents available to the public in June 2014 after Elon Musk said: "If an organization depends on its patents, that means that it either doesn't innovate at all or that it doesn't innovate quickly."
Tesla officially entered the energy storage market in April 2015 when it unveiled its residential Powerwall and commercial Powerpack battery packs, The business receives orders worth an estimated $800 million in the week after the announcement.
In September 2015, Tesla unveiled the Model X, their third vehicle, Currently, the company sells more than 10,000 vehicles each quarter, Despite these good results, Tesla is in the red for the second quarter of 2015, with its net loss of 184 million dollars.
Model 3 and SolarCity (2016-2018) :
By purchasing SolarCity in November 2016, Tesla entered the market for solar photovoltaic energy , A few months later, in February 2017, Tesla Motors changed its name to Tesla to better reflect the scope of its operations, which now include electric vehicles, stationary energy storage systems, and solar energy production.
Tesla also begins its charitable endeavors. In 2017, the company provided assistance to disaster-affected areas, in particular by installing photovoltaic production and storage systems to restore electricity to a hospital in Porto Rico following Hurricane Maria, In July 2018, the business donated $37.5 million to the STEM K-12 educational system in Nevada , To fight the CoVID-19 pandemic, Tesla donated $5 million (about $723,000) to the Chinese Center for Disease Control and Prevention in January 2020.
Tesla starts selling its fourth vehicle model, the Model 3 berline, in July 2017 ,In comparison to previous Tesla vehicles, the mass market Model 3 is less expensive. It is eagerly anticipated, which prompts the business to try to speed up production, Tesla has 455 000 reservations for the Model 3 as of August 2017 ,Despite this, the company's release is beset by delays and production issues, increasing pressure on one of the most well-known companies on the stock market ,Elon Musk's statement that he plans to briefly privatize Tesla in 2018 has sparked numerous debates. However, this plan does not materialize, By the end of 2018, production issues had been resolved, and the Model 3 was among the most popular rechargeable electric vehicles sold globally.
World expansion (after 2019) :
By the end of 2010, the company had expanded its production capabilities to a global level. In Shanghai, China, Tesla will open its first Gigafactory outside of the United States in 2019. La Giga Shanghai was built in less than 6 months and is the first fully foreign-owned automotive manufacturing facility in China , the following year, Tesla also starts building a new Gigafactory in Texas, the United States, and another one in Berlin, Germany. The crossover Model Y, Tesla's fifth vehicle model, will start shipping in March 2020.
On January 10, 2020, Tesla broke the record for the largest market valuation of any American automaker by reaching a bourse capitalization of 86 billion dollars. On June 10, 2020, Tesla's market capitalization will surpass that of BMW, Daimler, and Volkswagen combined, the next month, Tesla exceeded Toyota's valuation of 202 billion dollars to reach a valuation of 206 billion dollars, becoming the automaker with the highest market capitalization ,Following the increase in its value, Tesla will proceed with a 5 to 1 action fractionation on August 31, 2020.
Tesla will report four consecutive quarters of affiliate revenue for the first time between July 2019 and June 2020, making it eligible for inclusion in the S&P 500, Tesla was added to the index on December 21 of the same year. This is the largest company ever added to the index and the sixth largest at the time of inclusion ,As investors try to purchase more shares as a result of this inclusion, certain analysts, like Ryan Brinkman from JPMorgan Chase, have advised investors to exercise caution because Tesla was "dramatically" overvalued.
The value of Tesla's stock increased by 740 percent in 2020, and on January 26, 2021, it had surpassed the combined value of the nine other largest automakers, making it the fifth-largest publicly traded company in the United States.
On October 6, 2020, Tesla announced on the Electrek website that it had disbanded its public relations department (with the exception of a few public relations directors who represented its European and Asian markets). Tesla was the first automaker to do this.
Tesla has already surpassed its 2020 goal of building one million cars ,the company ends the year with more than US$19 billion in liquid assets, compared to US$6.3 billion at the end of 2019 , Tesla was revealed to have invested around to $1 billion in the cryptocurrency Bitcoin in February 2021, and the company said it will soon accept Bitcoin as payment ,but on May 12, 2021, Tesla announced in a tweet from Elon Musk that it will no longer accept Bitcoin as a form of payment due to climate concerns , In October 2021, Tesla announced moving its social headquarters to Texas , a state without income taxes or capital gains taxes.
The stock market valuation of Tesla reached $1 029 billion on October 25, 2021, following the release of strong quarterly results and the announcement of a purchase order from car rental company Hertz for 100,000 Tesla vehicles. As the fifth-largest stock market valuation in the world, it was more than 12 times higher than that of General Motors , 100 times higher than that of Renault, and more than all other traditional builders combined. On the third quarter of 2021, the market capitalization of Tesla was $1.03 trillion. 6 ou 7%.
In 2022, Tesla will focus on producing its current models, starting with the Model Y, in particular in its new factories in Austin and Berlin. The Cybertruck and the low-cost "Model 2" won't be available until 2023 due to the lack of new battery cells 4680; the Semi is also being delayed.
In the year 2022, the company's stock lost close to 65% of its value on the stock market ,She gains 65% in January 2023, surpassing the symbolic threshold of $500 billion in market capitalization.