Tesla Inc. is one of the most valuable brands in the automobile industry as of 2021. This is one of the very numerous companies owned by Elon Musk. Some of their major products include electric cars, batteries, solar panels, and more. Of all the products listed, electric vehicles (EVs) are the most popular.
Originally, the company wasn’t founded by Elon Musk but by Martin Eberhard and Marc Tarpenning in 2003 and it was called Tesla Motors then. The name as you might have correctly guessed is a tribute to American inventor, Nikola Tesla best known for his designs on the alternating current (AC) electrical system.
Tesla Wiki and History
The company was founded and incorporated on July 1st, 2003 by Eberhard and Tarpenning. In 2004, Elon Musk led the Series A round of funding which eventually led to his appointment as chairman of the board of directors.
In September 2009, the company had its first lawsuit from one of the founders, Martin Eberhard who was ousted from his position as CEO in 2007 and later left the company in January 2008. With the 2009 lawsuit settlement, it was agreed that Martin Eberhard, Marc Tarpenning, Ian Wright (third employee), Elon Musk, and Jefferey Brian Straubel (fourth person to join the company) were all co-founders.
The company’s first production was the Roadster. The prototype was first revealed to the public on July 19, 2006, in California while production began in 2008.
On the 29th of June, 2010, the company went public on NASDAQ, and later that year, October 2010 to be precise, another model started production. This was the Model S.
In 2012, production of the Roadster ceased and in July that year, the Model S sedan EV was unveiled to the public. Three years later, the third model, the Model X was launched.
In 2016, the company acquired SolarCity for $2.6 billion. The acquisition saw the merger of SolarCity and the company’s battery energy storage division to form an Energy division. This subsidiary has produced lots of products including Solar Roof and more.
On November 21st, 2019, the Cybertruck was unveiled. The unveiling was controversial as it sparked different reactions. Nevertheless, it was named “Concept Car of the Year” by Automobile Magazine.
As of 2021, the company has five main facilities and they all include:
- Factory in Fremont, California, USA
- Facilities in Tilburg, Tilburg, Netherlands
- Giga Nevada in Storey County, Nevada, USA
- Giga New York in Buffalo, New York, USA
- Giga Shanghai in Shanghai, China
- Giga Berlin in Grünheide, Brandenburg, Germany
- Giga Texas in Austin, Texas
|Martin Eberhard, Marc Tarpenning, Ian Wright, Elon Musk, and Jefferey Brian Straubel|
|NASDAQ as TSLA|
|Elon Musk (21%) and other shareholders|
|Auto and Energy|
|Palo Alto, CA, United States|
|50 000-80 000|
FAQs about Tesla
Here are frequently asked questions about the automotive company.
What is the cheapest Tesla?
Why is Tesla so expensive?
This is because demand is currently higher than supply.
Should I charge my Tesla every day?
Always charge it whenever it is 30% and below.
Tesla Price and Models
The prices of every model is different. Even within a particular model, there can be different prices. Below is a chart with all the models and their starting prices.
Tesla Bitcoin and Dogecoin
In February 2021, Elon Musk announced that the company had bought $1.5 billion worth of bitcoin (BTC) and then later in May 2021, announced that the company won’t be accepting Bitcoin for vehicle purchases as mining the cryptocurrency involves fossil fuel especially coal.
However, the CEO has hinted via Twitter that his company alongside SpaceX would be accepting Dogecoin in the future. This was as of May 22nd, 2021.
Tesla Net Worth
The company is estimated to be worth $23.077 billion.
David is a content writer with interests in fields like politics, tech, and finance. David has been writing since he was a little kid (only the Universe knows the exact year 😊 ). Writing has been a passion for a long time and now it is a profession for him. He is the brain behind Mafian Media, the parent company to media sites such as Zimapp.com