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Where Did Tesla Come From?

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Introduction Tesla Motors is the company that took the automotive industry by storm with a very unique and new concept. To create luxury vehicles that are not gasoline powered but in fact electric powered vehicles. If you don’t believe me telling you that they have and will continue to revolutionize the global automotive industry, let the numbers and consumers speak for themselves. “The company’s stock price had climbed from $34 million in January 2013 to over $250 million in March 2014. Forbes also ranked their Model S vehicle the best-selling car in 8 of the 25 wealthiest zip-codes in the United States” (Thompson, 2014). So why did this immense increase occur all of a sudden and where on earth did Tesla come from? Simply facts such as …show more content…

Je as named the company’s CEO, Chairman and President in November 2007 and it as the best decision management has made to this date. He was able to convince the government to loan the company hundreds of millions for the start up of their second vehicle as well as convince investors to pay for a mass production factory to be built for Tesla in California. Immediately production of what Musk called the Model S began. It was a very sporty luxurious car with a powerful lithium battery. The company managed to profit positively in the years to come until in 2012 the break Model S as perfected and released on to the market. It just so happens to be three years later one of the most popular cars sold globally. Tesla is now out of debt with investor and the government completely and is worth somewhere around $8 …show more content…

Any further development in production of battery safety and advancements can only improve the company as a whole down the stretch. If Tesla takes strides to improve the technology they already pose then they will always be relevant. The first step would be to improve the safety of the batteries in order to reduce fires while charging or post accidents. The second step would be to develop a more powerful battery for their SUV model to be released as well as the future models. Any development with technology will continue to be focused on the battery as it is the most important factor of the

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Therefore, the tesla stock is not a good buy at this moment. In the other hand, the company’s business plan is to develop new products using renewable energy sources, as well as developing new technology at a lower cost, to make its products accessible to a larger market

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Tesla business modern also depend heavy on the government incentive to offset the customer cost, which is very tricky business because the law can be change and Tesla can lost the incentive. Tesla is a very young company and it have to compete again the automobile industry with well establish last 60 years will be a very challenge for her profitability as

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1. History Tesla Motors (often shortened to Tesla) is an American automaker and energy storage company co-founded in July 2003 by Elon Musk, Martin Eberhard, Marc Tarpenning, JB Straubel and Ian Wright, and is based in Palo Alto, California. The company specializes in electric cars and their powertrain components and also produces battery charging equipment. 2. Company Profile Tesla Motors, Inc., incorporated on July 1, 2003, designs, develops, manufactures and sells electric vehicles and energy storage products.

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Musk oversees all product development, engineering, and design of the company’s products. Tesla Motors eventually surpassed General Motors as the most valuable U.S. car maker in April 2017. As Elon Musk continues to build his companies he is proving that anything is

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While its existing models as of 2016 are mainly targeted to well-off individuals, the company is working diligently to reduce the cost of production and vehicle prices to broaden its appeal among middle-income individuals. Tesla is investing at a breakneck pace, putting the company in need of capital and prompting it to issue convertible bonds. Investing in Tesla comes with a lot of uncertainty, and its stock can be very volatile if the company's actual growth path deviates from what the investment community expects from

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Automotive Full Time Employees: 5,859 Company Value: $27.09 billion Business Summary: Tesla Motors, Inc. designs, produces, and sells high performance electric cars and electric powertrain materials. It sells all of its powertrain components to other automobile companies. They are based out of Palo Alto, California and run operations out of a factory in that location. All cars are assembled in America and then shipped across the world. It was founded in 2003.

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Moreover, Musk says the "overarching purpose" of Tesla Motors is "to facilitate expedite the move from a mine-and-burn organic compound economy toward a star electrical economy, that he feel to be the first, however not exclusive. That's beyond any doubt a noble and socially

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Dragon returned nine days later, landed in the Pacific Ocean precisely on target two minutes ahead of schedule and in excellent condition. In his quest to help Earth become less dependent on carbon-generating fuels, he cofounded Tesla, the electric car company and SolarCity that manufacture and markets solar-energy systems. Tesla automobiles are sold directly to consumers, often through two dozen stores of galleries in the United States. Traditional dealers dislike this direct approach to sales because they say it violates state franchise laws.

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TESLA Motors In The Netherlands 1. Introduction Tesla Motors Inc. is an American car manufacturer based in California. Founded in 2003, it has become one of the fastest growing companies in the electric vehicle (EV) market. In 2016, Tesla had a revenue of $2.28 billion and sold 76,230 units (Ferris, 2017).

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Electric vehicles face two main technological challenges, high costs and suboptimal batteries, this is where Tesla has taken the lead on its competitors, their batteries are cheaper, charge faster and have a better range than those of the competition (200+ miles, up to a maximum of 300 miles), the infrastructure for charging these vehicles is also rapidly developing. (technologyreview.com, How Tesla Is Driving Electric Car Innovation) The major innovation that is coming is fully autonomous vehicles, Tesla, Inc. has stated that all their vehicles are fully equipped with the software required and that total autonomy will start to

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The vision of Tesla is ‘to create the most compelling car company of the 21st century by driving the world’s transition to electric vehicles’. Based on the mission and vision, the company’s strategy was determined. Tesla’s strategy is to enter at the high end of the market, where customers are prepared to pay a premium, and then drive down market as fast as possible to higher unit volume and lower prices with each successive model. (Musk,

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Analysis: Tesla has proven to make an extensive impact in the market. Keeping the company’s position in the high-end industry, Tesla is able to represent just like companies like Apple a high-end product that appeals only to a certain customer base. Tesla is constantly innovating their product in a way that the newest technologies will be incorporated in the production process of the car and the products the companies develop itself too. Tesla is the first major company to have inherited an electric car only automobile production company, which is nearly impossible considering the weak demand for electric cars today. Most car manufacturers today only devote a small part of their product line to electric cars, meaning that they do not want to take the risks of completely changing to electric only cars as fears of reducing the demand for their products is real and because there is still more demand for conventional petrol driven cars.

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Tesla Motors is an American-based company that deals majorly with designing, manufacturing and selling of electric cars as well as electric vehicle powertrain components. Since its formation by a group of Silicon Valley engineers in 2003, Tesla Motors Company has gained global fame and incomparable customer loyalty. Tesla Motors have significantly grown from the year of its commencement till now. The sales and revenue of the company has increased year after year which is evident from its annual report. In the year 2011, the company has generated revenue of 204.224 million which has considerably increased to 4.05 billion in 2015 (Marketwatch, 2016).

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The purpose of this was to reduce the number of greenhouse gasses produced by gasoline powered cars. Tesla cars are built out of aluminium, which is more expensive, but can be completely recycled. Its batteries are non-toxic and almost 100% recyclable as well. Furthermore, Tesla cuts noise pollution. The CEO of Tesla realizes that the company cannot meet the total demand for

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Market Tesla’s long-term strategic goal is to create affordable mass market electric vehicles (EV). In order to achieve that goal it will increase the number and variety of EVs available to mainstream consumers by Selling it’s own vehicles in a growing number of company-owned showrooms and online. Selling patented electric powertrain components to other manufacturers and serving as a catalyst and positive example to other automakers. Competitive advantage is the low cost of Tesla’s battery pack, which allow to sell the Model S at a reasonable price but with near-normal (up to) 300 mile range, a combination other EVs have yet to deliver.

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