Tesla Inc. is an American multinational automotive and clean energy company based in Austin, Texas. It designs, manufactures, and sells battery electric vehicles (BEVs), stationary battery energy storage devices ranging from home to grid-scale, solar panels and solar shingles, as well as other products and services.
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| Tesla's Headquarter |
In July 2003, Martin Eberhard and Marc Tarpenning established Tesla Motors. The company's name is a tribute to Nikola Tesla, an inventor and electrical engineer. Elon Musk became the company's largest shareholder in February 2004, and he took over as CEO in 2008. The company began producing its first car model, the Roadster sports car, in 2008. It 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 pickup truck in 2023.
The Model 3 is the world's best-selling plug-in electric vehicle, and in June 2021, it became the first electric vehicle to sell one million units. In 2023, the Model Y was the best-selling vehicle of any kind worldwide. Tesla is among the world's most valuable companies in terms of market capitalization. Tesla became the seventh company in the United States to reach a trillion-dollar valuation in October 2021. In 2023, the company held a 19.9% share of the battery electric vehicle market. In 2023, the company was ranked 69th on the Forbes Global 2000.[7] As of March 2024, it was the world's most valuable automaker. Tesla has faced lawsuits, government investigations, and journalistic criticism over allegations of whistleblower retaliation, worker rights violations, product defects, and Musk's numerous controversial statements.
Establishment in 2003 2004Establishment in 2003 2004.
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| Tesla's Giga factory. |
Martin Eberhard and Marc Tarphttps://mrsen9301.blogspot.com/enning incorporated Tesla Motors, Inc. on July 1, 2003. They worked as CEO and CFO, respectively. Eberhard stated that he aimed to create "a car manufacturer that is also a technology company," with its core technologies being "the battery, computer software, and the proprietary motor."
Ian Wright, Tesla's third employee, started a few months later. In February 2004, the company raised US$7.5 million (equivalent to $12 million in 2023) in series A funding, including $6.5 million (equivalent to $10 million in 2023) from Elon Musk, who had received $100 million from the sale of his stake in PayPal two years prior.
Musk was appointed chairman of Tesla's board of directors and the company's largest shareholder. J. B. Straubel became Chief Technical Officer at Tesla in May 2004.
A lawsuit settlement agreed upon by Eberhard and Tesla in September 2009 allows all five Eberhard, Tarpenning, Wright, Musk, and Straubel to refer to themselves as co-founders.
TESLA ROADSTER.
Tesla began manufacture of the Roadster in 2008, at the service bays of a former Chevrolet dealership in Menlo Park. By January 2009, Tesla had funded $187 million and delivered 147 vehicles. Musk has invested $70 million of his personal capital in the company's shares.
Elon Musk played an active role in the company, but was not heavily involved in day-to-day operations. The company's strategy was to launch with a premium sports car aimed at early adopters before expanding into more mainstream vehicles such as sedans and affordable compacts.
In February 2006, Musk led Tesla's $13 million Series B venture capital funding round, which included Valor Equity Partners. Musk co-led the third $40 million round in May 2006, which included prominent investors such as Google co-founders Sergey Brin and Larry Page, as well as former eBay President Jeff Skoll. A fourth round of $45 million in May 2007 increased the total private financing investment to more than $105 million.
In August 2007, the board, led by Elon Musk, asked Eberhard to step down as CEO. Eberhard then assumed the title of "President of Technology" before departing the company in January 2008. Marc Tarpenning, co-founder and the company's Vice President of Electrical Engineering, also left in January 2008. Michael Marks was appointed interim CEO in August 2007, and Ze'ev Drori took over as CEO and President in December 2007. Musk replaced Drori as CEO in October 2008. In June 2009, Eberhard sued Musk for allegedly forcing him out. The case was dismissed in August 200
Automotive products and services
As of May 2024, Tesla has six car models available: Model S, Model X, Model 3, Model Y, Tesla Semi, and Cybertruck. Tesla's first automobile, the first-generation Tesla Roadster, is no longer for sale. Tesla has announced plans for a second-generation Roadster.
1. TESLA MODEL X.
The Model X is a mid-size luxury crossover SUV available in 5, 6, and 7 seat configurations, with a twin or tri-motor, all-wheel drive system. The rear passenger doors open vertically and have an articulating "falcon wing" design. A prototype Model X was originally presented in February 2012, with deliveries beginning in September 2015. The Model X shares around 30% of its material with the Model S. In June 2021, the car received a substantial design upgrade, which included a redesigned interior.
2. TESLA MODEL Y.
The Model Y is a mid-size crossover SUV available in 5 and 7 passenger variants with either a single motor, rear wheel drive or a twin motor, all wheel drive layout. The car was supposed to be less expensive than the upscale Model X SUV. A prototype Model Y was originally presented in March 2019, with deliveries beginning in March 2020. The Model Y shared around 75% of its material with the Model 3. In the first quarter of 2023, the Model Y outsold the Toyota Corolla, becoming the world's best-selling automobile and the first electric vehicle to do so.
3. TESLA MODEL S.
The Model S is a full-size luxury vehicle with a liftback body type and a twin motor, all-wheel-drive configuration. Development of the Model S began prior to 2007, and deliveries began in June 2012. The Model S has had two significant design refreshes: the first in April 2016, which brought a new front-end design, and the second in June 2021, which updated the inside. The Model S was the best-selling plug-in electric vehicle globally in 2015 and 2016. More than 250,000 automobiles had been sold as of December 2018.
4. TESLA CYBERTRUCK.
The Cybertruck is a full-size pickup truck. First announced in November 2019, pilot production began in July 2023 after being delayed several times, and deliveries began on November 30, 2023. There are three variants available: rear-wheel drive, dual-motor all-wheel drive, and tri-motor all-wheel drive, each having an EPA range estimate of 320-340 miles (510-550 kilometers). The truck's external design, composed of flat sheets of unpainted stainless steel, drew a polarized response from the media.5. TESLA MODEL 3
The Model 3 is a mid-sized vehicle with a fastback body design and either a dual motor, all-wheel drive or a rear motor, rear-wheel drive arrangement. The car was supposed to be less expensive than the premium Model S sedan. A prototype Model 3 was originally unveiled in 2016, and within a week, the business had received over 325,000 paid reservations. Deliveries began in July 2017. From 2018 to 2021, the Model 3 was the world's best-selling electric vehicle, with total sales surpassing one million in June 2021. The car had a substantial design redesign in September 2023, which changed the appearance and interior.
6.TESLA SEMI TRUCK.
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| Semi Truck |
Tesla Semi is a Class 8 semi truck built by Tesla, Inc. featuring a tri motor, rear wheel drive arrangement. Tesla estimates that the Semi has about three times the power of a conventional diesel semi truck and a range of (approximate 800 kilometers). Two prototype trucks were first presented in the month of November 2017, with initial delivery to PepsiCo beginning December 1, 2022. As of December 2023, the vehicle is still in pilot production. An update in 2024 says that the entire manufacturing process will begin in 2025.
CHARGING SERVICES AND CHARGING STATION OF TESLA.
Tesla has brought a kind of revolution in the world of charging to meet the needs of the customers. To make its services accessible to the customers, Tesla manually provides 2 types of charging services like -
1. DESTINATION LOCATION CHARGING NETWORK .
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Tesla also maintains a network of "Destination Chargers," which are slower than Superchargers and designed for sites where consumers are expected to park and spend several hours, such as hotels, restaurants, or shopping malls. Unlike the Supercharger network, Tesla does not own the destination chargers; as a substitute, property owners install the devices and determine price. When the network originally went live in 2014, Tesla provided free charging equipment and covered installation costs. Hilton Worldwide, a hotel business, is one of the largest suppliers, having announced in 2023 a partnership with Tesla to deploy 20,000 chargers across 2,000 of its North American hotels by 2025.
2. TESLA'S SUPERCHARGER NETWORK.
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| Supercharger Station |
The Supercharger network was launched on September 24, 2012, as the Tesla Model S went into production, with six locations in California, Nevada, and Arizona. As of January 2024, Tesla had a network of 6,000 Supercharger stations and nearly 55,000 connectors. The stations are predominantly distributed throughout three regions: Asia Pacific 2,400, North America 2,300, and Europe 1,100. Newer superchargers can deliver up to 250 kW of power. Tesla's high voltage direct current fast chargers are branded as "Supercharger."
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Tesla has brought the concept of automatic driving to the whole world in the modern era and has brought the revolution of self-driving cars in the industry. With the autopilot made by Tesla, the car can travel long distances without a driver.
Tesla created Autopilot, an advanced driver assistance system. The system demands active driver supervision at all times. Since September 2014, all Tesla vehicles have been equipped with sensors (originally hardware version 1 or "HW1") and software to facilitate Autopilot.[188] Tesla improved its sensors and software ("HW2") in October 2016 to enable full self-driving in the future. HW2 has eight cameras, twelve ultrasonic sensors, and a forward-facing radar. HW2.5 was launched in mid-2017, and it added a second graphics processing unit (GPU) and, for the Model 3, a driver-facing camera. HW3 was released in early 2019 with an improved and more powerful computer, which used a bespoke Tesla-designed system on a chip.
In April 2019, Tesla revealed that Autopilot software (defined as merely Traffic-Aware Cruise Control and Autosteer (Beta)) would be standard on all future models. Full self-driving software (Autopark, Navigate on Autopilot (Beta), Auto Lane Change (Beta), Summon (Beta), Smart Summon (Beta), and future capabilities) is an additional expense.
