Tesla – Origin, Facts and Size
Over the year the electric cars never saw much hope. But in July 2003 a world changing event happened. In this year Tesla motors was founded by Martin Eberhard and Mark Tarpenning. The very next year Elon Musk invested into the company and joined Tesla’s Board of Directors as its Chairman
BEGINNING OF THE TESLA REVOLUTION–
From the very beginning Musk always wanted Tesla to be something special. It’s long term aim was to create affordable electric vehicles for everyone .
Elon Musk overlooked the product design of the company’s first ever car the Tesla Roadster. Elon’s design was so good that he received the Global Green 2006 product designer of the year for his work on the Roadster. The Roadster was the first production electric vehicle with a range of over 320 kilometres on single charge.
In 2007 Tesla went from strenght to strength and received investment from well recognised entrepreneurs which included Google’s Co-founders Larry Page and Sergey Brin. However, in 2008 the fall out of the Global Financial crisis forced Tesla to cut their workforce by 10 percent which included key personnel .
Later in the year 2008 Elon Musk became the CEO of the company and he also contributed 70 million dollars of his own money into the company . In 2009 Tesla also received a loan from the US government which supported the engineering and production of the Model S sedan .
Tesla unveiled the Model S, an all electric sedan on March 26th 2009 . The company had become profitable by August 2009. In the year 2010 Tesla went public and by doing so they became the first American Carmaker to go public since the Ford Motor company in 1956.
How Big is Tesla?
Tesla haven’t been around for a long enough but currently they’re already worth more than Fiat, Mitsubishi motors, Mazda Renault and Suzuki with a market cap of more than 50 billion dollars. So far Tesla has sold more than 200,000 cars which is much lesser than some of biggest car companies but one has also to keep in mind that those traditional companies have been around for a long time. The company has 38000 employees and made 11.8 billion dollars in revenue in the year 2017 although that number is remarkably smaller compared to the bigger companies but it’s not any bad for a company that is only a decade or so older company.
The road is only upwards for Tesla from here on. Tesla is a brand new smaller company just a decade old but it still managed to cause much change in the automotive world is really adorable. With a vision of change to the world Tesla is here to stay. With its astounding and stupendous innovations Tesla has already changed the thinking of the people towards the Automobile world .
The supercharger charging stations will also allow people to freely move around without any cost and have already been installed in many parts of America and gradually the growth is getting only bigger.