Essay on The Tesla Motor Company - 1589 Words

Tesla Motor Company Company Overview- Tesla Motors Inc. (Tesla) is a company based out of Silicon Valley that designs, assembles and markets battery electric vehicles (BEVs), in addition they produce lithium-ion battery packs, and electric vehicle powertrain components. Founded in 2003, Tesla was the first new American automobile manufacturer to appear in years. It was the first automaker to manufacture and sell proficient BEVs in production. The company’s tactic is not really that of the â€Å"Detroit† approach more of a one of a kind â€Å"Silicon Valley† style, self-reflected of a method that is remarkably hi-tech and innovative, tremendously assertive and very efficient. They have grown from one retail store to 18 stores worldwide, a†¦show more content†¦Next, came the Model S in 2012, and they discontinued production of the roadster, the Model S sold 22, 477 cars to retailers globally. In February of 2012 they also released a Model X prototype which was a crossover vehicle, set to be pu t into production by the end of 2014. Tesla Motor Company is partnered with internal divisions and external companies involved in producing the final product. Tesla Energy Group, is designated with developing and marketing the powertrain components, custom designed battery packs, battery chargers and support power management technology. It also generates revenue from the sale of zero-emission vehicle credits of $7,500 per vehicle. Another internal division is, New Product Development; which is partnered with Daimler, Panasonic and Toyota to cultivate electric vehicle associated products. Tesla manufactures and markets its own vehicles, but unlike its competitors it also operates as an original equipment manufacturer, and it produces electric powertrain components that other automakers can purchase and brand. Their main partner in this division is Lotus. Although the financials don’t show it Tesla motors is progressing and building an automotive company that no other current c ompany can copy or top. Tesla’s total revenues were $2.01B for the following year ending Dec. 30th, 2013. While net income was not so positive, showing a loss of $-74.01M, which is actually a positive jump from theShow MoreRelatedCompany Profile Of Tesla Motors1364 Words   |  6 Pages History of Operation Tesla Motors was incorporated in 2003. in 2016, it began production of the Roadster in 2009, Model S unveiled. in 2010, TSLA IPO launched; Announced partnership to develop powertrain system with Toyota RAV4. in 2012, it Started building Supercharger Network across America and Unveiled designs and plans for Model X. in 2013, Tesla got Extreme Tech â€Å"Best Selling Luxury Car. IN 2014, Gigafactory announcement 200th Tesla Charging Station opened, and Musk announces anyone canRead MoreCompany Analysis : Tesla Motors1036 Words   |  5 PagesAlthough Tesla Motors product line could be considered a niche market they have plenty of opportunities to expand their product line globally, (Thompson et al., 2016). The firm’s vision outlines that they plan to expand their product line to promote growth and drive down the cost of their automobiles. Another important opportunity would be many countries are developing strong regulations that favor electric cars and the market is constant ly growing due to increased fuel costs. Again Tesla Motors hasRead MoreTesla Motors, An American Company2066 Words   |  9 PagesTesla Motors Incorporated, an American company that designs, produces, and sells electric vehicles and their electric components, has become one of the fastest growing car companies in recent history. The company’s main goal was to start creating electric vehicles that were accessible and affordable to the public. Founded in 2003 and taking off successfully by 2009, Tesla Motors started selling the first mass-produced vehicle to use lithium-ion battery cells and hold a range of greater than 200 milesRead MoreTesla Motors : An Automobile Company1787 Words   |  8 Pages1. Introduction Tesla Motors is an automobile company that provides electric vehicles. It was founded in 2003, in San Carlos, California. Although Tesla was chosen to be the provider of the best innovative vehicles, its sales indicated that the company could not sustain in the business since the sales appeared to be not enough to compensate the cost of the production of the vehicles. By launching the new model of its car, Roadster, in 2008 Tesla sold around 2,450 vehicles. After announcing the ModelRead MoreTesla Motors, An American Automaker Company Essay1205 Words   |  5 PagesTesla Motors, an American automaker company formed in 2002 in California with a focus on energy storage and a specialization in electric cars was formed by a group of successful businessmen. Fast forward to today, the company has lived to its initial core vision and goal. It’s clearly that from the onset of Tesla, Tesla has maintained its stand on its main vision which is providing energy storage and specialization in electric cars. Global Electric Motorcars (GEM) is also an American automaker companyRead MoreCase Study : Tesla Motor Company1864 Words   |  8 Pagesheadquarters in Palo Alto, California, Tesla currently has over six thousand employees and tesla cars on the roads in over thirty-seven countries. The Tesla Motor Company has created a trio lineup of vehicles which include the Model S, the Model X, and the Roadster. As the product architect and CEO of Tesla Motors, Musk implemented his plans to perfection including zero emission cars with the ability to go nearly three hundred miles per charge (National Geographic, 2012). Tesla is also a leader in selling onlineRead MoreTesla Motors : An American Automaker And Energy Company Essay1366 Words   |  6 PagesIntroduction Tesla Motors is an american automaker and energy company founded by Elon Musk, Martin Eberhard, Marc tarpenning, JB Straubel, and Ian Wright with the idea that electric cars are better than gasoline vehicles. The company designs, manufactures, and sells electric cars and electric vehicle powertrain components to other automotive companies such as Daimler and Toyota (Tesla, 2013). Tesla is stationed in Palo Alto and has wholly-owned subsidiaries in North America, Europe and Asia. It hasRead MoreCase Analysis : Tesla Motors1619 Words   |  7 Pagesny History (1)Tesla Motors was originally founded in 2003 by CEO Martin Eberhard and CFO Marc Tarpenning . According to Tesla. com, the company was named after the Serbian engineer Nikola Tesla who invented the induction motor and alternating-current (AC) power transmission in 1888. Eberhard and Tarpenning decided to design their first electric sports car using the design of Nikola Tesla’s patented AC induction motor. By early 2004, Eberhard and Tarpenning were quickly joined by several otherRead MoreTesla Ford s Influence On American Innovation Essay1567 Words   |  7 Pages Tesla Automakers: Niccolai’s Influence On American Innovation Sir C. Powers UCLA Extension Abstract Tesla Motors was established in 2003 by entrepreneurs Martin Eberhard and Marc Tarpenning. Today, Tesla Motors provides power train components for car producers, including Daimler and Toyota, designs and manufactures Model S, the first world ‘s premium zero-emission sedan that became the third best-selling all-electric car in the U.S. The company is worth more than $25Read MoreSwot Analysis : Tesla Motors1501 Words   |  7 PagesSWOT analysis of tesla motors Tesla motor is a car company that manufactures, design and sell electric car. The company named was named after a famous scientist and physicist Nikola tesla. Its headquarter is located in Palo Alto, California and it has a main production plant is in Fremont, California. Currently tesla motors have launched three models, the tesla roadster, model S, and model X. According to Elon musk, Cofounder and Ceo of tesla motors, â€Å"A Tesla motor was created to accelerate the advent