Tesla is an automotive and energy company based in Palo Alto, California. Founded in 2003, Tesla is best known for its innovative and environmentally friendly electric car product line.
About Tesla, Inc (TSLA)
Tesla, Inc. was founded as Tesla Motors in 2003 by a group of engineers who wanted to prove that people don’t have to compromise on driving electric cars – they can also be better, faster, and more fun vehicles than fossil fuel cars.
The name ‘Tesla’ itself is a tribute to Nikola Tesla, a Serbian scientist and inventor who contributed greatly to the development of AC (alternating current) electricity technology in the late 19th century.
Over time, Tesla has grown to become a global leader in the sustainable energy revolution, with widespread product sales in various countries and a wide range of vehicle models.
Under the visionary control of Elon Musk, Tesla has reached unimaginable heights in terms of electric car technology and various other sustainable energy products.
Vision and Mission of Tesla, Inc.
Tesla’s vision is “to create the world’s most exciting and efficient transportation without compromising the planet”. With a mission “to accelerate the world’s transition to sustainable energy”. As such, Tesla aims to lead the world in clean energy technology and reduce dependence on fossil fuels.
Main Products of Tesla, Inc.
There are at least 3 main product categories of Tesla, including the following.
Electric Cars
Tesla’s main products are a series of advanced, high-performance electric cars. These range from the Model S, a luxury electric sedan first released in 2012, to the Model 3, a compact sedan aimed at the mass market.
Tesla has also launched the Model X, a high-performance SUV, and the Model Y, a compact crossover. In 2020, Tesla reported sales of more than 500,000 units of its electric cars.
Powerwall and Powerpack
Tesla also designs and manufactures Powerwall, Powerpack, and other energy storage products. The Powerwall is a home battery that can be used to store energy from solar power or the power grid.
It is designed to provide power during outages, while the Powerpack is intended for commercial and utility use.
Solar Roof and Solar Panels
Tesla is also in the solar energy industry, with products like the Solar Roof and traditional solar panels. The Solar Roof combines solar panels with building materials, creating a roof that can generate electricity and still look like a normal roof. While Tesla’s traditional solar panels offer an efficient and affordable solar power solution.
Important People in Tesla, Inc.
There are at least 3 important people in Tesla, including the following.
Elon Musk – CEO
Elon Musk, who joined Tesla in 2004, is the most important figure behind the company’s success. Although Musk was not among the original founders, he has played a vital role in shaping Tesla into a global leader in electric cars. Musk has a background in physics and business, and he uses both fields to help steer Tesla. With Musk’s leadership, Tesla has experienced significant growth and introduced some of the most innovative products and technologies in the automotive industry.
JB Straubel – Former CTO
JB Straubel was one of the original founders of Tesla and served as its CTO (Chief Technology Officer) until 2019. He played a key role in the development of Tesla’s battery and electric motor technology. During his tenure, Straubel helped steer Tesla in a direction that focused on developing and producing efficient, high-performance electric cars.
Franz von Holzhausen – Chief Designer
Franz von Holzhausen joined Tesla in 2008 and has been the main architect behind Tesla’s iconic car designs. As Chief Designer, von Holzhausen is responsible for the overall aesthetics and function of Tesla cars, from the body to the interior. He has produced some of the most influential automotive designs in modern history, including the Model S, Model 3, and Roadster
Stock Price Fluctuations of Tesla, Inc.
Since Tesla’s initial public offering (IPO) in 2010, the company’s stock price has experienced a rollercoaster ride. Initially, Tesla’s stock moved relatively flat, but from around mid-2013, the stock price began to spike dramatically.
One of the most notable stock price spikes occurred in 2020, where Tesla’s stock price rose by more than 700%. The main cause of this surge was Tesla’s strong financial results, where it reported net income in four consecutive quarters for the first time in the company’s history. The surge was also fueled by high market expectations about the future of electric cars and sustainable automotive technology.
However, Tesla’s journey in the stock market has not always been smooth. In 2018, Elon Musk faced sanctions from the US Securities and Exchange Commission (SEC) after his controversial tweets regarding the privatization of Tesla, which resulted in a sharp drop in the stock price. Despite this, Tesla has managed to recover and continue to grow in the global stock market.
Looking back, Tesla stock has had an amazing journey, proving that a strong vision and mission, technological innovation, and effective leadership can create tremendous value in the market.
