Tesla


The first new American car company since DeLorean, Tesla brings together Americans. Tesla drivers are getting 245 plus miles from its battery technology. The Chevy Volt is expected go about 40 miles between charges and the Nissan Leaf claims around 100. The company is just north of Palo Alto and the stock jumped 42 percent on its IPO last year, when it became the first American car company to go public since the Ford family issued common stock in 1956.

Tesla first gained widespread attention following its production of the Tesla Roadster, the first electric sports car, in 2008. The company’s second vehicle, the Model S, an electric luxury sedan, debuted in 2012 and is built at the Tesla Factory in California. In Q1 2013, Tesla released its stock profits for the first time from its NASDAQ ticker symbol. The Model S has been the world’s best selling plug in electric car for two years in a row, 2015 and 2016. Its global sales achieved the 150,000 unit milestone in November 2016, four years and five months after its introduction. As of December 2016, the Model S ranks as the world’s all time second best selling plug in after the Nissan Leaf. The Model S was then followed in September 2015 by the Model X, a crossover SUV. Tesla’s next vehicle is the Model 3, which was unveiled in March 2016. It is slated for release in 2017 with a base price of $35,000 before any government incentives.

Tesla, Inc. (formerly named Tesla Motors) is a major American automaker, energy storage company, and solar panel manufacturer based in Palo Alto, California. The company was initially founded in 2003 by Martin Eberhard and Marc Tarpenning, although the company also considers Elon Musk, JB Straubel, and Ian Wright amongst its co founders. The company specializes in electric cars, Lithium ion battery energy storage, and, through their SolarCity subsidiary, residential solar panels.

Tesla has a network of high-powered Superchargers located across North America, Europe and Asia for Tesla vehicles. The company also operates a Destination Charging program, under which shops, restaurants and other venues are offered fast chargers for their customers. Although Tesla operates a number of production and assembly plants, the company’s most iconic facility is the Gigafactory 1 near Reno, Nevada, where Panasonic builds 21-70 cells for Tesla batteries. Tesla also manufactures the Tesla Powerwall, Powerpack batteries, and solar panels (in varying form factors) for home and industry applications. Elon Musk owns 20.8% stake in the company as of March 2017.

As of December 2016, Tesla has sold over 186,000 electric cars worldwide since delivery of its first Tesla Roadster in 2008, making the carmaker the second largest global pure electric car manufacturer after the Renault Nissan Alliance. For two years running, 2015 and 2016, Tesla ranked as the world’s second best selling manufacturer of plug in electric cars after BYD Auto. Musk, the CEO, has said that he envisions Tesla as a technology company and independent automaker, aimed at eventually offering electric cars at prices affordable to the average consumer.

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