History of Tesla

    The tesla company is also known as Tesla motors. It was founded in 2003 by Martin Eberhard and Marc Tarpenning and was name after Nikola Tesla, an American inventor.

 

  Areas of involvement: Automobile, Automotive industry, Electric automobile, Manufacturing Roadster.

  Related People: Elon Musk, Martin Eberhard, Marc Tarpenning.

   

     This company was formed to develop an electric sports car. Tesla’s chief executive officer (CEO) was Eberhard and Tarpenning was its chief financial officer (CFO). The company obtained funds from variety of sources, mainly the PayPal cofounder Elon Musk, who contributed more than $30 million to the new venture and served as chairman of the company, beginning in 2004.                                              

First car of Tesla in 2008
    The first car of Tesla motors was released on 2008, the completely electric Roadster. This car achieved 245 miles (394km) on a single charge, a range unprecedented for a production electric car. When it was tasted with other gasoline-powered sports cars: the roadster could accelerate from 0to 60 miles (96km)per hours in less then 4 seconds and could reach a top speed of 125 miles (200km) per hour. The lightweight car body was made of carbon fibre. Tesla motors found that the car attained efficiency rating that were equivalent to gasoline mileage of 135 miles per gallon (57 km per lire). The vehicle’s electric motor was powered by lithium-ion cells-often used in laptop, computer and batteries that could be recharged from a standard electric outfit. Despite a federal tax credit of $109,000 made it a luxury item. 

     In late 2008 Eberhard resigned from CEO and president of technology and joined the advisory board of the company. It was announced in 2008 that he had left the company. But he remained a shareholder. Tarpenning, who was also vice president of electrical engineering, supervising the development of electronic and software systems for the roadster also left the company in 2008. Elon Musk took over the charge of CEO. In 2010 Tesla's initial public offering raised some $206 million.

    In 2012 Tesla stopped production of Roadster and to focus on its new Model S sedan, which was acclaimed by automotive critics for its better performance and design. It came with three different battery options, which gave estimated ranges of 235 or 300 miles (379 or 483km). The battery option with the highest performance gave an acceleration of 0 to 60 mile (96km) per hour in slightly over 4 seconds and a top speed of 130 miles (209km) per hour. Unlike the Roadster, which carried its batteries at the front of the car, the model S had its underneath the floor, which gave extra storage space in front and improved handling because of its low Centre of gravity. The Tesla Autopilot, a form of semiautonomous driving, was made available in 2014 on the model S.

Model S (2012)

  In 2012, Tesla built superchargers in the United States and Europe designed for charging the batteries of Tesla quickly and at no extra cost to the Tesla owners. Latest versions of those stations were called Tesla stations an also had the capability of complete replacement of the model S battery pack.

   Tesla released the Model X, a "crossover" vehicle (i.e., a vehicle with features of a sport-utility vehicle but built on a car chassis), in 2015. The Model X can go 295 miles (475 miles) in a single charge. Because of demand for a more inexpensive vehicle, the model 3, a four-door sedan with a range of 220miles (354 km) and a price of $35,000, began production in 2017.

Model X
Model X

   The company also branched out into solar energy products. A line of batteries to store electric power from solar energy for use in homes and businesses was unveiled in 2015. Tesla bought the solar panel company solarcity in 2016.

   Now Musk made series of tweets about taking Tesla private. In September 2018 the U.S. Securities and Exchange Commission (SEC) charged him with securities fraud, alleging that his tweets were “false and misleading.” Later that month Tesla’s board rejected a proposed settlement from the SEC, reportedly after Musk threatened to resigned. However, news of the rejected deals sent Tesla's stock plummering, and the board quickly accepted a less generous settlement the terms of which included Musk stepping down as chairman for at least three years. However he was allowed to remain as CEO. In addition, both Tesla and Musk was fined $20 million.  

                                                                                                                 



    

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