Tesla is a vehicle manufacturing company based in the United States. The company was founded by a group of engineers in 2003 in San Carlos, California. Tesla is very different from conventional automobile companies in various domains and this is the reason behind its popularity. It was founded with the vision of replacing traditional gas or fuel cars with electric energy to save non-renewable energy sources. Founders wanted to prove that electric vehicles are more reliable, have less operational costs, and are more fun to drive. Tesla also produces spare parts of electric vehicles like solar panels, solar roof tiles, electric batteries etcetera.
Tesla on Map
|HQ:||3500 Deer Creek Road, Palo Alto, California, United States|
|Traded as:||Nasdaq: TSLA|
|Industry:||Automotive industry, Battery Energy storage and Photovoltaic systems|
|Founded:||July 1, 2003|
|Services:||Vehicle servicing, Charging, Insurance, Software updates and upgrades and Premium Connectivity|
|Area served:||North America, Europe, Australia, New Zealand, East Asia and Middle East|
|Business data for Tesla, Inc.:||Google Finance / Yahoo! Finance / SEC filings|
What is Tesla, Inc.?
Tesla is an electric automobile manufacturing company based in the United States. The company’s goal is to replace traditional gas-consuming vehicles with electric vehicles to save Earth from any potential harm.
Where is Tesla, Inc. headquarters located?
The current major Tesla location (headquarters) are in Palo Alto, California. The exact address of their headquarters is 3500 Deer Creek Road, Palo Alto, California, United States. Besides headquarters, there are five other Tesla locations.
These factories are Tesla Fremont Factory (Fremont, California), Tesla Facilities in Tilburg (Tilburg, Netherlands), Giga Nevada (Storey County, Nevada), Giga New York (Buffalo, New York), Giga Shanghai (Shanghai, China).
Also, there are 12 corporate offices of Tesla in different countries.
How do I contact Tesla, Inc. corporate?
You can contact Tesla, Inc. corporate by sending an email or making a phone call. Their phone numbers are given below.
+1 (781) 575 4238
+1 (800) 662 7232
However, if you want to contact them by using email, then you could send an email to this ([email protected]) address.
Does Tesla, Inc. have chat support?
Yes, Tesla does have chat support. Their chat support is available from 8 am to 3 pm. You can clear any queries regarding their cars by using this chat support. By using this link, you can visit their chat support webpage.
Tesla, Inc. History
A group of aspirant engineers got an idea to create an automobile company that specially focuses on electric vehicles. This group included Martin Eberhard, JB Straubel, Marc Tarpenning, and Ian Wright. Eberhard wanted to create an automobile company that also incorporates modern technology to revolutionize the overall experience of driving. The company got its tangible shape on July 1st, 2003 under the name “Tesla Motors”.
In 2004, the founders of Tesla were looking for seed-level funding and were in search of investors. So, they met Elon Musk. Elon Musk invested around $6.5 million in Tesla and became the chairman of the board of directors. He was, at that time, the largest shareholder of the company. So, technically Elon is not the co-founder of Tesla but a lawsuit of 2009 allowed him to call himself the co-founder. Elon also appointed Martin Eberhard as the CEO of Tesla Motors.
On 29th June 2010, Tesla offered its initial public offering at the price of $17 per share. Tesla was registered on the NASDAQ stock exchange. By this IPO, the company raised $226 million by selling around 13.3 million shares.
Today, Tesla is the largest automobile company that produces electric vehicles and still, the company is growing like a weed. In 2010 (the year of IPO), its revenue was $117 million and in 2020, it is $31.5 billion. The day will not take much time to arrive when Tesla will monopolize the automobile market.
Tesla, Inc. Company Profile
Tesla is an automobile manufacturing company based and founded in the United States. The company mainly focuses on producing a vehicle that does not produce harmful gases to preserve the environment. Tesla manufactures electric vehicles to avoid these gases. They have launched several electric vehicles. Tesla cars are famous for being exquisite, having great built-quality, modern designs, and some other unique functionality like self-driving.
Tesla grew a lot in the past two years and you can imagine this by looking at the growth of its stock. Currently, the stock of Tesla fluctuates around $750 and is expected to grow with time. Tesla aims to modernize the concept automobile and they are expecting this transformation in near future.
The company has a lot of potentials and the leading team is highly motivated to build the future of automobiles.
Tesla CEO and key executive team
|Elon Musk||Chairman, Product Architect, and CEO|
|Robyn M. Denholm||Director|
|Hiro Mizuno||Independent Director|
|Antonio J. Gracias||Independent Director|
|Drew Baglino||SVP, Power Train and Energy Engineering|
|Jerome Guillen||President, Heavy Duty Trucking|
|James Murdoch||Independent Director|
|Vaibhav Taneja||Chief Accounting Officer|
|Lars Moravy||Vice President, Vehicle Engineering|
What makes Tesla, Inc. successful?
Tesla is an automobile manufacturing company in the USA but it is very different from other automobile companies in lot ways but the most significant thing which distinguishes it from other companies is that Tesla only produces electric vehicles.
The motive of this company when it was founded was to prevent people from using fuel cars to avoid the greenhouse effect as much as possible. Also, the usage of artificial intelligence and machine learning in their cars makes them unique and successful.
Another thing that makes Tesla successful is that it was not founded to make profits rather, the founders were inspired to save Earth from potential dangers.
That is why the company is one of the most reputable companies in the United States. In a nutshell, we can say that innovation, proper marketing, and premium models made Tesla this big.
How Does Tesla, Inc. Make Money?
The revenue of Tesla in 2020 was around $31.5 billion. The majority of the revenue of Tesla comes from the selling of electric vehicles but surprisingly, it is not the only source of income for Tesla. A lot of revenue of Tesla comes from its side income sources.
One of the major side income sources for Tesla from which it makes some hundred million is by selling emissions credits.
Tesla also sells energy generation and storage devices like solar panels, power walls, batteries. Tesla made around $500 million in sales by selling these devices.
An unexpected source of income for Tesla is cryptocurrency. It made a couple of million dollars from cryptocurrency trading in recent years.
Top Companies Owned by Tesla
Tesla was founded as a single company but with time it acquired some other companies. In this section, we will be discussing those companies.
SolarCity was founded by two brothers Lyndon Rive and Peter Rive in 2006. They are cousins of Elon Musk. Elon Musk helped the company in the initial stages and he was at that time, chairman of SolarCity. SolarCity was founded to produce electrical energy without using non-renewable energy sources on Earth.
In 2016, SolarCity was acquired by the CEO of Tesla; Elon Musk.
2. Maxwell Technologies
Maxwell Technologies is an American energy storage company founded in 1965 in California with the name Maxwell Laboratories. The company became public in 1983 and then its name was changed to Maxwell technologies.
It specializes in manufacturing capacitors and power delivery devices. It was acquired by Tesla, Inc. in 2019 at the price of $200 million.
3. Perbix Machine
Perbix Machine was founded in 1976. It worked for three years as a supplier of manufacturing equipment with Tesla, Inc. Later, it was acquired by Tesla in 2017 at the estimated price of $10 million. However, the actual acquisition price has not been disclosed.
This acquisition allowed Tesla to produce in-house manufacturing materials.
4. Hibar Systems
Hibar Systems was founded in 1974 in Canada by Heinz Barall. The company specializes in producing automated liquid dispensing and filling systems. Tesla did not explicitly announce the acquisition of Hibar Systems and that is why the acquisition price is also not disclosed publicly. Hibar Systems is now defunct.
5. Grohmann Automation
Grohmann Automation is a German engineering company founded in 1963. The company specialized in designing and producing manufacturing systems. Tesla acquired Grohmann Automation in 2017 at the price of $135 million.
Due to this acquisition, Tesla can make its manufacturing procedure more efficient.
Top 5 biggest Tesla, Inc. competitors or Alternatives
1. General Motors
General Motors is one of the most famous and largest automobile manufacturing companies founded and based in the United States. General Motors is included in the list of the three largest automobile manufacturers in the USA. In terms of revenue, Tesla is nothing in comparison with General Motors.
The revenue of General Motors in 2020 was around $122 billion and of Tesla was $31 billion. But in terms of customer satisfaction and experience, Tesla is the winner. Also, General Motors does not produce as many electric cars as Tesla does.
2. Volkswagen Group
Who is not aware of Volkswagen Group. Volkswagen is a German vehicle manufacturer company founded in Berlin in 1937. Like General Motors, Volkswagen Group is also a gigantic automobile company and is far above Tesla in revenue and annual sales.
The total assets of the company are around 500 billion euros as of 2020. Considering the annual revenue of the company and its assets, we can say that Volkswagen Group is greater as compared to General Motors. Their revenue in 2020 was around 222 billion euros.
3. Bayerische Motoren Werke AG
Bayerische Motoren Werke AG, commonly known as BMW, is also a German automobile company founded in 1916. Their revenue in 2020 was 100 billion euros. BMW focuses more on electric vehicles as compared to other companies and that is why there is strict competition between Tesla and BMW.
It’s hard to say that which company produces the best electric vehicles but in the matter of price, BMW cars are very cheap than Tesla models.
Toyota is another great name in the automobile market. It is a Japanese company founded in 1937. Toyota motors are considered the world’s largest automobile manufacturer. Toyota is also known for producing cheap electric vehicles.
Their electric vehicles start from around $30000 which is less than the price of the Tesla Model 3 (The cheapest model). Both companies are competing in producing cheap electric cars but Toyota is ahead of Tesla.
5. Ford Motors
Ford Motors is also an American vehicle manufacturing company founded in Michigan by Henry Ford in 1903. Ford is also not very specific in electric cars. They produce a very minute number of electric car models. The company aims to beat all Tesla models with their Mustang Mach-E.
So, there is a rivalry between Ford Motors and Tesla, Inc. Both of the companies are trying to monopolize the electric vehicle market. Although Ford is a larger company regarding electric cars, Tesla beats every other company.
Five Fun Facts About Tesla Electric Cars:
Tesla is an interesting company because of its unique approach to the automobile market. So, we are going to discuss five interesting fun facts about Tesla cars.
- Highest speed record:
Generally, electric cars are faster as compared to normal gas cars because electric engines are very simple in their structure than combustion engines. An interesting fact about Tesla is that the fastest electric car in the world is Tesla Roadster 2020.
Tesla Roadster can attain a speed of 100 kilometers per hour in only 1.9 seconds. Also, the highest speed of this car was witnessed at 400 kilometers per hour which is a little bit less than an airplane. It got a world record for this mind-blowing performance.
Another great achievement of Tesla is that its vehicles are considered the safest vehicles on the planet. Especially, Model S and Model X are known for their unimagined safety functionality, and also, they got world record from National Highway Traffic Safety Administration. These cars have tons of advanced safety features which other electric vehicles do not have like automatic braking systems, lane departure avoidance, and collision warnings etcetera. Tesla cars have self-driving features in them. This should make their cars more vulnerable but in reality, these cars are very safe.
- Replacement of parts:
Most electric car owners face issues regarding the replacement of spare parts. Normally, the availability of spare parts of electric cars is very rare and in this case, they are not rare, they are very expensive. But this is not a problem with Tesla cars. Tesla claims that their cars do not need regular replacement and maintenance. This is one of the reasons why most people prefer Tesla models instead of any other company.
- Open source patents:
We know that Tesla, Inc. was not founded to earn profits rather, the founders had a goal to make the world a better place by decreasing the amounts of carbon monoxide, carbon dioxide, and other harmful gases which are produced while combustion of fossil fuels. So, the patents of all of the cars of Tesla are open source and anyone can use them to manufacture vehicles.
- Largest dashboard:
Another interesting fact about Tesla is that their cars have large dashboards and infotainment systems. Tesla cars are famous for having such a large display screen and dashboard. Their infotainment system is large because there are zero buttons to control the functionality of the car and all of the features are operated through the screen.
Is Tesla stock a good buy when considering long-term investments?
We know that Tesla is still developing and growing and is not a stable company. Most of the people will see the trend that its stock grew from around $80 to $700 in one year and consider buying its stock in bulk quantities. This growth motivates all of us to invest in the company but the fact is that any stock which rises with this pace, also shrinks in a short period.
Although, a lot of people have made fortunes from Tesla stock because it gave around 700% return in the last year which is a lot. But any investor will not recommend buying Tesla stock on a short-term basis.
However, if you are looking for a stock to buy and hold for a long period, then buying Tesla stock will make sense. Tesla, Inc. has some huge goals on their list, they want to change the planet. If Tesla accomplishes those goals, then its growth will be inevitable. So, anyone who is considering a long-term investment in stocks should buy Tesla stocks.
One thing you should keep in mind is that some of the most experienced investors suggest not to play with this stock because it is very unpredictable.
1. When did Tesla, Inc. go public?
Tesla, Inc. became public after a long time of its formation. On 29th June 2010, Tesla, Inc. started its initial public offering. It is registered on the NASDAQ stock exchange. The initial stock price was $17 and around 13 million shares were sold at that time. The stock symbol of Tesla, Inc. is TSLA.
2. Does Tesla, Inc. pay dividends?
As we previously discussed that Tesla is still growing speedily and these types of companies usually do not pay dividends because they want to invest in the company as much as they can. So, Tesla, Inc. does not pay any dividends.
3. Who is the auditor of Tesla, Inc.?
The auditor of Tesla is Pricewaterhouse Coopers LLP. It is a multinational professional service provider company founded and based in the United Kingdom.
4. How much does Tesla, Inc. spend on R&D?
We already know that Tesla does not work like typical automobile companies and is trying to modernize the concept of vehicles. So, they have to do a lot of research. That is why Tesla spends around $1.1 billion on research and development.
5. What is special about Tesla, Inc.?
There are a lot of special things about Tesla, Inc. but the most famous one is that Tesla, unlike other automobile companies, does not manufacture any type of fuel or gas-consuming vehicle. All of their models are operated on electric energy.
6. Who makes tesla batteries?
Most of the spare parts used in Tesla cars are made by Tesla, Inc. but surprisingly, the most important part of their cars, their batteries are not produced by Tesla, Inc. Rather, the majority of the batteries used in their cars are manufactured by Panasonic.
7. Which tesla is the best?
There is no one answer to this question. Simply, it depends. If someone is looking for an inexpensive option, then Model 3 is a perfect choice. Model 3 is so far the best-selling model of Tesla; thanks to its pricing. But if the premium experience is your requirement, then Model S or upper range models are best.
8. How many Tesla offices are there?
Tesla, Inc. is a gigantic company and is trying to expand to various countries and regions. They have a huge number of offices throughout the world. As of 2021, the total number of retail stores of Tesla is 598. In terms of office locations, there are 12 Tesla locations spread in 9 countries.
You may have noticed a trend that Tesla, Inc. is a very small vehicle manufacturing company and most of the companies have already capitalized on the market. This is because Tesla is not as old as other companies. Most of the automobile companies were founded during the industrial revolution in the United States. But Tesla was founded in 2003.
The coming time will be very great for Tesla as most of the public is moving towards electric vehicles and Tesla is already a leader in the electric vehicle industry.
In a matter of a decade, Tesla will be included in the list of largest automobile companies in the United States.