Tesla Motors And Its Impact On The World s Transition Essay

Tesla Motors was founded in 2003 by a group of engineers in Silicon Valley who wanted to prove that electric cars could be better than gasoline-powered cars. The founders are JB Straubel, Martin Eberhand, Ian Wright, Elon Musk, and Marc Tarpenning. Tesla Motors is headquartered in Palo Alto, California in the United States and serves electric vehicles worldwide. Revenue of $4.05B, Operating income of $-716.6M, Net income of $-888.7M, Total assets of $2.68B, and total equity of $2.68B. Tesla’s mission is to accelerate the world’s transition to sustainable energy. Tesla first designed a powertrain for a sports car built around an AC induction motor, patented in 1888 by Nikola Tesla. After years of correcting the system and making sure that electric vehicles are safe on the road, tesla announced the making of Tesla Roadster that was launched in 2008. Accelerating from 0 to 60 mph in 3.7 seconds and achieving range of 245 miles per charge of its lithium ion battery. Electric motors generate maximum torque at 0 mph; while gasoline powered engines generate torque at higher speeds. This sets forth the evolution for electric vehicles and ought to be the most driven cars in the future. In 2012, Tesla launched model S, the world’s first premium electric sedan. Model S is designed from the ground up to be 100 percent electric and the safest, most exhilarating sedan on the road. Model S comes with autopilot capabilities designed to make your highway driving not only safer, but stressShow MoreRelatedBackground Information On Tesla Motors1428 Words   |  6 PagesInformation on Tesla Motors Tesla Motors was incorporated in July 2003 by Martin Eberhard and Marc Tarpenning, who financed the company until the Series A round of funding. Both men played active roles in the company s early development prior to Elon Musk s involvement. Tesla was founded in 2003 by engineers who had a mission to change the way the we thought of cars, and to convince our world that we can produce an electric car better than gasoline powered cars. In 1888 Nikola Tesla invented theRead MoreTesla Motor : Sustainable Development1441 Words   |  6 PagesMarket Society 12/December/2014 Tesla Motor--Sustainable Industry The world is calling to the urgency of making progress toward economic development that could be sustained without depleting natural resources or harming the environment. â€Å"The term sustainable development means different things to different people. But, in essence, it is concerned with meeting the needs of people today without compromising the ability of future generations to meet their own needs† (World Business Council for SustainableRead MoreTesla Motors, Inc. Essay1614 Words   |  7 PagesAs a young automotive company, Tesla Motors, Inc. exhibits a list of strengths that has made the company successful with manufacturing and selling of their luxury electric vehicles (Eisler, 2016, p. 35). Tesla Motors, Inc. has a technological advantage in the battery market industry with their partnership with Panasonic. Panasonic and Tesla collaborated in the development of the Gigafactory, which â€Å"is designed to churn out cells for battery electric vehicles (BEVs) with a combined energy storageRead MoreTesla s Concept Of Innovation1105 Words   |  5 Pagesdiscuss Tesla, a company committed to more than being an automaker as it is also a technology and design company with a concentration on energy innovation. Tesla’s concept of innovation and goals can come to relate to global business. For example, the innovation and entrepreneurship of Tesla and its CEO Elon Musk are the types of attributes that contribute to economic growth. Tesla specifically is increasing economic activity by increasing growth by creating new products and markets. Tesla needs andRead MoreRadical Innovators And Disruptive Entrepreneurs Have Historically Been The Biggest Drivers Of Societal Advancement1646 Words   |  7 Pagesentrepreneur Elon Musk has and is changing the world. Central Idea: Elon Musk’s incredibly successful ventures including Tesla and PayPal have already shaped history and changed the fields of transportation, space exploration, and sustainable energy, and will continue to do so. Introduction: I. Radical innovators and disruptive entrepreneurs have historically been the biggest drivers of societal advancement and have been responsible for shaping the world. Henry Ford did it in 1908 with the Ford ModelRead MorePaper7261 Words   |  30 PagesTesla Motors Strategic Analysis Report Industry, Company Analysis and Recommendations on Accelerating Transition to a Solar-Electric Economy By Candela Dà ­az, Michelle Ikoma, Benton Moss, John Son, David Valenstein Introduction The United States automobile industry is one characterized by incumbent behemoth corporations whose distribution channels span the world. Companies like Toyota, General Motors, and Volkswagen form entire segments of their respective countries’ economies and have dominatedRead MoreGoing Green - Tesla Motor Sports3048 Words   |  13 Pages| Rashanna Etenburn | BUSI 510 – Managerial Economics | | Executive Summary Tesla Motors is among the top 25 companies â€Å"going green† for our economy. Tesla motors is a venture aimed at proving that cars can be environmentally friendly, without giving up the speed and power, purchasers love. The cost of running this amazing, green driving machine is a mere 2 cents per mile. (Ryan, 2008) Tesla Motors is a company looking to produce a high-performance electric sports car, and is backed byRead MoreTesla, A Visionary Leader Of Elon Musk Essay1622 Words   |  7 PagesExecutive Summary Tesla is a one of kind innovative organization with a truly visionary leader in Elon Musk. However, after extensive research, Tesla is found to lack the stability and management style that an industry leading company would normally posess that will continue to grow and thrive in the future. Sustainable growth and profit for shareholders will be necessary to continue to innovate and â€Å"to accelerate the world’s transition to sustainable energy.† Through more tactical managementRead MoreTesla and Gm Proposed Merger9214 Words   |  37 PagesRedlands Capstone Paper General Motors and Tesla Merger Juan Carrillo, Shane Cheek, Jeffrey Haynes, and Peter Delacruz February 23, 2013 Dear Fellow Shareholders: A meeting of Shareholders is scheduled for Saturday, February 23, 2013. Enclosed is a copy of our proxy statement. At this meeting of shareholders, the Board of Directors will be seeking approval to acquire Tesla Motors. The Board of Directors believes that this merger will provide General Motors revenue, growth, and competitiveRead MoreThe Development And Usefulness Of The Electric Car1224 Words   |  5 PagesEvery year the US spends billions of dollars on the oil industry which is an immense contribution to our massive debt. The oil industry also contributes to many of the problems that the world has with global warming and drastic climate change. If the United States became a country that only used electric cars, the world would be a much more pure, safe, stable place to live in. As America continues to drown itself in an overwhelming amount of debt, the electric car is an invention that could decrease