Tesla Motors, Inc.
Tesla Motors, Inc. (Tesla), incorporated on July 1, 2003, designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components. The company was founded by a group of Silicon Valley Engineers who saw an opportunity to mass-produce electric vehicles as substitutes for the ordinary gasoline powered vehicles. Tesla, which issued its IPO in 2010, became the second listed American motor company after Ford, which went public in 1956.Tesla owns its sales and service network. The Company is engaged in commercially producing a federally- compliant electric vehicle, the Tesla Roadster. Addition to developing its Model S, X and future vehicle manufacturing capabilities at the Tesla Factory, the Company is designing, developing and manufacturing lithium-ion battery packs, electric motors, gearboxes and components both for its vehicles and for its original equipment manufacturer customers. These activities occur at its electric powertrain manufacturing facility in Palo Alto, California and at the Tesla Factory. Tesla also markets electric powertrain components, including lithium-ion battery packs to automakers including Daimler and Toyota. The Company has provided development services and powertrain components to Daimler AG (Daimler) for its Smart fortwo and A-Class electric vehicles. The company also is ramping up supplies of components for investor Daimler AG (DAI)’s electric Mercedes B-Class car as it plans a battery “gigafactory” to cut lithium-ion cell costs by 30 percent. The Panasonic-Tesla agreement supplies Tesla with Panasonic’s lithium-ion battery cells to build more than 80,000 vehicles over the next four years.
The Tesla Roadster
Five years after its establishment, the company released the Tesla Roadster. The Tesla Roadster is the high-performance electric sports car. The Roadster was based on the Lotus Elise, a traditional British sports car, and modified to run on an all- electric drive system....
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