Tesla Motor is an American car company that was establish in July 1, 2003, in which they design electrical cars and all components related to it. The name is inspire by Nikola Tesla, an inventor in 1888. Elon Reeve Musk is the CEO of Tesla Motor, but he is also known as the CEO of SpaceX and the inventor or PayPal. Tesla produces its vehicle in a factory in Fremont, California but has other factories in specialized production. As of November 17, 2015, at 2:54 P.M. EST, NASDAQ has listed the price of their stocks is at $213.61. In 2013, 2014 and 2015, it has earn $2,103 million, $3,198 million, and $2,831 million respectably (NASDAQ.com). Their vision is "Our long term plan is to build a wide range of models, including affordably priced family
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Tesla Motors required people to buy their high end, expensive cars to generate revenue. If Elon Musk started selling affordable electrical cars instead of the higher end cars, Tesla stock will be a “penny stock now” (Profit Confidential). Tesla needed to generated a lot of money before making more affordable cars. Instead of just selling cars, Tesla was able to sell their hope and dreams of having a greener future which a lot of people jump on board. Many people invested in their stocks, many people and companies supported their ideas, and banks trusted and loan money to them for future …show more content…
In recent reports, Teslas factory in California has slowly had an overhaul at their facilities. Tesla bought state of the art robots that help speed up production of their vehicles. It went from 25,000 vehicles annually to more then 100,000 vehicles annually(teslamotors.com). Tesla has also incorporated new technology with their own into a new battery which has made them more efficient (300 miles a charge), faster to recharge, less money to make, and overall safer the environment when being made and dispose. (teslamotors.com) Technology also allows Tesla expand within their own facilities. They are able to paint, stamp, and created plastics within their own facilities which reduces price and cost from any outside company. Technology has given Tesla vehicles to operate more efficient and convenient in every state such as charging station and home charging station that is compatible with their cars.
Tesla Motors required people to buy their high end, expensive cars to generate revenue. If Elon Musk started selling affordable electrical cars instead of the higher end cars, Tesla stock will be a “penny stock now” (Profit Confidential). Tesla needed to generated a lot of money before making more affordable cars. Instead of just selling cars, Tesla was able to sell their hope and dreams of having a greener future which a lot of people jump on board. Many people invested in their stocks, many people and companies supported their ideas, and banks trusted and loan money to them for future …show more content…
In recent reports, Teslas factory in California has slowly had an overhaul at their facilities. Tesla bought state of the art robots that help speed up production of their vehicles. It went from 25,000 vehicles annually to more then 100,000 vehicles annually(teslamotors.com). Tesla has also incorporated new technology with their own into a new battery which has made them more efficient (300 miles a charge), faster to recharge, less money to make, and overall safer the environment when being made and dispose. (teslamotors.com) Technology also allows Tesla expand within their own facilities. They are able to paint, stamp, and created plastics within their own facilities which reduces price and cost from any outside company. Technology has given Tesla vehicles to operate more efficient and convenient in every state such as charging station and home charging station that is compatible with their cars.