A lawsuit settlement agreed to by Eberhard and Tesla in September 2009 allows all five Eberhard Tarpenning Wright Musk and Straubel to call themselves co-founders. Tesla is one of the world’s most valuable companies in terms of market capitalization. Starting in July 2020 it has been the world’s most valuable automaker. From October 2021 to March 2022 Tesla was a US$1 trillion company the sixth US company to reach that valuation. In 2023 the company was ranked 69th in the Forbes Global 2000. In 2024 the company led the battery electric vehicle market with 17.6% share.
The company was incorporated in July 2003 by Martin Eberhard and Marc Tarpenning as Tesla Motors. Its name is a tribute to the inventor and electrical engineer Nikola Tesla. In February 2004 Elon Musk led Tesla’s first funding round and became the company’s chairman subsequently claiming to be a co-founded in 2008 he was named chief executive officer. The company began production of its first car model the Roadster sports car in 2008 the Model S sedan in 2012 the Model X SUV in 2015 the Model 3 sedan in 2017 the Model Y crossover in 2020 the Tesla Semi truck in 2022 and the Cyber truck pickup truck in 2023.
2003-2004 :-
The company was incorporated as Tesla Motors on 1 july 2003 by Martin Eberhard and Marc Tarpenning. They served as chief executive officer and chief financial officer respectively. Eberhard said that he wanted to build “a car manufacturer that is also a technology company” with its core technologies as “the battery the computer software and the proprietary motor”.
A lawsuit settlement agreed to by Eberhard and Tesla in September 2009 allows all five – Eberhard Tarpenning Wright Musk and Straubel to call themselves co-founders.
2005-2009 :-
In February 2005 Musk led Tesla’s Series B venture capital funding round of $13 million. Google co-founders Sergey Brin and Larry Page and former eBay president Jeff Skoll. A fourth round worth $45 million in May 2007 brought the total private financing investment to over $105 million.
IPO, Model S :-
The Model S is a full-size car sedan with a lift back body style and a dual motor all-wheel drive layout. Development of the Model S began before 2007 and deliveries started in June 2012. The Model S has seen two major design refreshes first in April 2016 which introduced a new front-end design and again in June 2021 which revised the interior. The Model S was the top-selling plug-in electric car worldwide in 2015 and 2016. More than 250000 vehicles have been sold as of December 2018 .
In October 2010, Tesla opened the Tesla Factory to start production of the Model S. In January 2012 Tesla ceased production of the Roadster and in June 2012 the company launched its second car the Model S luxury sedan. The Model S won several automotive awards during 2012 and 2013 including the 2013 Motor Trend Car of the Year and became the first electric car to top the monthly sales ranking of a country when it topped the Norwegian new car sales list in September 2013. The Model S was also the best-selling plug-in electric car worldwide for the years 2015 and 2016.
Solar :-
Tesla unveiled its first mass-market vehicle in April 201 the Model 3 sedan. The Model 3 was less expensive than Tesla’s previous three vehicles and within a week the company received over 325000 paid reservations. To speed up production and control costs Tesla invested heavily in robotics and automation to assemble the Model 3 but the robotics actually slowed the production of the vehicles. This led to significant delays and production problems a period which the company described as “production hell”. By the end of 2018 the production problems had been overcome and the Model 3 became the world’s best-selling electric car from 2018 to 2021.
Model Y :-
The Model Y is a mid-size crossover SUV offered in 5- and 7-passenger configurations with a single‐motor rear-wheel drive or a dual-motor all-wheel drive layout. The vehicle was designed to be more affordable than the luxury Model X SUV. A prototype Model Y was first shown in March 2019 and deliveries started in March 2020. The Model Y shared around 75 percent of its content with the Model 3. In the first quarter of 2023 the Model Y outsold the Toyota Corolla to become the world’s best-selling car the first electric vehicle to claim the title.
Tesla’s latest cylindrical cell design is the 4680-type introduced in 2021. The battery was developed in-house by Tesla and is physically 5 times bigger than the 2170-type again allowing for a higher capacity per cell and a lower number of cells per battery pack. Currently Tesla builds the 4680 cells itself and has not disclosed the cathode chemistry though several independent analyses have indicated that it utilizes a nickel-manganese-cobalt chemistry. The company has already opened production lines in Fremont California and plans to open lines inside Giga factory Nevada and Giga factory Texas. The 4680 cells are used in the Model Y and Cyber truck built at Giga factory Texas.
During this period Tesla invested heavily in expanding its production capacity opening three new Giga factories in quick succession. Construction of Giga factory Shanghai started in January 2019 as the first automobile factory in China fully owned by a foreign company. The factory’s first production vehicle a Model 3 rolled out in December less than one year after ground breaking. Giga factory Berlin broke ground in February 2020 and its production of the Model Y began in March 2022. Giga factory Texas broke ground in June 2020 and its production of the Model Y began in April 2022. In March 2023 Tesla announced plans for a Giga factory Mexico to open in 2025 but its ground breaking has been delayed.
In yarly 2021 Tesla became a major investor in bitcoin acquiring $1.5 billion of the cryptocurrency and on 24 march 2021 the company started accepting bitcoin as a form of payment for US vehicle purchases. after 49 days the company ended bitcoin payments over concerns that the production of bitcoin was contributing to the consumption of fossil fuels against the company’s mission of encouraging the transition to sustainable energy.
After the announcement the price of bitcoin dropped around 12%. Musk later noted that Tesla would resume bitcoin payments if there was confirmation of at least 50% clean energy usage by bitcoin miners. Despite later reaching this milestone Tesla did not return to accepting bitcoin. By July 2022 Tesla had sold about 75% of its bitcoin holdings at a loss citing that the cryptocurrency was hurting the company’s profitability.
Cyber Truck :-
The Cyber Truck Manufacturing are in 2019 But Come To Covid-19 About To Cyber truck Are delay. Tesla initially planned for Cybertruck production capacity of more than 250,000 units but as of 2025 the company is only selling around 20,000 units per year.
Cyber Crab :-
The Cyber crab car is the very easy drive and smoothlu car this are battery car and two seater car. This release are before 2027.