A year later Elon Musk invested in the company and became Chairman. Musk made Tesla’s long-term vision to produce affordable electric vehicles available for the public.
In 2009 the company received a $465 million USD loan from the United States Department of Energy - as part of the Advanced Technology Vehicles Manufacturing Loan Program.
The company is named after the physicist and electrical engineer Nikola Tesla (1856-1943), a Serbian American who arrived in the US in 1884 to work for Thomas Edison.
Among his many inventions (he had more than 700 patents) are the alternating-current power transmission and the induction motor.
Tesla Motors says that without Nikola Tesla’s brilliance and vision, their car today would not be possible.
Tesla creates electric cars and electric powertrains, in additon to electric powertrain components, such as lithium-ion battery packs.
Tesla Motors Inc. – Company Overview
- Chairman and CEO: Elon Musk
- CTO: JB Straubel
- Industry: Automotive
- Type: Public company
- Listed on NASDAQ
- NASDAQ stock symbol: TSLA
- Founded: 2003
- Founders: Elon Musk, Martin Eberhard, Marc Tarpenning, JB Straubel, and Ian Wright
- Sales: $1.9 billion USD (2013)
- Revenues: $2.0 billion USD (2013)
- Total assets: $2.4 billion uSD (2013)
- Earning per share: (2013)
- Company head office: Palo Alto, California, USA
- Employees: 6,000 (2014)
- Website: http://www.teslamotors.com/
Tesla Motors Inc. – Financial Results
|Key figures (in thousands of USD except for share data)||2013||2012|
|Research and development||$231,976||$273,978|
|Loss from operations||($61,283)||($394,283)|
|Cash and cash equivalents||$845,889||$795,116|
|Net loss per share – basic and diluted (USD)||($0.62)||($3.69)|
Source: 2013 Annual Tesla Motors Report
Tesla Motors Inc. – Live Stock Market Data
News about Tesla Motors Inc. reported by our Market Business News team:
August 1, 2014: Sales for Q2 2014 beat forecasts, but profit, revenue and earnings disappointed. Tesla sold a total of 7,579 Model S electric sedans in the second quarter versus 5,150 in the same quarter last year. The company says it expected to meet its 35,000 vehicle target for the whole of 2014. The electric carmaker made a $60 million loss (50 cents per share) on $768.4 million in revenue. A deal has been reached with Panasonic to build a large-scale battery factory in the US, the Gigafactory.