Tesla Motors Inc. – Company Information

Tesla Motors Inc. – Company Overview

tesla motors, inc. logo
Company Tesla Motors Inc.
Headquarters 3500 Deer Creek Rd, Palo Alto, CA 94304, USA
CEO Elon Musk
CFO Jason Wheeler
Industry Automotive
Type Public
Founder Elon Musk, Martin Eberhard, Marc Tarpenning, JB Straubel, and Ian Wright
Founded 2003
NASDAQ stock symbol TSLA
Revenue $4,046.025 million USD (2015)
Operating expenses $1,640.132 million USD (2015)
Net loss $(888.663) million USD (2015)
Employees 13,058 (2015)
Website https://www.teslamotors.com/
Contact number  (877) 798-3752

In July, 2003, Tesla Motors was founded by Martin Eberhard and Marc Tarpenning (who both initially financed the company).

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 addition to electric powertrain components, such as lithium-ion battery packs.

Tesla Motors Inc. – Financial Results

Key figures (in thousands of USD) 2015* 2014*
Revenues $4,046,025 $3,198,356
Cost of revenues $3,122,522 $2,316,685
Operating expenses $1,640,132 $1,068,360
Loss before income taxes $(875,624) $(284,636)
Net loss $(888,663) $(294,040)
Total assets $8,092,460 $5,830,667
Total liabilities $6,961,471 $4,860,761
Total stockholders’ equity $1,088,944 $911,710
Cash and cash equivalents at beginning of period $1,905,713 $845,889
Cash and cash equivalents at the end of period $1,196,908 $1,905,713

*Fiscal years ended December 31, 2015, and December 31, 2014

Source: Tesla Motors Inc. – 2015 Form 10-K

News about Tesla Motors Inc. reported by our Market Business News team

January 30, 2016: Tesla is reportedly working on an ‘affordable’ all-electric crossover

January 12, 2016: Tesla CEO Elon Musk calls Apple’s electric vehicle project an “open secret”

January 10, 2016: Tesla update 7.1 allows cars to drive to their owner’s location