Tesla Inc., which was formerly known as Tesla Motors, was founded in the year 2003 and it is an American Multinational corporation which has its headquarters in Palo Alto, California. This company specializes in the electric vehicles, energy storage lithium ion battery and also the solar panel manufacturing and this is mainly through the subsidiary company that is known as SolarCity. Tesla is currently selling the Model S, Model X and Model 3. Keep on reading to learn more on the net worth and earnings of Tesla in 2020.
Tesla Inc. is a company that began in 2003, and it was later assimilated in the year 2003 through Martin Eberhard and Marc Tarpenning, people who sponsored this company till Series A round of the capital. In the beginning, it was created by Tesla Motors before changing its name to Tesla Inc. It has been known that the founders of this company were motivated to start this company when the GM recollected all of its EV1 electric cars.
All this happened in the year 2003 as well as the demolishing of them later. Two males were able to perform various roles in the initial development of this company before and after the Elon Musk engagement together with former CEO of Tesla, Eberhard till his resignation in the year 2007. Later on, that was when Eberhard accepted the title ‘President of Technology.’
The founders had found an inspiration to initiate company when GM demolished and also evoked EV1 electric cars during the year 2003. This company began through sports car intended at the initial adopters that got to be followed through the majority as well as the mass market automobiles.
All this was intending to facilitate the production of the electric automobiles. Model S of this company was able to record the best-selling plug-in an electric car of the world during the years 2016 and 2015. The company sales globally hit a high 150,000 in the year 2016.
In 2015, that was when this company launched Model X which is known as Crossover SUV. The company runs many manufacturers and also assembly factories and remarkably the Gigafactory 1 around Reno. This company is located in Nevada, and its major vehicle engineering is in the Tesla Factory inside the Fremont in California.
Also, this factory also manufactures batteries and battery packets for the Tesla Automobiles and also the energy storage products. Apart from the cars, this company also manufactures Powerpack batteries, Solar Panels, and Solar Roof Tiles. In 2017, the Consumer Reports is entitled Tesla as the topmost American based car brand.
Among the biggest achievements of this company includes being awarded in the year 2013 as ‘World Green Car’ and ‘Car of the Year’ in the Automobile Magazines in 2013. In the year 2012, that was the time when it was awarded Time Magazine Best 25 Inventions
Net Worth & Earnings
The net worth of Tesla is estimated to be over $50 billion. This company generates his fortune from manufacturing cars from the company in the United States of America. It manufactures some of the most significant valuable cars in the world. Among the best models that they have manufactured includes Model X and Model S. It has reported that it has been able to sell over 25,000 model S and Model X.
Tesla has become one of the best automobiles companies that are found very useful to the customers, and it focuses on the Lithium-ion energy battery storage. This company continues to get higher ranks in the category of automobile production worldwide. Their innovation has made them become among the best in the industry.