Telsa is pivotal to the improvement of electric cars and batteries.
In addition to its own cars, Tesla sells electric powertrain systems to Daimler for the Smart EV, Mercedes B-Class Electric Drive and Mercedes A- Class and to Toyota for the RAV4 EV. Elon Musk was able to bring in both companies as long-term investors in Tesla.
Tesla Motors was incorporated in July 2003 by Martin Eberhard and Marc Tarpenning while Elon Musk Tesla's board of directors as its chairman in 2004. Musk took an active role within the company and oversaw Roadster product design at a detailed level, but was not deeply involved in day-to-day business operations.
Following the financial crisis in 2008 Musk assumed leadership of Tesla as CEO and product architect, positions he still holds today. Tesla Motors first built an electric sports car, the Tesla Roadster, with sales of about 2,500 vehicles to 31 countries. Tesla began delivery of its four-door Model S sedan on June 22, 2012. It unveiled its third product, the Model X, aimed at the SUV/minivan market, on February 9, 2012; the Model X launch was however delayed until September 2015.
Tesla is not mucking around as the priority is to make electric cars affordable and mainstream. Elon Musk is also hugely influential in improving solar technology.
Have a listen to the ABC RN program Late Night Live on Elon Musk: How the Billionaire CEO of SPACEX and TESLA is shaping our future.
Try about 11.40 mins where the author of a newly published biography on Musk talks about his motivations, and commitment to measures to mitigate climate change and facilitate the mass adoption of alternative technologies, including electric cars and solar energy by making them cheaper. He is hugely cashed up AND he’s deadly serious and massively bright.
It’s not like he’s heading up some hierarchical company which is inherently conservative, and fearful.
Exciting times.
ADO Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
