Tesla Motors, Inc is an automobile company, which was established in the year 2003. The company headquarters is located at Palo Alto, California, in the United States. The company specializes in the design, manufacture, and sale of electric cars and electric vehicle power train components. The Tesla Motors, Inc is presently listed in the National Association of Securities Dealers Automated Quotations. Apart from private investors the Toyota Group, which has a 10% stake in the company and the Daimler Ag, which has a 4.7% stake in the company, also own the company.
One of the most revered products produced by the company is the Tesla Roadster, which was the first fully electric sports car that it produced, followed by the Model S, which is a fully electric luxury sedan. Additionally, the company is also revered for the production of electric power train components such as the lithium-ion battery packs that are normally sold to other automakers such as the Toyota Motor Company and the Daimler Motor Company, which is the manufacturer of the Mercedes Benz brands.
It is noted that despite being in operation since the year 2003, the company was only able to post its first profits, which was $11.2 million US dollars in the first quarter of 2013. According to the company’s Chief Executive Officer, its plan for the future is to become an independent automaker. with the capability