Tesla Motors Inc. Essay

640 words - 3 pages

Every business and company in this world has started from the bottom and worked there way up in some certain way. Starting up a business or company comes with big risks. These entreprenuers risk the possibility that the company will have lower than expected profits or will expereince loss rather than a profit. Martin Eberhard and his business partner Marc Tarpenning took that risk founding Tesla Motors Inc. As said by Thomas Jefferson, "With great risk comes great reward," and that is exactly what happened for Tesla Motors.
Tesla Motors Inc. is an American auto company based in Palo Alto, California. The name for the company comes from a Serbian inventor, Nikola Tesla, an engineer who created the induction motor and alternating-current power transmission. Eberhard and Tarpenning decided to name the company after Tesla because, "Without Tesla's vision and brilliance, our car wouldn't be possible" (Davies, 2013.) Founded in 2003, the company desings, manufactures and sells high-performance electric cars and electric vehicle powertrain components. During that time, starting up a business was risky. It was especially risky for Tesla because they had only created one model type of an electric car. With so many competitors like General Motors, Toyota, BMW, etc. it was make it or break it starting up on just one model. Tesla also took the risk of being the only innovator in their field producing the first luxury electric vehicle. Tesla's biggest risk was trying to get a foothold in the market as a brand new automobile manufacturer competing with the many established car companies.
Starting up a company, comes with big start up costs. Elon Musk, currently Tesla's CEO, was the cofounder of PayPal and made roughly $180 million. Musk first helped Tesla in 2004 with an investment of $6.3 million. Tesla's business plan consisted of three steps: to develop a cool and...

Find Another Essay On Tesla Motors Inc.

Creating a Market for Electric Cars

3221 words - 13 pages . (2013). Tesla motors' success gives electric car market a charge. Retrieved from http://news. nationalgeographic. com/news/energy/ 2013/05/130522-tesla-motors-success/ Gartner Inc. (2011, March 30). Gartner says electric vehicles face U.S. marketability challenge to achieve mainstream adoption. Retrieved from http://www.gartner.com/newsroom/id/1610814 Horn, M. (2010). Roadmap to the electric car economy. Futurist, 44(2), 40-45

electric car Essay

2450 words - 10 pages electric car machinery. From a article produced from the Chicago Tribune it states, “Tesla Motors Inc. said on Wednesday it plans to raise $1.6 billion from investors to finance a new battery factory that will help the upstart U.S. automaker reach its goal of producing a lower-priced, mass-market electric car by 2017”. The investments and technology are in place, given time gas powered vehicles will perceive an image of prehistoric. In the article it

Bringing Electricity to the Masses

2599 words - 10 pages in her book Tesla: Man out Of Time, during Edison and Tesla’s first encounter with one another; Tesla began to speak about his work on AC systems and motors, Edison was quoted as saying to him during a discussion on alternating Current “Spare me that nonsense. It’s dangerous. We’re set up for direct current in America. People like it, and it’s all I’ll ever fool with.” (53) Words he would later regret . Tesla would go on to work for Edison rival

Toyota Motor Corporation

1004 words - 4 pages topped 2 million worldwide, and Tesla Motors agreed with Toyota to join the Electric Vehicle (EV) development. (Toyota Motor Corporation, 2011) Mission and Purpose Toyota is an automobile manufacturer that has become one of the largest in the world (Datamonitor, 2010). They are “engaged in the design, manufacture, assembly and sale of passenger cars, minivans and trucks and related parts and accessories” (Datamonitor, 2010). Toyota’s mission

The Wide Possibilities of Nanotechnology

1319 words - 6 pages industry to reduce its worst impacts on the climate change. For instance, Tesla Motors announced its plans to build the world’s largest battery factory. The car company wants to reduce carbon emissions into the air since it wants to utilize green energy sources such as, solar and wind. Thus, the cars would be then fueled by clean energy (Spross). It shows that there is a possibility of reducing CO2 waste from the motor vehicles. The application

The Usefulness of Alternative Measures of Profit

1702 words - 7 pages . The following part examines potential differences in the information conveyed to investors in GAAP and non-GAAP statements. Furthermore, the report investigates how this measure may affect the profit measure and investment strategies. Appendix 1 and 2. illustrates a reconciliation of the GAAP and non-GAAP statements for Tesla Motors Inc. The non-GAAP financial measures exclude non-cash items such as stock-based compensation, the change in

Comparison of Supply Chain Management Practices

5906 words - 24 pages engines, extending an agreement to use battery packs produced by Tesla Motors Inc. in future hybrid cars. Previously, Toyota’s partnerships consisted of Toyota providing, or co-developing technologies, instead of receiving the component from another company (Ohnsman, Mukai, & Hagiwara, 2011). Toyota’s strategic alliance with BMW is aimed at gaining market share in the European market, where most cars run on diesel. In 2013, a new agreement was

Toyota Motor Credit Corporation

2811 words - 11 pages ventures, including those with General Motors, Peugeot, Ford and Tesla. In the future, Toyota may have a tremendous opportunity for growth by expanding its marketing to more areas in the southern hemisphere. New Zealand, for example, according to its business website, claims to be a “pioneer in using alternative fuels for transport… More recently New Zealand companies have developed automotive technologies including more fuel efficient internal

When the Bubble Burst

1539 words - 6 pages By the time I arrived state side from my second tour in the Middle East the housing bubble had already burst. I noticed a drastic change in the way that many of my friends and family were living. Several of my friends that worked in real estate had sold their boats and seconds houses. My own stock portfolio had lost a third of its value. My sister and her husband had defaulted on their home mortgage leaving them scrambling for a place to live. I

phase diagram

4456 words - 18 pages Introduction: Chemical equilibrium is a crucial topic in Chemistry. To represent and model equilibrium, the thermodynamic concept of Free energy is usually used. For a multi-component system the Gibbs free energy is a function of Pressure, Temperature and quantity (mass, moles) of each component. If one of these parameters is changed, a state change to a more energetically favorable state will occur. This state has the lowest free energy

Revolutionary Work of Art

1890 words - 8 pages Walter Benjamin emphasizes in his essay, “The Work of Art in the Age of its Technological Reproducibility” that technology used to make an artwork has changed the way it was received, and its “aura”. Aura represents the originality and authenticity of a work of art that has not been reproduced. The Sistine Chapel in the Vatican is an example of a work that has been and truly a beacon of art. It has brought a benefit and enlightenment to the art

Similar Essays

Tesla Motors Situation Analysis

834 words - 3 pages potentials to be the vanguard in emerging electric-based vehicles market , Tesla Motors needs to address challenges associated with strong competition, technological advancement and financing its operations. References: Peter Valdes-Dapena. (2013, May 9), Tesla : Consumer Reports' best car ever tested. CNNMony. Retrieved from http://money.cnn.com/2013/05/09/autos/tesla-model-s-consumer-reports/ TSLA Ratios.(n.d). Investing.com. Retrieved from http://www.investing.com/equities/tesla-motors-ratios Tesla Motors, Inc. (2013). Annual report. Retrieved from http://ir.teslamotors.com/secfiling.cfm?filingID=1193125-13-96241&CIK=1318605

The Rise Of Tesla Motors Essay

1420 words - 6 pages The car market has been ran by companies such as Volkswagen, Toyota, Ford, BMW, and many other companies, but one of the newer, up and coming companies in this market is Tesla Motors Inc. Tesla has been around for a little over 10 years, and have come quite a long way from where they began. Tesla now sells luxury electric vehicles different than any other electric vehicles today, and they have big plans for expansion in the future. Tesla may not

A Greener Tomorrow Essay

1421 words - 6 pages Patagonia & Tesla Motors Paving the Way for a Green Tomorrow Introduction This paper will discuss two leaders in their perspective industries that are embracing the future of a “green” economy. The two companies discussed are Patagonia Inc. and Tesla Motors. The paper will describe what each company specializes in and how they remain competitive with their non-green competitors. In addition the difference between how Patagonia and Tesla

Tesla Electric Cars: Leading The Way In Luxury, Performance And A Cleaner Future

787 words - 4 pages Tesla electric vehicles from Tesla Motors are gaining a reputation as the cars of the future. These models are not only known for their luxury features, acceleration, power, and nearly silent electric engines, but also for their green appeal. Individuals who can afford the hefty price tag are purchasing these vehicles because they are classy, fun to drive, and better for the environment than the standard gasoline car. Tesla Motors are leading