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Founding and Early Years:
2003: Tesla Motors founded by Martin Eberhard and Marc Tarpenning.
2004: Elon Musk leads $7.5 million Series A funding, joins as Chairman.
2008:
First product, Tesla Roadster (all-electric sports car), delivered.
Musk becomes CEO, replaces Eberhard.
IPO and Expansion:
2010: Tesla goes public (NASDAQ: TSLA) at $17 per share, first U.S. carmaker IPO since Ford (1956).
2012:
Model S sedan launched, wins Motor Trend Car of the Year.
Supercharger network introduced.
2013: First profitable quarter (Q1), revenue $562 million.
Growth and Product Line Expansion:
2015:
Model X SUV unveiled.
Powerwall and Powerpack energy storage products launched.
2016:
Acquires SolarCity for $2.6 billion, expanding into solar energy.
Model 3 announced (starting at $35,000); receives 400,000+ pre-orders.
2017: Model 3 deliveries begin; production challenges (“production hell”).
Financial Milestones and Market Impact:
2018:
SEC lawsuit over Musk’s “funding secured” tweet; settlement includes $40M fines and Musk stepping down as Chairman.
Gigafactory 3 (Shanghai) construction begins.
2020:
First full-year profit ($721M net income), enters S&P 500.
5-for-1 stock split; shares surge ~740% YTD.
Market cap exceeds $600B, surpassing major automakers.
2021: Market cap briefly tops $1 trillion.
Global Expansion and Innovation:
2019: Shanghai Gigafactory operational; Model Y unveiled.
2022:
Gigafactories in Berlin and Texas open.
3-for-1 stock split.
Revenue reaches $81.5B, up 51% YoY.
2023: Cybertruck deliveries begin; FSD Beta expands.
Key Figures (2022):
Revenue: $81.5 billion.
Net Income: $12.6 billion.
Vehicle Deliveries: 1.31 million.
Market Cap (2023): ~$800 billion (fluctuates with market conditions).
Challenges and Controversies:
Production delays (Model 3, Cybertruck).
Autopilot/FSD safety scrutiny.
Labor disputes and factory conditions.
Legacy: Revolutionized EV adoption, renewable energy integration, and autonomous driving tech, positioning Tesla as a leader in sustainable transportation.
Read Also; Apple Inc: Historical Data
