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Nikola Tesla: The Greatest Inventor of All
Nikola Tesla: The Greatest Inventor of All
Nikola Tesla: The Greatest Inventor of All
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Two Line Description – The most exciting, and innovative company in the world right now. Tesla motors sells a slice of the future.
Named after the great Serbian inventor, Nikola Tesla, Tesla motors, was founded in 2003 by Martin Eberhard, and Marc Tarpenning. Elon Musk later joined the company, with his personal funds of 8 million $
The company produces beautiful sports electric vehicles. It is the second oldest publicly traded auto company in the United States, after Ford Motors. It is also the first successful auto start up since Chrysler, in the United States.
Tesla in its brief existence has a market capitalization of more than 33 US Billion Dollars, which is more than the market cap of Fiat, Mitsubishi, and Chrysler, combined.
Tesla
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Then they built the Model X, costing upwards of 80000 USD. Then came the Model S, which was its biggest hit,
In 2016, something remarkable happened. Within a week of its latest car's launch, it received almost 400000 pre-orders. That's around 13 Billion USD, of advance money, for a car, that had not been yet seen by anyone in the world, and that, which was going to be delivered only after 2 years. The biggest and the most spectacular launch of any product ever in the world.
Tesla is likened to Apple/Google of the automotive industry, with over the air updates to its car every three months, which means, a much older Tesla has the same features as a newer one. Remarkable!
It spends 0$ on advertising because it's all the time in the news. This kind of recognition can't be bought, it's earned. The reasons can range from getting labeled as the safest car ever, Model S with a rating of 99/100, by two of the biggest unbiased safety rating agencies, or just the fact that Tesla sells a slice of the future. Also, the fact that it's revolutionary inventor CEO Elon Musk does a lot of interviews, and he's working on a lot of cool and interesting projects. That's all the marketing he
Seeing a Ford Model T or A driving down the road is a snap shot of history of American motor vehicles. Henry Ford revolutionized the automobile industry and set the standard for manufacturing products on an assembly line. In 1903, Henry Ford opened Ford Motor Company with $28,000 and sold his first Model A to Dr. E. Pfenning, a physician from Chicago, Illinois (Ford Motor Company, 2013). Since that first vehicle, Ford Motor Company has gone on to sell over 300 million vehicles.
The First production of the Model T came out on October 1, 1908 at the Piquette Avenue Plant in Detroit. (www.hfmgv.org) At the time the Model T was going for a price around $850 and by the Twenties a newer model could be bought for at a price of $275.(Gordon) Although having a Model T, was a sign of wealth, it was awfully cheaper than other cars being manufactured by the other manufactures. The Model T was different from all other cars being made at the time because Ford found a way to make his car affordable. The Low Price of the Model T sent a boom around the nation. "Over the next 19 years, Ford would build 15,000,000 automobiles with the Model "T" engine, the longest run of any single model apart from the Volkswagen Beetle." (www.hfmgv.org) "In 1900 America produced 4,100 automobiles; in 1908, the year of the Model T's advent, the number had risen to 63,500; in 1909 it had nearly doubled, to 123,900. In 1916 it stood at 1,525,500." (Gordon)
Model T’s were everywhere in America, even long after Ford stopped production in 1927. (Henry) While Ford was the number one brand, selling the most cars throughout the early 1900’s, the Model T created a new industry that is distinctly American; the auto industry. Three manufacturers, Ford, General Motors, and Chrysler dominated the American auto industry, and all three companies still produce cars today. The Model T gave birth to the competitive auto market. To this day, car companies in America are constantly racing to innovate, improve, and outsell their competitors. Manufacturing of cars “became the backbone of a new consumer goods-oriented society. By the mid-1920s it ranked first in value of product, and in 1982 it provided one out of every six jobs in the United States.” (history –idk yet) The demand for cars also resulted in a booming petroleum industry, and a high demand for metals, like steel. ( History idk yet) Furthermore, with so many people driving cars, construction of roads was necessary. The popularity of automobiles set off a chain reaction that created new opportunities all across the country. All sections of the modern automotive industry, from marketing to manufacturing, as well industries like petroleum refining, steel production, and road construction, can trace their beginnings to the Ford Model
A Tesla is a vehicle, an all-electric vehicle that combines safety, performance, and efficiency. In 2016, Tesla’s annual revenue totaled $7 billion. Tesla is a profitable company. Tesla has seen potential growth in annual gross income, since 2012 from earning $30 million to 2016 earning $1.56 billion in annual gross income. 1.
However, despite Tesla’s internal competencies and a reputation of building exquisite products, it still encounters lack of major resources and capabilities that its competitors own. Building a car takes years or
Although a loss in the family severely hurt Tesla and his family, he still succeeded in life. He invented many things that we still use today and has even brought us together as a people. Tesla will forever remain a famous inventor to the world, and his success will live on with his name. His understanding of electricity and how things work will forever remain a part of humanity today.
Tesla brought several innovations into this world, most famously his alternating current and Tesla coil, but his mind was one of the most innovative and intelligent of his era. He went beyond the normal thoughts and mindsets of the 19th century, and produced scientific marvels such as the Wardenclyffe tower. He was a man of many talents and skills, and spent out his last days at the New York Public Library, feeding the pigeons who he called “my sincere friends”.
This has resulted in exposing many automobile users to unpredictable prices of fuel. These issues were, however, the reason for the inception of Tesla Motors so as to bring into existence another set of automotive which serves the similar purpose but uses another form of energy that is electricity to drive them instead of the disadvantageous gasoline-powered engine. This invention was influenced by a number of factors in terms of its planning and performance (Hunger, 2010). Factors affecting Tesla’s planning and performance. The success of any organization, just like the Tesla Motor, largely depends on the planning of the activities by the management team in the company.
Chiefly, and most apparently, it is the goal of Tesla Motor to generate demand for Tesla vehicles (Andrade, Holloway, Payne, Roy & Sheffield, 2015). In turn, demand will drive leads to the Tesla sales team (Andrade, Holloway, Payne, Roy & Sheffield, 2015). Tesla will continue to build long-term brand awareness, in addition to continual management of corporate reputation (Andrade, Holloway, Payne, Roy & Sheffield, 2015). Tesla Motors will expertly manage the existing customer base to create loyalty and increase customer referrals (Andrade, Holloway, Payne, Roy & Sheffield, 2015). Additionally , Tesla Motors hopes to enable customer input into the product development process (Andrade, Holloway, Payne, Roy & Sheffield, 2015).
Manufacturing will run on 100% renewable energy helping our environment a lot. As of the year 2018 almost 500,000 cars should be produced. Tesla’s market value is $33.5 billion. Tesla’s stock market has risen over 1000% since 2012. To start tesla Elon Musk invested $70 million of his own money. Elon Musk is a successful businessman with 4 companies valuations over $1 billion. Elon Musk has a networth of $12.1 billion. Many of the Tesla sale models are illegal in many U.S.
Tesla has managed to build a notable brand name for itself not in the electric car market, but in the overall automotive industry. Its brand performance offers a robust, reliable and unique image that gives customers the satisfaction that electric cars can be stylish, reliable, hassle-free and much less bulky than internal combustion engine vehicles.
The main concerns were the lack of availability of vehicles at a reasonable price. Tesla’s electric cars are considered to be in the expensive range. Tesla could potentially develop a new, more affordable model, which consumers would be more comfortable buying. Although this new model may lack the superior quality of Model S or X, it will garner attention to Tesla’s brand, and if people can experience a cheaper model and be satisfied with it, they would be likely to buy the expensive models
Westinghouse licensed Tesla’s patents for $60,000 in stocks and cash and royalties based on how much electricity was sold. Later, fearing ruin, Westinghouse begged Tesla for relief from the royalties Westinghouse agreed to. “Your decision determines the fate of the Westinghouse Company,” he said. Tesla, grateful to the man who had never tried to swindle him, tore up the royalty contract, walking away from millions in royalties that he was already owed and billions that would have accrued in the future. He would have been one of the wealthiest men in the world—a titan of the Gilded Age.