Research Paper On Tesla

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Tesla Tesla, it will change your life forever. Tesla was founded not by Elon Musk, but rather by Martin Eberhard and Marc Tarpenning in July 2003(Visual Capitalist, 2017.) Elon Musk then took over in 2004 with the Series A. On July 19, 2006 tesla officially became a car company. Tesla struggled, but managed to pull through and pay back a loans by May 2013. Tesla is the first all American car company since Ford in 1956. Tesla is working hard to improve and create new cars every day (TechCrunch, 2017). Tesla will help improve the environment by reducing air pollution and by reducing fossil fuel usage by using electricity instead of gasoline. This will make the world a safer and more efficient environment. This will further improve how our future …show more content…

On June 30, 2005 the model s came out, the car they would be known most for today. Starting at $50,000 and seating seven it was meant to be a more affordable family sedan. 10% of tesla is worth billions. In 2009 tesla took a loan of $546 million for the US government of energy and paid back the loan in 2013, nine years early. Elon Musk owns 23 percent of Tesla’s stock. Tesla was the most shorted stock on NASDAQ. In the model s it takes roughly 2.5 seconds to go from 0mph to 60mph. With a two hour charge the car can last up to 250 miles. It only takes 30 minutes to charge for 170 miles (Business Insider, 2016.) The maximum distance that can be traveled on one charge is 455 miles. One charge will only cost you around $13 at home instead of the traditional gas price which is around $80. Tesla is expected to have driverless technology by the year 2018. 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.

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