Tesla Analysis.docx - Running Head TESLA ANALYSIS 1 Tesla Analysis Student Name Institutional Affiliation Professor Course Date TESLA ANALYSIS 2 Tesla

Tesla Analysis.docx - Running Head TESLA ANALYSIS 1 Tesla...

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Running Head: TESLA ANALYSIS 1 Tesla Analysis Student Name Institutional Affiliation Professor Course Date
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TESLA ANALYSIS 2 Tesla Analysis Tesla Company was founded in 2003 by Martine Eberhard and Marc Tarpening. The development of the company was motivated by its desire to develop an electric sports car. Among the people that offered the financial support was Elon Musk who was a co-founder. Eberhard was the Chief Executive Officer at the inception of the corporation and Tarpening became the Chief Financial Officer. Musk chaired the company from 2004 and later became the CEO in 2007 after the ouster of the previous CEO. After the resigning, he became a significant shareholder in the corporation. The corporation developed the first electric automobile in 2008 and has continued to improve on its innovations. Tarpening exited the company as the Vice President in 2008 ( Bessen, 2014 ). He was also in charge of the electronic engineering and the development of the electronic software. The corporation developed the Model S Sedan in 2012 that was heavily complemented due to the incorporation of modern technology. It had a high-performance ability especially battery option that made it stand out in the market. The company later introduced the Model X and the Crossover vehicle that was developed as a sports car. Most of the innovation has been made at the watch of the current CEO Elon Musk and despite the challenges that arise the company has made significant strides towards its growth and development. The company also developed branches that mainly dealt with solar energy as a show of their commitment to the utilization of renewable energy. The production of the cars is in Fremont and the Company’s factory id in California. The primary mission of the company is on the continuous acceleration of the rate of transmission and the attainment of renewable energy across the world. Its innovation has proved
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TESLA ANALYSIS 3 to the world that the electric energy can be applied suitably to improve the quality of life for the people by application of the automobiles that are quicker and better. It is a corporation that is currently known due to its development and the innovation of new products across the world mainly dependent on the application of the renewable energy such as the solar power and the electric motors. The company believes that overreliance in fossil products will lead to the continuous degradation of the environment. The application of electric energy is crucial to the maintenance of a lean environment. The corporation has developed unique solutions for the maintenance of the environment. Some of the innovations are on the development of the solar roof, power pack and the power wall. They have led to the consistent improvement of the lives of the people across the globe. There are several challenges that the company has faced in the development to become a globally competitive institution. One of the major challenges is on the financial crisis that it faced in 2007 and 2008 and stalled its growth and development. Electric
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