Tesla and Elon Musk

History of Tesla(Tesla Motors)

Tesla  Inc. was founded in 2003 by the engineers Martin Eberhard and Marc Tarpenning in San Carlos, California. It was originally called Tesla Motors, a name the company changed in 2017 as Tesla.

Nomenclature and the CEO

The company was named after the great scientist Nikola Tesla,to provide a sustainable energy efficient system for the public.Although Elon Musk does not found the company, only he is the well renowned man of the company.He invested $30 million into the company and became the chairman of its Board of Directors.However, shortly before their company shipped its first automobile (Roadster Number 1, to Musk) co-founders Eberhard and Tarpenning left Tesla entirely. Not long after, in October 2008, Musk took over as CEO of the company and fired 25% of the company's staff.

Stock Price and the Market Cap


Here, at the time of writing today this company has the total market capitization of 137.03B. with a stock price of 743.40 (20th April, 2020) in which Elon has a total of 36.8 million shares.



Timeline of Tesla Motars(Tesla)



2003 - Tesla Motors founded by Martin Eberhard and Marc Tarpenning in San Carlos, California. They serve as its CEO and CFO, respectively.

2004 - Elon Musk invests $30 million and joins Tesla as the Chairman of its Board of Directors.

2006 - Tesla showcases the prototype for its first car, the all-electric Roadster.

2007 - Eberhard resigns as CEO of Tesla. He is replaced by interim CEO Michael Marks.

2007 - Ze'ev Drori takes over as Tesla's permanent CEO.

2008 - The Roadster enters production. Elon Musk receives the first vehicle produced.

2008 - Ze'ev Drori resigns as Tesla's CEO. He is replaced by Elon Musk who remains CEO to this day.

2008 - Tesla announces its plans for the Model S sedan.
2009 - Eberhard files a lawsuit against Tesla and Musk alleging that he was forced out of the company, and that Musk has taken credit for creating a company that Eberhard and Tarpenning built. He drops the suit later that year.

2009 - Facing financial troubles, Tesla seeks an investment from Daimler AG and a loan from the Department of Energy.

2009 - Tesla relocates its headquarters to Palo Alto, where it remains to this day.

2010 - Tesla goes public, raising $226 million in its IPO.

2011 - Tesla showcases the prototype for its Model S, the company's first sedan.

2012 - The Model S sedan goes into full time production.

2012 - Tesla discontinues production of the Roadster.

2012 - Tesla launches its first Supercharger charging stations with six locations in California.

2013 - Tesla posts its first quarterly profit.

2014 - Tesla announces its Nevada Gigafactory, where the company will manufacture the batteries for all of its products.

2015 - The company enters the solar power market, announcing a line of products to power homes and businesses based on a combination of solar panels and batteries.

2016 - Tesla announces plans for the Model 3 sedan, its first car aimed at a mass market.

2017 - Tesla Motors changes its name to Tesla, Inc. This remains the company's name to this day.

2018 - Tesla misses quotas for the Model 3 sedan, producing over a three-month period less than half of what it had forecast it could produce in one week.

2018 - Musk announces on Twitter that he plans to take the company private at $420 per share, and that he has already secured the funds to do so. He does not take the company private and has not, at time of writing, done so. This leads to a flurry of trading that drives up the price of Tesla's stock.

2018 - The SEC  charges Musk with securities fraud.

2018 - Musk and Tesla accept a settlement from the SEC. Musk pays $20 million and steps down as the Chairman of Tesla's Board of Directors. He is replaced by Robyn Denholm. Tesla also pays $20 million and agrees to oversee Musk's Twitter account.

2018 - The Department of Justice begins an investigation into whether Tesla misled investors about its Model 3 production capacity.

2019 - The SEC seeks a contempt order after Musk makes a Twitter announcement regarding Tesla's production capacity. The settlement is revised after a judge finds that Tesla has conducted no oversight of Musk's Twitter activity.

                                                                                                                                                                                                                                                   (Source:TheStreet)



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