Tesla Inc. Overview

Tesla Inc. Review

With the quest by a group of savvy engineers to prove to the world that electric cars can be more efficient, that is, faster, stress-free, and fun-filled to drive than gasoline cars, Tesla was birthed in 20003 (Tesla, n.d.).  The astounding way in which the country had grown over the years to be the years had been backed up by the company’s philosophical premise which is “to build a sustainable world free of fossil-emission, but with strong reliance of energy-driven products. Hence, with this philosophy, Tesla has broadened its mode of operation by not only producing electric cars but by extension, the company now diversifying into the generation of clean energy and storage products, thus, increasing the company’s market share exponentially. However, this article according to its title tends to give you a comprehensive overview of virtually the entire aspect of the company, with a view that not only focus on the company’s strength, but also its weaknesses. Thus, it would be worthwhile to keep an eye on the following keywords as listed below as each would be addressed one after another.

Keywords: Tesla Historical Snapshot; Tesla Financials; Tesla’s Modus operandi; Tesla product listing; Tesla’s pros and cons  

Tesla Inc. Historical Snapshot

Founded on the 1^st of July, 2003 in San Carlos, California, United States with just a mere desire by a group of brilliant engineers to invent something new for the world, and today, Tesla had taken the entire world by surprise by becoming one of the strongest brands in the world. As a matter of fact, according to the Forbes’ Billionaires list 2200, Tesla’s co-founder, Elon Musk is ranked the world’s richest man with a whopping net worth of $219 billion, seconded by Jeff Bezos with a net worth of $171 billion (Mille, 2022).   

In 2008, Tesla launched a brand called the Roadster which technically becomes a ground-breaking invention in the electric power train and battery technology as well as the entire universe’s history. Taking it a shot further, Tesla built, Model S– a premium all-electric sedan. Model S becomes the world’s first fully-electric produced vehicle, and by extension, the vehicle emerged as the best car in its class and category and remains a phenomenal invention in the field in the 21^st century due to its based on its excellent feature in performance, speed, safety and overall efficiency.

2015 witnessed an expansionary move from Tesla as the company launched the quickest, safest, and most efficient sports car in the history of humanity, with the brand called Model X. The National Highway Traffic Safety Administration ranks the vehicle with a 5-star rating after considering its astounding safety feature across all categories.

Similarly, in 2016, in order to make its products and brands more affordable to its ever-increasing customer base, Tesla unveiled another amazing product with the brand Model 3. This product is a high-volume but low-priced vehicle but its production didn’t begin until 2017.

Taking a giant stride into another dimension to hit another target market, and to save the cost of fossil fuel with up to $200,000 in a million miles, Model Y was released by Tesla a truck SUV-like vehicle which could contain up to 7 passengers. Model Y judging from its inbuilt feature tends to outperform other related sports cars and of course the normal traditional car (Tesla, n.d.).

Tesla Inc. Modus Operandi (Mode of Operation)

Although the mode of operation of Tesla is quite an elaboration and technical, however, for the sake of brevity, this piece would try to do justice to its entire modus-Operandi (mode of operation).

The production of Tesla vehicles is made at Fremont, California and Gigafactory, Shangai where the company’s major factories are situated. In a bid to maintain safety for all its employees and by extension produce quality products, Tesla conducts a mandatory set of training for all its production employees right before they step into the production factory to operate. Additionally, Tesla also guarantees that all necessary tools both human, technical, and capital are provided in its entire factory to prevent the production of quality products. And this is typical of the company’s policy of giving continued on-the-job training to all of its employees, especially its production staff to keep up with its quality and industrial standards.

Tesla thrives to contribute immensely to the world’s sustainability development by creating and inventing sustainable energy-power products to reduce the world’s reliance on fossil fuels. The company also produce and manufactures such unique set of energy as Solar Roof, Powerpack, Powerwell, et cetera which opens the gate to renewable electric power for businesses, both private and public, households, and power distributing companies to regenerate, store, and consume. In this trend, Tesla produced a product called the Gigafactory 1 which is designed to help reduce the cost of battery cells in homes, and with this great invention, Tesla also helps reduce the rate of unemployment by creating thousands of jobs for qualified individuals in a bid to meet up with its production targets.  

Finally, in its goal to continue to increase the use of clean energy and promote sustainable development across the world, the company continued to strive by producing more and more electric-driven vehicles and products, mounting its branches and factories across all notable parts of each continent, and making its products available and affordable as possible as it can be.  

Tesla Inc. Financials

No doubt Tesla remains one of the most successful brands in the world with a market share of 68%, dominating the entire US electric car market. In view of this, according to a recent publication by Statista authored by Carlier (2022), the following statistics give a snapshot of the company’s financial standing.

Tesla’s World Wide Revenue

$53.8 Billion

Tesla’s Revenue on Automobile Sales

$44 Billion

Tesla’s Quarterly Vehicle Deliveries

255 Thousand

Tesla’s Quarterly Operation Margin

$ 19.2%

Brand Worth

$75.93  Billion

Brand Growth’s Value

184%

Tesla’s Research and Development (R&D) Expenses

$2.6 Billion

Market Share

68%  (in the United States Electric Market)

Competitors

Tesla Inc. Product Listing

The below product listings give a highlighted summary of Tesla’s automotive products. Although, the majority of these products have been mentioned above, however, they are listed

Model S

Model 3

Model Y

Roadster

Tesla Gigafactory

Tesla Roadster

Solar roof

Solar panels

Standard range plus

Tesla Surfboard

2018 Tesla Model S

2021 Tesla Model S

Tesla Inc. Pros

Tesla’s entire products have a lot to offer when it comes to benefits. As you may have observed above, the company’s products are one of a kind and are built with a high level of quality components, whilst striving to meet customers’ expectations and industry standards. The following highlights give an outline of the company’s pros.

Tels’s products help save the cost of fossil fuel

The highly attractive and beautiful shapes of cars

Tesla has supercharger stations strategically stationed across the world

Tesla’s cars score high in durability and long-lasting metrics

No dealership as customers’ orders are taken online via their official website

 You can charge your car in the comfort of your home

Tesla’s cars are built with quality, hence expect to experience the efficient performance from Tesla’s products

Control your car using Tesla apps instead of the traditional car keys

Enjoy the benefit of self-driving cars with Tesla’s vehicle

When you buy a Tesla vehicle, be assured you have just purchased one of the most safety cars that work with optimum self-driving protection.

…and that’s it! The list can go on, on, and on. But the simple fact here is, Tesla’s products overs a wide range of benefits when compared to other related electric cars out there.

Tesla Inc. Cons

Now, we have briefly delved into looking at Tesla’s pros which give an overview of its benefits, however, it will not be worthwhile not to look at its shortcomings as well in order to keep this piece unbiased and objective. Hence, the below list entails an overview of Tesla’s cons:

Tesla’s cars are outrageously expensive and are not built for low-income earners

Tesla’s service centres can be relatively frustrating

Tesla’s product insurance is relatively expensive

Tesla’s  battery drains easily, especially when you pack it overnight

The maintenance cost of Tesla’s products like repairing and servicing is relatively high

It takes a whole lot of time to repair damaged Tesla vehicles

Your Tesla driving range gets reduced during cold weather. If you live in a frosty town, this product may not be suitable for you. 

Wrapping Up

Based on the foregoing highlighted analysis, although Tesla’s inventions have not completely circulated to the entire universe, especially in geographical locations like Africa, nonetheless, the Company has been able to build its tentacles across the United States, Europe, and Asia, and in no time, if it continues to keep this outstanding momentum, the entire universe will soon be less bothered with climate change causing catastrophes and mayhem in the entire universe because there won’t be much reliance on fossil fuels which contributes greatly to climate change. Thus, I close with the conclusion to say the Tesla company in its entirety is one of the greatest inventions in the history of humanity.

Reference List

Tesla (n.d.). About Tesla: Tesla’s mission is to accelerate the world’s transition to sustainable energy. https://www.tesla.com/about

Mille, R. (2022). Forbes world’s billionaire list. https://www.forbes.com/billionaires/

Cartiler M. (2022). Tesla’s statistics and facts. https://www.statista.com/topics/2086/tesla/#dossierKeyfigures