Tesla is an automotive and energy company based in Palo Alto, California. Established in 2003, Tesla is renowned for its innovative and environmentally-friendly line of electric car products.
About Tesla, Inc. (TSLA)
Tesla, Inc., originally known as Tesla Motors, was founded in 2003 by a group of engineers who wanted to prove that people do not have to compromise to drive electric cars – they can also be better, faster, and more fun than fossil-fueled cars.
The name ‘Tesla’ itself is a tribute to Nikola Tesla, a Serbian scientist and inventor who made significant contributions to the development of AC (alternating current) electrical technology in the late 19th century.
Over time, Tesla has grown into a global leader in the sustainable energy revolution, with product sales expanding in various countries and various vehicle models.
Under the visionary control of Elon Musk, Tesla has reached unimaginable heights in terms of electric car technology and various other sustainable energy products.
Vision and Mission of Tesla, Inc.
Tesla’s vision is “to create the most exciting and efficient transportation in the world without sacrificing this planet”. With a mission “to accelerate the world’s transition to sustainable energy”. Thus, Tesla aims to lead the world in clean energy technology and reduce dependence on fossil fuels.
Main Products of Tesla, Inc.
There are at least 3 main product categories of Tesla, including the following.
1. Electric Cars
Tesla’s main product is a series of advanced and high-performance electric cars. Ranging from Model S, a luxury electric sedan first released in 2012, to Model 3, a compact sedan aimed at the mass market.
Tesla has also launched Model X, a high-performance SUV, and Model Y, a compact crossover. In 2020, Tesla reported sales of more than 500,000 units of its electric cars.
2. Powerwall and Powerpack
Tesla also designs and manufactures Powerwall, Powerpack, and other energy storage products. Powerwall is a home battery that can be used to store energy from solar power or the electricity grid.
This product is designed to provide electricity during outages, while Powerpack is intended for commercial and utility use.
3. Solar Roof and Solar Panels
Tesla is also involved in the solar energy industry, with products such as Solar Roof and traditional solar panels. The Solar Roof combines solar panels with building materials, creating a roof that can generate electricity and still look like a regular roof. While Tesla’s traditional solar panels offer an efficient and affordable solar power solution.
Important Figures at Tesla, Inc.
There are at least 3 important people within Tesla, including the following.
1. Elon Musk – CEO
Elon Musk, who joined Tesla in 2004, is the most important figure behind the company’s success. Although Musk was not among the initial founders, he has played a vital role in shaping Tesla into a global leader in electric cars.
Musk has a background in physics and business, and he uses both of these fields to help direct Tesla. Under Musk’s leadership, Tesla has experienced significant growth and introduced some of the most innovative products and technologies in the automotive industry.
2. JB Straubel – Former CTO
JB Straubel was one of Tesla’s early founders and served as CTO (Chief Technology Officer) until 2019. He played a key role in the development of Tesla’s battery technology and electric motors.
During his tenure, Straubel helped guide Tesla towards a focus on the development and production of efficient and high-performance electric cars.
3. Franz von Holzhausen – Chief Designer
Franz von Holzhausen joined Tesla in 2008 and has been the main architect behind the iconic Tesla car designs.
As Chief Designer, von Holzhausen is responsible for the overall aesthetics and function of Tesla cars, from body to interior. He has produced some of the most influential automotive designs in modern history, including the Model S, Model 3, and Roadster.
Fluctuations in Tesla, Inc.’s Stock Price
Since Tesla’s initial public offering (IPO) in 2010, the company’s stock price has experienced rollercoaster movements. Initially, Tesla’s stock moved relatively flat, but since around mid-2013, stock prices began to surge dramatically.
One of the most notable stock price surges occurred in 2020, where Tesla’s stock price rose by more than 700%. The main cause of this surge was Tesla’s strong financial report results, where Tesla reported net profit in four consecutive quarters for the first time in company history. This surge was also driven by high market expectations about the future of electric cars and sustainable automotive technology.
However, Tesla’s journey in the stock market has not always been smooth. In 2018, Elon Musk faced sanctions from the US Securities and Exchange Commission (SEC) following his controversial tweet about Tesla’s privatization, which resulted in a sharp decline in stock prices. Nevertheless, Tesla has managed to recover and continues to grow in the global stock market.
Looking back, Tesla’s stock has had an amazing journey, proving that a strong vision and mission, technological innovation, and effective leadership can create extraordinary value in the market.
Interesting History of Tesla, Inc.
In 2003, Tesla Motors was founded by Martin Eberhard and Marc Tarpenning. Initially, the company aimed to produce a luxurious electric sports car, the Roadster, which eventually launched in 2008. With impressive performance and zero greenhouse gas emissions, the Roadster attracted a lot of attention and laid the foundation for upcoming Tesla models.
Elon Musk joined the company in 2004 as Chairman of the Board of Directors and became CEO in 2008. With Musk’s vision and leadership, Tesla moved to change the way the world views electric cars. Musk saw the potential to develop more affordable and practical electric cars for ordinary consumers.
In 2010, Tesla held an initial public offering (IPO) and became the first American automotive company to conduct an IPO since the Ford Motor Company in 1956. This marked a critical turning point in Tesla’s history.
In 2012, Tesla introduced the Model S, a luxury electric sedan that combined outstanding performance, efficiency, and safety. The Model S was Tesla’s first major step towards more affordable and accessible electric cars for ordinary consumers.
Tesla continued its innovation by launching the Model X, a high-performance electric SUV in 2015, and the Model 3, a mass-market electric sedan in 2017. The Model 3, in particular, has played a crucial role in bringing Tesla to the mass market and changing public perceptions about the capabilities and feasibility of electric cars.
In addition to cars, Tesla also entered the sustainable energy market by introducing products such as the Powerwall and Solar Roof. The launch of these products signifies Tesla’s effort to be more than just a car manufacturer and move towards their vision to accelerate the world’s transition to sustainable energy.
Key Metrics
| Founded | 1 July 2003 |
| Headquarters | 1 Tesla Road. Austin, Texas 78725 |
| Website | https://www.tesla.com/ |
| Number of employees | 127,855 |
Financial Summary
| Item | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|
| Total Revenue | 81,46 M | 53,82 M | 31,54 M | 24,58 M |
| Cost of Revenue | 60,61 M | 40,22 M | 24,91 M | 20,51 M |
| Gross Profit | 20,85 M | 13,61 M | 6,63 M | 4,07 M |
| Operating Income | 13,83 M | 6,50 M | 1,99 M | 80 Jt |
| Operating Expense | 7,02 M | 7,11 M | 4,64 M | 3,99 M |
| Net Income | 12,58 M | 5,52 M | 690 Jt | -862 Jt |
| Item | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|
| Total Assets | 82,34 M | 62,13 M | 52,15 M | 34,31 M |
| Total Liabilities | 36,44 M | 30,55 M | 28,47 M | 26,20 M |
| Total Equity | 45,90 M | 31,58 M | 23,68 M | 8,11 M |
| Item | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|
| Operating Cash Flow | 14,72 M | 11,50 M | 5,94 M | 2,41 M |
| Investing Cash Flow | -11,97 M | -7,87 M | -3,13 M | -1,44 M |
| Financing Cash Flow | -3,53 M | -5,20 M | 9,97 M | 1,53 M |
| End Cash Position | 16,92 M | 18,14 M | 19,90 M | 6,78 M |
in USD (Jt = million, M = billion, T = trilion)
Executives
| Elon R. Musk | Technoking of Tesla, CEO & Director |
| Zachary John Planell Kirkhorn | Master of Coin & CFO |
| Andrew D. Baglino | Sr. VP of Powertrain & Energy Engineering |
| Vaibhav Taneja | Corp. Controller & Chief Accounting Officer |
| Martin Viecha | Sr. Director for Investor Relations |
| Alan Prescott | VP of Legal |
| Dave Arnold | Sr. Director of Global Communications |
| Brian Scelfo | Sr. Director of Corp. Devel. |
| Jeffrey B. Straubel | Sr. Advisor |
Update
- Warren Buffett explains not investing in Tesla despite Elon Musk’s urging
- Tesla Stock Continues Rebound As Warren Buffett Praises ‘Brilliant’ Elon Musk
- Lucid cuts production forecast after $780 million net loss
How to Buy Tesla Stocks
Interested in buying shares of this tech company? You can buy TSLA shares with simple steps:
- Install Nanovest app on the App Store or Play Store.
- Register according to the instructions.
- Verify your identity for security and convenience when buying stocks through the KYC feature which you can do in just 1 minute.
- Top Up your balance to your Nanovest account.
- Go to the stock menu, search and select Tesla, Inc. (TSLA).
- Click the Buy button and confirm the purchase with your desired amount. You can start with only IDR 5,000.
Before investing in the stocks you want, do some research and analysis first. You can do this by checking company profile, industry conditions, company financial reports, and analyzing previous stock price movements. This analysis is important so that you can develop an accurate investment strategy and minimize losses.
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Of course. Nanovest is supported by a number of professional partners who have a good reputation in providing their services. One of them is supported by S-Quantum Engine technology by Sinarmas Financial Services.
For global and US stocks, Nanovest partners with brokers registered with the United Stated Financial Industry Regulatory Authority (FINRA) – which insures brokerage accounts held by Nanovest users up to U$S 500k by the United States Securities Investor Protection Corporation (SIPC).
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