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Project 4

Tesla, Inc. is an American electric vehicle and clean energy company founded in 2003, known for its electric cars like the Model 3, which is the best-selling plug-in electric car globally. Elon Musk became the largest shareholder in 2004, and by October 2021, Tesla's market capitalization reached $1 trillion. The company develops key components in-house and partners with Panasonic for battery cells, while also engaging in agreements for lithium supply and collaborating with other businesses for charging infrastructure.

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32 views2 pages

Project 4

Tesla, Inc. is an American electric vehicle and clean energy company founded in 2003, known for its electric cars like the Model 3, which is the best-selling plug-in electric car globally. Elon Musk became the largest shareholder in 2004, and by October 2021, Tesla's market capitalization reached $1 trillion. The company develops key components in-house and partners with Panasonic for battery cells, while also engaging in agreements for lithium supply and collaborating with other businesses for charging infrastructure.

Uploaded by

hatrangb13103
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Tesla

Tesla, Inc. is an American electric vehicle and clean energy


company based in Austin, Texas, United States.

Founded in July 2003 by Martin Eberhard and Marc


Tarpenning as Tesla Motors, the company's name is a tribute
to inventor and electrical engineer Nikola Tesla. In February
2004, via a US$6.5 billion investment, X.com co-founder Elon
Musk became the largest shareholder of the company and its
chairman. This was followed by the Tesla Model S sedan in
2012, the Tesla Model X SUV in 2015, the Tesla Model 3 sedan
in 2017, and the Tesla Model Y crossover in 2020. The Tesla
Model 3 is the all-time best-selling plug-in electric car
worldwide, and, in June 2021, became the first electric car to
sell 1 billion units globally. Tesla's global vehicle sales were
499,550 units in 2020, a 35.8% increase over the previous
year. In October 2021, Tesla's market capitalization reached US$1 trillion, the sixth company to do so
in U.S. history.

In September 2021, the National Highway Traffic Safety Administration (NHTSA) ordered Tesla to
submit data pertaining to all sold US vehicles equipped with Autopilot.

Technology
Tesla develops many components in-house, such as batteries, motors, and software.

1. Vehicle batteries
2. Motors
3. Autopilot
4. Full self-driving
5. Glass

Partners
Tesla's major partner is Panasonic, which is the main developer of battery cells for the company.

Panasonic

Panasonic Energy Company President Naoto Noguchi presented Tesla CTO JB Straubel with the first
lithium-ion cells from Panasonic's facility in Suminoe-ku, Osaka, Japan, 2010.

In March 2021, the outgoing CEO of Panasonic stated that the company plans to reduce its reliance
on Tesla as their battery partnership evolves.

Other current partners


In September 2020, Tesla signed a sales agreement with Piedmont Lithium to buy high-purity lithium
ore for up to ten years, specifically to supply "spodumene concentrate from Piedmont's North
Carolina mineral deposit".

Tesla also has a range of minor partnerships, for instance working with Airbnb and hotel chains to
install destination chargers at selected locations.

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