History of Tesla, Inc.
Tesla, Inc., an electric vehicle manufacturer and clean energy company founded in San Carlos, California in 2003 by American entrepreneurs Martin Eberhard and Marc Tarpenning. The company is named after Serbian-American inventor Nikola Tesla. Tesla is the world's leading electric vehicle manufacturer, and, as of the end of 2021, Tesla's cumulative global vehicle sales totaled 2.3 million units.[1]
The beginnings – Roadster and private funding
Tesla was incorporated (as Tesla Motors) on July 1, 2003, by Martin Eberhard and Marc Tarpenning in San Carlos, California.[2][3][4] The founders were influenced to start the company after General Motors recalled all its EV1 electric cars in 2003 and then destroyed them,[5] and seeing the higher fuel efficiency of battery-electric cars as an opportunity to break the usual correlation between high performance and low fuel economy in automobiles.[6] The AC Propulsion tzero also inspired the company's first vehicle, the Roadster.[7][8] Eberhard said he wanted to build "a car manufacturer that is also a technology company", with its core technologies as "the battery, the computer software, and the proprietary motor".[9]
Ian Wright was the third employee, joining a few months later.[2] The three went looking for venture capital (VC) funding in January 2004[2] and connected with Elon Musk, who contributed US$6.5 million of the initial (Series A) US$7.5 million[10] round of investment in February 2004 and became chairman of the board of directors.[2] Musk then appointed Eberhard as the CEO.[11] J.B. Straubel joined in May 2004[2] as the fifth employee.[12] A lawsuit settlement agreed to by Eberhard and Tesla in September 2009 allows all five (Eberhard, Tarpenning, Wright, Musk and Straubel) to call themselves co-founders.[13]
Musk took an active role within the company and oversaw Roadster product design, but was not deeply involved in day-to-day business operations.[14] Musk insisted from the beginning on a carbon-fiber-reinforced polymer body and contributed to the car style.[15] Tesla Motors received the Global Green 2006 product design award for the design of the Tesla Roadster, presented by Mikhail Gorbachev.[16] Elon Musk, Martin Eberhard, Barney Hatt, Tesla Motors also received the 2007 Index Design award for their design of the Tesla Roadster.[17]
Musk consistently maintained that Tesla's long-term strategic goal was to create affordable mass market electric vehicles.[18] Tesla's goal was to start with a premium sports car aimed at early adopters and then moving into more mainstream vehicles, including sedans and affordable compacts.[19]
In February 2005, Musk led Tesla's Series B US$13 million investment round which added Valor Equity Partners to the funding team.[20] Musk co-led the third, US$40 million round in May 2006 along with Technology Partners.[20] This round included investment from prominent entrepreneurs including Google co-founders Sergey Brin & Larry Page, former eBay President Jeff Skoll, Hyatt heir Nick Pritzker and added the VC firms Draper Fisher Jurvetson, Capricorn Management, and The Bay Area Equity Fund managed by JPMorgan Chase.[21][20] Musk led the fourth round in May 2008 which added another US$40,167,530 in debt financing, and brought the total investments to over US$100 million through private financing.[20]
Also in the 2006 "Tesla master plan" a partnership with SolarCity was announced to co-market photovoltaic solar panels, which could be installed on the roof of a carport, allowing those who drive less than 350 miles/week to become "energy positive" with respect to personal transport.[22]
Eberhard served as CEO until he was asked to step down from the position in August 2007 by the board of directors.[23][24] Eberhard then took the title of "President of Technology" before ultimately leaving the company in January 2008. Co-founder Marc Tarpenning, who served as the Vice President of Electrical Engineering of the company, also left the company in January 2008.[24][25] In August 2007, Michael Marks was brought in as interim CEO, and in December 2007, Ze'ev Drori became CEO and President.[24] In January 2008, Tesla fired several key personnel who had been involved from the inception after a performance review by the new CEO.[26] According to Musk, Tesla was forced to reduce the company workforce by about 10% to lower its burn rate, which was out of control in 2007.[27] In May 2008, "The Truth About Cars" website launched a "Tesla Death Watch", as Tesla needed another round of financing to survive. In October 2008, Musk succeeded Drori as CEO and fired 25% of Tesla employees.[24] Drori became vice-chairman, but then left the company in December 2008. In December a fifth round of investment turned into debt financing and added another US$40 million, avoiding bankruptcy.[28][29]
By January 2009, Tesla had raised US$187 million and delivered 147 cars. Musk had contributed US$70 million of his own money to the company.[27] On May 19, 2009, Germany's Daimler AG, maker of Mercedes-Benz, acquired an equity stake of less than 10% of Tesla for a reported US$50 million.[30] According to Musk, the Daimler investment saved Tesla.[31] In July 2009, Daimler announced that Abu Dhabi's Aabar Investments bought 40% of Daimler's interest in Tesla.[32]
2009 Department of Energy loan
In June 2009 Tesla was approved to receive US$465 million in interest-bearing loans from the United States Department of Energy. The funding, part of the US$8 billion Advanced Technology Vehicles Manufacturing Loan Program, supported engineering and production of the Model S sedan, as well as the development of commercial powertrain technology.[33] The low-interest loan program was created in 2007 during the George W. Bush administration, and is not related to the "bailout" funds that GM and Chrysler received, nor are they related to the 2009 economic stimulus package.[34] Tesla repaid the loan in May 2013, with a US$12 million interest. Tesla was the first car company to have fully repaid the government;[35] Nissan repaid their loan in 2017, and Fisker went bankrupt and defaulted on their loan.[36]
The company announced in early August 2009 that it had achieved overall corporate profitability for the month of July 2009.[37] The company said it earned approximately US$1 million on revenue of US$20 million. Profitability arose primarily from improved gross margin on the 2010 Roadster, the second iteration of Tesla's award-winning sports car. Tesla, which like all automakers records revenue when products are delivered, shipped a record 109 vehicles in July and reported a surge in new Roadster purchases. In September 2009, Tesla announced a US$82.5 million round to accelerate Tesla's retail expansion.[38] Daimler participated in the round to maintain equity ownership from its initial investment.[38]
Lotus supply of Roadster parts
Tesla Motors signed a production contract on July 11, 2005, with Group Lotus to produce "gliders" (complete cars minus powertrain).[39] The contract ran through March 2011, but the two automakers extended the deal to keep the electric Roadster in production through December 2011 with a minimum number of 2,400 units,[40] when production ended,[needs update] mostly because of tooling changes orchestrated by one of its suppliers.[41] In June 2010, it was reported that Tesla sold a total of US$12.2 million zero emission vehicle credits to other automakers, including Honda, up to March 31, 2010.[42]
IPO and Model S
On January 29, 2010, Tesla Motors filed Form S-1 with the U.S. Securities and Exchange Commission,[43] as a preliminary prospectus indicating its intention to file an initial public offering (IPO) underwritten by Goldman Sachs, Morgan Stanley, J. P. Morgan, and Deutsche Bank Securities. On May 21, 2010, Tesla announced a "strategic partnership" with Toyota, which agreed to purchase US$50 million in Tesla common stock issued in a private placement[44][45] to close immediately after the IPO.[46] Executives at both companies said that they would cooperate on "the development of electric vehicles, parts, and production system and engineering support."[45] Less than two months later, Toyota and Tesla confirmed that their first platform collaboration would be to build an electric version of the RAV4 EV.[47] In October 2014, both Daimler and Toyota sold their holdings of Tesla shares[48][49] with a combined profit of over US$1 billion.[50]
On June 29, 2010, Tesla Motors launched its initial public offering on NASDAQ. 13,300,000 shares of common stock were issued to the public at a price of US$17.00 per share.[51] The IPO raised US$226 million for the company.[52] It was the first American car maker to go public since the Ford Motor Company had its IPO in 1956,[53] and by 2014 Tesla had market value half that of Ford.[54] In early 2013, Tesla had problems producing the Model S, and was running out of money. Musk proposed a US$11 billion deal with Google, but improved production and a sales push gave Tesla its first profitable quarter, and the deal was abandoned.[55][56][57]
During November 2013, following news of a third Model S fire, Tesla's stock fell more than 20 percent. All of those Model S fires had developed several minutes after the cars had struck significant road debris at high speeds and all of the vehicles had provided warnings to the occupants of serious battery damage, advising that an immediate stop was required. All three owners ordered new Model Ss. In the following months Tesla developed a battery protection system as a no-cost retrofit to all Model Ss.[58] No further regulatory action was taken, although there have been a few incidents since, most recently January 2016, with a Model S charging at a Norwegian Supercharger station.[59] Despite the drop in stock price, Tesla was still the top performer on the Nasdaq 100 index in 2013.[60] Tesla was seeking to sell 40,000 electric vehicles worldwide in 2014, adding China, Hong Kong, Japan, and Australia to the list of countries where it exports cars,[61] but in November 2014 Tesla reduced its guidance on sales down to 33,000 units for 2014.[62] As of the 2014 model year, Tesla had a US Corporate Average Fuel Economy (CAFE) of 276.7 MPG.[63]
Tesla's production of cars began at the Tesla Factory in Fremont, California. In October 2015, Tesla Motor announced the company was negotiating with the Chinese government on producing cars in China. Local production in China has the potential to reduce the sales prices of Tesla models by a third; however, foreign automakers are generally required to establish a joint venture with a Chinese company to produce cars domestically.[64] Elon Musk clarified at that time that production will remain in the U.S. in the foreseeable future, but if there's sufficient local demand for the Tesla Model 3 in China, a factory could be built in the country as soon as a year after the launch of the new model. Production in Europe will also depend on the region's demand for the Model 3.[65] Tesla was also considering building a manufacturing plant in India, according to Tesla's Chief Information Officer, Jay Vijayan. This would help Tesla to avoid 100% import duty which is applicable on import of CBU (Completely Built Unit) cars in India.[66] Tesla was also considering building a battery plant in India. "Given high local demand, a Gigafactory in India would probably make sense in the long term," Musk said in response to a specific question about whether he would consider a factory in India too.[67]
Tesla announced in November 2015 that during the third quarter of 2015 it produced a record 13,091 vehicles, and also revised its target sales for 2015 to between 50,000 and 52,000 vehicles, including both of its models available for retail sales. The company expects to achieve an average production and deliveries of 1,600 to 1,800 vehicles per week for Model S and Model X combined during 2016,[68][69] adding up to 80,000 to 90,000 new Model S and Model X vehicles in 2016.[70]
Used vehicles
Under a buyback program called the Resale Value Guarantee available in 37 U.S. states, a Tesla Model S sold new before July 1, 2016, included the right to return it after three years with reimbursement of 43% to 50% of its initial price. This reimbursement matched the trade-in values of competitive German luxury cars of that age. In addition to maintaining the resale value, Tesla hoped to secure a supply of used cars to refurbish and re-sell with warranty. According to Automotive News, the profit margin on used car sales in the U.S. is about triple that on new cars, and Tesla's direct sales would allow them to capture resale profits.[71][72][73]
In May 2015, Tesla started selling refurbished Model S cars in the U.S.[74] and within a month sold 1,600 cars.[75] As of July 2017, over 80 used Model S and Model X cars were for sale, with either a four-year, 50,000-mile warranty[76] or a two-year, 100,000-mile warranty for vehicles above 50,000 miles.[77][78] As of September 2015, similar programs existed in Canada,[79] Austria,[80] Belgium,[81] Denmark,[82] France,[83] Germany,[84] Britain,[85] Netherlands,[86] Norway,[87] Sweden[88] and Switzerland.[89][needs update]
Acquisitions
Date | Announced | Company | Business | Value (USD) | References |
---|---|---|---|---|---|
May 8, 2015 | Yes | Riviera Tool LLC | Stamping die systems used to form sheet metal parts | Unknown | [90] |
Nov 8, 2016 | Yes | Grohmann Engineering | Engineering automation systems | 135 million | [91] |
Nov 21, 2016 | Yes | SolarCity | Provides solar energy services | 2.6 billion | [92] |
Nov 7, 2017 | Yes | Perbix | Designs automated manufacturing equipment | 10.5 million (All-stock) |
[93] |
Dec 1, 2017 | No | Compass Automation | Designs, develops and integrates custom automation systems that help optimize production. | Unknown | [94] |
May 16, 2019 | Yes | Maxwell Technologies | Manufactures and markets energy storage and power delivery solutions for automobiles | 218 million (All-stock) |
[95] |
Oct 1, 2019 | Yes | DeepScale | Develops perceptual system technologies for automated vehicles | Unknown | [96] |
Oct 2, 2019 | No | Hibar Systems | Advanced automation solutions for small cell batteries through a mechanized pump injection system | Unknown | [97] |
Feb 1, 2020 | No | SilLion Inc. | Specializes in anodes and electrodes for cylindrical batteries | Unknown | [98][99] |
Sep 25, 2020 | No | German ATW Automation | Assembling battery modules and packs for the auto industry | Unknown | [100] |
Jul 31, 2023 | No | Wiferion | Wireless charging systems for industrial vehicles and autonomous robots | Unknown | [101] |
In 2015, Tesla acquired Riviera Tool & Die (with 100 employees in Grand Rapids, Michigan), one of its suppliers of stamping items.[102][103] They initially renamed the facility "Tesla Michigan",[104][105] and subsequently refer to the facility as Tesla Tool and Die.[106][107][needs update] In 2017, Tesla acquired Perbix Machine Company,[where?] a manufacturer of automated manufacturing equipment, that had been an equipment supplier for over three years.[108][109] In December 2017, Tesla acquired the factory automation firm Compass Automation of Elgin, Illinois, with expertise in automated assembly and inspection systems; by the end of 2018 the company was working exclusively for Tesla.[110]
SolarCity acquisition
On August 1, 2016, Tesla agreed to acquire SolarCity Corp. for US$2.6 billion in stock. SolarCity was then the largest installer of rooftop solar systems in the United States.[111] More than 85% of unaffiliated Tesla and SolarCity shareholders voted to approve the acquisition,[112][113] which closed on November 21, 2016.[114]
After it acquired SolarCity, Tesla stopped using door to door sales tactics for solar systems; instead, it markets and sells its products at company showrooms. For a short time, Tesla partnered with Home Depot to sell solar and energy products through in store kiosks.[115] At the time, it did not provide a leasing option for solar panels, and consumers had to purchase them.[116]
Model 3 rollout
Model 3 was unveiled in March 2016. A week after the unveiling, global reservations totaled 325,000 units.[117][118] As a result of the demand for Model 3, in May 2016, Tesla advanced its 500,000 annual unit build plan (for all models) by two years to 2018.[119][120] This would in turn allow more Model 3 buyers to benefit from the full US$7,500 U.S. tax credit before the limit of 200,000 cars per maker since 2010 reduces the credit.[121][122]
On February 1, 2017, the company changed its name from Tesla Motors to Tesla.[123][124] In late March 2017, Tesla Inc. announced that Tencent Holdings Ltd., at the time China's "most valuable company," had purchased a 5% stake in Tesla for US$1.8 billion.[125][126] In 2017, Tesla surpassed Ford Motor Company and General Motors in market capitalization for a couple of months, making it the most valuable American automaker.[127][128] In June 2017, Tesla appeared for the first time in the Fortune 500 list.[127]
In the week preceding the debut on July 7, 2017, of the Model 3 sedan, Tesla's stock-market value declined by more than US$12 billion from a previous value of US$63 billion. The loss was a result of a combination of factors that disappointed investors. Demand for Tesla's existing luxury models, Model S and Model X, did not grow in the second quarter.[129] Brian Johnson of Barclays said that customer deposits for the Model S and Model X fell by US$50 million, potentially indicating that Tesla's introduction of the Model 3 could be adversely affecting their sales. Tesla predicted that luxury sales would reach 100,000 per year, below some analysts' expectations.[130]
Investors expressed concern about Tesla's plans for execution and its competitive risk, as Volvo Cars committed to introduce only electric and electric-assisted vehicles by 2019.[131][129] Johnson claimed that "Tesla will face intense competition by the next decade."[132]
Morningstar analyst David Whiston foresaw a revised, slower timetable for the Model 3 and a company acknowledgement of problems with building battery packs for its cars. In 2016 Musk predicted 100,000 Model 3 units would be sold in 2017, but that production may reach only 20,000 by December. Axel Schmidt, a managing director at consulting firm Accenture, said that Tesla's problems with Gigafactory 1 prove that increasing Model 3 production "remains a huge challenge".[132] In October 2017, Tesla reported delivery of 220 Model 3 cars, acknowledging this was "less than anticipated due to production bottlenecks".[133]
In early November 2017, Musk advised investors of a production delay that was primarily due to difficulties with the new battery that would allow Tesla to significantly reduce the manufacturing cost of the Model 3. The company was having difficulties with robots on the assembly line,[134] but the most serious issue was with one of the four zones in the battery manufacturing, caused by a "systems integration subcontractor", according to Musk.[135] "We had to rewrite all of the software from scratch for the battery module", he reported.[136] He assured investors that Tesla had "reallocated" top engineers to work on achieving a solution. By that time, Jon Wagner, director of battery engineering, had left the company.[137] Also in November, Musk postponed the target date for manufacturing 5000 of the vehicles per week from December 2017 to "sometime in March" 2018;[134] about which an analyst with Cowan and Company commented that "Elon Musk needs to stop over promising and under delivering".[138] On November 21, 2017, Bloomberg stated that "over the past 12 months, the electric-car maker has been burning money at a clip of about $8,000 a minute (or $480,000 an hour)" preparing for Model 3.[139]
In April 2018, Musk increased the 5000 per week number by 20%, forecasting Tesla could achieve 6,000 units per week by the end of June 2018.[140] When asked when the company would reach a production level of 10,000 units per week, he declined to speculate.[136]
Tesla sold around 140,000 Model 3 vehicles worldwide in 2018.[141][142]
In 2016, BYD Auto was the world's top selling plug-in car manufacturer with 101,183 units sold, followed by Tesla with 76,243.[143][144] However, Tesla revenues ranked first with $6.35 billion, while BYD notched $3.88 billion.[145] Also in 2016, Tesla sold $1 billion worth of cars in China, the world's largest market for electric vehicles. In October of the following year it reached an agreement with the Chinese government to build a factory in Shanghai.[146]
After ranking third by brand in 2017, behind BYD and BAIC,[150] Tesla ranked as the world's best selling plug-in passenger car manufacturer in 2018, both as a brand and by automotive group, with 245,240 units delivered, capturing a market share of 12% of all plug-in cars sold globally in 2018,[147][148][151] followed by BYD Auto with 227,152 plug-in passenger cars delivered.[151][152]
In August 2015, Tesla launched a revamp of its stores to include interactive displays focused on safety, autopilot, charging network and motors.[153] As of October 2016, Tesla operated about 260 galleries or retail locations in the United States.[154] In June 2016, Tesla opened its first store-within-a-store: a small outpost within the Nordstrom department store at The Grove shopping mall in Los Angeles.[155] In 2017, Tesla opened retail locations in Dubai and South Korea.[156]
Foreseeing Germany as its second market after the U.S. (and the largest in Europe), in 2016 Tesla stated the Netherlands Vehicle Authority -issued Whole Vehicle Type Approval (WVTA) should be accepted as a legal compliance document, with no need to seek specific national type of approvals in EU member states.[157] In 2017, Tesla had a $52 million marketing budget and used a referral program and word of mouth to attract buyers.[158]
2018 consideration of taking Tesla private
In a tweet on August 7, 2018, Elon Musk said: "Am considering taking Tesla private at $420. Funding secured."[159][160] On Tesla's blog Musk elaborated that Tesla's status as a public company subjects it to the quarterly earnings cycle that puts enormous pressure on the company to make decisions that may be right for a given quarter, but not necessarily right for the company's long-term growth. Additionally, as the most shorted stock in the history of the stock market, being a publicly traded company means that there are large numbers of investors who may have the incentive to attack the company.[161] Musk released a considerably more detailed statement on the Tesla Blog the following week indicating that the proposal was by him in his personal capacity, and not as CEO of Tesla. Furthermore, he indicated that he had high confidence in the funding being secured based on discussions with the managing director of the Saudi sovereign wealth fund who had requested Musk consider taking Tesla private and indicated strong capital support for doing so.[162] On August 24, Musk released a statement indicating that both he and the Tesla Board of Directors had made the decision for the company to remain public.[163][164] In September 2018, Musk was sued by the U.S. Securities and Exchange Commission for the tweet claiming that funding had been secured for taking Tesla private. The lawsuit characterized the tweet as false, misleading, and damaging to investors, and sought to bar Musk from serving as CEO for publicly traded companies.[165][166] Musk settled with the SEC two days later. The settlement terms required Musk to step down as chairman, and prohibited him from running for chairman again for three years. Additionally, he and Tesla Inc. were fined US$20M each to reimburse investors who were harmed by Musk's tweet.[167][168]
Financials
Tesla has financed operations (production, development, administration, etc.) by sales income, stock offering and bond sales. In May 2013 Tesla raised US$1.02 billion (US$660 million from bonds) partially to repay the Department of Energy loans received from the ATVM loan program after their first profitable quarter.[169][170] In February 2014 Tesla raised US$2 billion from bonds to build the first GigaFactory.[170] In August 2015, Tesla raised US$738 million in stock to build the Model X.[171] In May 2016, Tesla raised US$1.46 billion in stock to build the Model 3.[172] By 2016, Tesla had raised over US$4.5 billion since its IPO in 2010.[173]
Tesla entered the Interbrand Top100 Best Global Brands in 2016 in position 100 with a brand valuation of US$4 billion.[174] In 2020, Kantar rated Tesla's brand as worth US$11.35 billion, behind Toyota, Mercedes and BMW, but ahead of all other auto makers, and the only automotive brand whose value increased since the previous year.[175]
On October 26, 2016, Tesla posted a profitable quarter, their first in 8 quarters, defying industry expectations.[176]
According to the Wall Street Journal, in September 2018, the company's stock fell to its lowest price in a year, around the time that CEO Elon Musk smoked marijuana during a live TV interview.[177]
As of December 31, 2019, Musk owns 38,658,670 Tesla shares or 20.8% of the company.[178]
On January 10, 2020, Tesla become the most valuable American automaker to ever exist, with a market capitalization of US$86 billion.[179] On July 1, 2020, Tesla reached a market capitalization of US$206 billion, surpassing Toyota's US$202 billion to become the world's largest automaker by market capitalization.[180]
Tesla issued US$2 billion of new shares on February 18, 2020.[181]
From July 2019 to June 2020, Tesla recorded four profitable quarters in a row for the first time, which made it eligible for inclusion in the S&P 500.[182]
On August 12, 2020, Tesla announced a 5-for-1 stock split, which took effect on August 31, 2020.[183]
Timeline of production and sales
Tesla's global sales passed 250,000 units in September 2017,[184][185] and its 300,000th vehicle was produced in February 2018.[186] Tesla's global sales achieved the 500,000 unit milestone in December 2018.[187] Tesla's global vehicle sales increased 50% from 245,240 units in 2018 to 367,849 units in 2019.[188] On March 9, 2020, the company produced its 1 millionth electric car.[189] In September 2021, Tesla sold its 2 millionth electric car, becoming the first auto manufacturer to achieve such a milestone.[190] At the end of 2021, Tesla's global sales since 2012 totaled over 2.3 million units.[1]
- Model S
- Model X
- Model S/X
- Models Other Than 3/Y
- Model 3
- Model 3/Y
Quarter | Cumulative production |
Total production |
Roadster sales[a] |
Model S sales |
Model X sales |
Model 3 sales |
Model Y sales[b] |
Total sales[c] |
In transit[d] | Source |
---|---|---|---|---|---|---|---|---|---|---|
Q1 2011 | N/A | N/A | 145 | 145 | [191] | |||||
Q2 2011 | N/A | N/A | 190 | 190 | [191] | |||||
Q3 2011 | N/A | N/A | 184 | 184 | [192] | |||||
Q4 2011 | N/A | N/A | 150 | 150 | [193] | |||||
Q1 2012 | N/A | N/A | 99 | 99 | [194] | |||||
Q2 2012 | N/A | 50 | 89 | 29 | 118 | [195][196] | ||||
Q3 2012 | N/A | 350+ | 68 | 253 | 321 | [197] | ||||
Q4 2012 | N/A | 2,750+ | 32 | 2,400 | 2,432 | [198] | ||||
Q1 2013 | N/A | 5,000+ | 4,900 | 4,900 | [199] | |||||
Q2 2013 | N/A | N/A | 5,150 | 5,150 | [200] | |||||
Q3 2013 | N/A | N/A | 5,500+ | 5,500+ | [201] | |||||
Q4 2013 | ~34,851 | 6,587 | 6,892 | 6,892 | [202] | |||||
Q1 2014 | ~41,438 | 7,535 | 6,457 | 6,457 | [203] | |||||
Q2 2014 | ~48,973 | 8,763 | 7,579 | 7,579 | [204] | |||||
Q3 2014 | ~57,736 | ~7,075 | 7,785 | 7,785 | [205] | |||||
Q4 2014 | 64,811 | 11,627 | 9,834 | 9,834 | [206] | |||||
Q1 2015 | 76,438 | 11,160 | 10,045 | 10,045 | [207] | |||||
Q2 2015 | 89,245 | 12,807 | 11,532 | 11,532 | [208] | |||||
Q3 2015 | 102,336 | 13,091 | 11,597 | 6 | 11,603 | [209] | ||||
Q4 2015 | 116,373 | 14,037 | 17,272 | 206 | 17,478 | [210] | ||||
Q1 2016 | 131,883 | 15,510 | 12,420 | 2,400 | 14,820 | 2,615 | [120] | |||
Q2 2016 | 150,228 | 18,345 | 9,764 | 4,638 | 14,402 | 5,150 | [211][212] | |||
Q3 2016 | 175,413 | 25,185 | 16,047 | 8,774 | 24,821 | 5,065 | [213] | |||
Q4 2016[e] | 200,295 | 24,882 | 12,700 | 9,500 | 22,254 | 6,450 | [214][215] | |||
Q1 2017 | 225,713 | 25,418 | ~13,450 | ~11,550 | 25,051 | ~4,650 | [216] | |||
Q2 2017 | 251,421 | 25,708 | ~12,000 | ~10,000 | 22,026 | ~3,500 | [217][218] | |||
Q3 2017 | 276,757 | 25,336 | 14,065 | 11,865 | 222 | 26,137 | 4,820 | [219][184] | ||
Q4 2017 | 301,322 | 24,565 | ~15,200 | ~13,120 | 1,542 | 29,967 | 3,380 | [220][221][222] | ||
Q1 2018 | 335,816 | 34,494 | 11,730 | 10,070 | 8,182 | 29,997 | 6,100 | [223] | ||
Q2 2018 | 389,155 | 53,339 | 10,930 | 11,370 | 18,440 | 40,740 | 15,058 | [224][225] | ||
Q3 2018 | 469,297 | 80,142 | 14,470 | 13,190 | 56,065 | 83,725 | 11,824 | [226][227] | ||
Q4 2018 | 555,852 | 86,555 | 13,500 | 14,050 | 63,359 | 90,700 | 2,907 | [228][229] | ||
Q1 2019 | 632,952 | 77,100 | 12,100 | 50,900 | 63,000 | 10,600 | [230] | |||
Q2 2019 | 720,000 | 87,048 | 17,650 | 77,550 | 95,200 | 7,400 | [231][232] | |||
Q3 2019 | 816,155 | 96,155 | 17,483 | 79,703 | 97,186 | [233] | ||||
Q4 2019 | 921,046 | 104,891 | 19,475 | 92,620 | 112,095 | [234] | ||||
Q1 2020 | 1,023,718 | 102,672 | 12,230 | 76,266 | 88,496 | [234] | ||||
Q2 2020 | 1,105,990 | 82,272 | 10,614 | 80,277 | 90,891 | [234] | ||||
Q3 2020 | 1,251,026 | 145,036 | 15,275 | 124,318 | 139,593 | [234] | ||||
Q4 2020 | 1,430,783 | 179,757 | 18,966 | 161,701 | 180,667 | [234] | ||||
Q1 2021 | 1,611,121 | 180,338 | 2,030[f] | 182,847 | 184,877 | [235] | ||||
Q2 2021 | 1,817,542 | 206,421 | 1,895 | 199,409 | 201,304 | [235] | ||||
Q3 2021 | 2,055,365 | 237,823 | 9,289 | 232,102 | 241,391 | [235] | ||||
Q4 2021 | 2,361,205 | 305,840 | 11,766 | 296,884 | 308,650 | [235] | ||||
Q1 2022 | 2,666,612 | 305,407 | 14,724 | 295,324 | 310,048 | [235] | ||||
Q2 2022 | 2,925,192 | 258,580[g] | 16,162 | 238,533 | 254,695 | [236] | ||||
Q3 2022 | 3,291,115 | 365,923 | 18,672 | 325,158 | 343,830 | [236] | ||||
Q4 2022 | 3,730,816 | 439,701 | 17,147 | 388,131 | 405,278 | [236] | ||||
Q1 2023 | 4,171,624 | 440,808 | 10,695 | 412,180 | 422,875 | [236] | ||||
Q2 2023 | 4,651,324 | 479,700 | 19,225 | 446,915 | 466,140 | [236] | ||||
Q3 2023 | 5,081,812 | 430,488 | 15,985 | 419,074 | 435,059 | [237] | ||||
Q4 2023 | 5,576,801 | 494,989 | 22,969[h] | 461,538 | 484,507 | [237] | ||||
Q1 2024 | 6,010,172 | 433,371 | 17,027 | 369,783 | 386,810 | [237] | ||||
Q2 2024 | 6,421,003 | 410,831 | 21,551 | 422,405 | 443,956 | [237] | ||||
Q3 2024 | 6,890,799 | 469,796 | 22,915 | 439,975 | 462,890 | [237] |
- ^ Deliveries for the Roadster began February 2008. At the end of 2012 Tesla sold a total of 2,450 Roadsters.
- ^ Model Y started production in January 2020 and started shipping in March 2020. Tesla is reporting sales of Model 3 and Model Y as combined sales, starting with 2020-Q1.
- ^ Sales are only counted as sold when delivered to end customer and all paperwork is correct
- ^ Goods in transit are produced but not counted as sold until delivered. Tesla no longer reports in transit numbers.
- ^ Sales by model do not add up to total, these were preliminary figures reported by Tesla. Only total sales is final figures are reported by Tesla, as breakdown by model is not typically provided.
- ^ Production of Model S and X was suspended during Q1 2021 to prepare for production of refreshed models later in the year.
- ^ Giga Shanghai faced severe production slowdowns in April and May due to strict COVID-19 lockdown.
- ^ Q4 2023 onwards this column also include Cybertruck sales.
Tesla deliveries vary significantly by month due to regional issues such as car carrier availability and registration. Tesla does not follow the former auto industry standard of monthly reporting; GM and Ford changed from monthly to quarterly sales reporting in 2018 and 2019.[238] Some monthly sales are estimated by media.[239]
References
- ^ a b Kane, Mark (January 27, 2022). "Tesla Q4 2021 Final EV Delivery Numbers And Outlook". InsideEVs. Retrieved January 27, 2022.
Cumulatively, Tesla sold over 2.3 million electric cars.
- ^ a b c d e Vance, Ashlee (May 19, 2015). Elon Musk : Tesla, SpaceX, and the quest for a fantastic future (First ed.). New York, NY. pp. 151–155. ISBN 978-0-06-230123-9. OCLC 881436803.
On July 1, 2003, Eberhard and Tarpenning incorporated their new company. " "The third desk was occupied a few months later by Ian Wright..." "...the three men went hunting for some venture capital funding in January' 2004." "With an investment of $6.5 million, Musk had become the largest shareholder of Tesla and the chairman of the company." "Straubel stopped by the office for a meeting, and was hired right away in May 2004...
{{cite book}}
: CS1 maint: location missing publisher (link) - ^ Reed, Eric. "History of Tesla: Timeline and Facts". TheStreet. Retrieved August 21, 2020.
- ^ Shao, Xuan; Wang, Qin; Yang, Haoyi (2021). "Business Analysis and Future Development of an Electric Vehicle Company--Tesla". Proceedings of the 2021 International Conference on Public Relations and Social Sciences (ICPRSS 2021). Vol. 586. Kunming, China. doi:10.2991/assehr.k.211020.188. ISBN 978-94-6239-440-7. S2CID 240095063.
{{cite book}}
: CS1 maint: location missing publisher (link) - ^ "Elon Musk on Twitter". Retrieved June 9, 2017.
- ^ "The 21st Century Electric Car" (PDF). September 24, 2007. pp. 6–8. Archived from the original (PDF) on December 3, 2007.
the better the performance, the worse the mileage. But there is one car that is way off the curve: the Tesla Roadster. This car is clearly based on a disruptive technology – it simultaneously offers great acceleration and high energy efficiency.
- ^ Musk, Elon (December 9, 2018). "Major credit to AC Propulsion for the tzero electric sports car 1997–2003 that inspired Tesla Roadster. Without that, Tesla wouldn't exist or would have started much later.pic.twitter.com/NxCgYO9JXx". @elonmusk. Retrieved December 9, 2018.
- ^ Musk, Elon (May 31, 2016). "Elon Musk recounts Tesla's history at 2016 shareholders meeting (2016.5.31)". youtube.com. Retrieved July 31, 2019.
- ^ "Tesla: A Carmaker With Silicon Valley Spark". Bloomberg.com. July 30, 2007. Retrieved August 31, 2020.
- ^ Burns, Matt (October 8, 2014). "A Brief History of Tesla". TechCrunch. Archived from the original on July 17, 2015. Retrieved June 11, 2015.
Tesla was founded not by Elon Musk, but rather by Martin Eberhard and Marc Tarpenning in July 2003. The two bootstrapped the fledgling auto company until Elon Musk led the company's US$7.5 million Series A financing round in February 2004.
- ^ Third Row Tesla Podcast – Elon's Story – Part 1, retrieved April 17, 2020
- ^ "Tesla Motors History Timeline". March 22, 2014. Retrieved April 17, 2020.
- ^ LaMonica, Martin. "Tesla Motors founders: Now there are five". CNET. Retrieved April 17, 2020.
- ^ Musk, Elon. "CEO Elon Musk". Tesla Motors. Retrieved October 20, 2010.
- ^ Eberhard, Martin (July 25, 2006). "Lotus Position | Blog". Tesla Motors. Retrieved October 20, 2010.[self-published source]
- ^ "Tesla Motors Receives 'Environmental Leadership' Award from Global Green USA". Tesla Motors. Retrieved April 12, 2015.
- ^ "Tesla Roadster". Index. 2007. Archived from the original on January 18, 2012. Retrieved April 12, 2015.
- ^ "Elon Musk Envisions Tesla Electric Car as Low as $20K: Cleantech News". Gigaom.com. September 17, 2008. Archived from the original on March 12, 2015. Retrieved October 3, 2010.
- ^ Musk, Elon (August 2, 2006). "The Secret Tesla Motors Master Plan (just between you and me) No. 124". Tesla Motors. Archived from the original on August 2, 2010. Retrieved October 3, 2010. [self-published source]
- ^ a b c d "Tesla Funding Rounds | Startup Ranking". StartupRanking. Retrieved September 2, 2020.
- ^ Martin Eberhard (August 7, 2007). "Martin Eberhard of Tesla Motors speaks to the Motor Press Guild" (Flash video). Retrieved June 22, 2008.
- ^ "The Secret Tesla Motors Master Plan (just between you and me)". Tesla. Retrieved March 27, 2023.
- ^ Fehrenbacher, Katie (June 11, 2009). "Tesla Founder Eberhard Files Lawsuit Against Tesla's Elon Musk". gigaom.com. Archived from the original on February 1, 2017. Retrieved April 18, 2014.
- ^ a b c d Baer, Drake (November 11, 2014). "The Making Of Tesla: Invention, Betrayal, And The Birth Of The Roadster". Business Insider. Retrieved April 29, 2016.
- ^ Lambert, Fred (May 16, 2015). "Tesla's original team, where are they now?". Electrek. Retrieved April 29, 2016.
- ^ Lienert, Anita (January 11, 2008). ""Stealth Bloodbath" Roils Tesla Motors". Edmund's Inside Line. Retrieved February 8, 2008.
- ^ a b Ohnsman, Alan (January 19, 2009). "Detroit Auto No-Shows Put Startups Fisker, Tesla in Spotlight". Bloomberg L.P. Retrieved February 10, 2009.
- ^ Reed, John (July 24, 2009). "A New Start: FT:Elon Musk's ground-breaking electric car". Xinkaishi.typepad.com. Retrieved May 15, 2015.
- ^ Vance, Ashley (May 14, 2015). "Elon Musk's Space Dream Almost Killed Tesla". Bloomberg Business. Retrieved May 15, 2015.
- ^ Arrington, Michael (May 19, 2009). "Tesla Worth More Than Half A Billion Dollars After Daimler Investment". Techcrunch.com. Retrieved August 1, 2009.
- ^ Thompson, Cadie (December 1, 2015). "The Christmas miracle that saved Tesla". Business Insider. Reuters. Archived from the original on October 1, 2019.
we only narrowly survived
- ^ "Abu Dhabi takes part of Daimler's Tesla stake". MarketWatch. July 13, 2009. Retrieved August 8, 2009.
- ^ "Tesla gets long-awaited government loan". The Business Journals. Pacific Business news. June 24, 2009. Archived from the original on May 5, 2016. Retrieved April 12, 2015.
- ^ "Tesla Motors Bags Federal Cash". Driving Today. July 17, 2009. Archived from the original on May 28, 2016. Retrieved August 8, 2009.
- ^ Cole, Jay (May 22, 2013). "Tesla Repays Entire DoE Loan, Taxpayers MAKE $12 Million on the Deal". Inside EVs. Archived from the original on May 6, 2016. Retrieved May 23, 2013.
- ^ Berman, Bradley (February 12, 2020). "Trump budget kills loan program sought by EV-maker Lordstown Motors". Electrek. Retrieved April 17, 2020.
- ^ Garthwaite, Josie (August 7, 2009). "Tesla Motors Claims $1M July Profit (a First!), Thanks to Roadster 2". Gigaom. Archived from the original on December 13, 2013. Retrieved December 13, 2013.
- ^ a b Rao, Leena (September 15, 2009). "Tesla Puts Another 82.5 Million in the Tank". Techcrunch.com. Retrieved October 25, 2009.
- ^ "Supply agreement for products and services based on Lotus Elise technology". OneCLE. July 11, 2005. Retrieved September 21, 2013.
- ^ Bennett; Ahuja (March 22, 2010). "Contract Amendment Number 2". EDGAR Online. Archived from the original on October 20, 2013. Retrieved November 6, 2013.
- ^ "Tesla Extends Production Contract with Lotus". Automobile Magazine. March 30, 2010. Retrieved August 31, 2015.
- ^ "Tesla sells ZEV credits to Honda". Automotive World. June 4, 2010. Retrieved June 4, 2010.
- ^ "Form S-1, Registration Statement under The Securities Act of 1933: Tesla Motors, Inc". Securities and Exchange Commission. January 29, 2010. Retrieved January 30, 2010.
- ^ "Toyota investing in Tesla Motors". BBC News. May 21, 2010. Retrieved May 25, 2010.
- ^ a b "Press Releases" (Press release). Tesla Motors. Archived from the original on June 11, 2010. Retrieved June 28, 2010.
- ^ "Form S-1 Amendment, Registration Statement under The Securities Act of 1933: Tesla Motors, Inc". Securities and Exchange Commission. May 27, 2010. Retrieved June 2, 2010.
- ^ Previous post Next post (July 16, 2010). "Toyota, Tesla Resurrect the Electric RAV4 | Autopia". Wired. Retrieved October 3, 2010.
- ^ Ramsey, Mike (October 21, 2014). "Daimler sells Tesla stake for $780 Million". MarketWatch. Retrieved January 3, 2015.
- ^ Assis, Claudia (October 24, 2014). "Tesla opens higher; Toyota sells Tesla stock". MarketWatch. Retrieved January 3, 2015.
- ^ "How Competitors Made $1.5 Billion From Tesla Motors' Success". The Motley Fool. October 31, 2015. Retrieved September 7, 2016.
- ^ "Tesla Announces Pricing of Initial Public Offering".
- ^ Scholer, Kristen; Spears, Lee (June 29, 2010). "Tesla Posts Second-Biggest Rally for 2010 U.S. IPO". Bloomberg Businessweek. Archived from the original on June 30, 2010. Retrieved June 30, 2010.
- ^ Andrejczak, Matt (June 28, 2010). "Tesla Motors revs up $244 million IPO". MarketWatch. Retrieved October 3, 2010.
- ^ Lane, Charles (March 12, 2014). "Tesla takes on car dealerships in a fight to the death". The Washington Post. Retrieved May 20, 2015.
- ^ "Google almost bought Tesla when it had just two weeks of cash left". the Guardian. April 21, 2015. Retrieved September 13, 2016.
- ^ "Elon Musk Had a Deal to Sell Tesla to Google in 2013". Bloomberg.com. April 20, 2015. Retrieved September 13, 2016.
- ^ Yarow, Jay (April 20, 2015). "Elon Musk Nearly Sold Tesla to Google for $11 Billion". Inc.com. Retrieved April 18, 2020.
- ^ "Tesla Model S battery fire fix". Consumer Reports. Retrieved January 3, 2015.
- ^ "Tesla Model S catches fire at supercharger in Norway". Chicago Tribune. January 4, 2016. Retrieved January 7, 2016.
- ^ Park, JeeYeon (November 12, 2013). "Tesla's Musk: Stock's high price was a distraction, seems a better deal now". CNBC. Retrieved January 28, 2014.
- ^ Fangfang, Li; Xiaoying, Du (November 5, 2013). "Tesla opens doors in Beijing". China Daily USA. Retrieved December 16, 2013.
- ^ "2014 Form 10-Q, Tesla Motors, Inc" (PDF). US: U.S. Securities and Exchange Commission. November 7, 2014. Archived from the original (PDF) on February 13, 2017. Retrieved January 3, 2015.
- ^ Hicks, Maurice (December 15, 2014). "Summary of Fuel Economy Performance (Public Version)" (PDF). NHTSA/CAFE. p. 9. Archived from the original (PDF) on March 18, 2016. Retrieved October 8, 2015.
- ^ Spring, Jake (October 23, 2015). "CORRECTED-(OFFICIAL)-UPDATE 2-Tesla CEO says negotiating with China on local production". Reuters. US. Retrieved October 24, 2015.
- ^ Eric Loveday (October 26, 2015). "Elon Musk Tweets: Model 3 To Launch In ~2 Years – China & Europe Could Get Factories To Support Demand". InsideEVs.com. Retrieved October 27, 2015.
- ^ "Tesla Model 3 Price Announced; Elon Musk Confirms India Launch". NDTV auto. April 4, 2016. Retrieved May 10, 2016.
- ^ "Tesla plans battery plant in India: Elon Musk". Times of India. October 15, 2016. Retrieved May 10, 2016.
- ^ Tesla Motors (November 3, 2015). "Tesla Motors – Third Quarter 2015 Shareholder Letter" (PDF) (Press release). Palo Alto, California: Tesla Motors. Archived from the original (PDF) on November 21, 2015. Retrieved November 3, 2015. Tesla global electric car sales totaled 11,603 units during the third quarter of 2015, including six Tesla Model X units.
- ^ Jeff Cobb (November 3, 2015). "Tesla Q3 Earnings Induce After Hours Stock Market Spike". HybridCars.com. Retrieved November 4, 2015.
- ^ Tesla Motors (February 10, 2016). "Tesla Fourth Quarter & Full Year 2015 Update" (PDF). Tesla Motors. Retrieved February 10, 2016. A total of 17,478 units were delivered globally during the fourth quarter of 2015, including 206 Model X vehicles. Model S sales in the United States totaled 16,689 units in 2014 and 25,202 in 2015.
- ^ Nelson, Gabe (October 6, 2014). "Tesla's trump card? Used cars". Automotive News. Retrieved July 7, 2015.
- ^ Wenck, Kevin (July 27, 2016). "Tesla: Residual Value Guarantees (On Leased Vehicles) Did Not End In July". Seeking Alpha. Retrieved June 17, 2017.
- ^ Lambert, Fred (July 13, 2016). "Tesla discontinues 'Resale Value Guarantee' program for new vehicles to focus on low interest rates". Electrek. US. Retrieved August 22, 2016.
- ^ Joseph, Noah (May 4, 2015). "Tesla starts selling used Model S EVs online". Autoblog.com. Retrieved July 31, 2015.
- ^ Caldwell, Jessica (July 28, 2015). "Who Is the Used Tesla Model S Buyer?". Edmunds.com. Retrieved July 31, 2015.
- ^ "Pre-Owned Model S; Tesla Motors". Tesla Motors. Retrieved July 7, 2015.
- ^ Szymkowski, Sean (June 16, 2017). "Tesla changes warranty, cuts used Model S prices, to lure Model 3 buyers". Retrieved June 17, 2017.
- ^ Lambert, Fred (June 12, 2017). "Tesla's new batches of used cars are selling ludicrously fast". Electrek. US. Retrieved June 17, 2017.
- ^ "Pre-Owned Model S; Tesla Motors Canada". Tesla Motors. Retrieved September 27, 2015.
- ^ "Gebrauchtes Model S; Tesla Motors Österreich" (in German). Tesla Motors. Retrieved September 27, 2015.
- ^ "Model S d'occasion; Tesla Motors Belgique" (in French). Tesla Motors. Retrieved September 27, 2015.
- ^ "Brugt Model S; Tesla Motors Danmark" (in Danish). Tesla Motors. Retrieved September 27, 2015.
- ^ "Model S d'occasion; Tesla Motors France" (in French). Tesla Motors. Retrieved September 27, 2015.
- ^ "Gebrauchtes Model S; Tesla Motors Deutschland" (in German). Tesla Motors. Retrieved September 27, 2015.
- ^ "Pre-Owned Model S; Tesla Motors UK". Tesla Motors. Retrieved September 27, 2015.
- ^ "Tweedehands Model S; Tesla Motors Nederland" (in Dutch). Tesla Motors. Retrieved September 27, 2015.
- ^ "Brukt Model S; Tesla Motors Norge" (in Norwegian). Tesla Motors. Retrieved September 27, 2015.
- ^ "Begagnade Model S; Tesla Motors Sverige" (in Swedish). Tesla Motors. Retrieved September 27, 2015.
- ^ "Gebrauchtes Model S; Tesla Motors Schweiz" (in German). Tesla Motors. Retrieved September 27, 2015.
- ^ Bomey, Nathan. "A first in Michigan: Tesla buys Grand Rapids auto supplier". Detroit Free Press. Retrieved October 11, 2021.
- ^ Lambert, Fred (May 10, 2017). "Tesla breaks down its $135 million acquisition of Grohmann Engineering in new filing". Electrek. Retrieved February 9, 2019.
- ^ Hawkins, Andrew J. (November 21, 2016). "Tesla completes its $2.6 billion acquisition of SolarCity". The Verge. Retrieved September 14, 2020.
- ^ CNBC (November 8, 2017). "Tesla buys Perbix for factory automation". CNBC. Retrieved February 9, 2019.
- ^ Lambert, Frederic (June 4, 2020). "Tesla quietly acquired automated manufacturing firm to design factories". Electrek. Retrieved June 4, 2020.
- ^ Rathi, Akshat (February 5, 2019). "Tesla bought a battery company, and it's more about cash flow than batteries". Quartz. Retrieved February 9, 2019.
- ^ "Tesla is buying computer vision start-up DeepScale in a quest to create truly driverless cars". CNBC. October 2019. Retrieved January 3, 2020.
- ^ Jarratt, Emma (October 5, 2019). "Tesla acquires Canadian battery specialist, Hibar Systems". Electric Autonomy Canada. Electric Autonomy. Retrieved October 6, 2019.
- ^ Lienert, Paul (September 17, 2020). "The Musk Method: Learn from partners then go it alone". Reuters. Retrieved October 15, 2021.
- ^ "Which "surprise" new technologies will be released by Tesla Battery Day or push Tesla to new heights?_SMM | Shanghai Non ferrous Metals". news.metal.com. June 21, 2020. Retrieved October 15, 2021.
- ^ "Tesla to acquire German battery assembler, report says". Automotive News Europe. October 2, 2020. Retrieved October 6, 2020.
- ^ Müller, Karl (July 31, 2023). "Ganz still und leise: Darum übernimmt Tesla ein deutsches Unternehmen" [Very quietly: This is why Tesla is taking over a German company]. Chip (in German).
- ^ "Tesla acquires Michigan-based auto supplier". Detroit News. May 7, 2015. Retrieved September 14, 2016.
- ^ "First look inside new Tesla plant in West Michigan". WOODTV.com.
- ^ Morris, Charles (November 6, 2015). "Riviera Tool & Die reopens as Tesla Michigan". Charged Electric Vehicles. Retrieved June 4, 2020.
- ^ "Tesla acquisition revives hope at West Michigan tool and die maker". May 7, 2015.
- ^ "Tesla Tool and Die facility purchased in $100 million industrial property deal". MiBiz.com. September 24, 2017. Retrieved June 4, 2020.
- ^ Tesla Tool and Die, Auto Manufacturers, 5460 Executive Pkwy SE, Grand Rapids, MI 49512-5510
- ^ A look at the company Tesla just bought as the owner gets ~$10 million worth of TSLA shares, Electrek, 7 November 2017, accessed 5 June 2020.
- ^ "Tesla doubles down on automation, acquires Perbix maker of automated manufacturing equipment". Retrieved November 7, 2017.
- ^ Tesla quietly acquired automated manufacturing firm to design factories, Electrek, 4 June 2020, accessed 5 June 2020.
- ^ Bade, Gavin (August 1, 2016). "Tesla agrees to $2.6B price tag for SolarCity merger". Utility DIVE. Retrieved April 8, 2016.
- ^ "Tesla's Acquisition of SolarCity Receives Shareholder Approval". November 17, 2016. Retrieved November 17, 2016.
- ^ "Early Christmas Present For Elon Musk As Shareholders Bless Tesla-SolarCity Merger". Forbes. November 17, 2016. Retrieved November 22, 2016.
- ^ "Tesla – Current Report". Archived from the original on June 20, 2018. Retrieved November 26, 2016.
- ^ "Tesla pulls plug on Home Depot solar sales four months after national kickoff". USA TODAY. Retrieved January 28, 2019.
- ^ Miner, Dan (August 16, 2018). "Report: Tesla no longer committed to buying all solar modules made by Panasonic in Buffalo". Buffalo Business Journal. Retrieved August 25, 2018.
- ^ Hull, Dana (April 7, 2016). "Tesla Says It Received More Than 325,000 Model 3 Reservations". Bloomberg News. Retrieved April 7, 2016.
- ^ Baker, David R. (April 1, 2016). "Tesla Model 3 reservations top 232,000". San Francisco Chronicle. Retrieved September 14, 2016.
- ^ Goliya, Kshitiz; Sage, Alexandria (May 4, 2016). "Tesla puts pedal to the metal, 500,000 cars planned in 2018". Reuters. US. Retrieved May 5, 2016.
- ^ a b Tesla Motors (May 4, 2016). "Tesla shareholders letter:Tesla First Quarter 2016 Update" (PDF). Tesla Motors. Archived from the original (PDF) on June 1, 2016. Retrieved August 4, 2016.
- ^ "Notice 2009-89: New Qualified Plug-in Electric Drive Motor Vehicle Credit". Internal Revenue Service. August 15, 2014. Retrieved September 22, 2014.
- ^ Lambert, Fred (May 6, 2016). "Tesla's new Model 3 production plan will optimize access to the federal tax credit".
- ^ "Tesla Motors Is Officially Changing Its Name". February 1, 2017.
- ^ O'Kane, Sean (February 1, 2017). "Tesla Motors changes company name to just Tesla". The Verge. US. Retrieved February 3, 2017.
- ^ Yueh, Linda (April 13, 2017). "Why the Tencent-Tesla tie-up won Beijing's blessing". Nikkei Asian Review.
- ^ Higgins, Tim; Steele, Anne (March 29, 2017). "Tesla Gets Backing of Chinese Internet Giant Tencent". The Wall Street Journal. New York City. Retrieved March 30, 2017.
- ^ a b Isidore, Chris (June 7, 2017). "Tesla joins the Fortune 500". money.cnn.com. CNN. Retrieved June 11, 2017.
- ^ Isidore, Chris (July 7, 2017). "Tesla loses most valuable U.S. car company title after stock slide". CNN.com. Retrieved July 8, 2017.
- ^ a b "Tesla's value drops $12 billion ahead of Model 3 rollout". The Economic Times. July 8, 2017. Retrieved July 30, 2017.
- ^ Ferris, Robert (May 4, 2017). "Tesla shares drop as investors worry Model 3 will be too good". CNBC. Retrieved July 30, 2017.
- ^ "Geely's Volvo to go all electric with new models from 2019". CNBC. July 5, 2017. Retrieved December 27, 2017.
- ^ a b Boudette, Neal E. (July 6, 2017). "Tesla Loses No. 1 Spot in Market Value Among U.S. Automakers". The New York Times. ISSN 0362-4331. Retrieved July 30, 2017.
- ^ "Tesla Q3 2017 Vehicle Deliveries and Production (NASDAQ:TSLA)". ir.Tesla.com. Archived from the original on June 22, 2018. Retrieved January 29, 2019.
- ^ a b Holley, Peter (November 3, 2017). "Analysis – Sleepless nights, broken robots and mounting pressure: Musk offers rare glimpse inside Tesla's 'production hell'". Retrieved November 6, 2017 – via www.WashingtonPost.com.
- ^ Ferris, Robert (November 1, 2017). "Tesla Model 3 production was slow because a supplier 'really dropped the ball' said Elon Musk". CNBC. Retrieved November 6, 2017.
- ^ a b "Elon Musk Says This Is Tesla's 'Biggest Problem'". Fortune.com. November 1, 2017. Retrieved November 6, 2017.
- ^ "Tesla's head of battery engineering exits". Reuters. November 6, 2017.
- ^ "Tesla must stop overpromising, could need more finance: analysts". Reuters. November 2, 2017. Retrieved November 5, 2017.
- ^ "Tesla's Burning Through Nearly Half a Million Dollars Every Hour". Bloomberg. November 21, 2017.
It's blowing through more than $1 billion a quarter thanks to massive investment in making the Model 3
- ^ Isidore, Chris (April 18, 2018). "Tesla will start working 24/7 to crank out Model 3s". CNN Money. CNN. Retrieved April 22, 2018.
- ^ O'Kane, Sean (February 22, 2019). "Tesla's Model 3 was the best-selling EV in the world last year". The Verge. Retrieved August 21, 2020.
- ^ "Tesla Fourth Quarter & Full Year 2018 Update". Palo Alto: Tesla. January 30, 2019. Archived from the original on January 30, 2019. Retrieved January 30, 2019.
In Q4, we delivered 63,359 Model 3 vehicles to customers in North America.
- ^ Cobb, Jeff (January 26, 2017). "Tesla Model S Is World's Best-Selling Plug-in Car For Second Year In A Row". HybridCars.com. Retrieved January 31, 2017.
- ^ Sharan, Zachary (February 4, 2017). "Tesla Model S & Nissan LEAF Clocked As World's Best-Selling Electric Cars In 2016". CleanTechnica. Retrieved February 4, 2017.
- ^ Fehrenbacher, Katie (March 14, 2017). "Tesla, BYD Jockey for Electric Car World Domination". Green Tech Media. Retrieved March 15, 2017. Revenue figures from Bloomberg New Energy Finance.
- ^ Morris, David Z. (October 22, 2017). "Tesla Reaches Deal to Build Factory in China: It sold $1 billion worth of cars there in 2016". Fortune.com. Time, Inc. Retrieved October 24, 2017.
- ^ a b Jose, Pontes (January 31, 2019). "Global Top 20 – December 2018". EVSales.com. Archived from the original on February 1, 2019. Retrieved February 2, 2019. "Global sales totaled 2,018,247 plug-in passenger cars in 2018, with a BEV:PHEV ratio of 69:31, and a market share of 2.1%. The world's top selling plug-in car was the Tesla Model 3, and Tesla was the top selling manufacturer of plug-in passenger cars in 2018, followed by BYD."
- ^ a b Jose, Pontes (February 3, 2019). "2018 Global Sales by OEM". EVSales.com. Retrieved February 3, 2019. "Tesla led plug-in car sales among automotive groups in 2018, with 245,240 units delivered, followed by BYD with 229,338, and the Renault-Nissan Alliance with 192,711."
- ^ Jose, Pontes (January 31, 2020). "Global Top 20 – December 2019". EVSales.com. Retrieved May 16, 2020. "Global sales totaled 2,209,831 plug-in passenger cars in 2019. The world's top selling plug-in car was the Tesla Model 3 with 300,075 units delivered, and Tesla was the top selling manufacturer of plug-in passenger cars in 2019 with 367,820 units, followed by BYD with 229,506."
- ^ Kane, Mark (January 26, 2018). "BYD #1 In World For Plug-In Electric Car Sales In 2017, Beats Tesla Again". InsideEVs.com. Retrieved January 14, 2019. "BYD sold 108,612 passenger plug-in cars in China in 2017, enough to make it the world's top selling plug-in car manufacturer for the third year in a row."
- ^ "BYD NEV sales in 2018 exceed 240,000 units". Gasgoo. January 8, 2019. Retrieved January 14, 2019. BYD Auto sold 247,811 new energy vehicles in 2018 (including commercial heavy-duty vehicles), up 118% from 2018, of which, 227,152 were passenger cars, consisting of 103,263 units all-electric cars and 123,889 units were plug-in hybrid vehicles. In addition, 20,659 new energy commercial vehicles were sold in 2018.
- ^ Hull, Dana (August 21, 2015). "Thanks for Buying a $100,000 Tesla. Want a Tote Bag With That?". Bloomberg News Business. Retrieved August 21, 2015.
- ^ Snavely, Brent (October 7, 2016). "Auto dealers chief warns of Tesla direct sales model". Detroit Free Press. US. Retrieved July 9, 2019 – via USA Today.
- ^ Isidore, Chris (July 15, 2016). "Tesla opens a store inside Nordstrom". CNN Money.
- ^ Thompson, Cadie (May 4, 2017). "Tesla Plans to Open More Retail Locations Ahead of Model 3 Launch". Business Insider – via Inc.
- ^ Nienaber, Michael; Wagner, Rene (July 8, 2016). "Germany denies investigating Tesla over software updates". Reuters. Archived from the original on August 4, 2016.
- ^ "Annual IRS report of Tesla, Inc. on Form 10-K for the year ended December 31, 2016". ir.tesla.com. March 1, 2017. Archived from the original on March 3, 2017. Retrieved July 24, 2017.
- ^ @elonmusk (August 7, 2018). "Am considering taking Tesla private at $420. Funding secured" (Tweet). Retrieved August 14, 2018 – via Twitter.
- ^ Shaban, Hamza (August 14, 2018). "Tesla forms special committee to consider going private". Washington Post. Retrieved August 15, 2018.
- ^ Rood, David A. (August 20, 2018). "Is Tesla's Bid to Privatize a Clever Move to Put off Insolvency?". The National Law Review. Foley & Lardner LLP. Retrieved September 7, 2018.
- ^ Update on Taking Tesla Private, Tesla Blog, Elon Musk, August 13, 2018, accessed August 21, 2018.
- ^ Boudette, Neal E. (August 24, 2018). "Tesla Will Not Go Private, Elon Musk Says, Capping Month of Turmoil". New York Times. Retrieved August 25, 2018.
- ^ Staying Public, Tesla Blog, Elon Musk, August 24, 2018, accessed August 25, 2018.
- ^ Goldstein, Matthew (September 27, 2018). "S.E.C. Sues Tesla's Elon Musk for Fraud and Seeks to Bar Him From Running a Public Company". The New York Times. Retrieved September 27, 2018.
- ^ O'Kane, Sean; Lopatto, Elizabeth (September 27, 2018). "Elon Musk sued by SEC for securities fraud". www.theverge.com. Retrieved September 27, 2018.
- ^ "Musk out as Tesla chair over fraud case". BBC News. September 29, 2018. Retrieved September 29, 2018.
- ^ Wattles, Jackie. "Elon Musk agrees to pay $20 million and quit as Tesla chairman in deal with SEC". CNNMoney. Retrieved September 29, 2018.
- ^ "UPDATE 1-Tesla Motors raises more than $1 billion from debt, equity". Reuters. May 17, 2013. Archived from the original on August 14, 2018.
- ^ a b Mead, Charles (February 28, 2014). "Tesla Raises $2 Billion With Convertible Debt to Finance Factory". Bloomberg News. Archived from the original on June 20, 2018.
- ^ Hull, Dana (August 19, 2015). "Tesla Stock Sale Raises $738 Million as Banks Buy Option Shares". Bloomberg News.
- ^ Lambert, Fred (June 16, 2016). "Tesla applied for a $106 million tax break on $1.26 billion expansion of Fremont Factory for the Model 3".
- ^ "Tesla raises $1.46 billion in stock sale: IFR". Reuters. May 20, 2016.
- ^ "Tesla – Rankings – 2016 – Best Global Brands". Interbrand. Archived from the original on October 14, 2016. Retrieved October 14, 2016.
- ^ Szymkowski, Sean. "Tesla improves, but Toyota remains most valuable car brand". Roadshow. Retrieved September 20, 2020.
- ^ "Musk Throws 'Pie' at Naysayers as Tesla Posts Rare Profit". www.bloomberg.com. October 27, 2016. Retrieved April 17, 2020.
- ^ Higgins, Tim (September 7, 2018). "Tesla Shares Slide After More Executives Leave, Musk Interview". Wall Street Journal. ISSN 0099-9660. Retrieved September 24, 2018.
- ^ "Tesla 2020 Proxy Statement". www.sec.gov. May 28, 2020. Retrieved September 20, 2020.
- ^ Chris Isidore. "Tesla is now the most valuable US automaker ever". CNN. Retrieved April 17, 2020.
- ^ Stevens, Pippa (July 1, 2020). "Tesla tops Toyota to become largest automaker by market value". CNBC. Retrieved July 1, 2020.
- ^ Ciara Linnane; Tomi Kilgore; Claudia Assis (February 18, 2020). "Tesla jolts market with $2 billion stock offering, SEC subpoena". MarketWatch. Archived from the original on April 8, 2020.
- ^ Kolodny, Lora (July 22, 2020). "Tesla reports fourth straight quarter of profits". CNBC. Retrieved July 23, 2020.
- ^ Anneken Tappe. "Apple and Tesla just announced stock splits. Here's what that means for your investments". CNN. Retrieved August 16, 2020.
- ^ a b "_Update_Letter_2017-3Q.pdf Tesla Third Quarter 2017 Update". Tesla. November 1, 2017. Archived from the original on January 11, 2018. Retrieved January 10, 2018.
- ^ Kane, Mark (October 4, 2017). "Tesla Has Delivered More Than 250,000 EVs, ~55% In The U.S." InsideEVs.com. Retrieved October 6, 2017.
- ^ "Tesla confirms having produced its 300,000th electric car". Electrek. February 14, 2018. Retrieved October 10, 2018.At the end of the 4Q 2017, Tesla had delivered over 286,000 cars since its inception.
- ^ Isodore, Chris (November 13, 2018). "Next up: Tesla vs the world". CNN. Retrieved November 15, 2018. By November 2018, Tesla has sold nearly 500,000 cars worldwide, which accounts for about 20% of all the battery-only electric vehicles on the road today, according to an estimate from Navigant Research.
- ^ Pontes, José (February 4, 2020). "EV Sales: 2019 sales by OEM". EV Sales. Retrieved April 17, 2020.
- ^ Lambert, Fred (March 10, 2020). "Tesla produces its 1 millionth electric car". Electrek. Retrieved April 17, 2020.
- ^ Kane, Mark (October 21, 2021). "Tesla Sold 2 Million Electric Cars: First Automaker To Reach Milestone". InsideEVs. Retrieved November 15, 2021.
- ^ a b "Tesla Motors, Inc. – Second Quarter 2011 Shareholder Letter" (PDF).
- ^ "Tesla Motors, Inc. – Third Quarter 2011 Shareholder Letter" (PDF).
- ^ "Tesla Motors, Inc. – Fourth Quarter & Full Year 2011 Shareholder Letter" (PDF).
- ^ "Tesla Motors, Inc. – First Quarter 2012 Shareholder Letter" (PDF).
- ^ "Tesla Motors, Inc. – Second Quarter 2012 Shareholder Letter" (PDF).
- ^ "2012 Tesla Model S: 50 Cars Built, 29 Delivered, Maker Says". Green Car Reports. Retrieved January 4, 2023.
- ^ Tesla Motors (November 5, 2012). "Tesla Motors, Inc. – Third Quarter 2012 Shareholder Letter" (PDF). Tesla Motors. Retrieved November 21, 2020. Over 250 Model S deliveries in Q3, exceeding target upper bound
- ^ Tesla Motors (February 20, 2013). "Tesla Motors, Inc. – Fourth Quarter & Full Year 2012 Shareholder Letter" (PDF). Tesla Motors. Retrieved November 21, 2020. Achieved 20,000 annualized production rate
- ^ Tesla Motors (May 8, 2013). "Tesla Motors – First Quarter 2013 Shareholder Letter". Tesla Motors. Archived from the original on July 12, 2020. Retrieved September 23, 2019. Record sales of $562 million, up 83% from last quarter
- ^ Tesla Motors (August 7, 2013). "Tesla Motors – Second Quarter 2013 Shareholder Letter". Tesla Motors. Archived from the original on July 12, 2020. Retrieved September 23, 2019. Record Q2 Model S deliveries of 7,579 vehicles.
- ^ Tesla Motors (November 5, 2013). "Tesla Motors – Third Quarter 2013 Shareholder Letter". Palo Alto, California: Tesla Motors. Archived from the original on July 12, 2020. Retrieved September 23, 2019. Record 5,500 Model S deliveries
- ^ "Tesla Motors – Fourth Quarter & Full Year 2013 Shareholder Letter". Tesla Motors. February 19, 2014. Archived from the original on July 12, 2020. Retrieved September 23, 2019. Record 6,892 Model S vehicles sold and delivered in Q4
- ^ Tesla Motors (May 7, 2014). "Tesla Motors – First Quarter 2014 Shareholder Letter". Tesla Motors. Archived from the original on July 12, 2020. Retrieved September 20, 2019. Record Q1 Model S production of 7,535 vehicles.
- ^ Tesla Motors (July 31, 2014). "Tesla Motors – Second Quarter 2014 Shareholder Letter". Tesla Motors. Archived from the original on July 12, 2020. Retrieved September 20, 2019. Record Q2 Model S deliveries of 7,579 vehicles.
- ^ Tesla Motors (November 5, 2014). "Tesla Motors – Third Quarter 2014 Shareholder Letter". Palo Alto, California: Tesla Motors. Archived from the original on July 12, 2020. Retrieved September 20, 2019. Highest ever quarterly deliveries at 7,785 vehicles, despite factory shutdown in July
- ^ "Tesla Motors – Fourth Quarter & Full Year 2014 Shareholder Letter". Tesla Motors. February 11, 2015. Archived from the original on July 12, 2020. Retrieved September 20, 2019.
- ^ Tesla Motors (May 6, 2015). "Tesla Motors – First Quarter 2015 Shareholder Letter" (PDF). Tesla Motors. Retrieved August 4, 2016. A total of 10,045 Model S cars were delivered globally during the first quarter of 2015.
- ^ Tesla Motors (August 5, 2015). "Tesla Motors – Second Quarter 2015 Shareholder Letter" (PDF). Tesla Motors. Retrieved August 4, 2016. A total of 11,532 Model S cars were delivered globally during the second quarter of 2015.
- ^ Tesla Motors (August 4, 2016). "Tesla Motors – Third Quarter 2015 Shareholder Letter" (PDF) (Press release). Palo Alto, California: Tesla Motors. Archived from the original (PDF) on November 21, 2015. Retrieved November 3, 2015. Tesla global electric car sales totaled 11,603 units during the third quarter of 2015, including six Tesla Model X units.
- ^ "Tesla Fourth Quarter & Full Year 2015 Update" (PDF). Tesla Motors. February 10, 2016. Retrieved February 10, 2016.
- ^ "Tesla Second Quarter 2016 Update" (PDF) (Press release). Palo Alto: Tesla Motors. August 3, 2016. Retrieved August 3, 2016. During the second quarter of 2016 Tesla Motors delivered 14,402 new vehicles consisting of 9,764 Model S and 4,638 Model X. Production during 2Q 2016 totaled 18,345 vehicles.
- ^ "Tesla Q2 2016 Vehicle Production and Deliveries" (Press release). Palo Alto: Tesla Motors. July 3, 2016. Retrieved August 3, 2016.
- ^ "Tesla Third Quarter 2016 Update" (PDF). Tesla Motors. Palo Alto. October 26, 2016. Retrieved October 27, 2016.
- ^ "Tesla Q4 2016 Production and Deliveries". Tesla Motors. Palo Alto. January 3, 2017. Archived from the original on June 20, 2018. Retrieved January 3, 2017.
- ^ "Tesla Fourth Quarter & Full Year 2016 Update" (PDF). Tesla Inc. Palo Alto. February 22, 2017. Archived from the original (PDF) on February 23, 2017. Retrieved February 22, 2017. Production totaled 24,882 vehicles in 4Q 2016 and vehicle deliveries totaled 22,252 units. No breakdown by model was provided.
- ^ "Tesla Q1 2017 Vehicle Production and Deliveries". Tesla Motors (Press release). Palo Alto: Market Wired. April 2, 2017. Archived from the original on June 20, 2018. Retrieved April 4, 2017.
Tesla (NASDAQ: TSLA) delivered just over 25,000 vehicles in Q1, of which approx 13,450 were Model S and approx 11,550 were Model X.
- ^ "UPDATE – Tesla Q2 2017 Vehicle Production and Deliveries". Tesla. July 7, 2017. Archived from the original on June 20, 2018. Retrieved July 10, 2017.
- ^ "Tesla Second Quarter 2017 Update (Letter to shareholders)" (PDF). Tesla. August 2, 2017. Archived from the original (PDF) on August 5, 2017. Retrieved August 5, 2017.
We delivered 22,026 Model S and Model X vehicles in Q2, for a total of 47,077 in the first half of the year.
- ^ "Tesla Q3 2017 Vehicle Deliveries and Production". Tesla. October 2, 2017. Archived from the original on June 22, 2018. Retrieved January 29, 2019.
- ^ "Tesla Q4 2017 Vehicle Production and Deliveries". Tesla. January 3, 2018. Archived from the original on June 22, 2018. Retrieved January 29, 2019.
- ^ "Tesla confirms having produced its 300,000th electric car". Tesla. February 14, 2018.
- ^ "Tesla Fourth Quarter & Full Year 2017 Update" (PDF). Tesla (Press release). Palo Alto: Tesla. February 7, 2017. Archived from the original (PDF) on February 8, 2018. Retrieved February 7, 2018.
In Q4, we delivered 28,425 Model S and Model X vehicles and 1,542 Model 3 vehicles, totaling 29,967 deliveries.
- ^ "Tesla First Quarter 2018 Update" (PDF). Tesla. Archived from the original (PDF) on May 27, 2018. Retrieved May 27, 2018.
- ^ "Tesla Second Quarter 2018 Delivery". Tesla. Retrieved July 22, 2018.
- ^ Donnelley, RR (August 1, 2018). Automotive Products. Tesla Second Quarter 2018 Update (Report). p. 2. Archived from the original on February 26, 2019. Retrieved August 2, 2018.
We produced 53,339 vehicles in Q2 and delivered 22,319 Model S and Model X vehicles and 18,449 Model 3 vehicles, totaling 40,768 deliveries.
- ^ "Tesla Third Quarter 2018 Delivery". Tesla. Retrieved October 2, 2018.
- ^ "Tesla Third Quarter 2018 Update". Palo Alto: Tesla. October 24, 2018. Archived from the original on October 24, 2018. Retrieved October 24, 2018.
- ^ "Tesla Fourth Quarter 2018 Delivery". Tesla. Retrieved January 2, 2019.
- ^ "Tesla Fourth Quarter & Full Year 2018 Update". Palo Alto: Tesla. January 30, 2019. Archived from the original on January 30, 2019. Retrieved January 30, 2019.
In Q4, we delivered 63,359 Model 3 vehicles to customers in North America.
- ^ "Tesla Q1 2019 Vehicle Production & Deliveries" (Press release). Palo Alto: Tesla. April 4, 2019. Retrieved April 4, 2019.
- ^ "Tesla Q2 2019 Vehicle Production & Deliveries" (Press release). Palo Alto: Tesla. July 2, 2019. Retrieved July 2, 2019.
- ^ Davies, Alex (July 3, 2019). "Tesla Model 3 Can Survive a Crash—and Avoid One, Too". Wired. US. Retrieved July 9, 2019.
- ^ "Q3 2019 Update" (Press release). Palo Alto: Tesla. October 23, 2019. Archived from the original on October 24, 2019. Retrieved January 7, 2020.
- ^ a b c d e "Tesla Fourth Quarter & Full Year 2020 Update" (PDF). Palo Alto: Tesla. January 27, 2021. Archived from the original (PDF) on April 6, 2021. Retrieved February 7, 2021.
- ^ a b c d e "Tesla Vehicle Production & Deliveries for First Quarter 2022". Austin: Tesla. April 20, 2022. Retrieved July 2, 2023.
- ^ a b c d e "Tesla Vehicle Production & Deliveries for Second Quarter 2023" (PDF). Austin: Tesla. July 19, 2023. Retrieved July 20, 2023.
- ^ a b c d e "Tesla Vehicle Production & Deliveries for Third Quarter 2024" (PDF). Austin: Tesla. October 23, 2024. Retrieved October 24, 2024.
- ^ "Tesla CEO Elon Musk: Here's Why We Don't Report Monthly Sales Figures". 2014. Retrieved September 24, 2016.
- ^ "Monthly Plug-In Sales Scorecard". 2016. Retrieved September 24, 2016.