In 1990, two California-based professionals, electrical engineer Martin Eberhard and computer designer Mark Tarpenning, met by chance and quickly realized that the technological advancements of the time presented a unique opportunity to create something new and profitable. Together, they founded Tesla Motors with the ambitious goal of creating the world's first mass-produced electric vehicle.
However, despite raising several million dollars from venture capital funds, family, and friends, the partners struggled to secure a key investor to help fund the company's growth. It wasn't until 2001 that they reached out to Elon Musk, who was impressed with their vision and agreed to invest in Tesla Motors and become its chairman of the board.
Over the past decade, Tesla has grown from an ambitious newcomer to a global leader in electric vehicles. The company invests heavily in research and development, and is known for hiring top-tier talent. Tesla has expanded its business in other countries, and many believe that its share price will continue to rise.
The potential of electric vehicles in the automotive industry is also an interesting aspect to consider. As electric vehicles become more popular, there is a growing market for alternative fuels and energy storage products. Entrepreneurs with successful business plans in this field stand to reap significant rewards.
Tesla's market capitalization of $55.5 billion, ahead of rivals General Motors and Ford, underscores its success. The company produced 509,737 electric vehicles in 2020 and has delivered electric vehicles to nearly 500,000 customers. Tesla's goal of providing 500,000 buyers with its products has nearly been achieved.
As Tesla continues to develop its infrastructure of independent filling stations around the world and innovate in its product offerings, demand for its cars is expected to continue to grow. Tesla is becoming more and more popular with each passing day, and its legendary electric vehicles remain in high demand. It's clear that the company's management has a great future ahead, and high trading volumes in Tesla stock indicate that the future of technology is here.