Ten Years After IPO, a Look Back at Tesla’s Extraordinary Decade.
Having grown from Silicon Valley gadfly, Tesla Inc. has become the world’s second-largest automaker by market capitalization in the decade since its initial public offering. It’s been a roller-coaster ride for the electric car makers shareholders who have experienced dizzying swoons on the way to record high thanks in part to self-inflicted crises.
Tesla have spurred the auto industry to embrace electrification as key to the future of mobility, whether they are profitable or not, they have impacted the luxury auto market forever more.
On June 2010, Tesla made its debut as a public company…The first initial public offering of a domestic automaker in a half century
Tesla’s stock Increased per share, a decade later. The company has grown the number of the employees and its influence on the global auto industry is unprecedented.
Despite the plenty doubters and some near-death experiences, Tesla’s market valuation is second to Toyota motors corp. among all carmakers.
Tesla no longer makes the roadster, but it sells four other models in market around the world. Besides design, one of the company’s biggest advantage lies with its batteries. A version of the flagship model S boosts a range of miles no other electric car comes close.
Their products create a lot of joy among the customers.
Down below are ten key moments that shaped Tesla’s extraordinary decade.
1) Government Lifeline.
In January 2010, the U.S. energy Department awarded a loan as part of the Advanced Technology Vehicle Manufacturing Program that president George W. Bush signed into law two years earlier. The funding came at a critical time when the nation was still clawing its way out of the Great Recession. I n may 2013, Tesla paid of the entire loan with interest. The DOE program has now become a model of clean- energy stimulus spending.
2) Fremont Factory
In May 2010, Tesla announced that it was buying the shuttered auto plant, formerly run by Toyota and General Motors Co. in Fremont, California. Akio Toyoda, Toyota’s president flew in to meet Musk for the announcement. The Fremont plant still produces the bulk of Tesla’s cars, but the company now has a second car assembly plant near Shanghai and is building a third close to Berlin.
3) Car of the Year.
Motor Trend named S its 2013 car of the year. It was the first winner in the history of the award not powered by an internal-combustion engine. The nod showed established automakers that battery-powered cars could be more than just nerdy science projects and gave Tesla brand a huge boast.
4) The ‘Giga Factory’
In September 2014, Tesla chased Nevada as the site for the automaker first-battery-production”gigafactory,” with Panasonic Corp. as its partner. The plant demonstrated Tesla’s drive to vertically integrate its supply chain all the way down to the battery-cell level. Tesla is now making moves to establish its own cell-manufacturing operation in Fremont and investors are eager to hear more at a “battery day” event in September.
5) Musk’s I phone Moment
Tesla unveiled Model 3 Sedan in March 2016 and customers lined-up in a way the world had grown accustomed to seeing consumers queue up for I phones. T he company is now trying to tap into a growing segment of the market with the Model Y crossover.
6) Autopilot Scrutiny
On May 2016, a devoted Tesla customer died when his Tesla Model S collided with a tractor trailer in Florida. Tesla’s Driver-assistance System Autopilot was engaged at the time and death was the first known fatality involving the Technology. U.S. regulators investigated but found no defects. Autopilot continues to come under Scrutiny and several other fatalities in the U.S. have been linked to the system.
7) Solar Sibling
In June 2016, Tesla made an offer to buy Solar city, a solar panel installer Musk founded with his cousins. Sola city was struggling financially and Tesla had just unveiled the Model 3, but announced a new tiled roof product to sell investors on the acquisition.
8) Funding Secured
In 2018, Tesla struggled to mass-manufacture the Model 3 and built an assembly line under massive outdoor tent to boost output. Scores of executives left. Musk shocked investors and his own executives when he tweeted about taking Tesla private and said he had “Funding Secured.” Three weeks later, in a late Friday night, he backtracked and said Tesla would remain public. A month later, the U.S. Securities and Exchange Commission sued Musk of security Fraud. The settlement stripped Musk of the chairman role for three years …meaning that Musk could become chair again in late 2021.
9) Shanghai Showing
Tesla scored a major win by becoming the first American Automaker to be allowed to build a manufacturing plant in China without a local joint –venture partner. Tesla’s factory started delivery of its first vehicle on January, one year after breaking ground.
China is the world’s largest auto market and huge part of Tesla’s future growth plans.
10) Cyber Truck Smash
In November, Musk unveiled the future cyber-track, an angular pickup shaped differently from a Ford-150. The real show stopper was when Tesla’s long-time design chief, smashed two of the truck’s ostensibly shatters proof windows with a metallic ball. The botched demo generated an enormous amount of buzz. Tesla want to build a plant for the cyber track in the U.S., and sites in Texas and Oklahoma are the two finalists.
Tesla has undergone a decade of revolution. Analyzing the ten key point view, gives a pinpoint precision that Tesla is one, the biggest automakers in the globe. Its market value is to be praised as a matter of fact, taking the changes that are enhanced each year to create more and better services to the customers, and what is expected? More income from the output.