Tesla Motors was founded in 2003 by a group of engineers in Silicon Valley who wanted to prove that electric cars could be better than gasoline-powered cars. With instant torque, incredible power, and zero emissions, Tesla’s products would be cars without compromise. Each new generation would be increasingly affordable, helping the company work towards its mission: to accelerate the world’s transition to sustainable transport.
Tesla’s engineers first designed a powertrain for a sports car built around an AC induction motor, patented in 1888 by Nikola Tesla, the inventor who inspired the company’s name. The resulting Tesla Roadster was launched in 2008. Accelerating from 0 to 60 mph in 3.7 seconds and achieving a range of 245 miles per charge of its lithium ion battery, the Roadster set a new standard for electric mobility. Tesla would sell more than 2,400 Roadsters, now on the road in more than 30 countries.
Tesla is not just an automaker, but also a technology and design company with a focus on energy innovation.
Closing share price
|FY, 2010||FY, 2011||FY, 2012||FY, 2013||FY, 2014||FY, 2015|
|$117 M||$204 M||$413 M||$2.01 B||$3.2 B||$4.05 B|
Cost of goods sold
|$80 M||$115 M||$372 M||$1.48 B||$2.15 B||$2.82 B|
|$36.8 M||$88.8 M||$41.6 M||$456 M||$888 M||$1.22 B|
Gross profit Margin, %
Operating expense total
|$992 K||$43 K||$254 K||$32.9 M||$101 M||$119 M|
Income tax expense
|$173 K||$489 K||$136 K||$2.59 M||$9.4 M||$13 M|
Operating cash flow