Tesla - The Company That Changed the Automobile Industry

Founded in 2003, Tesla is an American multinational clean energy company that manufactures electric vehicles and related products. Its solar energy products are designed to power homes and businesses.

Since its founding, Tesla has developed a multi-pronged strategy to transform the automotive industry. This includes building an ecosystem of battery and solar powered vehicles, and reshaping its product architecture.

The company's hardware architecture includes a flat pack of batteries at the base of the car. It also has bakes that recoup energy as the car slows down.

The company's goal is to make electric cars affordable. It plans to release the first electric light-duty truck in 2023. It also has a series of charging stations in Europe and Asia. The charging infrastructure is the biggest barrier to the mass adoption of electric vehicles.

In order to produce its vehicles, Tesla built manufacturing centers in Reno, Nevada, Buffalo, New York, and Shanghai, China. It also began to build a network of Supercharger stations in the U.S. and Europe.

It has also invested in improved batteries. This has increased its energy density and enabled the company to reduce its center of gravity. This has helped the company overcome the system-level limitations it faced before.

In 2010, the company raised $226 million in an initial public offering (IPO). It changed its name from "Tesla Motors" to "Tesla, Inc." in 2017.

The company's stock was trading at around $17 per share when it went public. It was valued at more than $15 billion at the end of the year. This market value is larger than the combined value of Ford, FiatChrystalo, and GM.