Tesla

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Tesla is a growing motor vehicles company founded in 2003 by a group of fearless Silicon valley engineers who set out to prove electric vehicles are practical and awesome. Martin Eberhard and Marc Tarpenning were responsible for creating the company. Leading the first investment was Elon Musk in February of 2004. In 2008 the company released the Tesla Roadster, to which there was no equal. The electric vehicle drives emission free in 37 countries. Tesla registered for an Initial public offering during January of 2010 and began trading on the NASDAQ exchange in June of the same year. When the market opened, shares sold at $17 dollars. At closing the price per share was $23.89, an increase of 40.5%, netting Tesla 226.1 million in funding. Investors saw potential in a company with a vision of the future that was back by an emerging Elon Musk. Elon Musk was born June 28, 1971 in Pretoria, South Africa. After earning a degree in physics from the Universty of Pennsyvania and a degree in business from the Wharton School at UPENN, Musk started Zip2. The web software company was sold for $307 million dollars. He received 7% or $22 million dollars from the sale. Musk moved on to co-found PayPal which was aquired by E-bay in 2002 for $1.5 billion in stock. The early growth of PayPal can be credited to the campaign created by Musk. Waisting no time, Musk founded his third company, Space Exploration Technologies(SpaceX), in 2002. With Musk as the CEO and CTO, SpaceX would become the first commercial company to dock with The International Space Station and return cargo. At Tesla he is the current CEO and Chief Product Architect. Working towards a sustainable energy economy where electric vehicles play a pivotal role in the transition has been Musk's central interest for 20 years, making Tesla a perfect fit. His vision would be out of reach without the rest of Tesla's…...

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...Corporate strategies for Tesla 1. Open patents As an electric car pioneer, Tesla had always playing a traditional IP game, holding more than 1,400 patents. However, on June 12, 2014, Tesla CEO Elon musk surprised all by releasing its patents and said that the company would not challenge infringements on most of its patents (Musk, 2014). Some say that this particular strategic move of Tesla will make the company suffer in the end since all its competitors could get access to its IP. But Elon Musk thinks different in his announcement by saying that instead of the small trickle of non-Tesla electric cars being produced, the true competition is the enormous flood of gasoline cars pouring out of the world’s factories everyday. The whole electric car industry and the world would benefit from a common, rapid-evolving technology platform (Musk, 2014). We perceived this strategy to be really effective and try to analyze impacts of this move on both the EV industry as a whole and on Tesla itself. * Creating affordable mass market of electric vehicles. By opening its patents, not only some small or medium-size car manufacturers but also some high-end premium car manufacturers like Mercedes could use Tesla’s technology to build EVs thus enlarge the EV market. Also that makes Tesla technology becomes a standard and most companies producing electric vehicles will dependent on Tesla’s improvement. * Promoting standardization. Tesla could set the industry standard...

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...Rahmatullah 1 Aly Rahmatullah Ms. Heeg Introduction to Business 20 December 2015 Elon Musk Did you know that the founder of Tesla was born in South Africa? Did you also know that Elon Musk taught himself computer programming at the age of 12? As a child, Elon Musk spent at least a minimum five hours reading every single day. In this paper you will learn about Elon Musk’s childhood, how he became an entrepreneur, and what he offered. Elon Musk was born on June 28th, 1971 in Pretoria, South Africa. He has a younger brother and a younger sister. His mom was a model in South Africa and his dad was an electromechanical engineer. His parents divorced in 1980, and he stayed with his dad in South Africa. At the age of ten, he discovered computer programming, and also sold a video game called Blastar to a magazine company for $500. Throughout his years in school, Elon Musk was bullied a lot, and once hospitalized due to injuries. He attended a private school in South Africa, then moved to live with his mom and attend college in Canada. At the age of 19, he was accepted into Queen’s University of Ontario for undergraduate study. In 1992, he transferred to University of Pennsylvania. He received his Bachelor’s of Science Degree in physics. He also received his Bachelor’s of Science Degree in economics at Wharton University. In 1995, he moved Rahmatullah 2 to California to get a PhD in physics at Stanford University. He left two days after he got there because he wanted to pursue......

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