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Tesla Motors is an American automobile firm that garnered instant reputation after introduction of its Tesla Roadster, which is the first fully electric sports car. This manufacturer develops and sells luxury electric cars, battery products and electric vehicle power-train components. Founded in the year 2003, Tesla has posted its profits for the first time in the year 2013. Currently, this firm is functioning as a public limited company and trades on the NASDAQ stock exchange with the symbol TSLA. After introducing a roadster model, it has rolled out a fully electric luxury sedan, 'Model S' as its second product followed by a crossover, 'Model X' as the third one. Currently, it is working on a new car named 'Model 3' and it is expected to be unveiled next year. Its luxury sedan is their most successful car and global sales have crossed more than 90000 units. Besides producing electric cars, Tesla also markets electric power-train components like lithium-ion battery packs to the world's reputed firms like Toyota and Daimler. Earlier this year, the company has also made an announcement with regards to Tesla Energy that produces batteries for homes, business entities and others. This firm envisions electric cars as the future of automobiles and is committed to offer sustainable mobility solutions at affordable prices. Currently, it is the only company in the industry that competes with itself. Other companies like General Motors are on a path to develop plug-in hybrid sedan Chevrolet Volt. However, it may take a couple of years for it to see daylight, eventually making way for Tesla to be the leader in this segment.
Inception of Tesla Motors happened twelve years ago in the Silicon Valley. Founded by a group of engineers in 2003, Tesla is currently employing more than 12000 employees and operates a revenue of 3 billion US dollars annually. Initial roots for the company was laid by Martin Eberhard and Marc Tarpenning, who incorporated the firm in July 2003 and financed it until the Series A round of funding. Elon Musk is the third member who led the Series A round of funding in February 2004. Soon after this, he joined the company's board of directors as the chairman. The company is named after Nikola Tesla, a physicist and an electrical engineer who pioneered AC induction Motor technology more than a century ago. With an aim to commercialize electric vehicles, Tesla motors started off its journey with a sports car and moved into the mainstream segment with a sedan and a crossover model. The company's engineers have developed the first fully electric sports car using the same AC induction motor technology, which was patented in 1888 by Nikola Tesla. In the year 2008, the Tesla Roadster was launched, whose pickup rate from 0 to 100 Kmph was clocked in just 3.8 seconds. The company has sold more than 2400 units of Roadsters in more than 30 countries across the globe. Its first ever luxury sedan was the Tesla Model S, which was launched in 2012. Earlier this year, it presented a full size crossover Model X, whose design is based on the Model S sedan. Currently it is working on Model 3, which is slated to go into mass-production by 2020.
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