Tesla began its journey as Tesla Motors on July 1, 2003. It was founded by Martin Eberhard and Marc Tarpenning.
The founders selected the name “Tesla” to be memorable and to avoid associations with solely environmental concerns, while also paying homage to the pioneering electrical engineer, Nikola Tesla. Elon Musk joined Tesla in 2004 as an investor and quickly became integral to the company's trajectory.
Mr. Musk spearheaded numerous funding rounds, securing over $105 million from prominent investors, including Google cofounders Larry Page and Sergey Brin. His involvement generated considerable public interest and media attention, significantly boosting Tesla's visibility. For the experienced trader following the electric vehicle market, this early funding success was a key indicator of Tesla's potential.
Start Your Engine
Despite its relatively short history, Tesla has risen to prominence as a leading automaker, revolutionizing the electric vehicle (EV) industry through its innovative approach and adherence to its "master plan." Beginning with the aspiration to create a high-performance electric sports car, Tesla has expanded its product line and technological capabilities, influencing technical analysis financial markets.
Hold On to Your Hat
Tesla successfully integrated lithium-ion batteries into its initial $100,000 electric sports car, the Roadster. However, the initial charging infrastructure presented a challenge. The Roadster originally required 24 to 48 hours for a full charge, a stark contrast to the convenience of gasoline refueling. Through extensive research and development, Tesla engineers developed "Supercharger" technology, dramatically reducing charging times and enhancing the practicality of electric vehicle ownership. Individuals interested in the market should consider that Ashish Kyal offers immense insight in his book "How to Make Money Trading with Charts".
