Tesla Motors: Revolutionizing the Car Business

Tesla Motors: Revolutionizing the Car Business

BackgroundFounded by Elon Musk who also founded PayPal and Space X.First IPO opened in June 2010.Sells cars that run purely on an electric motor. One of very few car companies to market and sell purely electric cars.

The Model SThe current performance Model S runs on a purely 310kW electric motor capable of producing over 416 horsepower and 443 ft-lb of torque.0-60 mph in 4.2 seconds.

All ElectricThe Model S is purely electric and has zero gas emissions.Has a 265 mile radius on full charge. 29miles per hour of charging.Charging stations starting to pop-up domestically.Map of charging stations: http://www.blogcdn.com/green.autoblog.com/media/2012/07/myford-ev-stations.jpg

Other FeaturesGlass panoramic roof that gives the convertible-like experience while blocking out heat and light.17 touch screen display in front seat.63.4 cubic feet of storage space.5/5 NHTSA safety rating.Competition Feeling the HeatTeslas competitors have seen a recent drop in sales in cars with a similar price range of the Model S. (Model S Basic Cost: $62,400).

Ordering One OnlineCan purchase a Model S through the internet and have it delivered to your home at http://www.teslamotors.comBypasses car dealerships.A Bright FutureTesla IPO (TSLA) currently valued at $144.70 per share with 14 million shares.Model X SUV to be released next year.$30k entry level model to be made in coming years.

References"Model S."Tesla Motors. Tesla Motors, n.d. Web. 8 Nov. 2013.Rogowsky, Mark. "Numbers Don't Lie: Tesla Is Beginning To Put The Hurt On The Competition."Forbes. Forbes Magazine, 24 Aug. 2013. Web. 10 Nov. 2013."Yahoo Finance - Business Finance, Stock Market, Quotes, News."Yahoo Finance. Yahoo, 29 June 2010. Web. 10 Nov. 2013.