Tesla, Inc. (formerly Tesla Motors, Inc.) is an American automotive and energy company based in Palo Alto, California. The company specializes in electric car manufacturing and, through its SolarCity subsidiary, solar panel manufacturing. It operates multiple production and assembly plants, notably Gigafactory 1 near Reno, Nevada, and its main vehicle manufacturing facility at Tesla Factoryin Fremont, California. As of June 2018, Tesla sells the Model S, Model X and Model 3 vehicles, Powerwall and Powerpack batteries, solar panels, solar roof tiles, and some related products.
Tesla was founded in July 2003, by engineers Martin Eberhard and Marc Tarpenning, under the name Tesla Motors. The company’s name was derived from physicist Nikola Tesla. In early Series A funding, Tesla Motors was joined by Elon Musk, J. B. Straubel and Ian Wright, all of whom are retrospectively allowed to call themselves co-founders of the company. Musk, who formerly served as chairman and is the current chief executive officer, said that he envisioned Tesla Motors as a technology company and independent automaker, aimed at eventually offering electric cars at prices affordable to the average consumer. Tesla Motors shortened its name to Tesla in February 2017.
After 10 years in the market, Tesla ranked as the world’s best selling plug-in passenger car manufacturer in 2018, both as a brand and by automotive group, with 245,240 units delivered and a market share of 12% of the plug-in segment sales. Tesla vehicle sales in the U.S. increased by 280% from 48,000 in 2017 to 182,400 in 2018, and globally were up by 138% from 2017.
Alexander Haissl of Berenberg said they are maintaining their bullish view on Tesla (TSLA) and see no reason to walk away from our price target of $500. His price target of $500 implies more than 100% upside in the next year.
Tesla investors are having definitely a bad year as TSLA stock has made them poorer by more than 30%. The Elon Musk-led company’s stock fell to two-year lows earlier this week.
Tron’s CEO Justin Sun provided the winners of his giveaway with a cash equivalent instead of Tesla cars. But the amount is lower than the real price.
Tesla plans to join the ride-hailing business as soon as 2020 with Elon Musk saying the owners whose cars participate in the Tesla network will keep up to 75% of the generated revenue.
Elon Musk laid out the automaker’s plan when it comes to self-driving, but now the CEO attaches a valuation prediction to it as the company attempts to raise over $2 billion.
With the latest trend in decentralized technology, cryptocurrency experts consider an absolute endorsement of the digital tokens by online gambling site in the near future.
Facebook’s Libra cryptocurrency gets backing from a high-ranking entity, Fitch, with the credit rating agency stating that Libra is more secure compared to the other existing virtual currencies.
The chairwoman of the House Financial Services Committee Maxine Waters announced that the panel will hold the second hearing next month on Facebook’s plan to develop a cryptocurrency-based payments platform Libra.
Under this new collaboration, VeChain will provide its entire blockchain infrastructure for real-time tracking of the products in Walmart’s supply chain.
StableUSD, a stablecoin created by Seattle-based venture-capital backed startup Stably, has just become the first stablecoin listed on Binance DEX.
SendFriend incorporates Ripple’s xRapid software to enable Filipinos in the US to cut costs while sending money back to the Philippines in seconds instead of days.
To celebrate TRON Independence Day, Justin Sun will hold livestream to summarize the achievements of the year and to reveal the plans for the future.