Tesla Inc.
By Mohammad Al Simadi
Tesla Inc. is an American company has been
founded by engineers Martin Eberhard and
Marc Trepanning in July 2003 under the name
Tesla Motors. The American energy and
automotive firm is based in California as well
as its specialize in manufacturing and,
through its SolarCity subsidiary, solar panel
manufacturing. In 2016, Tesla ranked as the
second world’s to selling plug-in with 76,243
unit sold, fist world’s top selling plugin in that
time was BYD Inc. with 101,183 unit sold.
However, Tesla’s revenues ranked first with
6.35 billion USD while BYD achieved 3.88
billion USD in 2016. Moreover, Tesla sold 1
billion USD worth cars in the world’s largest
market for electric vehicles which is China,
Tesla reached an agreement with the Chinese
government to build a factory in Shanghai.
In 2019, Tesla delivered 367,500 cars, more
than 50% of 2018. From 2017 to 2018 Tesla
U.S. vehicles sales rose by 280% from 48,000
to 182,400.
Tesla is keeping soaring since the beginning
of 2020; Tesla’s shares price has been more
than doubled over the past three months.
On 29th of Jan, Tesla has reached its highest
level ever to trade at 650 USD per share, its
share is up more than 45% in 2020 continued
to surge on the back of its decision of its
entrance into China and boosted by quarter
four figures firm’s expectations as it has
beaten the expectations of Wall Street.