Formed in 2003, Tesla Motors is an American company that designs, manufactures, and produces electric automobiles and electric powertrains for cars. From the start, Tesla always wanted to popularize electric automobiles and hoped that general consumers could eventually make the move over to electric cars. The company is still quite young, and they have only released two models of vehicles with more to come in the future. While being a fairly successful company in terms of sales, their financials have been shaky for some time. Still despite all that, we think Tesla is going to be around for year to come. Here are ten reasons why we think that Tesla is going to be around for quite some time.
10. Their vehicles are premium and luxurious
While the main selling point of Tesla’s vehicles is that they are 100% electric, they are also very luxurious. They aren’t just offering vehicles that are fully electric, as if that is some gimmick, but rather they aim to deliver a premium driving experience. If you live near a Tesla store, go check a Model S out for yourself. The interior is modern, stylish, and premium. They also perform extremely well too. Everything about the car is controlled via a large touch-screen interface that is very futuristic. So when it comes down to it, Tesla delivers a premium product and they are probably the best all-electric cars on the market today.
9. They sell direct to consumers
Tesla wants to cut out the middleman and offer you their products directly themselves. They are the only automobile company in the United States that sells directly to consumers. This has created a bit of pushback from some states as their are laws banning direct sales of automobiles unfortunately. We hope that those states change their laws, as this is really the best way to do things. Direct selling avoids any markups and other clutter that is created by dealerships, so you can ensure that you’re getting the best deal for your Tesla.
8. Elon Musk is a solid CEO
Having a good CEO is obviously very important for a company, and it’s always great if that CEO isn’t some stuffy and mean person. Well Elon Musk doesn’t seem to be a bad guy, and he is actually pretty cool. He’s obviously smart and has received a B.S. in Physics and Economics from the University of Pennsylvania. He has a lot of experience with business as well and has been involved with many companies and startups. Additionally he’s also the CEO of SpaceX which is very committed to getting people to Mars and to privatizing space flight. So he’s clearly not a “pencil pusher” and seems like a good leader.
7. Tesla cares about changing the world
Now obviously any business is out to make money, including Tesla, but they also care about changing the world. They want to popularize electric cars and to help reduce our carbon footprint on the Earth. Tesla is a very forward thinking company and they are committed to making the world a better place. They’ve even announced plans for a battery pack for homes to allow people to live off the grid.
6. They’re building the worlds largest battery factory
In a partnership with Panasonic, Tesla is constructing a $5 billion dollar battery factory in the United States. Known as the “Gigafactory”, when it is completed around 2020 it will be the largest battery factory in the entire world.
5. Tesla is also a technology company
Elon Musk and others from Tesla have often described their company as “a tech company that happens to also make cars”. So since they are also a technology company Tesla will be able to move with the trends in the industry quite quickly; they will be able to change and adapt at a moments notice. They’re working on new electric powertrains, autonomous driving computer systems, improved batteries, and a variety of other technological things.
4. They will offer a range of vehicles
As previously mentioned, Tesla has always wanted to popularize electric vehicles for the average consumer around the world. While the Model S starts at around $70,000 dollars, Tesla has plans to make many other vehicles including an economy version that is very affordable. So years down the road, Tesla will offer a vehicle suited for everyone: from affordable electric cars for the masses to premium and high-end vehicles.
3. They’re an open source company
As we mentioned before, Tesla is very committed to making electric cars the future of the automobile industry. So to help do this, Tesla is a fairly open source company, that is, they offer universal access through free licensing. Back in June of 2014, Elon Musk made an announcement that Tesla will allow any company to use their technology patents in good faith. Not many companies pull a move like this, but this allows other car manufactures to use Tesla’s patents or improve upon their own when it comes to electric cars.
2. They have over $5.8 billion in assets
Despite the company reporting losses in relation to net income and operating income, Tesla has a considerable amount of total assets. Whether it’s cash, patents, trademarks, stock, or other assets, Tesla does have a considerably large amount of total assets that they can dip into if things get really bad.
1. Tesla is building a network
The main disadvantage to electric vehicles is that they have a limited range, and can take a long time to charge back up. Tesla realizes this, so they are constructing a vast network of Supercharging and battery swapping stations. While this network is still very young, and only available in select markets, Tesla plans on growing this network so you’ll never have to worry about running out of juice. In the long run, this is very good for the company and it can help ensure that they will be around for some time.
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