October 27, 2016 5:58 PM ET


Company Overview of Tesla Motors, Inc.

Company Overview

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and stationary energy storage products in the United States, China, Norway, and internationally. It primarily offers sedans and sport utility vehicles. The company also offers electric vehicle powertrain components and systems to other manufacturers. Tesla Motors, Inc. sells its products through a network of Tesla stores and galleries, as well as through Internet. The company was founded in 2003 and is headquartered in Palo Alto, California.

3500 Deer Creek Road

Palo Alto, CA 94304

United States

Founded in 2003

13,058 Employees





Key Executives for Tesla Motors, Inc.

Co-Founder, Chairman of the Board, Chief Executive Officer and Product Architect
Age: 44
Total Annual Compensation: $37.6K
Chief Financial Officer
Age: 42
Total Annual Compensation: $46.2K
Chief Technology Officer
Age: 40
Total Annual Compensation: $250.6K
Vice President of Engineering
Age: 50
Total Annual Compensation: $306.9K
Vice President of Programs
Age: 43
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2015.

Tesla Motors, Inc. Key Developments

Tesla to Build All Models with Level 5 Autonomous Technology

Tesla announced that all of its electric vehicles will now be built with the hardware necessary to support full self-driving capability, including the upcoming Model 3. The Model S and Model X can be ordered with the technology. Electric vehicle (EV) manufacturer Tesla held a conference call (19 October) to brief media on its latest product news, attended by IHS Automotive. From now on, all Tesla products will be built with a full complement of the automaker's second-generation driving assist technologies. This suite of hardware will provide the foundation for Level 5 (L5) autonomous driving capability. The system will use Tesla Vision, a "neural net" developed by the automaker. The hardware includes eight cameras and 12 ultrasonic sensors, for 360-degree visibility around the car at up to 250 metres range. As with the current Autopilot system and its version 8.0 software update, the ultrasonic sensors provide supplemental visibility for the system, to allow detection of hard and soft objects at greater distances than currently. The system uses a new onboard computer with 40 times more computing power than the previous systems. In terms of the features that the new hardware can support, Tesla will offer two levels. The Enhanced Autopilot option is similar to the automaker's current Autopilot system, although using four cameras and improved dynamic forward sonar and improved computing power. During the call, Musk said the Enhanced Autopilot system will be able to handle freeway driving, onramp to offramp and including freeway changes. Enhanced Autopilot comes with a USD 5,000 price tag if selected when the vehicle order is placed, or is available as a USD 6,000 upgrade after vehicle delivery. On the second option, the Tesla website says that checking the box for 'Full Self-Driving Capability' adds functionality for self-driving in city environments, and this costs USD 3,000 at the time of ordering a vehicle or USD 4,000 as an upgrade after delivery.

Tesla Motors to Collaborate with Panasonic Corp. on Solar Sells Production

Tesla Motors confirmed it will collaborate with Panasonic Corp. to manufacture solar cells and modules in New York.Under the agreement, Tesla announced it will use the cells and modules in a solar energy system that will work with its energy storage products Powerwall and Power Pack.

Tesla Plans to Expand Fremont Plant in US

Tesla plans to expand Fremont plant in US. Tesla is proposing to expand its plant in Fremont, California, United States. The company is considering the construction of 11 buildings next to or near its current factory in the city. The proposed master plan contemplates construction of approximately 4.6 million square feet of new structures to support additional automobile production. The documents also suggest the company could create 3,100 new jobs.

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