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April 25, 2015 9:44 AM ET

Automobiles

Company Overview of Tesla Motors, Inc.

Company Overview

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

3500 Deer Creek Road

Palo Alto, CA 94304

United States

Founded in 2003

10,161 Employees

Phone:

650-681-5000

Key Executives for Tesla Motors, Inc.

Co-Founder, Chairman, Chief Executive Officer and Product Architect
Age: 42
Total Annual Compensation: $33.3K
Chief Financial Officer
Age: 51
Total Annual Compensation: $338.0K
Chief Technical Officer
Age: 38
Total Annual Compensation: $260.1K
Vice President of Manufacturing
Age: 53
Total Annual Compensation: $270.4K
Vice President of Production
Age: 44
Total Annual Compensation: $225.0K
Compensation as of Fiscal Year 2013.

Tesla Motors, Inc. Key Developments

Tesla Motors Plans to Launch Set of Batteries on April 30, 2015

Tesla Motors is planning to launch a set of batteries intended for home and commercial use on April 30, 2015. The batteries are likely to store energy from solar panels for later use. It is also possible that the batteries will be used to tap the main lines during off-peak hours to help decrease energy costs. The new batteries are likely to be produced at the company's planned Gigafactory.

Tesla Motors Launches Upgraded Entry-Level Model S, the 70D

Tesla Motors has launched an upgraded entry-level Model S, the 70D. The model is to replace the 60-kWh package. It is equipped with a 70-kWh battery and dual motors for all-wheel drive that deliver a combined output of 329bhp. It accelerates from zero to 60mph in 5.2 seconds and reaches a top speed of 140 mph. It features Autopilot hardware, navigation and blind-spot detection. The vehicle is to be priced from USD 69,900. It will be available in three new colours, Ocean Blue, Obsidian Black and Warm Silver.

Tesla Motors Plans to Build Electric Car Charging Station in Lithuania

Tesla Motors is holding talks with Ideju Parkas, a Lithuanian furniture manufacturer, on a possibility to build a charging station for such vehicles near Kaunas in the central part of Lithuania. The company is expanding its Supercharger network in Europe. It plans to build one station in Lithuania and Estonia each as well as two stations in Latvia. Eleven charging stations for electric cars have been installed in Lithuania thus far.

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