d the U.K. Certain of its financing programs provide customers with a resale value guarantee under which those customers have the option of selling their vehicle back to the company during the period of 36 to 39 months following delivery for a pre-determined resale value. In certain markets, the company also offers residual value guarantees to financial institutions which might obligate it to repurchase the vehicles for a pre-determined price. Vehicle Sales and Marketing Company-Owned Stores and Galleries: The company markets and sells cars directly to consumers through an international network of company-owned stores and galleries. As of December 31, 2015, the company operated 208 locations around the world, including all of its stores, galleries, Service Plus and service facilities. The company own its sales and service network because the traditional franchised distribution and service model is not viable for a business like its. Tesla Supercharger Network: The company is building a network of up to 120 kW fast charging equipment, each called a Tesla Supercharger, throughout North America, Europe and Asia for fast charging of Tesla vehicles. The Tesla Supercharger is an industrial grade, high speed charger designed to replenish 170 miles of range in the battery pack in as little as 30 minutes. Supercharger stations typically have between 4 to 10 Superchargers and are strategically placed primarily along well-travelled highways to allow Model S and Model X owners to enjoy long distance travel with convenient, minimal stops. As of December 31, 2015, the company had 584 Supercharger stations open in North America, Europe, and Asia. Destination Charging: The company’s destination charging partners deploy its wall connectors and provide charging to Model S owners that patronize their businesses. As of December 31, 2015, approximately 1,800 locations around the world had 3,100 Tesla wall connectors installed. Competition Model S competes primarily in the premium sedan market with internal combustion vehicles from automobile manufacturers, including Audi, BMW, Lexus, and Mercedes. Governmental Programs, Incentives, and Regulations The company’s vehicles are subject to, and comply with or are otherwise exempt from, numerous regulatory requirements established by National Highway Traffic Safety Administration’s (NHTSA), including all applicable United States Federal Motor Vehicle Safety Standards (FMVSS). As a manufacturer, the company must self-certify that its vehicles meet all applicable FMVSS, as well as the NHTSA bumper standard, or otherwise are exempt, before the vehicles can be imported or sold in the United States. Various FMVSS apply to the company’s vehicles, such as crash-worthiness requirements, crash avoidance requirements, and electric vehicle requirements. The company is required to comply with other federal laws administered by NHTSA, including the Corporate Average Fuel Economy standards, Theft Prevention Act requirements, consumer information labeling requirements, Early Warning Reporting requirements regarding warranty claims, field reports, death and injury reports and foreign recalls, and owner’s manual requirements. History Tesla Motors, Inc. was founded in 2003. The company was incorporated in the state of Delaware in 2003.
tesla motors inc (TSLA:NASDAQ GS)
3500 Deer Creek Road
Palo Alto, CA 94304
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