Tesla Motors And Designing A Transition For The World

Tesla Motors was founded way back in 2003 by five entrepreneurs. Tesla Motors manufactures and designs premium eclectic cars. These five people came together to create a transition for the world in electric mobility. The five men were JB Straubel, Ian Writght, Elon Mush, Marc Tarpenning, and Martin Eberhard. The company was named after one of the engineers named Nikola Tesla. Musk once said that the most important problems worth studying were to make transportation environmentally friends and how to colonize another planet. As you can clearly tell he used that knowledge to start up Tesla Motors. Just like every company first starting out Tesla has some problems that they need to kink out before they continue to skyrock. These problems are quality, non-unionized workers, safety and finance. Back in 2008 when the financial crisis was in mid-swing Tesla Motors almost collapsed. Tesla was said to have cut about twenty-four percent of their staff to deal with the huge blow to their capit al. Lucky during the crisis the federal government approved a twenty-five billion auto loan program. Tesla received $465 million in low-interest federal loans from that. This leaves tesla in a $414.4 million in long-term debt as of September 30th,2012. Another factor that has a big effect on Tesla is that it still has no started to make a profit. With all the money they are pouring in this company and they haven’t even made a single penny yet says a lot. Even thought they haven’t made one atShow MoreRelatedTesla Motors, Inc.1172 Words   |  5 PagesTesla Motors, Inc. is an American automotive and energy storage giant firm that designs and manufactures electronically powered cars, their components and battery products. Tesla Motors is a public company that trades on the NASDAQ stock exchange under the symbol TSLA. 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