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Profile: Tesla Motors Inc (TSLA.O)

TSLA.O on Nasdaq

20 Jan 2017
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Tesla Motors, Inc., incorporated on July 1, 2003, designs, develops, manufactures and sells electric vehicles and energy storage products. The Company produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). The Company has delivered over 107,000 Model S vehicles across the world. In addition to developing its own vehicles, it sells energy storage products. Its energy storage products include the seven kilowatt-hour and 10 kilowatt-hour Powerwall for residential applications, and the 100 kilowatt-hour Powerpack for commercial and industrial applications. The Company delivers energy storage products products under the Tesla Energy brand. It manufactures its products primarily at its facilities in Fremont, California, Lathrop, California, Tilburg, Netherlands and at its Gigafactory near Reno, Nevada. It is using battery packs manufactured at the Gigafactory for its energy storage products.

The Company's Model S is an electric, four-door, five-adult passenger sedan that offers zero tailpipe emissions. Model S offers a range on a single charge of till approximately 290 miles. The Company offers all-wheel drive dual motor system options. The performance version of its All-Wheel Drive Dual Motor Model S accelerates from zero to 60 miles per hour in approximately 2.8 seconds. Its single motor Model S has the battery pack in the floor of the vehicle, and the motor and gearbox in line with the rear axle. Model S is also available with various features, including an approximately 20-inch touch screen driver interface, its autopilot system, and over-the-air software updates.

The Company's Model X is a sport utility vehicle that offers functionality with features, such as it electric, all-wheel drive dual motor system and its autopilot system. Model X provides approximately 260 miles of range on a single charge, and accelerates from zero to 60 in approximately 3.2 seconds. Model X seats approximately seven adults and incorporates a falcon wing door system for access to the second and third seating rows. The Tesla Energy product portfolio focuses on including energy storage products with a range of applications, from use in single homes to use in utility-scale projects. Tesla Powerwall is a rechargeable lithium-ion battery designed to store energy at a residential and small commercial level for load shifting, backup power and self-consumption of solar power generation.

The Company provides service for its electric vehicles at its company-owned service centers, at its Service Plus locations or, in certain areas for an additional charge, through Tesla Ranger mobile technicians providing services that do not require a vehicle lift. The Company owns and operates approximately 120 service locations. It offers loans and leases for its vehicles in North America, Europe and Asia primarily through various financial institutions. It also offers financing arrangements directly through its local subsidiaries in certain areas of the United States, Germany, Canada and the United Kingdom.

The Company competes with Audi, BMW, Lexus, Mercedes, Daimler, Nissan, Fiat, Ford, Mitsubishi, Porsche, Volkswagen, Volvo, General Motors, Toyota and Honda.

Company Address

Tesla Motors Inc

3500 Deer Creek Rd
PALO ALTO   CA   94304-1317
P: +1650.6815000
F: +1650.6815101

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