TESLA - A ELECTRIC VEHICLE COMPANY THAT MAKE ELON MUSK THE RICHEST PERSON ON EARTH

TESLA?
TESLA, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla's current products include electric cars, battery energy storage from home to grid-scale, solar panels, and solar roof tiles, as well as other related products and services. Founded in July 2003 as Tesla Motors, the company's name is a tribute to inventor and electrical engineer Nikola Tesla. Elon Musk, who contributed most of the funding in the early days, has served as CEO since 2008. According to Musk, the purpose of tesla is to help expedite the move to sustainable transport and energy, obtained through electric vehicles and solar power. Tesla ranked as the world's best selling plug-in and battery electric passenger car manufacture in 2019.
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TESLA FIRST CAR
In 2008, Tesla Motors released its first Car, the completely electric Roadster. In company tests, it achieved 245 miles (395 km) on a single charge, a range unprecedented for a production electric car. Additional tests showed that its performance was comparable to that of many gasoline-powered sports cars: the roadster could accelerate from 0 to 60 miles (96 km) per hour in less than 4 seconds and could reach a top speed of 125 miles (200 km) per hour. The lightweight car body was made of carbon fiber. The roadster produced no tailpipe emissions, as it did not use an internal combustion engine. Tesla motors found that the car attained efficiency ratings that were equivalent to a gasoline mileage of 135 miles per gallon (57 km per liter). The vehicle's electric motor was powered by lithium-ion cells - often used in laptop computer batteries- that could be recharged from the standard electric outlet. Despite a federal tax credit of $7500 for the purchase of an electric vehicle, the roadster's cost of $109000 made it a luxury item.

TESLA FIRST IPO ON US STOCK EXCHANGE
On January 29, 2010, Tesla motors filed form s-1 with the U.S. Securities and Exchange Commission as a preliminary prospectus indicating its intention to file an initial public offering (IPO) underwritten by Goldman Sachs, Morgan Stanley, J.P. Morgan, and Deutsche bank securities. On May 21, 2010, Tesla announced a "strategic partnership" with Toyota, which agreed to purchase $50 million in Tesla common stock issued in a private placement to close immediately after the IPO. On June 29, 2010, Tesla Motors launched its initial public offering on NASDAQ. 13,300,000 shares of common stock were issued to the public for US$17.00 per share. The IPO raised US$226 million for the company. It was the first American car maker to go public since the Ford Motor Company had its IPO in 1956, and by 2014 Tesla had a market value half that of Ford. In early 2013, Tesla had problems producing the Model S and was running out of money. Musk proposed an US$11 billion deal with Google, but improved production and a sales push gave Tesla its first profitable quarter, and the deal was abandoned.

TESLA SHARE SPLIT
Tesla shares are much cheaper today than after stock split's in the ratio of 5 for 1 means every shareholder who is holding the 1 share before the stock split is now holding 5 shares. It doesn't change the value of investor's holding as their quantity of shares increased only as this stock split makes tesla's share more affordable to investors who want to purchase it. Tesla's share price increased because it is included in the s&p 500 index as it goes on increases day by day. share price increase the value of investors holding and this cause makes Elon musk the richest man in the world as their demand of companies share increase in the market day by day. It just starting in 2021 and Elon already surpassed Jeff Bezos and the share can increase furthermore.

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