Tesla also known as Tesla Inc, is an America based multinational automative company which is popularly known for publishing electric vehicles and clean energy or other electric automobiles and products. Tesla is originally based in Austin, Texas. It was initially established by Martin Eberhard and Marc Tarpenning, on 1st July, 2003. In 2004, Elon Musk bought the maximum amount of shares in Tesla and became the highest shareholder in the company. Later in the year 2008, he was appointed as the CEO of the company. Tesla’s first electric car mode was produced in 2008 which was called the Roadster Sports Car. According to sources, in the year 2021, tesla’s market capitalization saw a rise and temporarily reached $1 trillion.by the year 2023, Tesla’s battery electric market reached new heights with 19.9% shares.
Tesla’s main marketing and sales area are notably, East Asia, Europe, Middle East, North America, Oceania and South East Asia. The revenue generated by Tesla in US $96.8 billion, net income generated in the year 2023 was US $15.0 billion. Total assets of the company are US $106.6 billion and the total equity of the company by the year 20233 is US $62.6 billion. Tesla offers six vehicle models till the year 2023, the models include Model S, Model X, Model 3, Model Y, Tesla Semi and Cybertruck.
Although Tesla is highly in demand for its electric vehicles and specially cars, it also manufactures other electric brands and products which help in generating the company’s revenue. Tesla’s other products such as the energy storage solutions and solar technology are highly in demand. Let’s take a look on the products manufactured by Tesla other than its highly popular electric cars and vehicles.
- Powerwall:
Powerwall by Tesla is an energy saving product which allows users to store energy for further works with the help of solar. It provides the user with financial ease and benefits and security of their key energy usage. The owner can access and customise the Powerwall system by using the Tesla app on their phone, each system is customised with energy metering, monitoring and smart controls for the customer’s better use of the system. The system, after sometime becomes automatically habitual to the owner’s usage and learns and adapts itself as per the requirements. The system also receives over-the-air updates and starts adding new features and enhancing its own existing ones.
A rechargeable home battery system, Powerwall can be installed with the help of solar technology and can run completely on the solar techniques, helping its users save money. Powerwall has three models until now: Powerwall 2, Powerwall+, and Powerwall 3. These systems provide an energy capacity of 13.5 kWh and are scalable up to 10 and 4 units respectively. They come with a warranty of 4 years. Powerwall systems are easy to integrate due to their small stature and can be connect with up to ten Powerwall systems at a time to provide energy up to 135kWh. This makes it easier to install and provide a competent battery backup. Tesla Power walls offer a great battery system and help in maintaining clean energy with their use of solar panels and technologies. Tesla has generated a revenue of 369 million dollars with the help of its Power walls and up till now has sold over 500k systems globally.
- Solar Technology:
Solar energies are an emerging source of sustainable energies and are a high revenue generator in the market. Tesla with the help of its solar technology, mainly solar roof and solar panels, brings a new revolution in energy generation in homes and businesses. The solar roof blends authenticity and aesthetics with sustainability by integrating solar cells into durable roofing tiles. These solar roofs are better than the traditional roofing materials as they are more advanced, efficient and durable. Tesla’s solar panels on the other hand give the users a better and efficient mode of energy production. It optimizes capturing sunlight for maximum output. Both the solutions reduce the reliability on the fossil fuels, contributing to a greener future. The solar technologies offered by Tesla provide a modern and sleek design and has advanced functions. To promote the use of its solar systems, Tesla adapted the marketing strategy where it allows it users to integrate their Powerwalls with their solar panels that are easily accessible with the help of Tesla’s app.
- AI and Autonomy:
In the growing technical word, artificial intelligence or AI is a field that is rapidly increasing and changing. Tesla, with its AI mechanisms is setting the standards high in the field of Artificial intelligence. Tesla’s Optimus Bot functions by using the same vision-based-real-world artificial intelligence and specialized training. It is a humanoid version of a bot and is capable of performing almost all the tasks and activities performed by humans. Tesla further has FSD Chip, which helps in operating the autopilot mode in their cars. Tesla’s Dojo system makes use of the state-of-the-art technology for delivery and solving problems. It also helps in writing thee control loops and keeps a check on the scaling software. Tesla’s autonomy algorithm provides them with a high-fidelity representation of the world and planned trajectories which helps them develop the core algorithm to drive a car on its own without a driver.
- Sustainable Materials and Manufacturing:
In the age of prioritizing environmental awareness, Tesla stands out as a symbol of sustainable innovation. Tesla’s dedication to sustainability extends beyond the road, with eco-friendly manufacturing practices employed at its Gigafactories, significantly reducing the environmental impact of the electric vehicle production. This commitment to green manufacturing aligns Tesla’s mission to foster a more substantial contribution to reducing carbon emissions, allowing drivers to actively participate in combating climate change. By reducing the resource consumption, the energy efficiency of the 2023 Tesla results in decreased resource usage. Compared to traditional gasoline-powered vehicles, electric cars offer a smaller environmental footprint, making them a conscientious choice. Empowering sustainability many Tesla owners opt to power their vehicles using renewable energy sources, such as solar panels. This integration of sustainable energy further amplifies the positive impact of owning a Tesla.
In conclusion, Tesla offers a wide range of products that help us shift towards the green energy and also step into the technical world. The energy storage solutions offered by Tesla help the consumer in taking a step towards the new clean energy where they use solar technologies to operate their battery systems and help save the high consumption of fossil fuels. Tesla’s AI and Autonomy helps us move towards a more technical word where we interact with highly advanced robotic systems that help in the betterment of the company’s driving system as well as provide us with better modes of solving issues. Tesla’s mission of clean energy leads us to the sustainable use of products and reduce resource consumption. It also helps us save as many resources as possible by extracting electricity through the solar panels and technologies rather than burning up the fossil fuels. It makes us move towards a better future with more resources and better opportunities.