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An Overview of Tesla Inc.

Background of Tesla Inc.
About Tesla:
Tesla is a Texas-based automotive and clean energy firm. Tesla designs and manufactures
electric cars and trucks, residential and grid-scale batteries, solar panels, and solar roof tiles.
Tesla has a market valuation of more than US$840 billion in 2020, making it the world's most
valuable automaker.

HIstory of tesla:
Martin Eberhard and Marc Tarpenning established Tesla Motors in July 2003. Nikola Tesla
inspired the company's name. Elon Musk invested $6.5 million in the company in February
2004. CEO since 2008 Musk says Tesla's mission is to promote sustainable transport and
energy through electric vehicles and solar electricity. Tesla began producing the Roadster in
2009. The Model S sedan, Model X SUV, Model 3 sedan, and Model Y crossover followed in
2012, 2015, 2017, and 2020. In June 2021, the Model 3 became the first electric car to sell 1
million units worldwide. Tesla's global sales increased 87% in 2021 to 936,222 cars, and
overall sales reached 3 million by August 2022. Tesla became the sixth U.S. corporation to
achieve $1 trillion in October 2021.
Background OF Tesla:
● 2003 - Tesla Motors founded by Martin Eberhard and Marc Tarpenning in San Carlos,
California. They serve as its CEO and CFO, respectively.
● 2004 - Elon Musk invests $30 million and joins Tesla as the Chairman of its Board of
Directors.
● 2006 - Tesla showcases the prototype for its first car, the all-electric Roadster.
● 2007 - Eberhard resigns as CEO of Tesla. He is replaced by interim CEO Michael
Mark.
● 2008 - The Roadster enters production. Elon Musk receives the first vehicle produced.
● 2009 - Eberhard files a lawsuit against Tesla and Musk alleging that he was forced out
of the company, and that Musk has taken credit for creating a company that Eberhard
and Tarpenning built. He drops the suit later that year.
● 2010 - Tesla goes public, raising $226 million in its IPO.
● 2011 - Tesla showcases the prototype for its Model S, the company's first sedan.
● 2012 - The Model S sedan goes into full-time production & discontinues production
of the Roadster.
● 2014 - Tesla announces its Nevada Gigafactory, where the company will manufacture
the batteries for all of its products.

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 ● 2015 - The company enters the solar power market, announcing a line of products to
power homes and businesses based on a combination of solar panels and batteries.
● 2016 - Tesla announces plans for the Model 3 sedan, its first car aimed at a mass
market.
● 2017 - Tesla Motors changes its name to Tesla, Inc. This remains the company's name
to this day.
● 2018 - Musk and Tesla accept a settlement from the SEC. Musk pays $20 million
and steps down as the Chairman of Tesla's Board of Directors. He is replaced by
Robyn Denholm. Tesla also pays $20 million and agrees to oversee Musk's Twitter
account.
● 2019 - Musk and Tesla unveil the "Cybertruck," an electric six-seater pickup truck.
Musk later claims that Tesla has gotten 250,000 orders for the Cybertruck.
● 2020 - On the wave of a strong fiscal quarter and analyst upgrades, Tesla stock surges,
eventually reaching over $900.

Future products
1. Roadster (second generation)
2. Tesla Semi
3. Cyber Truck
Tesla debuted the second-generation Roadster on November 16, 2017, after introducing the
Tesla Semi. Musk stated the new model will have a range of 620 miles (1,000 km) with the
200 kilowatt-hours (720 MJ) battery pack and will achieve 0–60 mph in 1.9 seconds, 0–100
mph in 4.2 seconds, and a top speed exceeding 250 mph (400 km/h). Cold air thrusters will
improve SpaceX's speed. Three electric motors will provide all-wheel drive and torque
vectoring.
Evaluations of tesla:
Tesla's stock struggled in 2019. Tesla's stock price has fallen from $310.12 on Jan. 1 to
$347.31. June was its yearly low. Tesla's stock began rising in the second half of 2019. In
2020, a lucrative quarter sent shares soaring. By Feb. 4, Tesla's stock price had topped $900,
more than doubling from January.

Present Condition and Growth of TESLA

Tesla Welcomes Joe Gebbia as New Independent Director to its Board: TESLA welcomes Joe
Gebbia to Tesla’s Board of Directors, effective September 25, 2022. Gebbia, a designer and
entrepreneur, has spent the last 14 years of his career as co-founder of Airbnb. The service he
built with his co-founders transformed the hospitality industry, allowing travelers seeking
local experiences to book homes in nearly every country around the world.

Model Y Earns 5-Star Safety Rating From Euro NCAP: At Tesla, vehicle design is an
iterative process through which was aimed to make some of the safest cars on the road even
safer. On September 7, 2022, Model Y is our latest vehicle to earn a 5-star safety rating from
the European New Car Assessment Programme (Euro NCAP).

The DFEH’s Misguided Lawsuit: The California Department of Fair Employment and
Housing (DFEH) intends to file a lawsuit against Tesla alleging systematic racial
discrimination and harassment. This follows a three-year investigation during which the
DFEH—whose mission is supposedly to protect workers—has never once raised any concern

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about current workplace practices at Tesla. Rather, the lawsuit appears focused on alleged
misconduct by production associates at the Fremont factory that took place between 2015 and
2019.

Introducing Plaid Track Mode: Since Track Mode was launched in 2018 on Model 3
Performance, TESLA has taken advantage of instant motor torque to make cornering on the
track feel as natural as forward acceleration. ON January 6 2022, Plaid Track Mode was
developed to take full advantage of our tri-motor platform and more than 1,000 horsepower
on tap.

Present Growth of Tesla:

Tesla's revenue 2008-2021: Tesla’s revenue grew to around 53.8 billion U.S. dollars in the
2021 fiscal year, a 71 percent increase from the previous year. The United States is Tesla's
largest sales market.

Revenue rises on model additions: More than 47 billion U.S. dollars of the company's
revenue is generated from Tesla's automotive segment, which includes the design,
manufacturing, and sales of vehicles. As of March 2020, the electric vehicle (EV) maker has
a model range that includes the Tesla Model S, Tesla Model X, Tesla Model 3, and the newly
released Tesla Y. Production of the anticipated Cybertruck, the brand's light truck model, has
been delayed until January 2022.

Model 3 legacy: The Model 3 has emerged as Tesla's best-selling vehicle, leading the ranking
in worldwide plug-in vehicle sales in 2021. In June 2021, the model became the first electric
car to pass one million global sales.
Acquisition & Merger
Acquisition
Tesla is still a relatively young company, but its rapid growth into the most valuable
automaker has been supported by a number of key acquisitions, especially in recent years.

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SilLion: Tesla acquired Colorado-based battery start-up SiILion, according to a new patent
for a silicon-based battery anode. Tesla is also planning a new factory in Canada to build
battery production facilities.

SolarCity Corp.: SolarCity was founded in 2006 by two brothers who are cousins of Elon
Musk. The idea for the company was Musk’s, who also provided the initial working capital
and served as Chairperson. SolarCity designs, manufactures, and installs solar energy
systems, and sells solar-generated electricity. In August 2016, Tesla announced that it had
reached an agreement to acquire SolarCity, completing the merger later that year. Tesla said
that the combination would create the world’s first vertically integrated sustainable energy
company, taking advantage of the synergies created by linking Tesla’s energy storage with
SolarCity’s solar generation.

Maxwell Technologies Inc.: The company was founded in 1965 under the name Maxwell
Laboratories Inc. It went public in 1983 and then changed its name to Maxwell Technologies
Inc. in 1996. The manufacturer of energy storage and power delivery solutions specializes in
making ultracapacitors, which are devices capable of holding many times more energy than
standard capacitors. Its products are used in a range of applications, including transportation,
industrial, and grid energy storage.

Grohmann Engineering GmbH: German-based Grohmann Engineering was founded in

1963 by Klaus Grohmann. The company specializes in the design and development of
automated manufacturing systems. When Tesla announced it was acquiring Grohmann in
November 2016, the firm had 700 employees and revenue had been growing at an average
annual rate of 6% over the past 20 years. Tesla completed the acquisition in January 2017 for
$135.3 million. That total cost included an initial cash-payment of $109.5 million plus an
additional $25.8 million paid in the first quarter of the year as part of an incentive
compensation arrangement. Tesla said that the acquisition would help the electric vehicle
maker improve the speed and efficiency of its manufacturing processes, significantly
reducing expenses.

Perbix Machine Co. Inc.: It was purchased by Tesla in 2017. Earlier in 2017, Tesla had
acquired Grohmann Engineering, a German-based firm in a similar line of business. The
acquisition of Perbix allows Tesla to make more of its vehicle parts in-house, giving it more
control of auto production. Following the Grohmann acquisition, the acquisition was another
step in Tesla’s push to optimize and accelerate the production process of its electric vehicles.

Hibar Systems Ltd.: It’s unclear exactly when the acquisition took place because Tesla made
no announcement of it. But in October 2019, Tesla listed Hibar as one of its subsidiaries in an
October 2 filing with the Canadian government, according to several U.S. and Canadian
publications. Tesla’s interest in the company is much more clear. Hibar will allow the electric
vehicle maker to produce battery cells in house. This move will help lower key operating
expenses and eventually make it less reliant on Panasonic Corp. with which Tesla jointly
owns and operates a Nevada-based battery factory.

Merger
Panasonic: In January 2010, Tesla and battery cell maker Panasonic announced that they
would together develop nickel-based lithium-ion battery cells for electric vehicles. The
partnership was part of Panasonic's $1 billion investment over three years in facilities for

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lithium-ion cell research, development and production. In March 2021, the outgoing CEO of
Panasonic stated that the company plans to reduce its reliance on Tesla as their battery
partnership evolves.

Daimler AG: Daimler AG and Tesla began working together in late 2007. On May 19, 2009,
Daimler bought a stake of less than 10% in Tesla for a reported $50 million. As part of the
collaboration, Herbert Kohler, vice-president of E-Drive and Future Mobility at Daimler, took
a Tesla board seat. On July 13, 2009, Daimler AG sold 40% of its acquisition to Aabar. Aabar
is an investment company controlled by the International Petroleum Investment Company
(IPIC), which is owned by the government of Abu Dhabi. In October 2014, Daimler sold its
remaining holdings for a reported $780 million.

Toyota: In May 2010, Tesla and Toyota announced a deal in which Tesla purchased the
former NUMMI factory from Toyota for $42 million, Toyota purchased $50 million in Tesla
stock, and the two companies collaborated on an electric vehicle. In July 2010, the companies
announced they would work together on a second generation Toyota RAV4 EV. The vehicle
was unveiled at the October 2010 Los Angeles Auto Show and 35 pilot vehicles were built
for a demonstration and evaluation program that ran through 2011. Tesla supplied the lithium
metal-oxide battery and other powertrain components based on components from the
Roadster.

Mobileye: Initial versions of Autopilot were developed in partnership with Mobileye

beginning in 2014. Mobileye ended the partnership on July 26, 2016, citing "disagreements
about how the technology was deployed.

Market Competitors
The competitors who are giving Tesla a tough time to operate in the industry are as follows:
Direct competitors:
1.General Motors: General Motors (GM) is a U.S.-based automobile manufacturer founded
in 1908.Responding with urgency to climate change, GM is committed to an all-electric
future.GM plans to design, engineer, and produce EVs for every style and price point.
Furthermore, it's also building a competitive advantage in batteries, software, vehicle
integration, and manufacturing. It will invest $35 billion globally in EV and autonomous
vehicles (AVs) through 2025. It projects that it will sell one million EVs annually, in North
America and China. GM has sold more than 100,000 Bolt EVs since its launch in 2017. The
Bolt has received some of the best satisfaction and loyalty ratings in the industry.
Three-quarters of Bolt EV buyers in the U.S. are new to GM. Batteries are a major part of
GM's EV strategy. Its Ultium battery packs cost almost 40 percent less than those in Chevy's
Bolt EV. Moreover, the company has estimated that its second generation Ultium packs will
cost approximately 60% less than batteries used in cars currently. In August 2022, it had a
market capitalization of $58.39 billion.

2.Ford Motor Company: Ford Motor Company is a multinational automobile manufacturer

founded in 1903.It's strongly focused on electric cars, trucks, and SUVs. Ford's Mustang
Mach-E model received Car and Driver's first Electric Vehicle of the Year award in 2021.
According to Ford, it's investing $22 billion through 2025 to pursue vehicle electrification.
Ford is focused on building EVs that provide the legendary features it's known for:
performance, capability and productivity.One of Ford's target markets is fully electric
commercial vans and pickups. It intends to deliver the benefits of electric vehicles via an
accessible price point and lower cost of ownership. The all-electric F-150 Lightning pickup

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officially launched in April 2022. More than 4,400 have been sold. Ford is headquartered in
Dearborn, MI. In August 2022, its market capitalization was $63.31 billion.

3.NIO: NIO Inc. (NIO) is a Chinese holding company that designs, manufactures, and sells
premium smart electric vehicles for the international market. These include the EP9, which it
asserts is among the fastest electric cars in the world, and its flagship SUV, the ES8. Nio also
offers customers power solutions that include access to public charging, access to power
mobile charging trucks, and battery swapping. According to NIO, it stands apart by its
"continuous technological breakthroughs and innovations, such as its industry-leading battery
swapping technologies, Battery as a Service, or BaaS, as well as its proprietary autonomous
driving technologies and Autonomous Driving as a Service, or ADaaS. In July 2022, NIO
delivered 10,052 vehicles. That was an increase of 26.7% year-over-year. For the year
through July, it delivered 60,879 electric vehicles, an increase of 22% year-over-year. In
August 2022, NIO had a market capitalization of 32.85 billion.

4.Volkswagen: Volkswagen is one of the largest automotive manufacturers in the world. Its
highly recognizable products and brands include Volkswagen cars, Audi, Bentley,
Lamborghini, Porsche, and Skoda. A decade after Tesla emerged on the EV scene,
Volkswagen has quietly been making inroads. It estimates that 50% of its U.S. sales by 2030
will be EVs. It's spending tens of billions to meet this goal. Volkswagen is developing a
comprehensive de-carbonization program that's committed to the goal of CO2-neutral
balance in all areas from fleet to production to administration by 2050.Founded in 1937,
Volkswagen has survived world war, countless cycles of boom-and-bust, as well as the
infamous 2015 emissions scandal in which it admitted that many VW diesel engine cars sold
in America had built-in software that could detect when they were being emission-tested and
could alter performance for better results. In August 2022, Volkswagen had a market
capitalization of $85.66 billion.

5.Toyota Motor Corporation: Toyota is a multinational automotive manufacturing company

headquartered in Japan; This Motor Corporation is popular for manufacturing vehicles that
meet the requirements of the customers. As of September 2018, Toyota is ranked the sixth
largest company in the world and produces more than 10 million vehicles every year. Mainly
because of its designing and reachability, Toyota is considered to be one of the top
competitors for Tesla. Toyota Motor fired a new missile in the electric-vehicle wars, saying it
wants about 40% of its sales to come from all-battery models by 2030.

6.BMW: Bayerische Motoren Werke (BMW) is also a multinational automobile

manufacturing company and is ranked to be the twelfth in the world for manufacturing
vehicles. BMW is known for its brand performance which renders it to be amongst the
toughest competitors of Tesla. BMW i is a sub brand of BMW which was founded in 2011
and responsible for designing and manufacturing of hybrid and electric vehicles. BMW i
sales reached 50000 units in 2016. The BMW i3 Model became the 3rd best selling electric
car in the world. iNext is the self-driving car and the company is looking for scheduled
production in 2021.

7.Honda: Honda is another top competitor of Tesla and is renowned for manufacturing
automobiles, aircraft, motorcycles and power equipment. Honda Motors offers services that
are proactive, proficient as well as professional to its customers. The company makes use of
the most advanced technology for the manufacturing of their vehicles which has also led to
the growth of its sales

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8.Nissan: Nissan being a top Tesla competitor is a multinational automobile manufacturer
and is popular for being the largest manufacturer of electric vehicles. With innovation in its
products and services, Nissan offers a diverse range of brands in more than 191 countries
across the world. With global sales of more than 320,000 EV as of April 2018, Nissan is no
doubt a leading electric vehicles manufacturer. Japanese manufacturer Nissan is looking to
launch fully autonomous vehicles by 2020. According to Nissan Intelligent Mobility, humans
will be a part of a seamless driving experience where Nissan customers will feel more
freedom and cars will become their partners.

Indirect competitors: Tesla, Uber and Google are working on self-driving car projects which
means that Uber and Google are indirect competitors of Tesla.
1.Uber: Uber is another indirect competitor of Tesla mainly because of the concept of
self-driving cars which is part of the company’s goal to become a complete solution for
powering local commerce across the globe. The survival of Uber is based upon the concept of
Robotaxi and has a similar audience like that of Tesla.

2.Google: Google and Tesla have been rendered to be the boldest when the question is of
self-driving technology. Waymo is a self-driving technology company originated by Google
as a self-driving car project. Google has entered into a partnership with tech giants like
Toyota, Ford, General Motors, Volkswagen, and Daimler to put the self-driving concept into
reality whereas, Tesla the fully automatic vehicle that is expected to launch in the near future.

Products and Services of Tesla

Tesla’s original mission was to electrify the world’s transportation system. Along the way,
that expanded into a reboot of the entire automotive industry. By the time it’s all over, Tesla
will have redefined not just the way cars are fueled, but the way they are designed,
manufactured, marketed and sold.

Like other tech pioneers such as Apple, Tesla sees the automobile as part of an “ecosystem”
of products and services, and forward-looking execs at other automakers are beginning to see
things this way too. The electric vehicle will not be simply a plug-in replacement for the
legacy gas-burner, but rather a part of a new paradigm that includes charging infrastructure,
vehicle autonomy, new ownership models and renewable energy. Automakers around the
world are investing in charging networks, makers of self-driving tech and transportation
service providers like Uber and Lyft. Some have explored partnering with solar installers to
offer package deals to customers.

1. Automotive products: As of October 2022, Tesla offers four car models: Model S, Model
3, Model X and Model Y. Tesla's first vehicle, the first-generation Tesla Roadster, is no
longer sold. Tesla has plans for a second-generation Roadster, a semi-truck, and a pickup
called the Cybertruck.

Model S: Tesla Model S is a five-door liftback sedan. Deliveries began on June 22, 2012. The
Model S was the bestselling plug-in electric car worldwide for the years 2015 and 2016,
selling an estimated 50,931 units in 2016. It became the first electric vehicle to top the
monthly sales ranking in any country, when it achieved first place in the Norwegian new car
sales list in September 2013.

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Model X: Midsize SUV Tesla Model X. It seats 5, 6, and 7 people. Model X was built on the
Model S car platform. "Falcon-wing" rear doors open vertically. 2015 deliveries began. In
2016, Model X ranked sixth among the world's best-selling plug-in automobiles. 57,327 units
were sold in the US through September 2018.

Model 3: Four-door fastback sedan. Model 3 debuted March 31, 2016. Customers started
booking spaces with a deposit that day. Tesla reported 325,000 bookings one week after the
debut. Bloomberg News said "the Model 3's introduction was unusual in the 100-year history
of the mass-market car" July 2017 saw limited auto production. Model 3 is the world's
best-selling electric car since March 2020, and cumulative global sales reached 1 million in
June 2021. The Model 3 has been the world's best-selling plug-in electric car from 2018 to
2021 and in the U.S. since 2018. The Model 3 established sales records in Norway and the
Netherlands in 2019.

Model Y: Compact crossover utility vehicle. Model Y shares similar components with Model
3. The automobile has three rows of seats (up to 7 passengers), 68 cubic feet (1.9 m3) of
cargo space, and an EPA range of 326 miles (525 km). Model Y debuted March 14, 2019.
Model Y deliveries began March 13, 2020. Tesla Model Y is made in California and China.
Once Giga Berlin opens, a Model Y version is also expected.

2. Tesla Energy Products: Musk's company Tesla Energy develops, constructs, sells, and
installs solar energy systems and battery energy storage devices for residential, commercial,
and industrial users. Tesla's existing battery energy storage products segment merged with
2016 acquisition SolarCity to form the subsidiary. Tesla Energy's generation products include
solar panels, a solar shingle system, and a solar inverter. The Powerwall and Powerpack and
Megapack are large-scale energy storage technologies. Tesla Energy develops software to
monitor and regulate customers' systems. The company deployed 345 megawatts of solar
energy systems in 2021, a 68% increase over 2020, and 3.99 gigawatt-hours of battery energy
storage, a 32% increase over 2020.

3. Other services:
Supercharger network: Tesla started developing Supercharger stations in 2012. Tesla has
36,165 Superchargers in 3,971 locations as of June 2022. (an average of 9 chargers per
station). Supercharger is a DC technology that provides up to 250 kW. All Tesla cars except
the first-gen Roadster have Supercharger hardware. Tesla's navigation software can offer the
fastest long-distance route with charging stations.

Destination charging location network: Tesla introduced the "Destination Charging Site"
network in 2014, supplying chargers to hotels, restaurants, shopping centers, and resorts (and
other locations where Tesla owners may spend an hour or more) to allow on-site vehicle
charging at twice the power of a standard home charging station. Tesla-certified contractors
install destination chargers for free; venues were required to give free electricity. Locations
with six or more destination chargers may start charging in 2022. In-car navigation displays
all destination chargers.

Software updates and upgrades: New software and firmware versions are routinely updated
over-the-air in Tesla automobiles. This allows cars to improve after purchase. Tesla offers
over-the-air software updates to unlock automobile features. Basic Autopilot, Full
Self-Driving, acceleration boost (for Model 3 owners), and rear-heated seats are upgrades (for
Model 3 owners).

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Connectivity: All Tesla cars come with "Standard Connectivity" which allows cellular
navigation, internet browsing, music streaming (with a premium membership), and video
streaming and "caraoke" over Wi-Fi or Bluetooth. "Premium Connectivity" offers cellular
service, live traffic, and satellite maps for navigation.

Vehicle servicing: Tesla services its automobiles remotely first. If a problem can't be fixed
remotely, a Tesla service center or mobile technician is sent. Tesla says it won't make a profit
on vehicle servicing, a traditional profit center for auto dealers. In 2016, Tesla suggested
inspecting cars every 12,500 miles or once a year. Early in 2019, the handbook was altered to
say: "Your Tesla does not require yearly maintenance and regular fluid changes." Instead, it
suggests updating the brake fluid, A/C, tires, and air filters.

IT Innovations & Innovative Business Strategies

Tesla’s Business Strategy: Strategic innovation for Tesla means reimagining how current
technologies may be utilized in new ways. Tesla builds the future by looking back. Tesla's
business strategy is headline-grabbing innovation capital. Tesla's open source innovation and
unorthodox corporate communication are altering the globe. Tesla's electric automobiles
violate consumer expectations. Tesla's technology is world-changing. Hierarchies can hinder
problem-solving by preventing the flow of information. Adopting a business structure that
reduces hierarchy friction and supports flexible, fluid communication can help. During
product pushes, Musk reportedly sleeps near the line. This borderline fanaticism makes him
an innovative leader with perseverance, vision, and persistence. Tesla wants people to adopt
its new system. First, by developing fascinating electric vehicles. Second, by engaging with
fans and early adopters to fine-tune each product release.
Tesla focuses on global concerns like sustainable transportation, climate change mitigation,
renewable energy collection and storage, and autonomous technologies. Innovation involves
bursting a widely held belief with a radical new method. Tesla has invested its own money,
unlike other corporations. In 2014, the firm opened their patents to anyone interested in using
them, giving fans and enthusiasts around the world a look at their technology and practices.

Tesla’s Innovations:
Electric Cars: Electric automobiles are Tesla's most famous product. Tesla was the first firm
to perfect electric cars. Teslas are efficient, attractive, and eco-friendly.

Chargers: Tesla established a network of supercharging stations to facilitate long-distance

electric car driving. Tesla owners can charge their cars in a quarter of the time it takes to
charge a standard electric car, making long-distance travel more convenient. Tesla's 30,000+
superchargers make electric car ownership easier than ever.

Rooftop solar: Tesla's Solar Roof debuted in 2016. Solar Roof tiles are created from solar
panels but seem like conventional tiles. These roofs turn solar sunlight into electricity to
power your home or company. This innovation makes dwellings energy-efficient and
attractive. Tesla is leading the way with solar roofs, which cut carbon emissions and lower
energy bills. Tesla's Solar Roof tiles are unique. Solar roof tiles are three times stronger than
regular tiles and all-weather resistant. It's 25-years-old. Tesla's in-house team has installed 3.6
GW of sustainable solar energy on 4 lakh roofs, the equivalent of 10 million traditional solar
panels. Tesla consumers may power their houses at the lowest price per watt of any national
supplier and control their monthly electricity bill.

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Powerwall: Tesla offers solar roofing and the Powerwall. The Powerwall stores solar or
grid-sourced energy. In a power outage, this stored energy can power your home or business.

Tesla Gigafactory: Tesla plans to increase production to 5 lakh cars per year to hasten the
world's transformation to renewable energy. Tesla's Gigafactory will meet expected vehicle
demand. The Gigafactory makes electric motors and battery packs, along with Powerwall and
Powerpack. Tesla maintains four facilities—one in China and three in the US. More
Gigafactories will open worldwide in the next few years.

Megapack: Tesla's Megapack is a large-scale battery. This battery can store solar or grid
energy and power homes, companies, or even cities in a blackout. Tesla Megapack delivers
gigawatt-scale capacity and enables the world's largest energy projects. Its 1 GWh project can
power every San Francisco household for six hours.
Its Megapack is a pre-assembled and pre-tested all-in-one system from its Gigafactory,
containing battery modules, bi-directional inverters, thermal management systems, etc.
Connect Megapack's AC output to your site wiring. Megapack uses 40% less space and 10x
fewer parts than current systems. Installing the full system is 10x faster.

Autopilot: Autopilot is another Tesla innovation. This self-driving feature could transform
transportation. Tesla is the most well-known firm working on autonomous vehicles. Tesla's
autopilot feature is the most advanced and improving.

Electric vehicle charging stations: As demand for electric vehicles rises, charging
infrastructure is crucial. Tesla is creating cutting-edge chargers for its electric cars. Innovative
chargers include home (wall) charging, Supercharger, and destination charging. Tesla
manages the world's largest fast-charging network, with 25,000+ Superchargers.

Tesla Model S: In 2012, as the electric vehicle market was developing with pricey,
low-mileage models, Tesla debuted the Model S, which broke sales records in the years that
followed. This vehicle has a 300-mile range with spaceship-like design and technology. This
was so ahead of its time that it still boasts record sales.

Updates: Tesla's over-the-air firmware updates are a game-changing innovation other

manufacturers couldn't offer. Tesla vehicles receive over-the-air software updates over Wi-Fi
that introduce new capabilities. This allows cars to improve after purchase. Tesla offers
over-the-air software updates to unlock automobile features. Basic Autopilot, Full
Self-Driving, acceleration boost (for Model 3 owners), and rear-heated seats are upgrades (for
Model 3 owners).

Sensory mode-Sentry mode: Tesla's sensory sentry mode triggers the car's cameras to record
theft or vandalism. The car plays music loudly and notifies the owner through a smartphone
app. After these videos emerged online, car theft and vandalism decreased.

Tesla cybertruck: Cyber Truck has a durable, passenger-protecting outer shell. Every
component, from the almost indestructible exoskeleton to the Tesla armor glass, is built for
strength and endurance.

Tesla Roadster V2: The Tesla Roadster Mark 2 is going to use the same cold gas thrusters
that are used in Spacex Rockets.This is like turning the hypothetical world into reality.

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