Overview about Organization & Milestones

 TESLA Company, founded in on July 1, 2003, by Martin Eberhard and Marc Tarpenning as Tesla Motors
 Tesla designs and manufactures electric vehicles (electric cars and trucks), battery energy storage from home to
grid-scale, solar panels and solar roof tiles, and related products and services.
 In February 2004, via a $6.5 million investment, Elon Musk became the largest shareholder of the company. He has
served as CEO since 2008.
 In May 2010, Tesla purchased what would later become the Tesla Factory in Fremont, California, from Toyota for
$42 million.
 On June 2010 had been inserted as a public Company on NASDAQ, the first American car company to do so since
the Ford Motor Company had its IPO in 1956.
 In 2014, Tesla announced the Tesla Autopilot, a driver-assistance system.
 In September 2015, at which time it had 25,000 pre-orders. ( One- Piece Flow ).
 In 2020, Tesla hit its goal of building 500,000 cars, The company ended the year with over $19 billion of cash versus
$6.3 billion at the end of 2019.
 In February 2021, Tesla revealed that it had invested $1.5 billion in bitcoin then after, In July 2022 it was reported
that Tesla had sold about 75% of its bitcoin holdings which were worth $936 million.
 In August 2022, Tesla manufactured its 3 million vehicle but in 2023 Tesla paused the plans to double Giga Shanghai
production to 2 million cars per year after encountering roadblocks from the Chinese central government.
 In March 2023, Musk announced plans for a Gigafactory in Monterrey, Mexico
Overview about Organization & Performance
 It is an American multinational automotive manufacturing company headquartered in Detroit, Michigan,
United States, By sales, it was the largest automaker in the United States in 2022, and was the largest in the
world for 77 years before losing the top spot to Toyota in 2008.
 It designs, builds, and markets cars, SUVs, crossovers trucks, and automobile parts. GM also provides
automotive financing services through its subsidiary, General Motors Financial Company.
 Its four core automobile brands, Chevrolet, Buick, GMC, and Cadillac. Produces vehicles for the US GOV. and
military.
 GM owns more than subsidiary co. such as BrightDrop, a namesake defense vehicles division for vehicle safety,
security, and information services provider, OnStar for insurance.
 By the early 21st century GM had equity shares in a number of car companies, including Fiat, Isuzu, Fuji Heavy
Industries (Subaru), and Suzuki In 2004
 In December 2008 Pres. George W. Bush announced an emergency financial rescue plan with $13.4 billion in
government loans to aid the “Big Three” automakers—Chrysler LLC, General Motors, and Ford.
 2009-Failing to revive itself, General Motors files for bankruptcy with over $100 billion in debt.
 What happened in 2020: General Motors remains heavily reliant on the revenue that comes from truck/SUV
sales. The imbalance between trucks, SUVs and crossovers vs. traditional cars has been so wide. To that end,
many automakers are at a confusing crossroad. For General Motors’ shares trade at a low valuation relative to
earnings so it is going ups and downs for their financial performance to the close prices to earnings.