Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Nikola Tesla: The Greatest Inventor of All
Nikola Tesla: The Greatest Inventor of All
Nikola Tesla: The Greatest Inventor of All
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Nikola Tesla: The Greatest Inventor of All
Two Line Description – The most exciting, and innovative company in the world right now. Tesla motors sells a slice of the future.
Named after the great Serbian inventor, Nikola Tesla, Tesla motors, was founded in 2003 by Martin Eberhard, and Marc Tarpenning. Elon Musk later joined the company, with his personal funds of 8 million $
The company produces beautiful sports electric vehicles. It is the second oldest publicly traded auto company in the United States, after Ford Motors. It is also the first successful auto start up since Chrysler, in the United States.
Tesla in its brief existence has a market capitalization of more than 33 US Billion Dollars, which is more than the market cap of Fiat, Mitsubishi, and Chrysler, combined.
Tesla
…show more content…
Then they built the Model X, costing upwards of 80000 USD. Then came the Model S, which was its biggest hit,
In 2016, something remarkable happened. Within a week of its latest car's launch, it received almost 400000 pre-orders. That's around 13 Billion USD, of advance money, for a car, that had not been yet seen by anyone in the world, and that, which was going to be delivered only after 2 years. The biggest and the most spectacular launch of any product ever in the world.
Tesla is likened to Apple/Google of the automotive industry, with over the air updates to its car every three months, which means, a much older Tesla has the same features as a newer one. Remarkable!
It spends 0$ on advertising because it's all the time in the news. This kind of recognition can't be bought, it's earned. The reasons can range from getting labeled as the safest car ever, Model S with a rating of 99/100, by two of the biggest unbiased safety rating agencies, or just the fact that Tesla sells a slice of the future. Also, the fact that it's revolutionary inventor CEO Elon Musk does a lot of interviews, and he's working on a lot of cool and interesting projects. That's all the marketing he
Seeing a Ford Model T or A driving down the road is a snap shot of history of American motor vehicles. Henry Ford revolutionized the automobile industry and set the standard for manufacturing products on an assembly line. In 1903, Henry Ford opened Ford Motor Company with $28,000 and sold his first Model A to Dr. E. Pfenning, a physician from Chicago, Illinois (Ford Motor Company, 2013). Since that first vehicle, Ford Motor Company has gone on to sell over 300 million vehicles.
The First production of the Model T came out on October 1, 1908 at the Piquette Avenue Plant in Detroit. (www.hfmgv.org) At the time the Model T was going for a price around $850 and by the Twenties a newer model could be bought for at a price of $275.(Gordon) Although having a Model T, was a sign of wealth, it was awfully cheaper than other cars being manufactured by the other manufactures. The Model T was different from all other cars being made at the time because Ford found a way to make his car affordable. The Low Price of the Model T sent a boom around the nation. "Over the next 19 years, Ford would build 15,000,000 automobiles with the Model "T" engine, the longest run of any single model apart from the Volkswagen Beetle." (www.hfmgv.org) "In 1900 America produced 4,100 automobiles; in 1908, the year of the Model T's advent, the number had risen to 63,500; in 1909 it had nearly doubled, to 123,900. In 1916 it stood at 1,525,500." (Gordon)
A Tesla is a vehicle, an all-electric vehicle that combines safety, performance, and efficiency. In 2016, Tesla’s annual revenue totaled $7 billion. Tesla is a profitable company. Tesla has seen potential growth in annual gross income, since 2012 from earning $30 million to 2016 earning $1.56 billion in annual gross income. 1.
Although a loss in the family severely hurt Tesla and his family, he still succeeded in life. He invented many things that we still use today and has even brought us together as a people. Tesla will forever remain a famous inventor to the world, and his success will live on with his name. His understanding of electricity and how things work will forever remain a part of humanity today.
Tesla brought several innovations into this world, most famously his alternating current and Tesla coil, but his mind was one of the most innovative and intelligent of his era. He went beyond the normal thoughts and mindsets of the 19th century, and produced scientific marvels such as the Wardenclyffe tower. He was a man of many talents and skills, and spent out his last days at the New York Public Library, feeding the pigeons who he called “my sincere friends”.
Chiefly, and most apparently, it is the goal of Tesla Motor to generate demand for Tesla vehicles (Andrade, Holloway, Payne, Roy & Sheffield, 2015). In turn, demand will drive leads to the Tesla sales team (Andrade, Holloway, Payne, Roy & Sheffield, 2015). Tesla will continue to build long-term brand awareness, in addition to continual management of corporate reputation (Andrade, Holloway, Payne, Roy & Sheffield, 2015). Tesla Motors will expertly manage the existing customer base to create loyalty and increase customer referrals (Andrade, Holloway, Payne, Roy & Sheffield, 2015). Additionally , Tesla Motors hopes to enable customer input into the product development process (Andrade, Holloway, Payne, Roy & Sheffield, 2015).
In addition, the economy is also working against Tesla as the gas and oil prices are dropping at a steady but positive way. This would render Tesla’s business unattractive, as people will be able to afford other types of cars other than the electric cars. Hence, the market economies may not be that favorable to Tesla as they are for other automotive sector market
Tesla Motors has no suppliers within Australia because their manufacturing business is based in California and they source their materials from suppliers who are in the USA in order to reduce their costs as stated in an article (Cornell & Damodaran, 2014). They do, however, have a growing customer base in Australia. Australians are not the main consumers of electric vehicles because, charging stations in Australia are not common and are only available in major cities. However, there is still a growing interest in Australia for electric vehicles. Due to the lack of availability of electric vehicles in Australia, the number of users was relatively low.
Manufacturing will run on 100% renewable energy helping our environment a lot. As of the year 2018 almost 500,000 cars should be produced. Tesla’s market value is $33.5 billion. Tesla’s stock market has risen over 1000% since 2012. To start tesla Elon Musk invested $70 million of his own money. Elon Musk is a successful businessman with 4 companies valuations over $1 billion. Elon Musk has a networth of $12.1 billion. Many of the Tesla sale models are illegal in many U.S.
Tesla Motors Inc. is an American public company which is known worldwide for its experience in designing, manufacturing and also the selling of electric cars and electric components for vehicles. The motor was started back in the year 2003 in San Carlos, California in the United States (Teslamotors.com, 2014). The company had its headquarters in Palo Alto and at the time of its inception, Elon Musk was its chief executive officer (CEO) (Hunger, 2010). Environmental concerns have been raised from time to time because of the dependency on the gasoline-fueled engine as the chief auto powertrain technology.
Tesla has managed to build a notable brand name for itself not in the electric car market, but in the overall automotive industry. Its brand performance offers a robust, reliable and unique image that gives customers the satisfaction that electric cars can be stylish, reliable, hassle-free and much less bulky than internal combustion engine vehicles.
Westinghouse licensed Tesla’s patents for $60,000 in stocks and cash and royalties based on how much electricity was sold. Later, fearing ruin, Westinghouse begged Tesla for relief from the royalties Westinghouse agreed to. “Your decision determines the fate of the Westinghouse Company,” he said. Tesla, grateful to the man who had never tried to swindle him, tore up the royalty contract, walking away from millions in royalties that he was already owed and billions that would have accrued in the future. He would have been one of the wealthiest men in the world—a titan of the Gilded Age.
First off, he invented the induction motor, which is a very important part of many modern appliances and appliances back when he invented it. Another thing that Tesla invented is Remote Controls. This invention, like most others of his, is very important.(Geisler) Another important technology that he invented was wireless communications. Tesla also invented the laser, which was a good and bad invention. Once the laser was invented, Tesla started thinking of building a “death ray”, but the good thing about lasers is that we use them for technologies now like infrared systems. If you have ever listened to the radio in car rides, you can thank Tesla for that too. Tesla also “invented” neon lighting. Another one of Tesla’s inventions is the Tesla coil. Lastly, the most important thing that Tesla invented in his lifetime is Alternating Current, or AC. (West) Tesla needed money for funding. He pitched his patents and ideas to a few people. One of them was George Westinghouse, who liked AC because he liked the idea of long distance power, invested in his ideas. Westinghouse then bought some of Tesla’s patents for 60,000$. Now, since Tesla has the funds for the AC system, he can go against Edison and show him that AC really is superior. They made advancements on the AC systems and in the year 1893 at the World’s Columbian Exposition in Chicago. It was there that Tesla had presented demonstrations