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IPFS News Link • Business/ Commerce

Tesla Will Overcome Denial in the Next 8 Months and Become a $1 Trillion Tech Giant

• https://www.nextbigfuture.com, by Brian Wang

This will review key aspects of what was done and how 8 months of continued execution will make Tesla a $1 trillion technology giant like Apple, Amazon, Microsoft and Google.

In 2005, Tesla contracted with Lotus Group to make gliders, which are cars without the drivetrain. Those were used for the first Tesla Roadsters.

On June 29, 2010, Tesla Motors had an initial public offering where 13,300,000 shares of common stock were issued to the public at a price of US$17.00 per share. The IPO raised US$226 million for the company. In early 2013, Tesla had problems producing the Model S, and was running out of money. Improved production and a sales push gave Tesla its first profitable quarter, and an $11 billion deal with Google was abandoned.

The Model 3 was unveiled in March 2016. There were production problems through 2017 that were overcome in the first quarter of 2018.

Tesla production and sales over 8 years is showing 50%+ growth in car sales
22,000 cars in 2013
31,500 cars in 2014
40,000 cars in 2015
76,000 cars in 2016
103,000 cars in 2017
244,000 cars in 2018
357,000 cars in 2019
e 510,000 cars in 2020 (despite COVID-19 shutdowns that reduced by 70,000)


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