Tesla is an American all-electric car company, started running primarily by Elon Musk in 2003 that has been on a growth spree for the past one decade. The company’s first car, the Tesla Roadster, was introduced in 2008 to showcase the capabilities of an all-electric car. The Roadster used the bodyshell of the Lotus Elise sports car and came with an all-electric battery pack that was claimed to deliver a range of 200 miles (around 320km). Later, Tesla launched its first completely in-house developed car – the Model S sedan in 2012, and followed it with the Model X SUV in 2015, while expanding its footprint in the global passenger market. The commencement of Tesla Motors happened twelve years back in the Silicon Valley, founded by a group of a few engineers in 2003.
Presently the brand has hired more than 12000 employees and operates a revenue of 3 billion US dollars annually.
Martin Eberhard and Marc Tarpenning was the one who laid the founding stone to the company in the beginning who incorporated the firm in July 2003 and financed it until the Series A round of funding. Elon Musk is the third member who led the Series A round of funding in February 2004. Soon after this, he joined the company’s board of directors as the chairman. The company is named after Nikola Tesla, a physicist and an electrical engineer who pioneered AC induction Motor technology more than a century ago. With the ambition of commercializing electric vehicles, Tesla motors started off its journey with a sports car and moved into the mainstream segment with a Sedan and a Crossover model. The company’s engineers have developed the first fully electric sports car using the same AC induction motor technology, which was patented in 1888 by Nikola Tesla. Then Tesla Roadster was launched in the year 2008, whose pickup rate from 0 to 100 Kmph was clocked in just 3.8 seconds. The company has sold more than 2400 units of Roadsters in more than 30 countries all over the globe. Its first ever luxury Sedan was the Tesla Model S, which was launched in 2012. Earlier this year, it presented a full-size crossover Model X, whose design is based on the Model S Sedan.
At present it is working on Model 3, which is slated to go into mass-production by 2020.
Tesla has now gotten interested in entering the Indian market by 2021 as clarified by Nitin Gadkari, the Union Minister for Road Transport and Highways and the Minister of Micro, Small and Medium Enterprises. Tesla brand has decided to add to a prospective buyer’s choices to enter into the Indian vehicle marketing industry. The brand is popular for models like Tesla Cybertruck, Tesla Model 3, Tesla Model S, Tesla Model X, Tesla Model Y cars majorly. The first offering from the Tesla brand is likely to tug it out in the Pickup Trucks segment.
During the conversation with Indian Express editors, the minister underlined the push for electrical cars in the country and said a lot of Indian companies were also working on electrical vehicles that might be more affordable, but technically as advanced as the Tesla. He said Tesla will start operations first with sales and then maybe look at assembly and manufacturing based on the response to the cars.
“India is going to become a number 1 manufacturing hub for auto in five years,” Gadkari added.
In October, Tesla CEO Elon Musk had suggested that the company will come to India in 2021 while responding to a tweet from India. “Next year for sure,” Musk had replied when a handle called Tesla Club India checked with him about the company’s progress in India. The brand has collected $1000 deposit from interested buyers in India in 2016 and a year after the booking were started but due to some delays Telsa is finally launching in early 2021.