Tesla - Long Shot to Succeed
Tesla was founded about 20 years ago in San Carlos, California. Today, it has become the biggest manufacturer in California. This is quite the feat, considering the EVs (electric vehicles) were considered a novelty item and never given a chance to succeed.
But, through the vision of Elon Musk and the hard work everyone at Tesla has put in, this is changing. Tesla is the world's largest EV manufacturer and is single-handedly moving the entire auto industry to EVs. Without this push, there may not be the innovation happening in the auto industry today.
The chance of failure for a startup is always high - around 80% fail in their first year. There are only two car companies that have not gone bankrupt: Ford and Tesla. Successful car startups are very difficult to find and very risky to invest in. There were virtually no EVs on the road, and all other EV programs were cut when Tesla was founded.
Tesla has succeeded against all odds with a suite of products that customers love and that are incredibly useful. Tesla excels with a product line and development in these areas:
* Vehicle design
* Megapack production
* Hardware & software engineering
* Vehicle & battery manufacturing
* Battery development & testing
You may also be interested in:
- Tesla's Megafactory - Capable of Producing 10,000 Megapacks Per Year.
- The staggering economics of the Tesla semi.
- Tesla Vehicles Can Handle Extreme Cold and Heat.
California's Most Important Company
In 2022, Tesla grew to 47,000 direct employees and about $5 billion in capital investment in California. Today, Tesla is continuing its investment in California with the new engineering headquarters in Palo Alto. This is the heart of software engineering and tech startups and is a good place for Tesla to have this.
It's good for Tesla to have some of its operations come back to California. California is known for Silicon Valley - computer startups that started the boom of the tech industry. Software makes everything easier and advances progress much more than manual tasks and processes.
I remember one of my first visits to California in early 2015. I had the privilege of riding in an original Tesla Roadster from a friend. When I first experienced the fast acceleration of the car and saw its incredible design, I knew there was something special about Tesla.
I think Tesla is going to add a lot of value to California in the form of software engineering and technical jobs. Elon Musk must have had a good conversation with the Governor, Gavin Newsom, and I'm guessing there was a win-win situation discussed.
What do you think about Tesla succeeding as a startup despite all the odds? Is this a good thing?
Back then, the chance of failure was high—there were not many successful car startups, virtually no EVs on the road & other manufacturers cut their EV programs. Thank you to the Tesla team for working so hard to make Tesla successful! pic.twitter.com/v7K4nubyKC— Tesla (@Tesla) February 23, 2023
In Related News: Tesla's Energy Business is Flying Under the Radar of Wall Street
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Jeremy Johnson is a Tesla investor and supporter. He first invested in Tesla in 2017 after years of following Elon Musk and admiring his work ethic and intelligence. Since then, he's become a Tesla bull, covering anything about Tesla he can find, while also dabbling in other electric vehicle companies. Jeremy covers Tesla developments at Torque News. You can follow him on Twitter or LinkedIn to stay in touch and follow his Tesla news coverage on Torque News.