Tesla Is Driving To India! Here's All We Know About World's Most Valued Carmaker | 10 Points

Tesla was founded in 2003 by a group of engineers who wanted to prove that people didn't need to compromise to drive electric vehicles.

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New Delhi: Electric vehicle maker Tesla Inc. drives into India by incorporating a unit and a corporate office in Bangalore. The world's most valued carmaker plans to start sales of electric vehicles in India this year. Tesla was founded in 2003 by a group of engineers who wanted to prove that people didn't need to compromise to drive electric vehicles. Within years of its formation, Tesla proved that electric cars could be better, quicker, and more fun to drive than gasoline cars.

Here's what we know about the world's most valued car maker?

1. In 2008, Tesla launched the Roadster, a cutting-edge battery technology, and electric powertrain. From there, Tesla designed the world's first-ever premium all-electric sedan from the ground up – Model S– which has become the best car in its class in every category. 2. In 2010, Tesla launched its IPO in the US, the first American car company since the Ford Motor Company in 1956. In 2015, Tesla expanded its product line with Model-X, the sport utility vehicle holding 5-star safety ratings across every category from the National Highway Traffic Safety Administration. 3. In 2016, Tesla introduced Model 3, a low-priced, high-volume electric vehicle that began production in 2017. The company is likely to introduce its Model 3 in India, which costs between Rs 55 lakhs and Rs 60 lakhs. 4. Tesla vehicles are produced at its factory in Fremont, California, and Gigafactory Shanghai. The company is planning to expand its production bases in emerging markets, including India. 5. Keeping an eye on Indian and other emerging markets, Tesla is building its most affordable car yet likely to be priced at $25,000 (Rs 18.3 lakh) 6. Tesla reported revenues of $24.5 billion and an operating loss of $69 million in 2019. In October 2020, Tesla reported its fifth consecutive quarterly profit on record revenue of $8.8 billion. 7. Tesla delivered 499,550 vehicles in 2020, slightly missing its guidance of 500,000 vehicles. On January 10, 2020, Tesla become the most valuable American automaker ever, with a market capitalization of $86 billion, surpassed those of BMW, Daimler, and Volkswagen combined. 8. The next month, Tesla reached a market capitalization of $206 billion, surpassing Toyota's $202 billion to become the world's most valuable automaker by market capitalization. 9. In 2020, the share price of Tesla increased by 720% and 20% this year to make Elon Musk the wealthiest person in the world, overtaking Jeff Bezos of Amazon. 10. Tesla shares are trading at $850 a share, valuing the company at $805 billion, surpassing Facebook's $715 billion market cap. Tesla is now the world's sixth most valued firm after Apple, Saudi Aramco, Microsoft, Amazon, and Alphabet (Google).