Tesla Motors, Inc.

Tesla Motors, Inc. (Tesla) is an manufacturer of electric vehicles. The company principally engages in the development and production of battery electric vehicles. Tesla focuses on developing newly designed, high performance and energy efficient electric vehicles. The company`s primary product Tesla Roadster is an all-electric sports car incorporated with advanced lithium-ion (Li-ion) battery pack. It`s a combination top speed, high acceleration and less operating cost. The company is currently developing a new sedan car which is named as White Star. Tesla has design and assembly facilities in England and motor production facilities in Taiwan. The company owns and operates retail outlets in Menlo Park and West Los Angles. Further, it plans to open seven regional sales and service centers to establish a coast-to-coast network in the US and Europe. It has strong network of representatives and suppliers across the world. Tesla is headquartered at San Carlos, California, the US. In 2009, Daimler AG acquired an equity stake of nearly 10% of Tesla Motors Inc. During January 2010, Tesla had collaborated with Panasonic to develop new battery cells for electric vehicles (EV). The cells are comprised of Nickel-based Lithium ion chemistry, a high energy density battery cell preferred for EV applications because of their capacity, light weight, durability and long life. Tesla will use Panasonic`s battery cells in their newest battery packs. Further in 2010, Tesla started offering the option of leasing the new Roadster and Roadster Sport cars. Tesla leasing allows customers to take immediate delivery of a new 2010 Roadster or Roadster Sport with a three year, 30,000 mile contract and with monthly payments of $1,658.