<h1 style="box-sizing: border-box; margin: 0px; font-weight: 500; line-height: 1.5; font-size: 2.4em; font-family: Poppins, sans-serif; color: var(--iq-title-text); letter-spacing: 1px; background-color: #ffffff;">Tesla - The Company That Changed the Automobile Industry</h1>
<p><img style="box-sizing: border-box; vertical-align: middle; border-style: none; max-width: 31%; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff; width: auto; margin: 0px 10px; max-height: 263px; height: auto;" src="https://i.imgur.com/wletRlK.jpg" alt="Tesla" align="left" /></p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">Founded in 2003, Tesla is an American multinational clean energy company that manufactures electric vehicles and related products. Its solar energy products are designed to power homes and businesses.</p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">Since its founding, Tesla has developed a multi-pronged strategy to transform the automotive industry. This includes building an ecosystem of battery and solar powered vehicles, and reshaping its product architecture.</p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">The company's hardware architecture includes a flat pack of batteries at the base of the car. It also has bakes that recoup energy as the car slows down.</p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">The company's goal is to make electric cars affordable. It plans to release the first electric light-duty truck in 2023. It also has a series of charging stations in Europe and Asia. The charging infrastructure is the biggest barrier to the mass adoption of electric vehicles.</p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">In order to produce its vehicles, Tesla built manufacturing centers in Reno, Nevada, Buffalo, New York, and Shanghai, China. It also began to build a network of Supercharger stations in the U.S. and Europe.</p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">It has also invested in improved batteries. This has increased its energy density and enabled the company to reduce its center of gravity. This has helped the company overcome the system-level limitations it faced before.</p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">In 2010, the company raised $226 million in an initial public offering (IPO). It changed its name from "Tesla Motors" to "Tesla, Inc." in 2017.</p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">The company's stock was trading at around $17 per share when it went public. It was valued at more than $15 billion at the end of the year. This market value is larger than the combined value of Ford, FiatChrystalo, and GM.</p>