Tesla shows its strength in 2020 Shareholders Meeting.

Tesla, Inc. held its Battery Day and 2020 Shareholders Meeting on September 22nd 2020 at Tesla’s 901 Page Avenue facility in Fremont, California. Even though most companies have faced the difficult time due to the pandemic, the electric vehicle giant showed that the company was growing and actually achieved 4 consecutive quarters of GAAP profitability. On the contrary, Toyota and Nissan made loss from April to June in 2020. CEO of Tesla, Elon Musk, mentioned that word of mouth was one of the key success factors for the company’s growth, and e-commerce was another success factor. In fact, many people all over the world had the restrictions to go out in the second quarter in 2020 due to each country’s policy to avoid the spread of virus. However, the company does not rely on over-the-counter sales and this is one reason for the success.

Who is TESLA?

Tesla, Inc. was founded in 2003 and co-founder of the company are Martin Eberhard, Marc Tarpenning, Ian Wright, Elon Musk, and J. B. Straubel, respectively. The name of an inventor and electrical engineer Nikola Tesla is the source of the company name. The company sells several products such as electric cars, battery energy storage from home to grid scale, solar products and related products and services. We can easily recall the news that Tesla overtook Toyota to become world’s most valuable carmaker in summer 2020.

According to Tesla’s homepage, its mission is to accelerate the world’s transition to sustainable energy. Thus, as we see the other article about Tesla, Tesla is not an electric vehicle manufacturer but the sustainable energy company and sells air-conditioners, in fact.

What is attractiveness of TESLA or Electric Vehicle?

According to the survey of our group companies, some consumers in Japan told us that they felt that the attractiveness of Electric Vehicles (EVs), especially Tesla, was update of their software. Therefore, we could say that EVs are next smartphones in our society.

Connectivity is one of the key concepts in Electric Vehicle

After the arrival of the Internet, there are some buzzwords that are related to the connectivity such as the Internet of Things, the Internet of Everything, and Smart Home. Thanks to technological advancements, we can digitize our physical activities, which means that we can understand our way of life by checking THE data. For example, we can easily check how many steps we walk everyday by using smartphone app. After digitizing our physical activities, we can connect them to other data, and this concept is strongly related to “connectivity”. When we use electric vehicles, it is also possible that hardware will be able to record our activities. For instance, from where to where we moved, when we turned on and off them. This is another reason why we could say they are next smartphones so that EVs are probably the next important interface between machines and humans.