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Elon Musk becomes the richest person in the world

Thanks to the surge of share price of Tesla, Inc., Elon Musk, who is the CEO of EV giant, becomes the world’s wealthiest person in the first week of January 2021. What will you in your mind, when you hear about Elon Musk? Tesla? Model Y? Model 3? SpaceX? Mars? Or more. Of course, Elon Musk is one of the PayPal Mafia’s members and other PayPal Mafia members including Peter Theil are well-known as well. However, Elon Musk’s popularity becomes higher and higher and success of Tesla in the EV market is one of the reasons of his popularity. Thus, let us think of the company more in this article.

Who is Tesla, Inc.?

Based on its homepage, the company profile of Tesla is described as follows.

Tesla’s mission is to accelerate the world’s transition to sustainable energy.

Tesla was founded in 2003 by a group of engineers who wanted to prove that people didn’t need to compromise to drive electric – that electric vehicles can be better, quicker and more fun to drive than gasoline cars. Today, Tesla builds not only all-electric vehicles but also infinitely scalable clean energy generation and storage products. Tesla believes the faster the world stops relying on fossil fuels and moves towards a zero-emission future, the better.

Launched in 2008, the Roadster unveiled Tesla’s 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. Combining safety, performance, and efficiency, Model S has reset the world’s expectations for the car of the 21st century with the longest range of any electric vehicle, over-the-air software updates that make it better over time, and a record 0-60 mph acceleration time of 2.28 seconds as measured by Motor Trend. In 2015, Tesla expanded its product line with Model X, the safest, quickest and most capable sport utility vehicle in history that holds 5-star safety ratings across every category from the National Highway Traffic Safety Administration. Completing CEO Elon Musk’s “Secret Master Plan,” in 2016, Tesla introduced Model 3, a low-priced, high-volume electric vehicle that began production in 2017. Soon after, Tesla unveiled the safest, most comfortable truck ever – Tesla Semi – which is designed to save owners at least $200,000 over a million miles based on fuel costs alone. In 2019, Tesla unveiled Model Y, a mid-size SUV, with seating for up to seven, and Cybertruck, which will have better utility than a traditional truck and more performance than a sports car.

Tesla vehicles are produced at its factory in Fremont, California, and Gigafactory Shanghai. To achieve our goal of having the safest factories in the world, Tesla is taking a proactive approach to safety, requiring production employees to participate in a multi-day training program before ever setting foot on the factory floor. From there, Tesla continues to provide on-the-job training and track performance daily so that improvements can be made quickly. The result is that Tesla’s safety rate continues to improve while production ramps.

To create an entire sustainable energy ecosystem, Tesla also manufactures a unique set of energy solutions, Powerwall, Powerpack and Solar Roof, enabling homeowners, businesses, and utilities to manage renewable energy generation, storage, and consumption. Supporting Tesla’s automotive and energy products is Gigafactory 1 – a facility designed to significantly reduce battery cell costs. By bringing cell production in-house, Tesla manufactures batteries at the volumes required to meet production goals, while creating thousands of jobs.

And this is just the beginning. With Tesla building its most affordable car yet, Tesla continues to make products accessible and affordable to more and more people, ultimately accelerating the advent of clean transport and clean energy production. Electric cars, batteries, and renewable energy generation and storage already exist independently, but when combined, they become even more powerful – that’s the future we want.

Do not think Electric Vehicles as substitutes for combustion engine cars

As we see Tesla’s mission, the company is not an electric vehicle manufacturer but the sustainable energy company. Therefore, we have to see the EV giant from multiple perspectives and the company not only manufacture products related to sustainable energy such as electric vehicles and solar panels but also make use of the services based on the energy like carbon credits. If we think of Tesla as substitutes for traditional automobile companies such as Volkswagen, Toyota and General Motors, the idea might be wrong. For example, Tesla has already made another surprising product, which is an air-conditioner called “Inverter AC”. Based on the products’ homepage, the product is described in the following way: Advanced technology in service of your desired air temperature! Rely on Tesla Inverter AC units with eco refrigerants and a plenty of useful functions. Tesla’s new product, Inverter AC, optimize electric energy consumption as well as make room temperature comfortable. If we want to cool or heat our rooms, we just need an ordinal air-conditioner. However, Tesla is the sustainable energy company so that it wants to energy consumption more efficient and sustainable. That is why the company enters the new market and optimization for our energy usage can be the service, or digital in other words. Thus, we can conclude that Tesla is more than EV manufacturer, and that the company is the digital energy solution company.