Tesla Motors (NASDAQ: TSLA, Trading at 286.044.85 (1.72%) as of September 04, 2014) is an American company that manufactures, designs and sells fully electric vehicles including electric vehicle powertrain components. Tesla Motors significantly gained notoriety amongst consumers when they first introduced their Tesla Model S model. The model is a fully electric vehicle capable of going up to 300 miles without the need for an electric refuel. This innovative effort helped the company leapfrog in the forefront of the electric vehicle market evidenced by its unprecedented profit gains in 2013. Tesla Motors also recently announced its new Model III, a mid-size sedan expected to make its debut in 2016. The price of the vehicle is set at around $35,000, putting it in direct competition with BMW 3 series and Mercedes C-Class.
Tesla Motors’ CEO is Mr. Elon Musk. Musk needs no other introduction, other than the fact that he is a consummate visionary. He has been affiliated with many innovative products like SpaceX, PayPal, Inc. and SolarCity even before his role as Tesla Motors’ CEO.
On June 12, 2014, in an unexpected move, Musk announced via a blog titled “All our patents belong to you,” that the company would allow its technology patents to be used by anyone in good faith. The blog stated:
“We believe that applying the open source philosophy to our patents will strengthen rather than diminish Tesla’s position in this regard.”
Put in another way, the majestic vision of Tesla Motors is to convert the whole world to electric cars and perhaps cut our ties to crude oil completely. Being an adamant visionary that Musk is, anything is possible.