Electric car manufacturer Tesla has gained significant interest from consumers with the release of each new model of its car but the company has proven to have a reach far beyond automobiles. The company is also know for its energy innovation, its design and its technological endeavors. Tesla was founded in 2003 in Silicon Valley. In 2014 Elon Musk joined the company as chairman of its board of directors. The company was named after electrical engineer and physicist Nikola Tesla. The Roadster, introduced in 2006, was the first all electric sports vehicle. It uses an AC motor based on Nikola Tesla’s original 1882 design. Next, came the Model S, a fully electric luxury sedan which has a range of 265 miles, equal to about 89 mile per gallon. In 2015 Tesla introduced the Model X, a full size crossover utility vehicle with functional falcon wing doors. In addition to its 2015 releases, Tesla unveiled Powerwall, a home battery that charges using solar panels. Tesla, along with its partner, Panasonic, is currently constructing a $5 billion ‘gigafactory’ in Nevada. The factory will provide Tesla’s growing collection of models with lithium-ion batteries. Next up for the California-based company is its Model 3 vehicle, a more affordable electric car starting at about $35,000.
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