We’ve said it before and we’ll say it again: we believe in Teslas. We believe in the dedication the company has to the environment, in the quality of their automobiles, and in the power that they can deliver when you need some get-up-and-go. These factors go a long way to convincing people that Tesla rental in Boston is a good idea, but they might not have any idea of where Tesla came from. Here’s a quick overview of the history of this amazing company.
What’s In A Name?
Tesla Motors, Inc. took its name from one of the pioneers of electricity, Nikola Tesla (1856-1943). Tesla was an inventor who was in competition with Thomas Edison over which form of energy should make its way into homes across the country, Tesla’s alternating current (AC) or Edison’s direct current (DC). Tesla had various success with his inventions, but his quest for wireless electricity was never fully realized.
Twenty years ago, very few people could tell you who Nikola Tesla was. Only recently has he been recognized for his contribution to the world of electricity. Tesla Motors took the name because its AC motor is directly descended from Nikola’s original design 126 years earlier!
Tesla Motors was incorporated in the summer of 2003 by Marc Tarpenning and Martin Eberhard, dedicated to creating a fully-electric sports car. Elon Musk, the person most often associated with Tesla Motors, led the initial investment of the company with $7.5 million of his own money. He joined the board of directors and became a controlling investor. Over the next few years Tesla privately raised more than $105 million dollars.
The Tesla Roadster was proof that Tesla could create a fully-electric car that could go more than 200 miles on a single charge. Between 2008 and 2012, Tesla made more than 2400 Tesla Roadsters. The goal of producing an electric sports car had been met, and they moved forward with the Model S.
Government Loans and IPO
Remember back in 2008 when the US Government spent $25 billion to bail out most of the automakers in the country with low-interest loans? Tesla borrowed $465 million of that money to stay afloat, because research and development had moved them to the brink of going under. Proudly, Tesla was the first of the auto companies to repay that loan just five years later.
Tesla also went public on the NASDAQ in 2010 with an initial public offering (IPO), raising $226 million. Over 13 million shares were sold.
The Model S
The Model S started selling in June of 2012. It was a departure from what Tesla had done before, but was completely in accordance with the original plan to create sedans, moving more toward what more consumers would be needing. The first Tesla rental we had here at GSD was a 2013 Model S.
The Model X
The Model X was Tesla’s first crossover SUV, and it started shipping in September 2015. The Model X was delayed for some time as the company focused more on their best-selling vehicle, the Model S. About 9,000 Model X’s were sold in about a year, and the gull-wing door design makes this the coolest-looking Tesla yet!
The Model 3 is the future of Tesla, in that it is bringing the price down the level that an average consumer can afford. At around $40,000, the Model 3 will fulfill Tesla’s idea of bringing powerful all-electric cars to the masses. 325,000 pre-orders have been made for the Model 3; GSD Rides has one on order, and we expect to see it by late 2017 when the car is released.
When you rent a Tesla from us here at GSD, you’re taking part in a piece of history. You’ll never forget when you drove your first Tesla, but considering where the company is going we guess that it won’t be the last time you drive one. If you’re ready for your first Tesla rental, click here!