Tesla history timeline: mapping out stock prices and innovations
Originally published at https://evannex.com on October 18, 2022.
Tesla has faced several highs and lows in its nearly 20-year history, and today the automaker hardly resembles the pre-IPO startup it once was. In a recent report, Forbes shared a long timeline of Tesla’s major innovations and accomplishments, alongside the company’s biggest headaches and the movement of its stock price to where it is now.
Above: A Tesla Model 3. Photo: Vlad Tchompalov / Unsplash
Below is a timeline of some of Tesla’s most important innovations, achievements and challenges, as well as its evolving stock price once becoming publicly traded.
Note : Forbes has adjusted historical prices to account for stock splits.
2003: Tesla founded
Tesla founded by Martin Eberhard; before July 1: Elon Musk and IPO stock price
2004: Elon Musk invests in Tesla
February: Elon Musk invests $6.5 into Tesla
2006: Tesla secures $105 million in funding, stock price pre-IPO
July 19: Tesla unveils Roadster
August 2: Tesla and Musk reveal “Master Plan” to move from coal to solar and to produce affordable EVs
2007: Eberhard steps down as CEO, Tesla cuts staff to lower burn rate
August: Co-founder Eberhard resigns, moves to the role of President of Tech; Michael Marks becomes CEO
November: Ze’ev Drori takes over for Marks
2008: Eberhard officially leaves, Tesla narrowly avoids bankruptcy
January: Eberhard officially leaves the company
February 1: First Roadster rolls off the production line
October: Musk takes over while Tesla is on the brink of financial collapse
November: Tesla narrowly avoids bankruptcy
2009: Eberhard sues Tesla, Model S launched
March 26: Tesla welcomes Model S
June: Martin Eberhard files libel, slander lawsuit against Tesla claiming he was forced out of the company; gains $465 million loan that would later be repaid in May 2013 with $12 million in interest
August: Tesla’s first time achieving corporate profitability; Eberhard drops lawsuit against Musk
September: Tesla gets $82.5 million in funding
2010: Tesla goes public, partners with major automakers
January 29: Tesla files S-1 Form with SEC to initiate IPO
April 20: Daimler gains 10-percent stake in Tesla for around $50 million
May 21: Toyota gains Tesla stake through $50 million stock purchase
2011: Model S introduced
2012: Tesla ends Roadster, launches Superchargers
2013: Tesla turns first quarterly profit
2014: Tesla launches Giga Nevada, Autopilot
2015: Tesla reveals energy products, First Model X delivered, Autopilot rolls out to customers
2016: Tesla announces Model 3, SolarCity deal initiated
2017: Tesla changes name, launches Model 3
2018: Tesla reports losses, Twitter, SEC go crazy over Elon Musk tweet
2019: Tesla unveils Cybertruck, Model Y, Giga Shanghai starts production
2020: Tesla breaks valuation records, delivers first Model Y units
June 10: Tesla’s market valuation grows to $180 billion
Stock price: $68.34
2021: Tesla delivers first Model S Plaid, surpasses a trillion dollar valuation
2022: New lawsuits and Gigafactories
Onlookers may be able to garner many valuable lessons from Tesla’s history, but suffice it to say that it has been a long and winding road, full of both failures and successes. With a new Gigafactory location set to be announced this year and continued expansion of the company’s innovations across worldwide markets, the next decade is likely to be a Tesla-dominated one — even more so than the last decade.
Originally published at https://evannex.com on October 18, 2022.