In 2019, seasoned television show host Jay Leno passed a vote of confidence on Tesla’s boss, Elon Musk. He referred to Musk as a visionary whose electric car company is revolutionizing the automobile industry. The heap of praise for Musk grew as Leno likened Tesla’s CEO to greats such as Henry Ford and Thomas Edison — men who pioneered innovation. That sentiment has not changed.

Leno, a long-time supporter of Tesla, sided with Musk when he was involved in a legal tussle with the United States Securities and Exchange Commission. The end product of the agreement between Musk and the Commission was that he would not publicize Tesla’s financial performance without a lawyer’s consent. Leno believes that Musk has overcome the odds despite the apparent desire of news columnists to cover the American company’s failure.

Musk, however, continues to keep the brand afloat with local resources and an amazing American staff. Leno opined that Musk is one of Tesla’s brightest stars, an instrument of its ever-increasing success. He also said that Musk’s request for the addition of a speed booster feature known as “Ludicrous mode” was only possible because of his high stake in the company’s shares, hence why he can propose additions like this. The “Ludicrous mode” is available on some of Tesla’s models.

Towards the end of October and the first few days in November, Tesla recorded a market cap of $1 trillion. This incredible figure caused Musk’s net worth to rise to the fringes of $300 billion. Tesla and Musk have Hertz to thank for this tremendous increase. Hertz revealed it would order 100,000 electric-powered vehicles to build a rental fleet.

Hertz’s Massive Electric Vehicle Investment

2022 Tesla Model S Plaid Charging At The Station
Via: YouTube

On October 25, 2021, Hertz disclosed it would invest in Tesla to build a giant rental fleet of electric vehicles. This would be North America’s largest fleet and one of the world's largest fleets. To create the fleet, Hertz put down an order of 100,000 electric vehicles and modern-day charging equipment.

According to Hertz’s temporary CEO, Mark Fields, “Electric vehicles are now mainstream and we've only just begun to see rising global demand and interest.” About 40% of US consumers assert they are likely to buy an electric car. This, along with a global sales increase of 200%, shows a nonstop growth in the electric vehicle market.

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Now let's look at Tesla’s humble beginnings and how it has become a juggernaut in the American automobile industry.

A Brief History of Tesla

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Via:

Tesla was established in 2003 and has since focused on the production and sale of high-quality electric vehicles (EVs) and batteries. Elon Musk has driven the company to attain its vision of transforming the image of electric vehicles. It called this audacious vision the “Secret Master Plan”.

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Tesla co-founder, Martin Eberhard, culled the name from Nikola Tesla, a stunning inventor whose work in electricity remains remarkable to date. His production of the AC electric motor employed in Tesla vehicles is one of the many reasons the company bears his name. For Eberhard, the name resonated with his idea for the company.

Previously known as Tesla Motors, Tesla began in 2003. Its founders and engineers loved electric cars and looked at the endless possibilities of a world in which only electric cars existed. For them, building this kind of car was a way to echo its mantra of cars that are “better, quicker, and more fun to drive than gasoline cars”.

Tesla’s First Car

A picture of the 2008 model of the Tesla Roadster.
Via Tesla

The Roadster was Tesla’s first electric vehicle, and its prototype debuted in 2006. It was eventually released in 2008 following a couple of years spent fine-tuning the vehicle. By then, founders Martin Eberhard and Marc Tarpenning bowed out of the company. To fill the void, Michael Marks served as Tesla's interim CEO. In November 2007, Tesla named Ze’ev Drori its new CEO and is now the Vice-Chairman, also serving on the board of directors.

The Roadster possessed extraordinary battery technology plus an all-electric powertrain. In March 2008, Tesla began production of the Roadster. Asides from being an instant hit, the Roadster was a beauty that other companies had failed to create for so long. Despite selling at a price that eluded many, it was an electric-powered car with realistic features that satisfied buyers’ needs.

With just a charge, the Roadster’s first models could drive for 250 miles and featured an acceleration that other consumer sports cars could not beat. It contained a lithium-ion battery that was prevalent in most electronic devices and allowed customers to charge the vehicle with a basic wall socket.

Some of Tesla’s Forthcoming Models

A picture of Tesla Cybertruck 2022.
Via netcarshow.com

It's safe to say that electric vehicles have grown popular among consumers thanks to Tesla. With innovative technology and incredible features, you will have a great experience. Below is a list of three of Tesla’s forthcoming electric vehicles:

  • The 2023 Cybertruck, $39,900 (Starting price).
  • The 2022 Model S, $91,190 (Starting price).
  • 2023 Roadster, $200,000 (Starting price)