Tesla

Tesla Motors was started by a group of Silicon Valley entrepreneurs and strives to create a revolution and accelerate the world’s transition to electric mobility with a full range of increasingly affordable electric cars.

After 7 years in business, Tesla officially went public in June 2010. Today, the firm has a market cap of $34.32 billion. Tesla Motors’ goal is to increase the number and variety of EVs through three strategies. The first is to sell its own branded vehicle through its showrooms. Second is to sell premium, high-quality, patented electric components to other automakers. And third, it serves as a “catalyst and positive example to other automakers.” Already, Elon Musk's vision has prompted movement in the EV market, with the GM Volt being rumoured to have been inspired by Tesla's now-famous Roadster.

Outside of the chief manufacturing work, Tesla, as of 2019, now offer auto insurance in the State of California. Developed in collaboration with Markel, the aim is to provide Tesla owners with up to a 30% discount on their insurance.

In September 2021, Elon Musk state "“Tesla is hoping to offer real-time (based on actual driving history) insurance in Texas next month." The company plans to eventually roll out the insurance offering world-wide.