CASEAUTHOR’STEACHINGNOTE–NotAvailableX
STUDENTSTRATEGICAUDITI
CurrentSituationA
CurrentPerformanceFoundedbyMartinEberhardandMarcTarpenningin2003,TeslawentpublicinJune2010withIPOat$17ashare,raised$226
1millioninitsfirststockdebut
SinceElonMusktookoverastheCEO,Teslahasbeenoneofthemostinnovativeautomotiveproducersintheworld,earningrecognitionthroughtheGlobalSustainabilityInnovationAwardin2009.TeslapurchasedformerNUMMIfactoryinFremont,California,themostadvancedandcleanestautomotiveproductionplantintheworld
BothDaimlerandToyotahavealsoinvested$50millioneachtoformstrategicalliances
Teslawillprovideelectricvehicle(EV)expertisefortheircardevelopment,whileToyotaandDaimlerwillprovideopportunitiesforTeslatodiversifyitsrevenuestreams,network,andaccesstoextensivesupplychains
Toyotaalsohasformedapar