Tesla future, the company has offered utilities

Tesla was originally founded by a group of engineers in 2003 who wanted to show people that electric vehicles can be far more superior in comparison to your standardized gas vehicle. The following people are the founders of the company: Martin Eberhard, Marc Tarpenning, Ian Wright, JB Straubel, and most importantly the CEO, chairman of the company, Elon Musk. The company was originally founded in Delaware, but due to the production and headquarters being in the heart of Silicon Valley, it has been Bay Area certified and well known by many to be locally grown and produce in the Bay. However the company has been serving the lobel and has revenued nearly $7 Billion as of late 2016 and employs nearly 33,000 personal (2017). Paying homage to the late Nikola Tesla, the found of alternating current (AC), the company has been able to produce the one of the most high end fleet of electric vehicles the automotive market has seen to date. From 2008 when Elon Musk introduced the Model S to the world, to the latest edition to the family, the Model 3, Tesla has not failed to live up to the hype. Over a course of nearly two decades not only has Tesla been keeping its promise to produce clean sustainable energy for the near future, the company has offered utilities that people can use. Ranging from solar panels, solar roofs, and power walls, the company has been able to create microgrids for the smaller islands of Hawaii.             Pushing for an innovative future where the company’s pushing for a zero-emission future, the company is on the right track. However due to the company being in nearly $10 Billion in debt, the company has been aggressively implementing their funds into research and development, hoping for a huge return in the near future. If the company is looking to make a turn around especially in the economy where gas prices are threatening to go up, Tesla Motors is finally having their way into the front runners for a better future. Elon Musk announced that the 5000 production target of producing the Model 3 won’t occur til the first quarter of the year. However that target has been pushed again now to June 30, which is ideally at the end of the second quarter.At the end of 2017, Tesla only delivered 1,550s of Model 3s out of the 29,870 vehicles that have been produced. Elon Musk stated that last July was production hell for the workers and investors since it was in the prime phase of producing so many vehicles to the market. Although since the Tesla Model 3 was unveiled in 2016, the company has yet to live up to it’s word that they’ll be producing much faster in 2017. Hopefully by 2018, Musk and his multi-billion dollar company can produce 5000 units in late March, but it won’t be happening anytime soon. Roughly only 2500 units have been produced per week since the beginning of January 2018. Nearly half a million cars can be produced by the end of 2018? Seems unlikely. Tesla ended the third quarter of $3.5 billion in cash, $540 million in restricted cash. Debt? Just a mere $10 billion dollars. The production of the Model 3 has been slow as a snail and the production of those units won’t be increasing anytime soon, maybe not until the end of the second quarter of 2018. This raises the question if the company is forced to raise more cash from it’s shareholders. However since the disappointing news that the production of the Tesla 3 won’t be up to speed, shares went down from $310.54 on January 8, but have risen back up 337.95 (January 11).