Research: Tesla Impact Report 2019

Tesla is a company that has become pivotal to the development and innovation of sustainable forms of transportation, and its success is showing- Tesla currently owns more than half of the US EV market. https://electrek.co/2020/02/04/tesla-electric-car-sales-us-market-share/

Some facts scattered throughout the report:

  • Tesla delivered 367,000 EVs globally in 2019
  • The average internal combustion-powered vehicle expels 69 tons of CO2 into the atmosphere throughout its life cycle (average, mid-sized sedan)
  • Renewable energy soures are being utilized for new electricity generation sources in regions across the U.S.- of new electricity sources, renewables account for about 43%
  • Tesla cars are equipped with a battery that can last longer than the car itself, capable of travelling 1,000,000 miles- this dramatically reduces the number of emissions per vehicle produced
  • Lithium ion batteries- those used in EVs- are recyclable and can be taken apart to salvage valuable components; these can be used again
  • In 2019 Tesla’s factories recieved 1,000 tons of nickel, 320 tons of copper and 110 tons of cobalt for recycling

Tesla’s share price is currently $1,025.05 (6/10/2020). The stock has had an incredibly volatile history, often shocking investors and observers, but is currently seeing a steady rise in value. The surging of Tesla’s price to over $1,000 per share signals a valuation of $190 billion. This implies that Tesla will be able to pursue their larger, more long-term goals. https://arstechnica.com/cars/2020/06/tesla-stock-soars-above-1000-as-musk-vows-to-go-all-out-for-semi/

Tesla lists one of their goals to be combining solar power and increased battery storage at many more of their supercharging stations in the near future. Their primary, overarching goal is to develop “the best cars, period”… not just the best EVs. The biggest challenge to having more customers adopt a Tesla to thier household is the whopping $40,000 price tag, as opposed to most other EVs on the market which are around $10,000.

The range of the Model S has increased by almost 50% from 2012 to 2019; 265 e-miles to 391. Generally, the biggest roadblocks to making EVs more mainstream are the high prices of lithium ion batteries, and the reputation of a short driving distance.

“Surveys consistently indicate that the real or percieved lack of EV range is the key reason why many people do not consider replacing their ICE with an EV.”

2019 Tesla Impact Report, page 22

Tesla models have received 5 start ratings in every safety category.

Link to PDF of report: https://www.tesla.com/ns_videos/2019-tesla-impact-report.pdf