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Tesla Motors is a firm based in Silicon Valley which designs, manufactures and sells electric vehicles (EVs) and electric vehicle powertrain pieces. At present, it is the sole automaker building and selling a zero-emission sports car in serial production. The firm is also engaged in engineering and production development of a zero-emission premium sedan, the Model S, manufactured in Fremont, California and likewise sells its electric powertrain components to other automakers, such as Daimler and Toyota (GreenCarMagazine.com, 2009). Its corporate governance is mainly comprised of a Board of Directors who establishes high standards for the Company's workers, officers and directors. Inherent in this thinking is the significance of sensible and prudent corporate governance. It is the responsibility of the Board of Directors to serve as a judicious fiduciary for stockholders and to supervise the administration of the Company's ventures. Guidelines are set in place and are subject to alteration from time to time as the Board of Directors considers suitable and is in the best interests of the company or as necessitated by pertinent bylaws and directives (Tesla, 2011).
Tesla Motors was named after the electrical engineer and physicist Nikola Tesla. Tesla Roadster, the firm's very first vehicle, is the first production automobile to utilize lithium-ion battery cells and the first production EV with a range greater than 200Â miles (320 km) per charge (Tesla, 2011). It utilizes an AC motor derived directly from Tesla's original 1882 design which was a product, according to Tesla himself, of an intense delirium fits due to fatigue when he was at work as an engineer and inventor in Austria-Hungary. The base model accelerates from 0-60 mph in 3.9 seconds and is twice as energy-efficient as the Toyota Prius according to environmental analysis (Tesla, 2011). As of January 2011, Tesla had delivered more than 1,500 Roadsters in at least thirty nations. Tesla started manufacturing right-hand-drive Roadsters in early 2010 for the UK and Ireland markets, and then multiplied sales to right-hand-drive markets of Australia, Japan, Hong Kong and Singapore.
The auto company is at present developing the Model S, an all-electric family sedan. Tesla unveiled and introduced the car to the public last March 26, 2009 with a base price of US$57,400 (or US$49,900 after a US federal tax credit). The Model S will have three battery pack options for a range of up to 300Â miles (480 km) per charge. Tesla plans to manufacture the 2012 Model S in Fremont, California in an assembly plant formerly operated by NUMMI, a now non-operational joint undertaking of General Motors and Toyota (Ricketts, 2010). Tesla purchased a stake in the site in May 2010 for US$42 million and opened the facility in October 2010 as a Tesla factory. As of January 2011, Tesla has taken about 3,500 reservations for the Model S and expects to start delivering cars to customers in 2012 (Ridell, 2010). Michaels (2010) adds that Tesla currently engages more than 500 people and is on massive recruitment for employees for positions in its headquarters in Palo Alto, California and for its European headquarters in Maidenhead, UK, likewise for the firm's rising number of sales facilities all throughout North America and Europe.
United Services Organization
The United Service Organizations Inc. (USO) is a cloistered, non-profit group that affords optimism and recreational services to members of the U.S. military, with programs in 140 centers all over the world. Since its beginnings in 1941, it has worked in alliance with the Department of Defense (DOD) and has offered sustenance and amusement to U.S. armed forces, with operations heavily dependent on private contributions and on funds, goods, and services from DOD. Like Tesla Motors, the USO has a board committee consisting of affluent, notable figures who look after the well being of the organization. This board also makes decisions based on budgeting and appoints a CEO and President to act on their behalf. Fundamentally, the organization was established in 1941 in reaction to an appeal from President Franklin D. Roosevelt to provide morale and recreation services to U.S. uniformed military personnel. The first national campaign chairman was Thomas Dewey, who raised $16 million in the first year. The USO was incorporated in New York February 4, with the first facility erected in DeRidder, Louisiana. The USO clubs was a place to go for dances and social events, for movies and music, for a quiet place to talk or write a letter home, or for a free cup of coffee and an egg (USO.org).
USO centers all over the world recruited female volunteers to serve doughnuts, dance, and just talk with the troops, making way for them to become nationalists as well as professionals. These women clambered to gather the community around the soldiers and produce programs for them. One soldier remembers an incident in 1943, when he met Donna Reed at a U.S.O. canteen and asked her to dance. "I had never danced with a celebrity before, so I felt delighted, privileged even, to meet her. . . . But I really felt she was like a girl from back home." (Rohter, 2009).
By 1946, hostesses had attended to more than two thousand soldiers daily while also affording different facilities for the injured and the recuperating who were on leave. Solicitation of funding became known as a crucial source needed in order to secure patronage funding for their USO group and later to respond to the needs of soldiers during the Korean War. Today the USO relies heavily on donations and sponsorships from private entities as well as major corporations.
While congressionally chartered, the USO is not a government agency. During World War II, the USO became known to military personnel as a "home away from home" and started a tradition of entertainment specials that continues till today. Participation and immersion in the USO was one of several ways in which the country had come together to support the war effort, with nearly 1.5 million Americans who have undertaken their services in some way. After it was disbanded in 1947, the USO was resuscitated in 1950 for the Korean War, after which it also provided peacetime services. And even during the Vietnam War, USO's were occasionally situated in conflict areas (USO.org, 2011).
The organization became predominantly well-known for its live presentations titled Camp Shows, through which the entertainment industry became a morale booster for its servicemen and women. Hollywood in general was eager to demonstrate its nationalism and numerous big names joined the ranks of USO performers. They performed in military bases at home and overseas, often placing their own lives at stake by traveling or performing under perilous situations.. In 2008, Sloan Gibson became the 22nd President and CEO, and was serving 7.7 million visitors yearly. Today, the USO has over 160 locations around the world in 11 nations and 23 states serving up a population of roughly 8 million visitors.
One of Tesla's pronounced objective is to increase the number and variety of EVs available to mainstream consumers by selling its own vehicles and online. USO's objective to serve military troops until everyone comes home.
Tesla serves as a catalyst and a positive example to other automakers and demonstrate that there is pent-up consumer demand for vehicles that are both high-performance and efficient; Like Tesla, the USP also notices a consumer demand for boosting morale and welfare.
Tesla founder and CEO Musk is 2010 Automotive Executive of the Year Innovator Award for accelerating the development of electric vehicles throughout the global automotive industry. USO's Sloan Gibson has extraordinarily increased revenue making this nonprofit organization highly desireable.
The Tesla Roadster has a base price of US$109,000, â‚¬84,000 or GB£86,950 with the primary goal of selling EVs to mainstream consumers at more reasonable prices, however, Tesla deliberately intended its first production vehicle at "early adopters" so that the firm could heighten the technology before dropping down to less expensive vehicle and is expected to launch a US$30,000 vehicle, codenamed BlueStar;
In 2009, Tesla was granted a US$465 million in interest-bearing loans from the United States Department of Energy. Such financing, a portion of a US$8 billion program for advanced vehicle technologies, backs up the engineering and production of the Model S sedan, as well as the development of powertrain technology. USO continues to rely heavily on support from donations.
Tesla Motors Fact Sheet (Hoovers.com, 2011)
Tesla Motors, Inc.
3500 Deer Creek,
Palo Alto, Ca 94304
Tesla Motors intends to spark the public's passion and eco-conscience for electric vehicles. Founded in 2003, the company designs, manufactures, and markets stylish, performance electric cars, and powertrain components. Tesla Roadster is its flagship model, which the company continues to upgrade. The Roadster's operating specs include zero to 60 in less than four seconds and a top speed of 125 mph. The fuel-efficient fully electric vehicle recharges its lithium-ion batteries from an outlet, and, depending on a driver's speed, is capable of 245 miles per charge. Roadsters are based on Lotus' Elise model; their UK assembly is shifting to a California facility. In mid-2010, Tesla became a publically held company.
Company Type: Public
Chairman, CEO, and Product Architect: Musk, Elon
CFO: Deepak, Ahuja
CTO: Straubel, Jeffrey
Fiscal Year End: December 2009 sales $111.9M
A year sales growth: 659.3%
2009 Net income: $55.7M
2009 Employees: 514
1 year employee growth: 0%
USO Fact Sheet (uso.org, 2011)
United Services Organization World Headquarters
Washington Navy Yard Building 220
1008 Eberle Place, S.E. Suite 301
Washington, D.C. 20374
Company Type: Private, Non profit
Chairman, CEO, and Product Architect: Gibson, Sloan
NAIC: 813410 Civic and Social Organizations
Employees: up to 500
2009 Revenue: $253,311,123.00
2009 Program expense: $215,301,415.00
The USO mission is to provide morale, welfare and recreation-type services to uniformed military personnel. The original intent of Congress for the USO was to represent the American people by extending a "Touch of Home" to their military members. Thus, although some USO programs/services are similar to those provided by other agencies, the hallmark of the USO has been and will continue to be how, as much as what, services are provided.
The USO is chartered by the Congress as a non-profit charitable corporation and is not a part of the United States Government. It receives no direct government funding, but is endorsed by the President of the United States and the Secretary of Defense. Each President has been the Honorary Chairman of the USO since its inception.
Unconventional automaker Tesla partners with USO
HAWTHORNE, Calif.--(BUSINESS WIRE). A rare combination indeed, but the improbable has happened. Tesla Motors, a firm based in Silicon Valley allies with the United Service Organization, a known war entertainer for decades. The team-up of these two world's-apart businesses is a welcome addition to the few extraordinary alliances in the business world.
Tesla is the only production automaker already selling highway-capable EVs in North America or Europe. With 0-60 mph in 3.9 seconds, the Roadster outperforms almost all sports cars in its class yet is six times as energy efficient as gas guzzlers and delivers 244 miles per charge. Tesla has delivered nearly 300 Roadsters, and nearly 1,000 more customers are on the wait list. Tesla Motors is a shining example of American innovation, combining Silicon Valley creativity and cunning with world-class automotive talent.
This USO/Tesla Motors joint venture will bring together an assemblage of resources, including websites, hand-outs, a wallet cards, DVDs and an online instruction component/module that will provide USO staff and volunteers with information on the best conceivable techniques to support soldiers, marines, sailors, airmen, coast guardsmen and their spouses during a prospective time of need with the aid of Tesla Motor vehicles.
As part of the program, USO staff and undertakers are afforded information, direction and supervision on recognizing signs and indicators of distribution and warfare stress, categorizing substance misuse and abuse, military-family parenting resources, handling stress and the sensitive phase of deployment. The organization believes that combat stress and multiple deployments usually result to post-traumatic stress and other behavioral health issues therefore making it exceptionally vital to suggest ways to back up the men and women who wear the country's uniform and defend American freedoms. The USO-Tesla alliance will be a genuinely explosive team worth watching.