The Engineer

(Grace) #1

Timeline 350


Technology Vehicles Manufacturing (ATVM)
program

2009


  • March. Tesla unveiled two Model S pro-
    totypes at the Los Angeles headquarters
    of Tesla CEO Elon Musk’s other startup,
    SpaceX. Tesla had decided to build a
    design studio at the factory. Tesla be-
    gan taking reservations for the Model S.
    More than 500 people reserved the car in
    the first week

  • June. Tesla got approval for $465 million
    in low-interest loans from the Depart-
    ment of Energy


2010


  • January. Tesla registered for an initial
    public offering of stock

  • May. Tesla bought NUMMI - a former
    Toyota and General Motors factory in
    Fremont, California, for $42 million. Toy-
    ota Motors and Tesla announced they
    will cooperate on electric vehicle devel-
    opment. Toyota purchased Tesla shares
    June. 800 employees. Tesla shares began
    trading on the Nasdaq Stock Exchange
    and gained 40.5 percent

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