By Brian Dean

Tesla was incorporated as an electric vehicle manufacturer in July 2003.

Initially, the company faced significant difficulties when it came to developing technology, producing prototypes, and scaling manufacturing. Elon Musk joined the company as chairman in 2004. Early on, he stated that Tesla had just a 10% chance of success.

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Despite the major hurdles encountered, the company produced its one millionth car in March 2020.

Today, Tesla delivers more than 180,000 vehicles each quarter, with plans to ramp up production significantly in the future.

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