Figuring Outย โขย 6m
Who is Deepak Ahuja? Early Background: - Born in India - Completed a ceramics degree from IIT - Studied materials engineering at Northwestern University - Studied business at Carnegie Mellon University Carrer: - Started his job at Ford as an A&D Manager - Moved to Auto Alliance as CFO in 2000 - Joined Ford South Africa as CFO in 2003 - Later headed Product Development at Ford Entry into Tesla: - Tesla was financially struggling and on the verge of bankruptcy - Deepak Ahuja joined Tesla as CFO in 2008 - Tesla had $15 million in revenue at the time - He Played a crucial role in securing a $465 million loan from the U.S. Department of Energy - Lauched Model S and purchase the Fremont factory from Toyota and GM - In 2010, he helped Tesla go public, raising $226 million - Helped Tesla secure a partnership with Panasonic for battery supply - Ensured Tesla had capital to scale the Model S and produce the Model X - Retired in 2015 when Tesla's revenue was $4 billion Return to Tesla: - In 2017, Tesla was struggling to mass-produce the Model 3 - The company was also burning cash rapidly, and investors feared another financial crisis - Deepak Ahuja returned as CFO in 2017 - Managed cash flow and helped Tesla cut costs - This helped Tesla turn profitable for the first time in Q3 2018 - Retired once again in 2019 with Teslaโs revenue was over $22 billion and 530,000 cars on the road - After his retirement announcement, Teslaโs stock dropped by 6%, and the company made losses in the next two quarters Current Role: - He is Now working as the Business Head and CFO at Zipline (the American drone startup) While Tesla wouldn't be Alive without Elon Musk and his investments at Tesla, Deepak's role at Tesla is undeniable. As a result, he was awarded as CFO of the Year by San Francisco Business Times (2014), Silicon Valley Business Journal (2010), and CFO Dive (2019) What do you think?
Founder-Hexpertify.c...ย โขย 1y
"ELON MUSK is not The FOUNDER Of Tesla" Bankruptcy to Billions #2 Tesla's Turnaround Story Tesla was founded by Martin Eberhard and Marc Tarpenning in 2003.Elon Musk joined Tesla in 2004 as chairman by investing $6.5 million of his own money, whic
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Medialย โขย 10m
When Tesla was founded in 2003, Elon Musk wasn't even an employee. By 2008, Tesla was nearly bankrupt. Then Elon took over as CEO. 15 years later, they're worth $727 Billion. Everyone should understand how Elon brought Tesla back from the dead: ๐งต
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Tesla, Inc. was founded by Martin Eberhard and Marc Tarpenning in 2003. Although Elon Musk is often closely associated with Tesla, he joined the company later in 2004 as an investor and chairman of the board. Musk played a significant role in shaping
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Foundationย โขย 1y
Winning strategies: Products and Markets are created with gaps that exist in people's mind: 1. PRODUCT DIFFERENTIATION: A Classic example - Ford vs GM. Ford manufactured Model T cars in black because it was easy to paint. When mass producer Henry F
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๐ฆ Raccoons mistake Tesla Cybertrucks for garbage cans. At night, raccoons looking for food mistakenly identify Tesla Cybertrucks as garbage cans. As a result, they scratch and even leave holes in the vehicle. The question is: Does insurance cover
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How BYD Is Killing Tesla in Its Own Game It was 2011, and in a Bloomberg interview, The interviewer asked Elon, โWhat do you think about BYD?โ. Upon hearing the name, Elon started laughing and responded, โDo you think they are our competitors? Have
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