Tesla Motors was found by Martin Eberhard and Marc Tarpenning in the year 2003. In 2004, Elon Musk came into this company and supported it with much of its initial capital. Roadster was the first electric car launched by the company (Reed, 2020). Presently, the company is valued at 25 billion USD. The motto of the company was to provide effective electric cars to the masses. The initial phase of Tesla concentrated upon releasing sports cars followed by sedans and ultimately a cheaper sedan to be sold to the masses. In the first phase