Tesla Beats Illumina Inc By Being Declared As the Smartest Company

The firm is showing massive signs of growth for near future which has made analysts quite positive.

Recently, a list of 50 smartest companies in the auto industry was released in which Tesla Motors managed to successfully secure the first position, beating out the previous winner in the race, Illumina Inc, which is a biotech firm working in the United States. The auto making giant, on the other hand, has been declared as the most innovative firm in the industry to be working on new technology ideas and bringing out the best out of it. In the report that was published, it was stated that the electric car makers have been making it big with their smart cars and have become one of the most competitive companies in the auto industry.

Tesla business is also being planned by the owners to expand more as it has become common news that the hybrid car makers are working on a new business in the battery business where it has settled to establish a new battery making plant that will solely work towards the product of lithium batteries. This step of the firm was initially taken with mixed opinions from analysts but over the passage of time, this has received quite a positive response from not only the analysts but also the investors.

Tesla was seen to reply to the success that it received in its future plans and how it plans to carry them out. The firm’s management informed the press that the actual plan is to bring about such a change in the society where people use electric smart cars on a mass level and get rid of cars that not only consume oil and gas but which also emit harmful chemicals by burning that gas. Taking into consideration the fact that customers start using hybrid cars only that are run by electric batteries chargeable by solar energy, many positives can be expected in the future.

Therefore, Tesla currently plans on focusing on expanding its business out to more and more people. Presently, the cars being produced by the firm are declared as luxury cars because of the price tag they carry but over the period of time, the company has decided to launch cars that carry a mediocre price which is reachable for people of almost all classes. Furthermore, the fact that the batteries in these cars will be chargeable by solar energy gives the customers more to think about and consider buying an electric car for them.

Only in the last quarter that the firm went through, the reported sales exceeded the expectations of the analysts by a mile, making the rivals in the industry believe that the auto giant is here to stay.