Answer to Question #313875 in Microeconomics for Xuan

Question

explain the background of the two companies

Answer 1

Tesla Motors was founded with the goal of creating an electric sports automobile. Tesla's chief executive officer (CEO) was Eberhard, and its chief financial officer was Tarpenning (CFO). The company received funding from a variety of sources, including PayPal cofounder Elon Musk, who invested more than $30 million in the new endeavor and served as chairman of the board of directors starting in 2004.

Tata Motors Ltd (TML) is a manufacturer and distributor of automobiles. The company manufactures passenger cars, commercial vehicles, trucks, buses and defense vehicles. We also provide engineering services and automotive solutions, construction machinery manufacturing, vehicle parts manufacturing and supply chain activities through our subsidiaries. Tata Motors manufactures machine tool and factory automation solutions, precision tools, plastics and electronic components for automotive and computer applications. The company also manufactures engines for industry and transportation.