Tesla Foundation is a national for-profit holding company based in Los Angeles, California. It is headed by Chairman and CEO Wilhelm Cashen, a successful inventor, and entrepreneur.
The company has a diverse portfolio of subsidiaries and investments in technology industries, including, infrastructure electrification, artificial intelligence, blockchain, and EIIT finance.
But we shall not satisfy ourselves simply with improving steam and explosive engines or inventing new batteries; we have something much better to work for, a greater task to fulfill.
We have to evolve means for obtaining energy from stores which are forever inexhaustible, to perfect methods which do not imply consumption and waste of any material whatever.
The Tesla Foundation
Why: Evolve the human race Mission: Help people to create, develop and package their dream company
When in 1884 Nikola Tesla arrived in New York he brought with him a simple, powerful and actionable idea. Tesla’s “Why” (Make life easier for all mankind). Here you’ll find several domains and business’ being offered by the Tesla Foundation to purchase, investment in or partner with scientists, topic enthusiasts, entrepreneurs, teachers and everyday people with an idea.
Anyone that has a high interest in making life easier for all mankind through an invention, product or service can follow Nikola Tesla’s vision for the future. So now you can partner with Tesla and give the world and beyond technology that will touch and help mankind for thousands of years.
UAVSA was created as a link between technology, pilots-operators and clients for the development of the drone industry. The adoption of equipment technology, flight systems and payloads will add a new segment of technology and service operation to aviation.
The Tesla Foundation is focused on delivering technology to make life easier, safer and better. Delivering technology that in this case comes through the adoption of manufacturing materials technology and the installation of control and communication electronics into low cost mobile homes.
Idea & Research
We work with leading entrepreneurs, universities or partners/govt. to trigger potentially leapfrog ideas in the chosen sectors. We work deeply with them to bring validated AI research to a level where it can be prototyped.
We help prototype the research to create a product with our resources and network of EIRs (Entrepreneurs in Residence) and TIRs (Technologists in Residence). We provide capital and infra support for product design, development and distribution.
Product to market
Once the idea reaches the product market fit, we help launch it as a company along with entrepreneurs in residence, the team & strategic investors/VCs. We continue to work closely with the company post the launch as cofounders.
We help the company scale by providing capital, data sets, cutting edge AI research talent, partner network and IP access, in the growth and scale stage. This way we aim to grow a cluster of 20-25 AI companies for millions of users.
The Tesla Foundation’s department heads have a great deal of experience in the development of business, personal skills and products. Equally, the company prides itself on its ability to find government loans and grants in a timely fashion. Today’s environment has made the need for finding extra funds to maintain operations and purchase inventory have become very important. The Tesla Foundation has created a step-by-step plan to help clients strategize, organize their company and help find funding.
The Tesla Technology is a global event representing individuals and companies for achievements in Artificial Intelligence, Blockchain software and Web 3 programs.
There exist thousands of awards given out to deserving people who have achieved important thresholds in history.
The Tesla Award is presented to those few individuals based on technology that such special people and companies have conceptualized. invented, developed, and commercialized.
The Tesla Award is presented for the invention of technology in segments of human existence today and in the future of life on earth and other planets.
Beginning in 1884 when Nikola Tesla arrived in the United States of America the world was introduced to technology on a scale never witnessed in history. A time when man and machine were just beginning to cooperate as one to create products for the world on a mega scale. Nikola Tesla became one of the most prolific inventors of the time with inventions that will resonate for thousands of years. In celebration of Nikola Tesla’s incredible achievements and to bring awareness to a time from 1880 – 1900 when one man created such inventions that changed salivation forever. The Tesla Foundation will now carry on Nikola Tesla’s legacy by advancing technology globally through the development of business and other important commercial resources.
Tesla Productions launched Tesla Foundation.com in 2018 with the aim of uncovering insights for investing in Tesla Technology companies and the global tech economy. To provide a holistic view of technology investments and capital flow into the Tesla products, services and systems, in 2020 we expanded the Tesla Foundation website beyond just Tesla company Infrastructure, to include technology layers that provide access to other companies unlocking investment and startup opportunities.
Information and data is presented in the following pages that has been collected from a number of sources across many industries and categories, listing companies that have a need to be adopted by enthusiastic parties and grown to each of their own potential.
Our Mission: The Tesla Foundation exists to help and award all people in their quests of creation.
What we do: The Tesla Foundation works directly with entrepreneurs, inventors, scientists, business owners, teachers, students and other people to own, build and create their own Tesla or other branded business.
How we do it: The Tesla Foundation staff does the hard work making it easy to for anyone to own a Tesla brand or other brand, start a new business, grow an existing one or expand a current business to the next level.
Contact: [email protected] 310-467-1193 Los Angeles CA, 91406
The Tesla Foundation its companies and brands are not affiliated with Tesla, Inc. It is neither inferred nor implied that brands, businesses and products presented here are authorized by or in any way connected to Tesla, Inc.
Regional Managers reach out to as many locations as possible where you may find people that need funding to operate or grow their business. The Tesla Foundation is in business to help keep small business owners in business and give them answers to questions that they have.
Here are some locations where you can find people that need help running and funding their business:
Tax law definitions do not apply to much of the Payroll Protection Program (PPP), making it new ground for owners of S corporations. Here are answers to four questions of concern to many S corporation owners.
1. Spouse Owns S Corporation
Question. My wife owns 100 percent of the S corporation. She has a full-time job and does no work for the S corporation. I am the sole worker in the S corporation.
Am I treated as
In tax law, you would have to consider “attribution rules” that would make you own what your wife owns because of your marital relationship. (Yes, in tax law you both would own 100 percent.)
But the PPP guidance to date contains no such rules.
According to the latest from the SBA, you may rely on the laws, rules, and guidance available at the time of your PPP loan application. As we write, the latest guidance is from over a month ago, on June 25, 2020.
2. S Corporation Owner-Employee with No W-2
Question. I submitted my PPP loan application before the guidance disallowing independent contractor payments was published. And at the time of submission, I had not yet started paying myself a salary.
Now I have the PPP money from the bank but cannot get it forgiven through contractor payments. If I pay myself on a W-2, I lack the look-back period of 2019 payroll.
Am I out of luck? Should I go on payroll and hope for the best?
Answer. Under the rules, you are out of luck. Your loan forgiveness is based on the lower of your 2019 W-2 (zero) or your 2020 W-2.
3. S Corporation Loan Based on K-1
Question. I operate my business as an S corporation with two W-2 employees other than me (I don’t receive a W-2). I applied for the PPP loan and obtained it based on my K-1.
A few weeks later the lender told me that the money I received was not available to be forgiven. It’s just not fair. My profit is my income.
Is there any workaround for this?
Answer. No—no workaround. But in your case, likely no PPP loan forgiveness problem either.
But first, let’s think about taxes. You operate as an S corporation, and you take no salary. (That’s incorrect and likely a tax problem if the IRS audits your tax return.)
Now, let’s get to the PPP. Your lender granted you the PPP loan based on the K-1 and ignored your employees. That shows how confusing the PPP has been. But let’s ignore the right and wrong of that and get to the heart of the issue. Can you obtain forgiveness?
Yes, your S corporation’s forgiveness begins with what you pay your W-2 employees during the 24-week covered period including what you pay in health insurance and retirement on their behalf.
In addition, you may include some or all of your payments for business interest, rent, and utilities during the 24 weeks beginning with receipt of the loan.
Example. Let’s say you received a $100,000 loan. If your payroll during the 24 weeks is $63,000 and the rent and utilities total $37,000, you would qualify for 100 percent forgiveness. If you achieve this in 20 weeks, you could apply for forgiveness then.
Observation. The fact that the lender based your loan on your profits is simply a mistake by the lender. It does not affect forgiveness, which is based on your using the money for the intended PPP purposes such as payroll.
4. S Corporation with Home Office
Question. Your tax guidance for the S corporation owner is for the owner to use an expense report to submit home-office expenses to the business for reimbursement and classify the reimbursement in the tax return as an office expense.
The idea behind this guidance is to avoid the rental fiasco.
How would we classify this as mortgage interest and utilities under the PPP loan forgiveness guidelines? We have the same question for partnerships where it is claimed as an unreimbursed partner expense.
Answer. The reimbursed expense won’t work for the PPP, but here’s the solution. Choose the 24-week program and you will achieve full forgiveness with only the payroll in as little as 10.8 weeks.
If you have PPP forgiveness questions, please don’t hesitate to call me.