Deloitte Announces Technology Fast 500 Rankings (2012)
Deloitte announced the 2012 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
Tesla Motors, Inc. clinched the top spot with fiscal year 2011 revenue of $204.24 million and a growth rate of 279,684 percent from 2007 to 2011. Based in Palo Alto, Calif., the company designs and manufactures electric vehicles and electric vehicle power train components.
"The 2012 Deloitte Technology Fast 500 winners have demonstrated remarkable innovation and spectacular growth," said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. "Some of the most exciting and useful developments of the future are being created by the companies on this list. We congratulate Tesla and all of the winning companies on this impressive achievement."
"Tesla took great strides as a company this past year by successfully delivering Model S, the world's first premium electric sedan to customers, and executing a steep production ramp while creating more than 2,000 jobs in the U.S. We also expanded our partnerships with Toyota and Daimler in order to increase sales of electric vehicles globally," said Deepak Ahuja, chief financial officer at Tesla Motors. "We are honored to be part of a sector that continues to achieve high growth, and are committed to building the best car in the world while setting new standards for efficiency, safety, style, technology, operating cost and performance. We thank Deloitte for this recognition."