Henry Ford family sole ownership of the company. By the mid-1920s, sales of the Model T began to decline due to rising competition. Other auto makers offered payment plans through which consumers could buy their cars, which usually included more modern mechanical features and styling not available with the Model T. Despite urgings from Edsel, Henry refused to incorporate new features into the Model T or to form a customer credit plan. By 1926, flagging sales of the Model T finally convinced Ford to make a new model. He pursued the project with a great deal of technical expertise in design of
Tesla Model S Tesla Model S was the top selling plug-in electric car worldwide in 2015 and 2016, and by the end of 2017 continued to rank as the second most-sold electric car in history after the Nissan Leaf. The Model S was styled by Franz von Holzhausen, who previously worked for Mazda North American Operations. The car was codenamed" WhiteStar" during research and preliminary development. It was officially announced in a press release on June 30, 2008. The prototype vehicle was displayed at a press conference on March 26, 2009. Exclusive premier of their Model S electric car was held at their