Tesla Motors

Tesla Motors34 posts

Tesla Motors, Inc., is a California-based company that builds electric cars, batteries and powertrains. It was founded in 2003 and initially financed by Martin Eberhard and Marc Tarpenning. Elon Musk became its chairman a year later and, in 2008, its CEO. The company produces the Roadster all-electric sports car and the Model S premium sedan. It has over 50 stores in North America, Europe, Asia and Australia. The company also works closely with Panasonic in battery research and development and makes electric vehicle powertrain components for other automakers, as well as battery packs for Freightliner Trucks.

1 Jul, 2003

Founded

Founding

Martin Eberhard and Marc Tarpenning found Tesla Motors to build electric vehicles using a design based on Nikola Tesla’s AC induction motor, invented in 1888.  Eberhard says:

Here’s the cool thing: if you handed one of our motors to Nikola Tesla, he’d recognize it immediately as his own invention. Nice job of optimization, but clearly his.  That’s why we’re Tesla Motors.

Tarpenning and Eberhard will also finance the company until its preferred stock is first offered to investors in a Series A funding round.

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