Elon MuskTesla MotorsAnnouncement

Tesla Chairman

12 Feb, 2004

Elon Musk leads the Series A investment round of $7.5 million and becomes the company’s chairman.  He says:

As you know, the initial product of Tesla Motors is a high performance electric sports car called the Tesla Roadster. However, some readers may not be aware of the fact that our long term plan is to build a wide range of models, including affordably priced family cars. This is because the overarching purpose of Tesla Motors (and the reason I am funding the company) is to help expedite the move from a mine-and-burn hydrocarbon economy towards a solar electric economy, which I believe to be the primary, but not exclusive, sustainable solution.

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