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Tesla was incorporated (as Tesla Motors) on July 1, 2003, by Martin Eberhard and Marc Tarpenning in San Carlos, California. [2] [3] [4] The founders were influenced to start the company after General Motors recalled all its EV1 electric cars in 2003 and then destroyed them, [5] and seeing the higher fuel efficiency of battery-electric cars as an opportunity to break the usual correlation ...
The two co-founders funded the company until early 2004, when Elon Musk led the company's $6.5 million Series A financing round in February 2004 and became the chairman of the board. [10] Tarpenning continued to serve as the chief financial officer (CFO) and the Vice President of Electrical Engineering in Tesla until 2008.
The Tesla Roadster is a battery electric sportscar with 244 miles (393 km) (EPA) range. On November 30, 2007, Tesla released a press release titled "Martin Eberhard, Co-founder of Tesla Motors, to Transition to Advisory Board." [15] Fortune magazine reported in December 2007 that chairman Elon Musk had asked Eberhard to leave.
Tesla, Inc. (/ ˈ t ɛ s l ə / ⓘ TESS-lə or / ˈ t ɛ z l ə / TEZ-lə [a]) is an American multinational automotive and clean energy company. Headquartered in Austin, Texas, it designs, manufactures and sells battery electric vehicles (BEVs), stationary battery energy storage devices from home to grid-scale, solar panels and solar shingles, and related products and services.
Elon Reeve Musk (/ ˈ iː l ɒ n / EE-lon; born June 28, 1971) is a businessman known for his key roles in Tesla, Inc., SpaceX, and Twitter (which he rebranded as X).Since 2025, he has been a senior advisor to United States president Donald Trump and de facto head of the Department of Government Efficiency (DOGE).
The Tesla Roadster is a battery electric sports car, that is based on the Lotus Elise chassis, and was produced by Tesla Motors (now Tesla, Inc.) from 2008 to 2012.The Roadster was the first highway legal, serial production, all-electric car to use lithium-ion battery cells, and the first production all-electric car to travel more than 244 miles (393 km) per charge. [7]
At Tesla, Straubel led battery cell design, supply chain and led the first Gigafactory concept through the production ramp of the Model 3. He had a direct role in research and development , team building, and operational expansion from prototype cars through to mass production and expanding battery production to gigawatt-hour scale.
Tesla released a video of Cybertruck pulling a rear-wheel-drive Ford F-150 uphill in a tug of war. [21] News outlets pointed out this was due to the Cybertruck's heavier weight. [22] [23] Tesla's stated goal was to provide a sustainable energy substitute for the roughly 6,500 fossil-fuel-powered pickup-trucks sold per day in the United States. [24]