Tesla Motors was founded in 2003 by Martin Eberhard and Marc Tarpenning.
In 2004, Elon Musk led a round of Series A funding for the company and became Chairman of the Board. Musk took an active role in the design and development of the Tesla Roadster.
Musk also led 2 additional rounds of funding in 2006 and 2007. He eventually had put $70 million of this own money into the company.
In 2008, Musk succeeded Ze’ev Drori as CEO. Production of the Roadster began.
In 2010, the company went public.
In 2012, the company began to produce and deliver the Tesla Model S after receiving nearly 7000 preorders. The Model X is also introduced with production planned to begin in 2014.
Today, Tesla produces 100% electric vehicles.
Also in September, a video shows what appears to be a Tesla 3 autopilot car running over a dummy pedestrian. The company has been criticized for the problems its braking software appears to contain.
Tesla maintains a corporate office in Palo Alto, California.