Since the introduction of the Tesla Roadster in 2008, fans of performance and green technology alike have flocked to Tesla Motors’ electric cars. Here a few things you may not know about the pricey, innovative rides.
1. ELON MUSK IS NOT AN ORIGINAL TESLA FOUNDER.
Although Musk has become synonymous with Tesla Motors as the company’s CEO and product architect, the venture existed before he got involved. Founders Martin Eberhard and Marc Tarpenning started Tesla in 2003 in an attempt to “solve a real problem”: dependence on oil. The pair decided to build what Gigaom called a “beautiful, but expensive ‘aspirational’ vehicle” to improve green cars’ image and ease them into the mainstream. The Tesla team spent three years developing the product and seeking new capital. That quest for a cash infusion kicked into overdrive in 2004 when Tesla hit its first major milestone: a driveable Tesla.
2. BUT HE HAS BEEN WITH THE COMPANY SINCE 2004.
That’s where Musk came in. He led the company’s first investment round in 2004 and chaired the company’s board of directors. He also was the controlling investor, personally funding the majority of Series A capital investment with $7.5 million. As Musk became the face of the increasingly popular Tesla, his relationship with Eberhard soured and eventually sparked a legal battle that was settled out of court.