Tesla, Inc. is an American company that deals with the manufacturing of electric automobiles, home power storage, solar panels, and batteries for cars. It is formerly known as Tesla motors. In 2003, Marc Tarpenning and Martin Eberhard found the company and named it after “Nikola Tesla who was a Serbian American inventor” (Tesla, Inc. | History, Cars, Elon Musk, & Facts, 2021). The purpose for forming tesla was to develop an electric sports car. At the time, Eberhard was the chief executive officer and Tarpening was the chief financial officer. The company had to come up with a way of funding which was obtained from various sources. Elon Musk contributed not less than 30 million dollars to the company which was just established. Elon Musk then served as the chairman of the company from the beginning of 2004. Tesla Inc.

Tesla Motors released their first ever electric car known as Roadster. The roadster was a huge success for the company since it achieved 394 km on a single charge which was unexpected range for production of an electric car. After further testing the car, it indicated that its performance was the same with that of gasoline-powered sports car (Tesla, Inc. | History, Cars, Elon Musk, & Facts, 2021). The roadster was able to accelerate from o to 96 kilometers per hour in less than four seconds. The car body which was of lightweight was made from carbon fibre. The car produced emissions of tailpipe since it did not use internal combustion engine. The roadster was luxury and it costs $109,000.

In 2008, Musk took over as the new chief executive officer of Tesla Motors. Thereafter, in 2010 the company initial public offering raised $226 million (Tesla, Inc. | History, Cars, Elon Musk, & Facts, 2021). Tesla Motors undergone vigorous development under the leadership of Elon Musk that saw the company making profits in the years that followed. Tesla Motors had 48, 016 full-time employees at December 31, 2019.

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