Tesla Origins in the Industry

Tesla, Inc. was founded in 2003 by CEO Elon Musk and is based out of Palo Alto, California. The company’s main goal is to “create the most compelling car company of the 21st century by driving the world’s transition to electric vehicles.” Tesla is invested in other products besides electric cars including lithium-ion batteries and they own a subsidiary called SolarCity that works on residential solar panels. Tesla like many companies, started with private investing from the likes of Martin Eberhard, Marc Tarpenning, and Elon Musk. The reason why Tesla was created to even begin with was when back in 2003 GM forcibly recalled and crushed their electric car the EV1.