Tesla Cars

Inception of Tesla Motors happened twelve years ago in the Silicon Valley. Founded by a group of engineers in 2003, Tesla is currently employing more than 12000 employees and operates a revenue of 3 billion US dollars annually. Initial roots for the company was laid by Martin Eberhard and Marc Tarpenning, who incorporated the firm in July 2003 and financed it until the Series A round of funding. Elon Musk is the third member who led the Series A round of funding in February 2004. Soon after this, he joined the company's board of directors as the chairman. The company is named after Nikola Tesla, a physicist and an electrical engineer who pioneered AC induction Motor technology more than a century ago. With an aim to commercialize electric vehicles, Tesla motors started off its journey with a sports car and moved into the mainstream segment with a sedan and a crossover model. The company's engineers have developed the first fully electric sports car using the same AC induction motor technology, which was patented in 1888 by Nikola Tesla. In the year 2008, the Tesla Roadster was launched, whose pickup rate from 0 to 100 Kmph was clocked in just 3.8 seconds. The company has sold more than 2400 units of Roadsters in more than 30 countries across the globe. Its first ever luxury sedan was the Tesla Model S, which was launched in 2012. Earlier this year, it presented a full size crossover Model X, whose design is based on the Model S sedan. Currently it is working on Model 3, which is slated to go into mass-production by 2020.