Tesla Sells 1,000,000 Electric Cars and Officially Opens in The Czech Republic.
When Elon Musk first announced his entry into the automotive space, many people shrugged. Why would the tech billionaire want to get involved with a car company? Founded in July 2003 by engineers Martin Eberhard and Marc Tarpenning, the venture, named as a tribute to famed inventor and electrical engineer Nikola Tesla, was started with seed money from Musk. In fact, up to 98% of the initial funding came from Musk who then served as Chairman of the Board with Eberhard serving as CEO. One year later, Musk joined the company along with two other investors who retroactively named themselves company founders and Musk took over the role of CEO. Musk told the media at that time that he viewedRead more.