Eberhard said that he wanted to build The company was incorp

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Eberhard said that he wanted to build
The company was incorporated as Tesla Motors, Inc. on July 1, 2003, by Martin Eberhard and Marc Tarpenning.They served as chief executive officer and chief financial officer, respectively. Eberhard said that he wanted to build "a car manufacturer that is also a technology company", with its core technologies as "the battery, the computer software, and the proprietary motor".
Ian Wright joined Eberhard and Tarpenning a few months later.[8] In February 2004, the company raised US$7.5 million (equivalent to $12.5 million in 2024) in series A funding, including $6.5 million (equivalent to $10.8 million in 2024) from Elon Musk, who had received $100 million from the sale of his interest in PayPal two years earlier. Musk became the chairman of the board of directors and the largest shareholder of Tesla.[12][13][10] J. B. Straubel joined Tesla in May 2004 as chief technical officer.
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