Origins and the Roadster
Tesla Motors was formed to develop an electric sports car. Eberhard was Tesla’s chief executive officer (CEO) and Tarpenning its chief financial officer (CFO). Funding for the company was obtained from a variety of sources, most notably PayPal cofounder Elon Musk, who contributed more than $30 million to the new venture and served as chair of the company beginning in 2004.
In 2008 Tesla Motors released its first car, the completely electric Roadster. In company tests, it achieved 245 miles (394 km) on a single charge, a range unprecedented for a production electric car. Additional tests showed that its performance was comparable to that of many gasoline-powered sports cars:
- Acceleration from 0 to 60 miles (96 km) per hour in less than four seconds
- Top speed of 125 miles (200 km) per hour
- Efficiency ratings equivalent to a gasoline mileage of 135 miles per gallon (57 km per liter)
Beginning in 2012, Tesla built stations called Superchargers in the United States and Europe designed for charging batteries quickly and at no extra cost to Tesla owners.
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