Tesla was founded in July 2003 by two engineers Martin Eberhard and Marc Tarpenning, under the name of Tesla Motors. The company was named after the famous engineer called Nikola Tesla who made dozens of breakthroughs in the production of electric power. Currently they have a current revenue of 21bn USD and have sold over half a million electric cars by the end of 2018 and by the end of 2019 it rose to approximately 720,000.