Eberhard is passionate about sportscars but has moral disagreements regarding dependence on oil imported from the Middle East and is also concerned about global warming. This led to his co-founding Silicon Valley's first automobile company with Marc Tarpenning.
Eberhard has placed a 100% deposit to reserve the second car in the Tesla Motors Founder's Series, which is the first series of the Tesla Roadster. This series is reserved for the two founders and the investors in Tesla Motors. The Tesla Roadster is a battery electric sportscar with 220 mile range.
Eberhard received his undergraduate degree in Computer Engineering in 1982, from the University of Illinois at Urbana-Champaign. He subsequently earned his Masters Degree in Electrical Engineering in 1983 from the same school.
On January 7, 2008, the New York times reported that Tesla Motors issued a statement on its web site explaining that the Silicon Valley electric-car start-up’s founder and former chief executive, Martin Eberhard, “has transitioned from the board of directors and executive management of the company to the advisory board.”
On November 30, 2007 Tesla Motors released a press release titled "Martin Eberhard, Co-founder of Tesla Motors, to Transition to Advisory Board." According to the Tesla Motors Club forum and CNN Money Martin was asked to leave, but the reason for his being asked is not publicly available.
On January 7 2008 Martin confirmed that he was no longer employed in Tesla Motors and was only a shareholder in the company. He said he planned to start another company entirely in the green tech field.
Martin continues his blog postings at http://www.teslafounders.com.
"We’re not just juggling a lot of balls. We’re juggling knives and chainsaws and burning things. We have to catch every one of them, and we have to catch them by their handles.
"Because a car crash is fundamentally different than a software crash"
"Without plug-in capability, a hybrid is just a gasoline-powered car with some fancy hardware"