Martin Eberhard is an American engineer and entrepreneur who co-founded Tesla Motors in 2003. He served as Tesla's first CEO until 2007. Eberhard has an engineering background, earning degrees from the University of Illinois. Prior to Tesla, he founded startups that developed computer terminals and one of the first e-book readers. At Tesla, Eberhard helped launch the company's first electric vehicle, the Tesla Roadster. In 2007, he transitioned from Tesla's board and became an advisor, then confirmed he was no longer employed at Tesla in 2008.

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THOUGHT OF THE DAY
THOUGHT OF THE DAY
"Originality will always catch the attention of a good critic
whether you're striving for success or living proof of success.
Be yourself! Stay Original!"
Law Updates:
 TPO can only do TP analysis, it can't decide whether any benefit
accrued on services rendered by AE: Delhi Tribunal.
 Appellant can't challenge order of CCI when writ petition is
pending on similar issue: CAT.
 If assessee was running two colleges, annual receipt of each college
would be considered for sec. 10(23C) relief: Bangalore Tribunal.
 Working capital adjustment is always in respect of comparable
instead of tested party, says Delhi ITAT.
PROFESSIONALS INPUTS
 RBI vide Notification No. RBI/2016-17/155 dated 24th
November
2016 has decided that no over the counter exchange (in cash) of
SBNs will be permitted after midnight of November 24, 2016.
 RBI vide Notification No. RBI/2016-17/1513 dated 24th
November
2016 has said that Banks may deposit SBNs directly with the offices
of RBI under whose jurisdiction they are located. These SBNs will
remain, in the vaults of RBI, under the lock and key of the
depositing banks till taken up for examination.
 CBEC vide Notification No. 03/2016 Cus.(SG) dated 23rd
November
2016 has Seeks to levy safeguard duty on Hot Rolled flat sheets and
plates (excluding hot rolled flat products in coil form) of alloy or
non-alloy steel having nominal thickness less than or equal to
150mm and nominal width of greater than or equal to 600mm.
MARKET WATCH:
SENSEX: 25,860.17 -191.64 NIFTY: 7,965.50 -67.80
SILVER: 40,413.00 -418.00 GOLD (MCX): 29,013.00 -378.00
USD/INR: 68.81 0.02 CRUDE OIL: 3,284.00 7.00
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Date: 25th
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Martin Eberhard
C0-Founder – Tesla Motors
Martin Eberhard (born 1960) is an American engineer and business executive.
He co-founded Tesla Motors in 2003, serving as CEO until 2007. Eberhard was
ranked among the top 24 innovators of 2007 by Fortune Magazine. Also in
2007, Business 2.0 Magazine ranked Eberhard number 32 of the 50 people who
matter now.
Early life and Education
Eberhard was born in Berkeley, California on May 15, 1960. He grew up in Kensington, California, attending
Kensington Hilltop Elementary School there. He attended junior high school and high school in adjacent El
Cerrito until the middle of 11th grade, when his family moved to Elmhurst, Illinois. He graduated from York
Community High School in 1978.
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.
Entrepreneurial Career
Eberhard began his career as an electrical engineer at Wyse Technology, where he designed the WY-
30 ASCII computer terminal as his first product. Later, Eberhard co-founded and founded start-up
companies Network Computing Devices, Inc. (making X Window-based network terminals)
and NuvoMedia that created one of the first e-book readers, the Rocket eBook.
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 Silicon Valley's first automobile
company. In 2003 Eberhard co-founded (with Marc Tarpenning) and became the first CEO of Tesla Motors, an
electric car company in San Carlos, California. Eberhard drives the second of Tesla Motors Founder's Series
Roadsters cars, which is the first series of the Tesla Roadster. The Tesla Roadster is a battery electric
sportscar with 244 miles (393 km) (EPA) range.
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, 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 January 7, 2008 Eberhard 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.
Eberhard maintained a blog at teslafounders.com until a lawsuit with Tesla Motors was settled. The blog has
since been deleted.
On January 14, 2010 it was rumored that Eberhard was working for VW of America. On January 19, Martin
Eberhard confirmed to Autoblog Green that he was doing work with Volkswagen, but no further details have
been provided