Tesla was founded in 2003 by Elon Musk, Martin Eberhard, and Marc Tarpenning. It began production of its first vehicle, the Roadster, in 2008 and sold over 2,000 units. In 2010, Tesla bought a former GM factory in Fremont, CA. Electric vehicle sales increased 228% from 2011 to 2012. Tesla led the nascent electric vehicle market in the US. Its Model S was released in 2012 to critical acclaim, with specs of a sports car but fully electric. Tesla plans to release an affordable mini-SUV, the Model X, where it expects to start making profits.