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In a tweet on August 7, 2018, Elon Musk said: "Am considering taking Tesla private at $420. Funding secured." [ 159 ] [ 160 ] On Tesla's blog Musk elaborated that Tesla's status as a public company subjects it to the quarterly earnings cycle that puts enormous pressure on the company to make decisions that may be right for a given quarter, but ...
Tesla was incorporated in July 2003 by Martin Eberhard and Marc Tarpenning as Tesla Motors. Its name is a tribute to inventor and electrical engineer Nikola Tesla. In February 2004, Elon Musk led Tesla's first funding round and became the company's chairman; in 2008, he was named chief executive officer.
Elon Musk is the wealthiest person in the world, with an estimated net worth of US$402 billion as of February 8, 2025, according to the Bloomberg Billionaires Index, [395] and $397 billion according to Forbes, [396] primarily from his ownership stakes in Tesla, Inc. and SpaceX.
In 2021, Elon Musk, Tesla CEO, claimed the title of richest man of the world, passing Amazon founder Jeff Bezos. Here is what to know about Musk.
The stock market soared in the wake of President-elect Donald Trump's Nov. 5 victory, but no individual benefited more from his defeat of Vice President Kamala Harris than Elon Musk, one of Trump's...
Though the Tesla founder hasn’t always been a billionaire, he did make a good chunk of change during the pandemic. Thanks to the Federal Reserve’s low-interest rates and big government ...
Musk before a Model X at the 2014 Tesla Inc. annual shareholder meeting. Tesla began delivery of the Roadster, an electric sports car, in 2008. With sales of about 2,500 vehicles, it was the first mass production all-electric car to use lithium-ion battery cells. [80] Tesla began delivery of its four-door Model S sedan in 2012. [81]
Elon Musk in 2022. Elon Musk is the wealthiest person in the world, with an estimated net worth of US$402 billion as of February 8, 2025, according to the Bloomberg Billionaires Index, [1] and $397 billion according to Forbes, [2] primarily from his ownership stakes in Tesla, Inc. and SpaceX.