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Elon Musk is a South African-born businessman and 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, [417] and $397 billion according to Forbes, [418] primarily from his ownership stakes in Tesla, Inc., and SpaceX.
Tesla shares slumped 7.5% in early Wednesday trading, wiping out more than $30 billion in market value from Tuesday's close. Analysts and investors divided over whether Musk can deliver on his ...
The division was founded on April 30, 2015, when Tesla CEO Elon Musk announced that the company would apply the battery technology it developed for electric cars to a home energy storage system called the Powerwall. In November 2016, Tesla acquired SolarCity, in a US$2.6 billion deal, and added solar energy generation to Tesla Energy's business ...
Tesla's market cap dropped $20 billion in just two hours after trading closed Tuesday, as Musk and other Tesla executives presented their new battery and manufacturing strategies. Investors had ...
Tesla CEO Elon Musk has said that a cheaper model could launch later this year, but details are sparse. However, Tesla also has new growth opportunities in the pipeline.
Musk promised not to start patent infringement lawsuits against anyone who, in good faith, used Tesla's technology for Powerwalls as he had promised with Tesla cars. [ 45 ] The Powerwall 1 battery uses nickel-manganese-cobalt chemistry [ 31 ] and can be cycled 5,000 times before warranty expiration.
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