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In November 2021, Musk proposed on Twitter to sell some of his Tesla stock. [96] After more than 3.5 million Twitter accounts supported the sale, Musk sold $6.9 billion of Tesla stock within a week, [96] and a total of $16.4 billion by year end, reaching the 10% target. [97]
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, [418] and $397 billion according to Forbes, [419] primarily from his ownership stakes in Tesla, Inc., and SpaceX.
Tesla was incorporated (as Tesla Motors) on July 1, 2003, by Martin Eberhard and Marc Tarpenning in San Carlos, California. [2] [3] [4] The founders were influenced to start the company after General Motors recalled all its EV1 electric cars in 2003 and then destroyed them, [5] and seeing the higher fuel efficiency of battery-electric cars as an opportunity to break the usual correlation ...
In 2004, Musk began investing in Tesla, Inc., an automotive and energy company, known for its pioneering electric vehicles. Today, Musk serves as CEO of the car and battery storage manufacturer.
Musk's net worth began a rapid ascent at the start of the pandemic as Tesla stock prices soared. Musk started 2020 with an estimated net worth of just under $30 billion and was worth around $170 ...
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...
Musk has defended his wealth by saying he is accumulating resources for humanity's outward expansion to space. [12] At the start of 2020, Elon Musk had a net worth of $27 billion. [13] By the end of the year his net worth had increased by $150 billion, mostly driven by his ownership of around 20% of Tesla stock. [14]
Tesla became the world’s most valuable car company in the summer of 2020 and its market value topped $1 trillion in the fall of 2021 before falling in 2022. The company had a market value of ...