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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.
The deal's announcement resulted in a more than 10% drop in Tesla's stock price; at the time, SolarCity was facing liquidity issues. [123] Multiple shareholder groups filed a lawsuit against Musk and Tesla's directors, stating that the purchase of SolarCity was done solely to benefit Musk and came at the expense of Tesla and its shareholders.
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 ...
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...
Elon Musk resurfaced a 2016 interview in which Morgan Freeman said he owned Tesla stock. A Tesla share bought at the time of the interview would now be worth about 30 times as much. A publicist ...
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 ...
Tesla, Inc. (/ ˈ t ɛ s l ə / ⓘ TESS-lə or / ˈ t ɛ z l ə / TEZ-lə [a]) is an American multinational automotive and clean energy company. Headquartered in Austin, Texas, it designs, manufactures and sells battery electric vehicles (BEVs), stationary battery energy storage devices from home to grid-scale, solar panels and solar shingles, and related products and services.
Is it a Good Idea to Buy Tesla Stock? Tesla stock has been a wild ride to date, especially in the last few years. On January 1, 2020, it was selling at $130.11. Two years later, the price was $936.72.