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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 ...
Elon Reeve Musk (/ ˈ iː l ɒ n m ʌ s k /; born June 28, 1971) is a businessman and U.S. special government employee, best known for his key roles in Tesla, Inc., SpaceX, and the Department of Government Efficiency (DOGE), and his ownership of Twitter.
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.
How did Elon Musk start making money? Elon Musk began building his fortune by starting the company Zip2. The company was acquired by Compaq in 1999 for $307 million, of which a 27-year-old 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...
A 2009 lawsuit settlement with Eberhard designated Musk as a Tesla co-founder, along with Tarpenning and two others. [76] [77] As of 2019, Musk was the longest-tenured CEO of any automotive manufacturer globally. [78] In 2021, Musk nominally changed his title to "Technoking" while retaining his position as CEO. [79]
The year Musk (and futurist Ray Kurzweil) believe full human-level AI will likely emerge, “give or take a year.” $100 million Amount of his own money Musk used to start the Boring Company ...
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]