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According to the Wall Street Journal, in September 2018, the company's stock fell to its lowest price in a year, around the time that CEO Elon Musk smoked marijuana during a live TV interview. [177] As of December 31, 2019, Musk owns 38,658,670 Tesla shares or 20.8% of the company. [178]
Elon Reeve Musk (/ ˈ iː l ɒ n / EE-lon; born June 28, 1971) is a businessman known for his key roles in Tesla, Inc., SpaceX, and Twitter (which he rebranded as X).Since 2025, he has been a senior advisor to United States president Donald Trump and the de facto head of the Department of Government Efficiency (DOGE).
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. In 2008, the company began production of its first car model, the Roadster sports car, followed by the Model S sedan in 2012, the Model X SUV in 2015, the Model 3 sedan in 2017, the Model Y crossover in ...
The first electric car came out in the 1800s, but quickly lost steam thanks to Henry Ford. It took another innovator to bring them back into the mainstream over 100 years later. How Elon Musk and ...
That surge reversed four years of poor performance for Tesla's shares as investors soured on the EV maker's weakening fundamentals and CEO Elon Musk's serial promises of fully self-driving cars ...
Elon Musk said 2025 would see Tesla produce thousands of Optimus robots, a lower-cost model, and the launch of a fully self-driving robotaxi service. ... The rollout of Tesla's first robotaxi rides.
The first Tesla Roadster was delivered in February 2008 to Tesla early investor, chairman and product architect Elon Musk. The company produced 500 similar vehicles through June 2009. In July 2009, Tesla began production of its 2010 model-year Roadster—the first major product upgrade. [19]
In March 1999, [15] Musk co-founded X.com, an online financial services and e-mail payment company with $12 million of the money he made from the Compaq acquisition. [16] X.com was one of the first online banks that was federally insured, and over 200,000 customers joined in its initial months of operation.