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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 Musk is 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, [415] and $397 billion according to Forbes, [416] primarily from his ownership stakes in Tesla, Inc. and SpaceX.
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.
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 ...
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]
How did Elon Musk start out? Like many 12-year-olds, Musk had a passion for video games as a child. However, unlike most kids, he already had a strong entrepreneurial passion.
[8] [9] [10] Musk currently sits on the boards of Tesla Inc. and SpaceX; his brother Elon is the current CEO of both companies. [11] He was on the board of Chipotle Mexican Grill [12] from 2013 to 2019. [13] He is the brother of Elon Musk, Tosca Musk, son of Errol and Maye Musk, and a major shareholder in Tesla. [14]