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Musk led the Series A round of investment in February 2004; he invested $6.35 million, became the majority shareholder, and joined Tesla's board of directors as chairman. [120] [121] Musk took an active role within the company and oversaw Roadster product design, but was not deeply involved in day-to-day business operations. [122]
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.
In October 2014, both Daimler and Toyota sold their holdings of Tesla shares [48] [49] with a combined profit of over US$1 billion. [50] On June 29, 2010, Tesla Motors launched its initial public offering on NASDAQ. 13,300,000 shares of common stock were issued to the public at a price of US$17.00 per share. [51]
In addition to some shareholders being invigorated by the Tesla shareholder vote and Trump's victory following Musk's endorsement and fundraising, a majority of the investors and analysts BI spoke ...
Tesla's annual shareholder meeting took place June 13, 2024. Elon Musk talked to shareholders about the company's future and progress on real-world AI, electric vehicles, energy and more. Most ...
Tesla claims some 6,000 small stockholders owning over 23 million shares—enough to make them collectively the 11th largest owner of the company—flooded the board with unsolicited letters of ...
[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]
Tesla shareholders have re-approved a pay package for CEO Elon Musk worth billions that was already thrown out by a Delaware judge earlier this year in a vote that also approved moving Tesla to Texas.