Martin Eberhard and Marc Tarpenning founded Tesla, Inc. in 2003. company promotes sustainable energy worldwide. Tesla makes and sells electric cars, home to grid battery energy storage, solar panels, solar roof tiles & other products and services.
You cant blame him for not contributing
Mr. Musk has 11 children: six with his first wife, three with Grimes & two with Shivon Zilis.
Tweeting after his twins with Ms Zilis birth: “Doing my best to help underpopulation crisis.”
Facts
- Worlds most valuable automaker is Tesla.
- Tesla shipped over 3 million EVs.
- Tesla employs over 100,000.
- Tesla has six factories worldwide.
- Tesla is environmentally conscious and has several sustainability initiatives.
Networth
Teslas approximate net worth on November 22, 2023, is $766.75 billion. companys market capitalization is its stock price times its outstanding shares. Teslas stock price has fluctuated but been rising. companys electric vehicle market performance has increased its valuation.
All Tesla cars in production
- Model S: Premium sedan with 405 mile range.
- Model X: 348 mile SUV.
- Model Y: 330 mile compact SUV.
- Model 3: 267 mile mid size sedan.
- Tesla is also developing two cars:
- Cybertruck: 500 mile range pickup truck.
- Roadster: 500 mile sports car.
Cybertruck and Roadster are expected in 2024 and 2025, respectively.
History
- Martin Eberhard and Marc Tarpenning found Tesla Motors in 2003.
- 2004, Elon Musk becomes Teslas investor and board chairman.
- 2006: Tesla releases Roadster, 245 mile sports car.
- 2008: Tesla releases 265 mile Model S luxury sedan.
- In 2012, Tesla opens its first factory in Fremont, California.
- 2015: Tesla launches 250 mile Model X SUV.
- Tesla launches Model 3, 220 mile mid size sedan, in 2016.
- Tesla buys SolarCity in 2017.
- 2018: Tesla launches 303 mile Model Y compact SUV.
- In 2019, Tesla opens its first factory outside North America in Shanghai, China.
- 2020: Tesla becomes most valuable automaker.
- In 2021, Tesla opens its first European factory in Grünheide, Germany.
- 2022: Tesla becomes top selling electric carmaker.
Tesla makes Model S, Model X, Model Y & Model 3. Model S luxury sedans can travel 405 miles. Model X SUVs can go 348 miles. Model Y compact SUVs can travel 330 miles. midsize sedan, Model 3 can travel 267 miles.
Elon Musk
Musk is Teslas CEO and product architect. He founded and runs SpaceX. Musk is one of most influential entrepreneurs.
Elon Musk cofounded six companies, including Tesla, SpaceX & Boring Company.
Despite owning 21% of Tesla stock and options, he has pledged more than half his shares as collateral for $3.5 billion in personal loans.
In four years, SpaceX, founded in 2002, nearly quintupled its value to $150 billion after $750 million tender offer in June 2023.
In April 2022. Boring Company raised $675 million at $5.7 billion valuation to fight traffic.
Twitters board sold company to Musk for $44 billion in April 2022 after he disclosed 9.1% stake and threatened hostile takeover.
Musk pulled out and Twitter sued. But deal closed in October 2022. Musk owns about 74% of X.
I use physics based analysis. First, you identify fundamental truths in field, then you reason from there. Elon Musk
Musk was born where?
Since debuting in Silicon Valley over two decades ago, 52 year old serial entrepreneur has captivated public with his business antics.
Mr. Musk, from Pretoria, South Africa, sold homemade chocolate Easter eggs door to door with his brother and created his first computer game at 12.
His parents divorce, school bullying & Aspergers Syndromes difficulty reading social cues made his childhood difficult. As soon as he could, he moved to Canada and then US to study economics and physics at Ivy League University of Pennsylvania.
For Marie Claire, his first wife, Justine Musk, writer he met in college and married in 2000, wrote in 2010 that Mr. Musk was “not man who takes no for an answer” before his millions.
“The will to compete and dominate, that made him so successful in business, did not magically shut off when he came home,” she said. He told her while dancing at their wedding, “I am alpha in this relationship.”
How did Musk make money?
Mr. Musk dropped out of Stanford Universitys physics graduate program and founded two technology companies during 1990s “dotcom boom”. These included web software and online banking, which became PayPal, which eBay bought for $1.5bn in 2002.
He invested his fortune in SpaceX, rocket company he aimed to make cheaper alternative to NASA & Tesla, an electric car company where he chaired board until becoming CEO in 2008.
Even though they nearly went bankrupt, two firms upended their industries.
The October 2022 Twitter takeover was his latest business venture.
Since then, he has drastically reduced its workforce, including, controversially, platform safety teams, rebranded company as X & introduced premium subscriptions to diversify its revenue from advertising.
Musk wants X to be “everything app” with many services. He paid $44bn for firm. But reports say its value has dropped to $19bn.
He was an early investor in ChatGPTs parent company before founding xAI in July to “understand true nature of universe” in AI.
“Im never hugely convinced that he knows what he wants to do tomorrow,” says journalist Chris Stokel Walker. “He very much leads by instinct.”
In her 2015 biography, Ashlee Vance called Musk “a confrontational know it all” with “abundant ego”. However, he called him an awkward dancer and shy public speaker.
Mr. Musk is open about his marijuana use, having been divorced three times, twice from British actress Talulah Riley.
The press has called him mad genius and Twitters biggest troll, known for his lofty ambitions and petty fights, as well as more serious lawsuits he and his companies have faced from regulators, investors & others over racial discrimination and his claims trustworthiness.
“If you list my sins, I sound like worst person on Earth,” Musk said at TED last year. “But if you put those against things Ive done right, it makes much more sense.”
How much is Elon Musk worth?
These contradictions seem to be part of his appeal & hes made fortune.
As of November 2023, Bloomberg and Forbes estimate his net worth at $198bn (£162bn) to $220bn (£180bn).
This is due to his over 13% Tesla ownership. Some say companys stock rose unreasonably in 2020 as output increased and profits began to appear.
Some blamed Twitter takeover for share drop at end of last year. But they have since recovered.
Musk and son X are seen at 12 in 2021. Musk, who has 11 children, considers “population collapse” more dangerous than global warming.
Mr. Musk supports digital currencies and owns several smaller companies, including tunnel maker Boring Company and brain computer startup Neuralink.
Mr. Musk, self described workaholic, has said hes not in business to make money, as he did with his Twitter takeover.
Tesla investor and friend Ross Gerber says, “Elon only gets involved with things if he feels theyre critically important for some reason… for sake of society or humanity.”
Elon Musks politics?
Mr. Musk, who became US citizen in 2002, calls himself “half Democrat, half Republican”, “politically moderate” and “independent”.
He still participates in political debate.
He suggested that China establish “special administrative zone” in Taiwan and proposed terms to resolve Ukraine war that many of countrys top leaders rejected.
Mr. Musk provided Starlink satellite internet to Ukraine. But he was criticized for denying Kyivs emergency request to activate Starlink in Sevastopol, major Russian navy port.
In Texas, he moved to protest Californias regulations and high taxes, clashed with union organizers & called coronavirus lockdowns “fascist” in spring 2020.
Elon Musk at Tesla gigafactory opening party in Austin, Texas.
He was one of first business executives to leave White House business council after Trump withdrew from global climate agreement.
He also criticizes President Joe Biden for ignoring Tesla while promoting electric cars.
Because Tesla addresses major human issues like climate change, he considers his businesses philanthropy.
He is one of most prominent figures concerned about super intelligent AIs threat to humanitys future, despite his interest in AI.
He believes artificial intelligence and declining birth rate could lead to “not enough people” in world.
