The much more profitable automaker in the globe, Tesla, is led by Elon Musk. The Antonio, Texas-based business provides residential solar batteries and electric automobiles. In addition, Musk is the owner of Twitter and the CEO of SpaceX, a rocket manufacturer contracted by NASA to replenish the space station. Elon Musk’s net worth – is $182 billion.
Musk seems to be the CEO of the largest valuable automaker in the world, actively listed Tesla, and privately held rocket company SpaceX, including the US National Aeronautical and Space Organization.
By a company statement from December 2022, Musk owns around 13% of Tesla. Additionally, he has 279 million transferable stock options from his massive grant from 2018.
Elon Musk Biography
Musk, raised in South Africa by an engineering father and a nutritionist mom, left home at 17 to attend college in Canada, partly during the apartheid era. He attended Stanford University after earning physics and mathematics degrees at Pennsylvania State University. Within a few days, he left to focus on his three main interests: the Internet, renewable technology, and space.
In 1995, he founded Zip2, an internet authoring tool, which he sold for more than $300 million. He committed a portion of the earnings to launch the digital payment platform X.com. He would combine that with the online store, which eventually became PayPal, and be sold to eBay in 2002 for $1.5 billion.
New startup SpaceX
A small rocket business that NASA hired to replace the space shuttle in its capacity as the station’s primary supplier. He founded Tesla, the business that created the first zero-emission sports vehicle in the world in 2010, a year later. The business issued stocks in a market offering the same year. SpaceX is valued at $137 billion by January 2023 funding round.
His third business, SolarCity, sold solar power equipment. Tesla acquired SolarCity on November 21, 2016, after the company had offered shares inside a tender offer in 2012.
In April 2012, Musk stated he planned to retire on Mars and joined Warren Buffet’s Philanthropist. In July 2020, Tesla became the highest-valued automaker in the world, and subsequent gains helped Musk become the world’s most wealthy individual in January 2021. He declared that Tesla would relocate its company offices from Palo Alto, Californian, to Austin, Texas, in October 2021.
After obtaining a shareholding in the social networking company, Musk proposed to purchase Twitter Inc. for $44 billion in April 2022. He owns 79% of the company. Musk tried to cancel the agreement for months after the board approved it. Finally, in October 2022, Musk bought Twitter.