Do you know how much Tesla is worth? Elon Musk, the founder of Tesla, is one of the richest people on earth. He earned a large portion of his wealth through the company. In recent months, however, Musk has started selling off shares piecemeal. The latest sale of Tesla shares, valued at $5 billion, has sparked a wave of panic in the investing community. Many investors predicted that the market value of Tesla would drop, and the stock has actually decreased by 16 percent in the past two days.
Does Elon Musk Own Tesla? The answer depends on whether you believe Elon Musk is the majority owner. According to Forbes, Musk has about fifty percent of Tesla’s stock. That means he has more leverage than any other shareholder. It’s unclear whether this means Musk is still running the company, or just owning a large percentage of it. However, it’s possible to speculate about his shareholdings.
While Elon bought the stock in 2006, he has also sold several million shares for more than $16 billion. In fact, Musk gave away 4.3 million shares and received a total of 22.8 million shares through stock options. As of early 2022, Musk has around seventeen percent of the company. While his shares are worth $200 billion, his ownership is likely to increase. This figure includes options on the company’s stock that he exercised last fall.
Tesla Electric Light and Manufacturing is a company that produces electric vehicles. Tesla does not do well, but it’s worth noting that the company is an odd mix of genius and madness. This company has also been plagued by allegations of unsafe work conditions and a faulty self-driving mode. Musk has recently asked a judge to pause a lawsuit alleging rampant racism against Black employees. And, of course, the CEO of Tesla Motors, Elon Musk, is the most important person to have on his team.
Although Tesla has financial problems, Musk is able to take pride in his company’s environmental efforts. The company is making progress on its production of electric cars, which could help it achieve profitability. But Tesla is not yet at that point yet, and its reliability and safety issues must be addressed before the company can move on to the next step. With its new designs, Musk hopes to sell a Tesla vehicle for under $25,000.
The founder of SpaceX, Musk has also started several other companies. By far the biggest is SpaceX, which is valued at $100 billion. Elon Musk’s stake in Tesla is valued at $250 billion. Despite being a “cash-poor” person, Musk has a large number of privately held start-ups. He owns most of the tunnel-engineering company The Boring Company, the neurotechnology company Neuralink, and the artificial intelligence research operation OpenAI.
Despite his contributions to Tesla, Musk didn’t actually found the company’s founding fathers. However, he did contribute $6.5 million, signed on as CEO, and joined the board of directors. He particularly liked designing the Roadster, the first Tesla vehicle. This all-electric sports car could go from zero to sixty miles in less than four seconds. This model was discontinued in 2012, but the company plans to produce another roadster in the near future.
As previously stated, Musk’s Twitter accounts have been the focus of a large amount of attention in recent months. As of 2022, Musk has had at least 80 million followers. He is currently embroiled in a legal battle with the Securities and Exchange Commission over his tweets. Musk regularly accuses the SEC of violating his First Amendment rights. While the settlement between Musk and the SEC seems to be on track, it is unlikely to disappear anytime soon.
Although Elon Musk owns nearly half of the company, the rest is tied to other companies, like Twitter. He has a stake in these companies, and his net worth is estimated to be at least $245 billion. It is unclear how much of this is linked to his personal wealth. However, it’s important to note that most of this wealth is tied to Tesla shares, and the $8.5 billion of shares Musk sold after his Twitter deal blew up the stock price.