Showing posts with label elon musk. Show all posts
Showing posts with label elon musk. Show all posts

Thursday, July 29, 2010

Elon Musk, CEO of Tesla, Meets with Colbert;



The CEO of Tesla Motors met with Steven Colbert to discuss some of the latest Tesla projects and other projects that Musk is involved in. Tesla is an electric vehicle production company that is a major up and coming automaker. Peoria Volkswagen will sell the Jetta Hybrid model that Volkswagen will release in 2011, however Tesla has a head start on much of the competition with its Roadster electric model. The Ford Escape Hybrid is also one of the top hybrid models and can be found at many Ford dealers.

Reading Dodge Dealers also sell fuel efficient Dodge models like the Dodge Ram Hybrid, but none so far compare to the Tesla Roadster in terms of its electric engine efficiency. A major purpose of Tesla is to offer affordable electric vehicles to the public at some point. Elon Musk noted that Tesla only offers a pricey electric vehicle that is in limited production at the moment: the Tesla Roadster. The Roadster can be purchased for $109,000 at select dealerships throughout the country.

However, Elon Musk said that the Model S sedan would be available soon for about half the price of the Roadster. He then went on to say that the ultimate goal is to reduce the price of Tesla's electric models by even more to $30,000. The lower the price of the model, the more accessible it is for American consumers, and price is always a very important factor to consider for a vehicle. The Model S sedan will be available on a wide scale beginning in 2010.

Elon Musk is a very interesting CEO who is reported to be extravagant with some of his spending. He is also involved in a space travel project that may be involved in future space transportation. Musk is the former founder of Paypal which he sold several years ago to eBay for a large sum of money. Elon Musk is supposedly the inspiration for the Tony Stark character in the latest Iron Man films. Musk has invested much of his fortune into his ventures like Tesla Motors, but the investment has already paid off with a successful IPO and what looks to be large success on the horizon with the Model S sedan.

Wednesday, June 30, 2010

CEO of Tesla Likely Made $24 Million at IPO;



The CEO of Tesla, Elon Musk, is thought to have made at least $24 million at the highly successful IPO that was held yesterday. Tesla is an electric vehicle manufacturer. Ford offers a hybrid vehicle called the Ford Fusion which can be bought at a Kansas City Ford dealer. Nissan's Leaf, an electric model that is coming out soon, will have various Boston Nissan Prices depending on the area. A Jetta hybrid will also be released by Volkswagen whose other models can be seen at a Peoria Volkswagen dealer.

Elon Musk has invested at least $70 million of his own money into the venture which has proven to be of a high interest to many investors. Elon Musk previously had started the successful ventures of PayPal and Zip2 Corp.

He had however supposedly been suffering some financial problems as his ex-wife was demanding a fee for her support that Musk had to take out a loan from friends to pay off. In February, he had $650,000 in liquid assets. His 26.9 million shares of Tesla are valued at $642 million based on the price per share at closing time on Tuesday.

Yesterday, Tesla sold $13.3 million shares at a $17 price. The price went up 41% from its initial price of $17 to $23.83. The 41 percent gain was the second largest for an IPO from a U.S. company this year. With the success of the IPO, it is thought that Elon Musk has made back some of his investment in his hopeful company.

Tesla has attracted interest from Daimler AG and Toyota who will invest $50 million into the company later this year. The Tesla Roadster, a $109,000 fully electric sports coupe is owned by celebrities Brad Pitt and George Clooney.