Elon Musk did not name nor found Tesla; he bought the name for $75,000 from a stubborn owner in Sacramento through persistent negotiation. The real founders of Tesla were Martin Eberhard and Mark Tarpenning. Musk joined a year after Tesla was founded, invested $6.5 million, and later became chairman and CEO, driving the company to global success. If the deal for the name had failed, Musk’s alternative was ‘Faraday.’
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Elon Musk Bought The Tesla Name For $75K
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