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Elon Musk: The Man of the Hour

October 23, 2014

Just a Minute

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Elon Musk: The Man of the Hour

It is rare to open a financial paper these days and not see Elon Musk mentioned within it. Why is that? Perhaps it is because everything he has been touching in the past 15 years has turned to gold. Tesla was founded by Elon Musk back in 2003. At that time, Musk had capital left over from the sale of PayPal, the successful online payment company he co-founded in March 1999, and sold to eBay in 2002 for $165 million. In the early years of Tesla, Musk approached Daimler AG, the parent-company of Mercedes automobiles, hoping to jump-start the electric-automobile venture of his. Tesla has grown since that time. Launching IPO in July 2010, Tesla began trading at $19.20 per share. The company has been going from strength to strength ever since, and Tesla stock is currently trading at $231.10...

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