{"id":4344,"date":"2023-03-31T06:18:31","date_gmt":"2023-03-31T05:18:31","guid":{"rendered":"https:\/\/www.ceoinfluencers.com\/?p=4344"},"modified":"2023-03-31T06:18:31","modified_gmt":"2023-03-31T05:18:31","slug":"how-much-did-elon-musk-pay-for-tesla","status":"publish","type":"post","link":"https:\/\/www.ceoinfluencers.com\/how-much-did-elon-musk-pay-for-tesla\/","title":{"rendered":"How much did elon musk pay for tesla?"},"content":{"rendered":"

In 2013, Tesla Motors announced that it had received an investment of $1.6 billion from CEO Elon Musk. The investment was in the form of convertible debt, meaning that it could be converted into equity if Tesla’s stock price rose above a certain level. As part of the deal, Musk also agreed to invest $100 million in the company over the next three years.<\/p>\n

Elon Musk paid $22 million for Tesla.<\/p>\n

How much did Elon buy Tesla for? <\/h2>\n

Tesla Motors was incorporated in July 2003 by Martin Eberhard and Marc Tarpenning. The company’s name is a tribute to inventor and electrical engineer Nikola Tesla. In February 2004, via a $65 million investment, Elon Musk became the largest shareholder of the company.<\/p>\n

Elon Musk took the stand in a trial over his compensation package from Tesla, and defended his $56 billion pay. Musk said that the compensation was based on Tesla’s performance and that he had put in long hours to turn the company around. The trial is expected to conclude this week.<\/p>\n

Who owns the most Tesla stock <\/h3>\n