Tesla, Elon Musk’s wheel of fortune – Liberation

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The company’s largest shareholder, Elon Musk, saw sales of his electric cars soar and outpaced traditional automakers.

Trillion dollars. The amount of Tesla’s stock market value since the fall of 2021 and which continues today. This is still 150 times more than the value of Renault, which nevertheless produces 2.7 million vehicles each year when Tesla put just under a million on the market last year. The Tesla share was listed at 35 dollars (33 euros) five years ago, it is now trading at more than 980 dollars, to the greatest profit of its largest shareholder: Elon Musk. With 22% of the capital, his estimated fortune exceeds 250 billion dollars. Although his name is inseparable from the electric car manufacturer, Elon Musk is not the founder of Tesla. In 2003, he joined Martin Eberhard and Marc Tarpenning, creators of the brand, a few months after the first steps of the company. The Californian firm, with no experience in the automotive industry, has designed a mobility environment more than a vehicle “A Tesla, an iPhone on wheels. It is not just a vehicle but an entire environment which includes an assisted driving system but also route optimization with an indication of the location of the charging stations to be used to complete a route. analyzes Laurent Petizon, in charge of the automotive sector at the consulting firm AlixPartners.

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The concept has obviously won over electric car aficionados. Although more expensive than a Renault Zoe, Tesla’s Model 3, which exceeds…

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