{"id":59794,"date":"2022-02-09T11:13:25","date_gmt":"2022-02-09T16:13:25","guid":{"rendered":"https:\/\/www.t3live.com\/blog\/?p=59794"},"modified":"2022-02-09T12:06:33","modified_gmt":"2022-02-09T17:06:33","slug":"elon-musk-tesla-facts","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2022\/02\/09\/elon-musk-tesla-facts\/","title":{"rendered":"Elon Musk: 5 Fun Facts You Need to Know"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Elon Musk\u2026 you can love him. You can hate him.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But you can\u2019t ignore <strong>Tesla\u2019s<\/strong> (TSLA) polarizing CEO.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Because most executives can\u2019t move markets with a single Tweet.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But you might be surprised to learn the self-proclaimed \u201cDogefather\u201d hasn\u2019t always liked crypto and is a citizen of 3 countries.\u00a0<\/span><\/p>\n<p>So let's learn a little more about the man..<\/p>\n<h2><strong>Musk Was the First Person in History Worth $300 billion<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Tesla CEO Elon Musk is the richest person in the world and his climb to the top has been historic.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Bloomberg Billionaires Index <\/span><a href=\"https:\/\/www.bloomberg.com\/billionaires\/profiles\/elon-r-musk\/?sref=xTkgnLSf\"><span style=\"font-weight: 400;\">shows<\/span><\/a><span style=\"font-weight: 400;\"> Musk had a net worth of $27.6 billion at the end of 2019.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By the end of 2020, that number ballooned to $161 billion.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That\u2019s the biggest one-year increase for any person in history.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In 2021, he became the first person ever to be worth more than $300 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Musk crossed that milestone on October 28, 2021 as Tesla shares jumped to $1,114.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Musk\u2019s worth has fluctuated along with Tesla\u2019s share price, but he still remains on top of the billionaire\u2019s list.<\/span><\/p>\n<h2><strong>Tesla is the Only Stock Musk Owns<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">During a 2018 <\/span><a href=\"http:\/\/youtube.com\/watch?v=kzlUyrccbos\"><span style=\"font-weight: 400;\">interview<\/span><\/a><span style=\"font-weight: 400;\"> at South by Southwest, Musk said, \u201cI actually don\u2019t invest in anything. In fact, the only public security that I own of any kind is Tesla.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As of February 2022, Musk holds an estimated 177 million Tesla shares, after selling a bunch of the stock in the second half of 2021.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Those share sales were part of a 10B5-1 trading plan filed by Tesla with the SEC in September 2021.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But Musk had a little fun before executing the sales, sending out a Twitter <\/span><a href=\"https:\/\/twitter.com\/elonmusk\/status\/1457064697782489088?s=20&t=melAmLQVVtNLWTa0-XIRJQ\"><span style=\"font-weight: 400;\">poll<\/span><\/a><span style=\"font-weight: 400;\"> in November asking if he should sell 10% of his stake.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.<\/p>\n<p>Do you support this?<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1457064697782489088?ref_src=twsrc%5Etfw\">November 6, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">That poll prompted a short-lived selloff in the stock, and Musk proceeded to sell more than $16 billion worth of shares by December 28.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But he also exercised options to purchase more shares at the same time, increasing his total stake by the end of the year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although he doesn\u2019t own any other stocks, Musk has become a big fan of cryptocurrencies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Speaking of which\u2026<\/span><\/p>\n<h2><strong>The Dogefather Has Not Always Liked Crypto<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">It\u2019s safe to say Musk\u2019s feelings about crypto have changed over the years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a February 2018 <\/span><a href=\"https:\/\/twitter.com\/elonmusk\/status\/966602470431473664?s=20&t=s7WmpPKcAW-MQUAu3L8edw\"><span style=\"font-weight: 400;\">tweet<\/span><\/a><span style=\"font-weight: 400;\">, the Tesla CEO said he literally owned zero cryptocurrency.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Not sure. I let <a href=\"https:\/\/twitter.com\/jack?ref_src=twsrc%5Etfw\">@jack<\/a> know, but it\u2019s still going. I literally own zero cryptocurrency, apart from .25 BTC that a friend sent me many years ago.<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/966602470431473664?ref_src=twsrc%5Etfw\">February 22, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">We don\u2019t know exactly when his attitude about crypto changed, but Musk was all-in by 2021.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He boosted the value of Dogecoin by tweeting about it, and even proclaimed himself the Dogefather before hosting SNL in April 2021.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The Dogefather<br \/>\nSNL May 8<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1387290679794089986?ref_src=twsrc%5Etfw\">April 28, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">But he\u2019s also worked to enact change in the crypto space.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Musk changed his mind on Tesla accepting Bitcoin as payment in May 2021, raising concerns about the environmental impact of mining.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Speaking at the virtual B Word Conference in July 2021, he said the automaker would probably accept Bitcoin again in the future.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cI wanted a little bit more due diligence to confirm that the percentage of renewable energy usage is most likely at or above 50%, and that there is a trend towards increasing that number, and if so Tesla would resume accepting bitcoin,\u201d Musk said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tesla\u2019s 2022 annual <\/span><a href=\"https:\/\/www.sec.gov\/ix?doc=\/Archives\/edgar\/data\/0001318605\/000095017022000796\/tsla-20211231.htm\"><span style=\"font-weight: 400;\">report<\/span><\/a><span style=\"font-weight: 400;\"> with the SEC showed the automaker still holds about $2 billion worth of Bitcoin.\u00a0<\/span><\/p>\n<h2><strong>PayPal Helped Musk Start Tesla<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">In March 1999, Musk cofounded the online banking site called X.com.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A year later, X.com merged with Max Levchin and Peter Thiel\u2019s PayPal.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When PayPal was bought by eBay for $1.5 billion in 2002, Musk <\/span><a href=\"https:\/\/www.huffpost.com\/entry\/elon-musk-a-selfmade-entr_b_2214268\"><span style=\"font-weight: 400;\">received<\/span><\/a><span style=\"font-weight: 400;\"> a $180 million payout\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">$70 million of that money went into Tesla.\u00a0<\/span><\/p>\n<h2><strong>Musk is from South Africa<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Hearing Elon Musk speak, you might wonder where he\u2019s from.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He was born in Pretoria, South Africa on June 28, 1971.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The billionaire was raised in that town by his South African father and Canadian mother.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He moved to Canada at 17-years-old to avoid being forced to enlist in the South African military.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Musk then came to the U.S. two years later when he transferred to the University of Pennsylvania. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">He holds triple citizenship in South Africa, the U.S., and Canada.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So an immigrant from South Africa started the most valuable car company ever and cemented himself as the richest person in history.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Talk about your success stories\u2026<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk\u2026 you can love him. You can hate him.\u00a0 But you can\u2019t ignore Tesla\u2019s (TSLA) polarizing CEO. Because most executives can\u2019t move markets with a single Tweet. But you might be surprised to learn the self-proclaimed \u201cDogefather\u201d hasn\u2019t always liked crypto and is a citizen of 3 countries.\u00a0 So let&#8217;s learn a little more about the man.. Musk Was the First Person in History Worth $300 billion Tesla CEO Elon Musk is the richest person in the world and his climb to the top has been historic. The Bloomberg Billionaires Index shows Musk had a net worth of $27.6 billion at the end of 2019. By the end of 2020, that number ballooned to $161 billion.\u00a0 That\u2019s the biggest one-year increase for any person in history. In 2021, he became the first person ever to be worth more than $300 billion. Musk crossed that milestone on October 28, 2021 as Tesla shares jumped to $1,114.\u00a0 Musk\u2019s worth has fluctuated along with Tesla\u2019s share price, but he still remains on top of the billionaire\u2019s list. Tesla is the Only Stock Musk Owns During a 2018 interview at South by Southwest, Musk said, \u201cI actually don\u2019t invest in anything. In fact, the only public security that I own of any kind is Tesla.\u201d As of February 2022, Musk holds an estimated 177 million Tesla shares, after selling a bunch of the stock in the second half of 2021. Those share sales were part of a 10B5-1 trading plan filed by Tesla with the SEC in September 2021. But Musk had a little fun before executing the sales, sending out a Twitter poll in November asking if he should sell 10% of his stake.\u00a0 Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock. Do you support this? \u2014 Elon Musk (@elonmusk) November 6, 2021 That poll prompted a short-lived selloff in the stock, and Musk proceeded to sell more than $16 billion worth of shares by December 28.\u00a0 But he also exercised options to purchase more shares at the same time, increasing his total stake by the end of the year. Although he doesn\u2019t own any other stocks, Musk has become a big fan of cryptocurrencies. Speaking of which\u2026 The Dogefather Has Not Always Liked Crypto It\u2019s safe to say Musk\u2019s feelings about crypto have changed over the years. In a February 2018 tweet, the Tesla CEO said he literally owned zero cryptocurrency.\u00a0 Not sure. I let @jack know, but it\u2019s still going. I literally own zero cryptocurrency, apart from .25 BTC that a friend sent me many years ago. \u2014 Elon Musk (@elonmusk) February 22, 2018 We don\u2019t know exactly when his attitude about crypto changed, but Musk was all-in by 2021.\u00a0 He boosted the value of Dogecoin by tweeting about it, and even proclaimed himself the Dogefather before hosting SNL in April 2021.\u00a0 The Dogefather SNL May 8 \u2014 Elon Musk (@elonmusk) April 28, 2021 But he\u2019s also worked to enact change in the crypto space.\u00a0 Musk changed his mind on Tesla accepting Bitcoin as payment in May 2021, raising concerns about the environmental impact of mining.\u00a0 Speaking at the virtual B Word Conference in July 2021, he said the automaker would probably accept Bitcoin again in the future.\u00a0 \u201cI wanted a little bit more due diligence to confirm that the percentage of renewable energy usage is most likely at or above 50%, and that there is a trend towards increasing that number, and if so Tesla would resume accepting bitcoin,\u201d Musk said. Tesla\u2019s 2022 annual report with the SEC showed the automaker still holds about $2 billion worth of Bitcoin.\u00a0 PayPal Helped Musk Start Tesla In March 1999, Musk cofounded the online banking site called X.com.\u00a0 A year later, X.com merged with Max Levchin and Peter Thiel\u2019s PayPal.\u00a0 When PayPal was bought by eBay for $1.5 billion in 2002, Musk received a $180 million payout\u00a0 $70 million of that money went into Tesla.\u00a0 Musk is from South Africa Hearing Elon Musk speak, you might wonder where he\u2019s from.\u00a0 He was born in Pretoria, South Africa on June 28, 1971.\u00a0 The billionaire was raised in that town by his South African father and Canadian mother. He moved to Canada at 17-years-old to avoid being forced to enlist in the South African military.\u00a0 Musk then came to the U.S. two years later when he transferred to the University of Pennsylvania. He holds triple citizenship in South Africa, the U.S., and Canada. So an immigrant from South Africa started the most valuable car company ever and cemented himself as the richest person in history. Talk about your success stories\u2026<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-59794","post","type-post","status-publish","format-standard","hentry","category-articles"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/59794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=59794"}],"version-history":[{"count":3,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/59794\/revisions"}],"predecessor-version":[{"id":59800,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/59794\/revisions\/59800"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=59794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=59794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=59794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}