• / Free eNewsletters & Magazine
  • / My Account
Home>Elon Musk is not Mr. Tesla, in case there was any confusion

Related Content

  1. Videos
  2. Articles
  1. Investors Still Beating a Path to Bonds

    October data show continued inflows for bonds (including riskier fixed-income assets), while investors withdrew money from U.S. stock mutual funds and ETFs .

  2. Bucket Portfolios for Retirement Income: Step by Step

    Morningstar's Christine Benz walks investors through the basics of setting up and maintaining a 'bucket' retirement portfolio, including some of her favorite funds for retirees.

  3. Sharpen Your Portfolio Plan for 2014 and Beyond

    Roundtable Report: At the outset of 2014, Morningstar strategists dig into the market's current valuation and expected return, seek out high-quality U.S. and foreign stock opportunities, size up the role of cash today, assess the Fed's impact on the market , and reveal the best ways to fight inflation .

  4. Finding Value in a Challenging Market Environment

    In this special one-hour presentation, Morningstar experts share their takes on how investors can navigate a world with slightly overvalued stocks , an uncertain interest-rate environment, and a slow-growing economy.

Elon Musk is not Mr. Tesla, in case there was any confusion

Elon Musk is not Mr. Tesla, in case there was any confusion


By Claudia Assis, MarketWatch

Real Mr. Tesla existed -- but was no billionaire

Tesla Motors Inc. (TSLA) recently was dealt a setback in Texas when the state blocked the electric-car maker from selling its cars directly to consumers, but the world got a chuckle or two in the process: A Lone State politician faulted "Mr. Tesla" for that result.

"I can appreciate Tesla wanting to sell cars, but I think it would have been wiser if Mr. Tesla had sat down with the car dealers first," State Rep. Senfronia Thompson, a Democrat whose district encompasses parts of Houston, has been quoted as saying (http://arstechnica.com/cars/2015/05/bill-to-allow-tesla-to-sell-cars-in-texas-dies-in-committee/).

There was, of course, a Mr. Tesla -- the famous Serbian-American inventor who died in 1943.

Nikola Tesla was indeed the inspiration for the electric-car maker's name. He lived and died in very different circumstances than Tesla's Chief Executive Elon Musk, however. And Musk joined the company after its name had already been chosen by founders Martin Eberhard and Marc Tarpenning.

For starters, Tesla the scientist died penniless and alone in a hotel room in Manhattan, obsessed with feeding and befriending pigeons.

Forbes magazine estimates Musk's fortune around $13 billion -- so chances are he will not end up penniless. He also has five children and has been married three times, and Tesla was childless and a bachelor.

blog comments powered by Disqus
Upcoming Events

©2014 Morningstar Advisor. All right reserved.