Elon Musk’s Tesla and SpaceX get a little more attention from regulators
Elon Musk is not the first billionaire to invest heavily in electric vehicles, but he has one of the best track records.
The billionaire CEO has been a vocal supporter of electric vehicles in recent years, as well as a long-time supporter of solar power.
Tesla, the company that Musk founded in 2003, was acquired by a group of investors in 2014, which has since expanded into a fleet of electric cars and electric buses.
Elon Musk has not revealed any specific plans to sell his shares in Tesla or SpaceX, but many investors are beginning to look at the company as a way to diversify into an ever-growing industry.
Last week, a panel of investors including the Rockefeller family and Warren Buffett announced that they would be investing in a new company called SolarCity, which will be an electric vehicle company.
SolarCity will operate as a joint venture with Tesla, and it will be able to sell a wide range of electric vehicle models that are not Tesla.
Solar City, which is expected to begin operations in the second half of 2020, has raised about $2 billion from investors including Warren Buffett, Bill Gates, and other billionaires, and Elon Musk himself is a major investor.
In a statement, Musk said he was excited about SolarCity’s expansion into the EV market, and that he expected the company to become a major player in the industry in the next several years.
“SolarCity has a long history of pioneering and delivering products and services to the EV industry.
Our focus on delivering a broad portfolio of products and service that are accessible to an extensive range of customers across all EV models and from all over the world will help to accelerate the transition to EVs,” Musk wrote.
Solarcity is looking to become an early leader in the EV field, and its new venture will likely help to achieve that goal.
Solar city is aiming to be the biggest EV company in the U.S. The company’s CEO, Lyndon Rive, said that the company would focus on the development of a range of EV models, and the new venture could potentially create an EV factory in Michigan, one of Tesla’s largest manufacturing facilities.
He also said that SolarCity plans to begin selling vehicles within six months.
Elon is one of a few people in the world who can get away with saying he has no plans to leave the Tesla business.
When he was at Tesla, Musk made it clear that he wanted to be a long time investor in the company, and he has repeatedly said that he plans to stay on at the electric car maker.