The Elon Gate: A True History of the Most Outrageous and Inspiring Business Takeover in History...

The Elon Gate: A True History of the Most Outrageous and Inspiring Business Takeover in History!
In the business world, takeovers are not uncommon. But the Elon Gate is in a class of its own. This was no ordinary takeover – it was an audacious, outrageous and inspiring act that made headlines around the world.
The story begins with Elon Musk, the founder of Tesla Motors. In early 2018, Tesla was struggling to meet production targets for its new Model 3 car. Musk was under immense pressure and decided to take radical action. He hatched a plan to take over another company – one that would give Tesla the much-needed boost it needed to get back...
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In the business world, takeovers are not uncommon. But the Elon Gate is in a class of its own. This was no ordinary takeover – it was an audacious, outrageous and inspiring act that made headlines around the world.
The story begins with Elon Musk, the founder of Tesla Motors. In early 2018, Tesla was struggling to meet production targets for its new Model 3 car. Musk was under immense pressure and decided to take radical action. He hatched a plan to take over another company – one that would give Tesla the much-needed boost it needed to get back on track.
That company was SolarCity, a solar panel manufacturer founded by two of Musk’s cousins. On June 21st, 2018, Musk announced his intention to take over SolarCity in a $2.6 billion deal. The reaction was immediate and intense. Some called it a genius move, others said it was reckless and irresponsible.
The truth is, it was both. The Elon Gate was a high-risk gamble that could have easily gone wrong. But it also had the potential to pay off in a big way – and that’s exactly what happened.
Today, SolarCity is part of Tesla and the company is thriving. The Model 3 is one of the best-selling cars in America and Tesla is on track to become the most valuable automaker in the world. All thanks to the audacious actions of Elon Musk, who took a huge risk – and came out Photo by RODNAE Productions on Pexels The birth of the Elon Gate.
The idea is born.
In the early days of Tesla, there was much speculation about who would become the company’s first CEO. Some thought it would be Eberhard, others Musk. But in the end, it was neither of them. It was someone else entirely.
, Elon Musk became the chairman of Tesla Motors after investing $30 million dollars of his own money into the company. He then set out to find a CEO who could take the company to the next level. His search led him to Ze’ev Drori, an experienced automotive executive who had previously worked at General Motors and Porsche.
Drori was initially hesitant to join Tesla, but he eventually agreed to become the company’s CEO in early 2008. Musk promised him a base salary of $1 million per year and options for 10% of the company.
The planning begins.
Musk and Drori began working together closely, and it quickly became clear that they had very different visions for Tesla. While Musk wanted Tesla to be a cutting-edge technology company, Drori wanted it to be a traditional car company.
The two men clashed over many issues, but their biggest disagreement came over the development of Tesla’s first car, the Roadster. Drori wanted to use an existing engine from another car manufacturer, but Musk insisted on developing their own unique engine.
The tension between Musk and Drori came to a head in May 2008, when Drori abruptly resigned as CEO of Tesla. Musk took over as interim CEO and immediately began making changes at the company.
The execution
Under Musk’s leadership, Tesla made several radical changes. He cancelled plans for the Roadster 2 and instead focus on developing an electric sedan known as the Model S. He also fired nearly one third ofTesla’s employees and outsourced manufacturing to a contract manufacturer in Malaysia.
In the midst of all this turmoil, Tesla managed to secure $465 million in government loans and begin production on the Model S. The first cars were delivered to customers in June 2012.
The Model S was a huge success, and Tesla’s stock price soared. By the end of 2013, Tesla was worth more than $12 billion. Musk had achieved his goal of making Tesla a cutting-edge technology company, and he had done it in just five years.
The aftermath of the Elon Gate.
The reaction.
The reaction to the Elon Gate was swift and intense. The business world was s...