And Musk, the founder of controversial electric transportation company Tesla (among many other things), has managed to somehow stir the pot even more, with a tweeted suggestion that he's thinking about building a dirt bike. Interestingly, a picture posted on Twitter by Elon Musk's mother may have revealed his first auto.
The vehicle in the photo was confirmed to be Elon Musk's very first auto, a 1978 BMW 320i, for which he paid $1,400 in 1994 shortly before he enrolled at Stanford University to begin his doctoral study in applied physics and material sciences, CNBC reported in 2017.
"Couldn't afford to pay for repairs, so I fixed nearly everything on that auto from parts in the junkyard", Elon Musk, now twice the age, commented under the old photo. "Yes, the 1978 320i I bought in 1993 for $ 1400".
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Tesla's plan to spend $2 billion-$2.5 billion in the first half of 2017 in capital expenditures ahead of the July Model 3 launch left little cushion with $3.39 billion on the books in cash and cash equivalents at the end of 2016. The billionaire CEO also revealed that how he didn't enough money to pay for repairs and he fixed it himself. "I couldn't afford to pay for repairs, so I repaired the vehicle from parts of the junkyard". Ironically, that's me replacing broken side window glass. The circle is complete, "Musk replied to his mother's tweet". However, the window did break when a Tesla executive threw something at it and hence Musk pointing out the irony in the picture.
The decision to move the factory of German soil was justified by Elon Musk, who said some of the best cars in the world come from Germany. Got a replacement from junkyard.