Elon Musk had to pay dearly for the name ‘Tesla’

Tesla could have been called “Faraday” if Elon Musk hadn’t managed to convince the owner of the name “Tesla” to give it to him.

Everyone now knows the name of Tesla, this ever-growing electric car manufacturer. A brand founded in 2003 by Martin Eberhard, at a time when Elon Musk was not yet the big boss. And in a video interview visible below, Elon Musk tells how the name of Tesla could be registered.

It turns out that the company name “Tesla” was already being used by someone in Sacramento who didn’t want to give it up. According to Elon Musk, it was therefore necessary to send someone to this person to negotiate with him the use of the name. He finally agreed to sell it for $75,000 anyway.

Faraday, the alternative name

If this name of Tesla had not been able to obtain, Elon Musk says that he might have chosen the name of Faraday, the inventor of the electric motor. The irony of the situation is that the Faraday Future brand exists and even wants to compete with Tesla.

Leave a Comment