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What cars did Elon Musk drive before Tesla?

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Musk’s first car was a 1978 BMW 320i that he bought in 1994 for $1,400. It was a fixer upper according to the now Tesla CEO which he drove for two years. One day, he loaned it to a colleague who phoned a short time later to say one of the wheels had literally fallen off the car, leaving a deep gouge in the pavement. Musk junked the car.

The next car would be a 1967 Series I Jaguar XK-E inspired by a book on exotic cars which he received as a present at 17 years of age. The Jaguar caught his eye and he promised himself that one day he would buy one as soon as he could afford to. He and his brother Kimbal Musk had co-founded their first company called Zip2 at the time. When Musk received his first dividend check for $40,000 from the company, sure enough it went straight to buying a Jaguar. And why not? Enzo Ferrari once proclaimed the XX-E the most beautiful production car ever made.

“That one was like a bad girlfriend. It kept breaking down on me and causing me all sorts of trouble”, Musk once said.

Soon after, Elon would be catapulted to Silicon Valley stardom after cashing out of PayPal. What followed would be the purchase of the ultimate tech entrepreneur status symbol, the McLaren F1. “I had it for several years and I put 11,000 miles on it and I drove it from LA to San Francisco. I had it as a daily driver,” Musk said in a interview with Pando Daily.

Elon Musk bought a McLaren F1 in 2000

He would ultimately total the McLaren one day while driving with serial investor Peter Thiel to go chat up Michael Moritz, a venture capitalist with Sequoia Capital. “Peter said ‘so what can this do’ and like probably number one on the list of famous last words I said ‘watch this.’ So I floored it and did a lane change on Sand Hill,” a road in Menlo Park. In a heartbeat, the car went up an embankment, landed on its roof and tore all four wheels off the car. The F1 was a total loss. To make matters worse, the million dollar F1 wasn’t insured.

McLaren F1 after crash

Image credit: YouTube/Beijing Satellite TV via Business Insider

Following the purchases of a BMW M5 in 2007 and a Porsche 911 in 2012, the Tesla CEO would also buy the famous Lotus Esprit S1 used in the movie The Spy Who Loved Me. This would become the inspiration to Tesla’s James Bond easter egg found in the Model S and Model X.

Musk bought the movie prop in 2013 at an auction in London for $886,000. “It was amazing as a little kid in South Africa to watch James Bond in ‘The Spy Who Loved Me’ drive his Lotus Esprit off a pier, press a button and have it transform into a submarine underwater,” he told the Huffington Post.

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“I was disappointed to learn that it can’t actually transform. What I’m going to do is upgrade it with a Tesla electric powertrain and try to make it transform for real,” he says. This would explain Elon’s tweet after a video surfaced showing a Model S driving through a flooded tunnel.

Elon Musk bought a Lotus Esprit S1

Image credit: AP/ Lefteris Pitarakis

However, the car that most directly influenced an actual Tesla automobile is the Audi Q7 SUV that Musk owns in present day. It was the inspiration for the falcon wing doors on the Model X. Musk says he wanted to make a car with doors that could open in tight spaces. He also wanted to be able to access the third row seats without folding the second row seats forward.

“The Audi Q7 is particularly horrendous,” he told Forbes during an interview in 2012. “Even in the best case scenario, you need to be a dwarf mountain climber to get into the back seat.”

Audi Q7

Image credit: Audi

That makes a total of 7 cars Elon Musk has owned and every one of them has been performance oriented. Maybe that’s where the fascination with Teslas that can scoot to 60 mph in under 3 seconds comes from.

Source: Business Insider

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Elon Musk calls Earth’s data centers “peanuts” next to what SpaceX is planning in orbit

Elon Musk says SpaceX capex efficiency is underestimated as orbital data centers loom by 2028.

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Elon Musk is pushing back on one of the biggest worries hanging over SpaceX stock. In a reply on X on Sunday, Musk said the company’s capital expenditure efficiency is severely underestimated. He was responding to a Milk Road Stocks post citing analyst Kyle Reidhead, who estimates SpaceX will need to spend roughly $470 billion over the next five quarters.

Reidhead built that figure around the target SpaceX set on its third quarter earnings call: 13 gigawatts or more of compute by the end of 2027. In his breakdown, Nvidia captures 83 to 89 percent of the spending. SpaceX ended the quarter with 1.7 GW of nameplate compute and guided to $35 billion to $40 billion in fourth quarter capex, as Teslarati reported.

Musk did not attach a number to his claim, but the earnings call shows the argument. CFO Bret Johnsen said new compute currently pays for itself in under a year at today’s pricing, and Musk said that window could shrink to six months next year. Using that pace, Reidhead argues about $230 billion of the $470 billion could come from operating cash flow and about $60 billion from SpaceX’s roughly $90 billion cash pile, leaving around $180 billion to borrow. Musk confirmed last week that SpaceX had already closed a new $40 billion debt raise to buy GPUs.

The ground buildout is not the end goal. It is what is meant to pay for the move to orbit. Replying on Friday to charts built from Sequoia partner Shaun Maguire’s SpaceX model, Musk wrote that “Terrestrial compute will be peanuts compared to orbital compute,” adding that orbital compute deployed per month “probably exceeds terrestrial around the end of 2028 and then far exceeds it in 2029.”

Maguire’s model shows how steep that path is. It has capex climbing from $88 billion this year to $290 billion in 2027 and $369 billion in 2028, with SpaceX burning $77.8 billion in cash this year and $122.6 billion next year before turning $114.9 billion cash positive in 2028. Musk’s response to the model was, “I think we can do better.”

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The orbital half runs through Starmind. SpaceX plans to operate up to 1 million AI satellites flying in clusters of about 10, linked by roughly 10 terabits of bandwidth, with deployment of thousands of units starting as soon as late 2027 out of its Gigasat factory in Bastrop, Texas, according to SpaceX’s space safety page. Musk has said each Starmind spacecraft will carry more than 250 kW of solar power.

Getting there depends on launch volume. Maguire’s model assumes 250 Starship flights in 2028, up from two this year and 38 next year. The nearer test is financial: SpaceX guided to $33 billion to $37 billion in first quarter 2027 revenue, more than double the $14.58 billion it booked in Q3, and Musk reposted that guidance again on Sunday morning.

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SpaceX President to gift Trump Accounts her SpaceX stock

Gwynne Shotwell’s 2 million SpaceX shares are headed to children’s Trump Accounts starting this December.

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Concept rendering of SpaceX President Gwynne Shotwell overlooks the company’s Hawthorne, California headquarters as an American flag flies over the campus at sunset.

SpaceX President Gwynne Shotwell said Friday that more than 2 million SpaceX shares belonging to her and her husband, Robert, will be distributed to children’s Trump Accounts in December, turning a pledge she made over the summer into an actual transfer. “Robert and I are thrilled that our gift of over 2 million shares of SpaceX stock will be distributed to children’s Trump accounts in December!” Shotwell wrote on X, adding that the shares are “transferring to escrow as we speak.”

The first round goes to children aged 11 to 17 who live in ZIP codes where the median family income is $57,000 or less, along with kids in ZIP codes with too few residents for the Census to report that figure. Shotwell said those families should receive a notice by Monday, Reuters reported.

A second gift is expected to be finalized in the next few weeks. That round will cover eligible children in military families serving overseas, children in foster care, and more kids in Texas counties near the Shotwells’ home where median family income is $90,000 or less. Elon Musk replied to the announcement with “Cool” and a heart emoji.

Shotwell first announced the donation on July 6, less than a month after SpaceX priced its record IPO at $135 per share on the Nasdaq. IPO filings showed Shotwell owned about 12.6 million SpaceX shares, Quartz reported at the time, which makes the gift roughly one sixth of her stake. At the roughly $146 per share used to value Musk’s own pledge earlier this month, 2 million shares are worth about $290 million.

How the stock would actually reach the accounts had been an open question since July. Treasury guidance acknowledged that stock donations could flow into Trump Accounts, but it did not explain the mechanics for a program whose contributions default into an S&P 500 index fund. Shotwell thanked the Treasury, the IRS, the Dell Foundation, Greater Horizons, Invest America and the law firms Morgan Lewis and Gibson Dunn for “working over the past few months to make this happen.”

The transfer also works as a dry run for a far larger gift. On October 19, Musk said he would give one of his SpaceX shares to every kid in America next year and called it “the first of many.” With roughly 72 million children in the country, that pledge is worth about $10.5 billion. President Donald Trump thanked Musk the same day and said the shares would go through Trump Accounts, though neither SpaceX nor the Treasury has published how or when that distribution will happen.

Shotwell’s recipients also fill a gap in the program itself. Trump Accounts launched on July 4, and the $1,000 Treasury deposit only goes to babies born between 2025 and 2028. Teenagers aged 11 to 17 receive no government seed money, so for many of the families getting a notice on Monday, SpaceX stock will be the first asset in the account. The accounts convert into retirement accounts when the child turns 18.

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Tesla Full Self-Driving becomes main pillar of new Referral Program

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Credit: Tesla

Tesla Full Self-Driving is now the centerpiece of the company’s newly revised Referral Program, which launched on October 29.

Instead of referring people to purchase vehicles and the referrer receiving $250 in Tesla Credit, the new program now incentivizes Full Self-Driving subscriptions.

If a Tesla owner is on an FSD trial and uses a referral code to subscribe to Full Self-Driving, the person whose Referral Link was used will receive one month of FSD (Supervised). Their code can be utilized 12 times per year, with January 1 marking the reset date.

Realistically, this means that if your Referral Code is used by 12 Tesla owners on an FSD trial, you will receive a full year of FSD for free.

The previous program made it pretty difficult to get referrals; buying a vehicle is obviously a much larger financial strain than subscribing to Full Self-Driving for a month.

Of course, the previous Referral Program also offered a tangible benefit: $250 in credits you could use on Service, Supercharging, or anything in the Tesla Shop. It truly could pay for someone’s travel for a year. It recently bought me a new backpack and a T-shirt.

However, this new program is much more attainable for those who do not have a massive online presence of a slew of friends in the Tesla community who will use the code and max out subscriptions for vehicle purchases.

The Full Self-Driving suite will now be the keystone of the Referral Program, which makes it more inclusive and more fun for everyone with an awesome benefit.

It also gives the impression that Tesla is truly focused on FSD subscriptions, something that saw a tremendous increase in volume in Q3, as 75 percent of deliveries for the quarter came with an FSD subscription attached.

Full Self-Driving data is so instrumental to the suite’s improvement that this kind of program benefits Tesla as much as it does the consumer.

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