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Elon Musk looks to take a bite out of George Clooney’s side business

George Clooney and Rande Gerber, founders of Casamigos Tequila. (Credit: Casamigos.com)

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Tesla’s Elon Musk and Hollywood’s George Clooney have several things in common: successful, wealthy, and soon, they could both be seasoned tequila business owners.

Musk indicated that the electric automaker’s first spirit, dubbed Teslaquila, would be coming soon. If Tesla manages to release a line of tequila products into the market, it would be an unforeseen occurrence of a company that’s looking to engrain itself in sustainable transportation, energy supply, and, soon, alcoholic beverage industries.

Actor, producer, and director George Clooney entered into the tequila sector with his brand Casamigos in 2013. Going into business with two friends, each investing $600,000 to launch a line of fine Tequilas for themselves and close associates, Clooney had no intention of making the spirit for public consumption. However, this would soon change in 2017 when the Tequila company, “founded by accident”, sold for up to $1 billion to British beverage alcohol company Diageo.

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Elon Musk wants a piece of this Tequila-flavored pie and there might be a story behind why. With a loyal following of die-hard enthusiasts that will seemingly support any and all ideas by the serial entrepreneur,  Teslaquila has a golden ticket for success and poised to take a bite out of Clooney’s Casamigos market share.

While Musk’s sudden entry into the Tequila business may sound as bizarre as they come, there could be some motivation behind it, and it could have to do with his relationship with Clooney. One that started in 2008 and involved Tesla’s first-ever electric car: Roadster.

Clooney once gloated about being one of the first supporters of the Tesla Roadster, only to change his tune years later by criticizing the all-electric vehicle on its reliability and performance.

In a now-removed interview with EsquireClooney said, “I think I was, like, number five on the list. But I’m telling you, I’ve been on the side of the road a while in that thing. And I said to them, ‘Look, guys, why am I always stuck on the side of the f***ing road? Make it work, one way or another.’”

Musk was vocal with his discontent on Clooney’s opinions, especially considering the interview and comments were made five years after the vehicle was manufactured. The Tesla CEO chimed back on Twitter after reading the Esquire interview.

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“In other news, George Clooney reports that his iPhone 1 had a bug back in ’07,” the South African CEO jokingly said on Twitter.

Since then, the two men have not had any public interactions. In the seven years since the small exchange, Tesla has grown from an automotive startup to one of the most valuable companies in the world, while Clooney has pivoted from Hollywood films to become best known for his political and economic activism.

Musk’s small electric car company has quickly become one of the most celebrated companies, and its unlikely beginnings that were plagued with growing pains has grown into an international sensation. Nobody said Musk or Tesla could do what they have done, and the world’s tequila enthusiasts will likely say the same. But if George Clooney could grow a once-privatized brand of tequila into a worldwide powerhouse, who is to say Musk can’t do the same with his “Teslaquila?

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Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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Tesla Board Chair discusses what is being done to protect CEO Elon Musk

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Credit: xAI

Tesla Board Chair Robyn Denholm met with Bloomberg this morning to discuss a variety of topics, but perhaps one of the most interesting was her comments on what is being done to protect company CEO Elon Musk.

After the assassination of right-wing political commentator Charlie Kirk this week, there have been concerns about Musk’s safety, as well as that of other high-profile business leaders and political figures.

Earlier this week, Musk said himself that his security detail would be increased significantly following Kirk’s death, a move that many investors and fans of the company had requested because of political violence.

Elon Musk assures Tesla investors he will enhance his security detail

“Definitely need to enhance security,” Musk said. Tesla spent $3.3 million on Musk’s security in 2024 and January and February 2025. For reference, Meta spent over $27 million on Mark Zuckerberg’s security last year, which is higher than any other tech CEO.

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During Denholm’s appearance on Bloomberg TV earlier today, she stated that the company has been focused on Musk’s security detail for “many years,” especially considering he is one of the richest people on Earth and holds an incredible amount of influence.

“It is something that we take very seriously; he takes it very seriously as well. So, again, from a board perspective, it is something we’ve discussed at length,” Denholm said.

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Denholm added that she believes “there is not anyone in a boardroom that is not touched by what has happened with Charlie Kirk.”

Although Musk’s political involvement has toned down significantly in the past, he still has enemies, especially based on groups that oppose him and the company specifically. Based on this week’s events, it feels that increased security is a necessary expense Tesla must account for.

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Investor's Corner

Tesla bear turns bullish for two reasons as stock continues boost

“I think from a trading perspective, it looks very interesting,” Nathan said, citing numerous signs of strength, such as holding its 200-day moving average and holding against its resistance level.

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Credit: Tesla Manufacturing

A Tesla bear is changing his tune, turning bullish for two reasons as the company’s stock has continued to get a boost over the past month.

Dan Nathan, a notorious skeptic of Tesla shares, said he is changing his tune, at least in the short term, on the company’s stock because of “technicals and sentiment,” believing the company is on track for a strong Q3, but also an investment story that will slowly veer away from its automotive business.

“I think from a trading perspective, it looks very interesting,” Nathan said, citing numerous signs of strength, such as holding its 200-day moving average and holding against its resistance level.

He also said he believes a rally for the stock could continue as it heads into the end of the quarter, especially as the $7,500 electric vehicle tax credit is coming to an end at the end of the month.

With that being said, he believes the consensus for Q3 deliveries is “probably low,” as he believes Wall Street is likely underestimating what Tesla will bring to the table on October 1 or 2 when it reports numbers for the quarter.

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Tesla shares are already up over five percent today, with gains exceeding nine percent over the past five trading days, and more than fourteen percent in the past month.

While some analysts are looking at the performance of other Mag 7 stocks, movement on rates from the Federal Reserve, and other broader market factors as reasoning for Tesla’s strong performance, it appears some movement could be related to the company’s recent developments instead.

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Over the past week, Tesla has made some strides in its Robotaxi program, including a new license to test the platform in the State of Nevada, which we reported on.

Tesla lands regulatory green light for Robotaxi testing in new state

Additionally, the company is riding the tails of the end of the EV tax credit, as inventory, both new and used, is running extremely low, generally speaking. Many markets do not have any vehicles to purchase as of right now, making delivery by September 30 extremely difficult.

However, there has been some adjustments to the guidelines by the IRS, which can be read here:

Tesla set to win big after IRS adjusts EV tax credit rules

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Tesla is trading at around $389 at 10:56 a.m. on the East Coast.

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Tesla lands regulatory green light for Robotaxi testing in new state

This will be the third state in total where Tesla is operating Robotaxi, following Austin and California.

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Credit: Tesla

Tesla has landed a regulatory green light to test its Robotaxi platform in a new state, less than three months after the ride-hailing service launched in Texas.

Tesla first launched its driverless Robotaxi suite in Austin, Texas, back on June 22. Initially offering rides to a small group of people, Tesla kept things limited, but this was not to be the mentality for very long.

It continued to expand the rider population, the service area, and the vehicle fleet in Austin.

The company also launched rides in the Bay Area, but it does use a person in the driver’s seat to maintain safety. In Austin, the “Safety Monitor” is present in the passenger’s seat during local rides, and in the driver’s seat for routes that involve highway driving.

Tesla is currently testing the Robotaxi platform in other states. We reported that it was testing in Tempe, Arizona, as validation vehicles are traveling around the city in preparation for Robotaxi.

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Tesla looks to make a big splash with Robotaxi in a new market

Tesla is also hoping to launch in Florida and New York, as job postings have shown the company’s intention to operate there.

However, it appears it will launch in Nevada before those states, as the company submitted its application to obtain a Testing Registry certification on September 3. It was processed by the state’s Department of Motor Vehicles Office of Business Licensing on September 10.

It will then need to self-certify for operations, essentially meaning they will need to comply with various state requirements.

This will be the third state in total where Tesla is operating Robotaxi, following Austin and California.

CEO Elon Musk has stated that he believes Robotaxi will be available to at least half of the U.S. population by the end of the year. Geographically, Tesla will need to make incredible strides over the final four months of the year to achieve this.

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