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Alternate name for Tesla was ‘Faraday’: Musk on how the company bought its name

 

 

Tesla CEO Elon Musk responded to a Twitter user who shared a video of Musk revealing he bought the company’s name, which was already owned by a firm in US’ Sacramento, for $75,000. “The top alternate name, if we couldn’t acquire the Tesla Motors trademark, was Faraday, which a competitor ended up using,” Musk said.

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