Billionaire Elon Musk Giving $1M to Tesla Museum
SHOREHAM, N.Y. — The billionaire owner of Tesla Motors is giving $1 million to a New York museum dedicated to preserving the legacy of the inventor who inspired its name, reported The Detroit News.
The Tesla Science Center announced Elon Musk’s donation on what would have been Nikola Tesla’s 158th birthday.
The museum said Thursday that Musk will also install a Tesla supercharging station.
The museum is being built on the 16-acre site of Tesla’s Wardenclyffe laboratory in Shoreham, Long Island. The Serbian scientist began an unfinished project there to send messages and electricity around the world wirelessly.
Tesla is known for his work with alternating current and experiments with X-rays.
Musk co-founded PayPal and also runs space contractor SpaceX. His donation comes after a request from Tesla fan and museum backer Matthew Inman of TheOatmeal.com.
More Industry
Penske Auto Group Deal a Record
The deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.
Read More →
War Toll a Damper on Used Auto Prices
Cox Automotive found wholesale depreciation to be elevated in September amid high fuel prices and this year's unusual hurricane season.
Read More →
Bridge the Maintenance Gap
With many drivers missing recommended maintenance, service departments offering transparency and efficiency have a better chance of reaching financially strained consumers.
Read More →
California Store Has New Owner
The longtime dealership in the northern part of the state is known for robust fleet sales and has served the state capital for 115 years.
Read More →
BMW Plant Pursues Cleaner Energy
BMW Group Plant Leipzig has utilized hydrogen to help power its production since 2013, but a new pipeline is planned to take it to another level.
Read More →
Auto Affordability Inches Up
The latest Cox Automotive and Moody’s Analytics index shows a slight increase in new-vehicle affordability despite high prices.
Read More →
Ohio Auto Group Under New Ownership
After 79 years with the Schluter family, Mansfield Auto Group has been acquired by Missouri-based Clement Auto Group.
Read More →
RV Group Expands Carolina Footprint
Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.
Read More →
Agent Acumen
An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.
Read More →
Missed Maintenance Creates Opportunity
As families get back on the road and into daily school routines, service drives have an opportunity to capture customers who are behind on recommended vehicle maintenance.
Read More →