Elon Musk's Former McLaren F1 That He Once Crashed Wows At Goodwood Festival Of Speed
Portfolio Pulse from Anan Ashraf
A 1997 McLaren F1 car, once owned by Tesla Inc. (NASDAQ:TSLA) owner Elon Musk, is on display at the Goodwood Festival of Speed. Musk bought the car in 1999 for $1 million and sold it in 2007. The car is now worth approximately $20 million.
July 15, 2023 | 5:51 am
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Elon Musk's former car, a 1997 McLaren F1, is on display at the Goodwood Festival of Speed. The car, which Musk bought for $1 million in 1999 and sold in 2007, is now worth approximately $20 million.
The news is about a car previously owned by Elon Musk, the CEO of Tesla, being displayed at a festival. While this is interesting, it does not directly impact Tesla's operations or financial performance. Therefore, the short-term impact on Tesla's stock is neutral.
CONFIDENCE 100
IMPORTANCE 20
RELEVANCE 50