Elon Musk paid $11 million to purchase the domain name Tesla.com

Elon Musk, co-founder and CEO of Tesla, revealed today the purchase price of the domain name Tesla.com. He paid $11 million to buy Tesla.com in February 2016 from its previous owner.

The purchase price was not known until today.

The domain name Tesla.com was owned by a Stuart Grossman of California since at least the year 2002 and possibly since 1992.

Tesla had been using the domain name TeslaMotors.com before the purchase of Tesla.com.

At first Elon Musk replied to a tweet by “60 Minutes” before revealing the $11 million purchase price:

He then said that “Buying took over a decade, $11M & amazing amount of effort. Didn’t like even when we were only making (cars).”

 

Elon Musk also talked about some some trademark problems he had back in 2004:

Update: Read here a few important observations about the Tesla.com sale.

Sold.Domains

About Konstantinos Zournas

Konstantinos studied Computer Engineering and Computer Science in London and lives in Athens, Greece. He loves domains and building websites. He is online since 1995, learned about html in 1996 and got into domains in 2002. He started the OnlineDomain.com blog in 2012.

8 comments

  1. That’s great amount for the seller. Definitely life changer!
    Thanks for sharing Konstantinos 🙂

  2. Stuart Grossman is he an individual domain investor or was there any product he was selling on it?

  3. Thanks for sharing Kostantinos.If your name is short and brandable.Dont sell cheap or too fast.Someone is watching and likes it if its .com.

  4. Well at least he is courteous enough to buy it rather than steal it like most low class companies
    I have lots of tesla stock
    The blueprint of Tesla motor is open source….amazing

  5. $11 million is cheap when you consider the deal could have included stock. For example, the original guy behind cool.com turned down $8 million in cash plus $30 million in stock.

  6. All .Com names will eventually be selling for high prices like this. The .crapollas will all soon be .gone

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