However, Musk, who was under pressure from his lawyers and investors of Tesla, reached a deal with the SEC and stepped aside as chairman for three years, along with a $20 million fine. The online store, which is still active, is selling tote bags, bathing suits, T-shirts and coffee mugs with ‘Team Elon’ printed on them.
A tote bag can be bought for $32, and a T-shirt for $26. A tumbler is selling for $35.
The 'Team Elon' shoulder tote bag is priced at $32.00 (Image: team-elon.com) It remains unknown who started the shop, or how the funds made from selling the products will help the billionaire.
The founder’s description for the site says they want to “help Elon Musk with this preposterous SEC filing against him”. “By purchasing these products, we vow to spread the word, to rise up and shout for what is right! As citizens of planet earth, we must show our support for innovation, for attempting to create a positive future, and for our fearless change agent of the world, Elon Musk,” the shop description says.
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The SEC filed charges against Musk, claiming the Tesla CEO made “false and misleading statement s” about Tesla in August, when he told his followers his plan to take his electric-car company private at $420 a share.
Million-Dollar Babies Of The Mega-Rich: Far Out Projects Of Lakshmi Mittal, Elon Musk
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With a net worth of $112 billion, the world’s richest man, Jeff Bezos, is building a 500-feet tall clock inside a West Texas mountain. The timepiece will tick once a year — for the next 10,000 years. A look at grand projects that other deep-pocketed bigwigs have taken on.
With a net worth of $112 billion, the world’s richest man, Jeff Bezos, is building a 500-feet tall clock inside a West Texas mountain. The timepiece will tick once a year — for the next 10,000 years...
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The ArcelorMittal Orbit Cost: £22.7 million ($31.5 million approx)
ArcelorMittal CEO Lakshmi Mittal commissioned the ArcelorMittal Orbit as a symbol and legacy of the 2012 London Olympic and Paralympic Games. Made of 265 double-decker buses worth of steel, the Orbit has 35,000 bolts and provides spectacular 20-mile views of the Queen Elizabeth Olympic Park and London. Designed by Sir Anish Kapoor and Cecil Balmond, the Orbit also has the distinction of being the UK’s tallest sculpture.
The ArcelorMittal Orbit
Cost: £22.7 million ($31.5 million approx)
ArcelorMittal CEO Lakshmi Mittal commissioned the ArcelorMittal Orbit as a symbol and legacy of the 2012 London Olympic and Paralym..
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Museo Soumaya Cost: $70 million
The Mexican business magnate Carlos Slim founded Museo Soumaya as a civic gift to Mexico City. The museum, which is named after Slim’s late wife Soumaya who passed away in 1999, opened on March 28, 2011. The museum is said to contain over 66,000 pieces of art spanning many centuries. It has been reported that the total value of art in the museum is around $700 million and cost a $70 million to build.
Museo Soumaya
Cost: $70 million
The Mexican business magnate Carlos Slim founded Museo Soumaya as a civic gift to Mexico City. The museum, which is named after Slim’s late wife Soumaya who passed aw..
The late Texas oil billionaire George P Mitchell, left, (with wife Cynthia) was a well-known philanthropist. He is credited with pioneering shale-drilling techniques. In 2011, he donated $25 million towards the construction of Giant Magellan Telescope (GMT), which is being built in Chile’s Atacama Desert and is expected to be complete by 2024. Upon completion, the telescope is set to be the largest optical observatory in the world and have a resolving power that is 10 times greater than that of Hubble Space Telescope, one of the largest space telescopes ever.
(Image: www.cgmf.org)
Giant Magellan Telescope
Cost: $1 billion (estimated)
The late Texas oil billionaire George P Mitchell, left, (with wife Cynthia) was a well-known philanthropist. He is credited with pioneering shal..
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Schmidt Ocean Institute Cost: $60 million
The Schmidt Ocean Institute is a non-profit foundation founded in 2009 by Google’s former executive chairman Eric Schmidt (left). The couple is said to have decided to establish the institute after Wendy’s first scuba dive in 2009 in the Caribbean’s Grenadine Islands. The couple donated $100 million to set up the institute, which uses a 272-footlcong ship to achieve its mission to “advance the frontiers of ocean research and exploration”.
(Image: Twitter)
Schmidt Ocean Institute
Cost: $60 million
The Schmidt Ocean Institute is a non-profit foundation founded in 2009 by Google’s former executive chairman Eric Schmidt (left). The couple is said to have..
Has Donald Trump turned the White House into a Tesla showroom to save Elon Musk’s ‘baby’? President spotted browsing models with price sheet in hand
