Elon Musk Says He Was Considering Another Name for Tesla Used by Competitor

Today, our friends at Tesla Silicon Valley Club on Twitter shared an old interview with Tesla CEO Elon Musk in which he talks about the name Tesla Motors and how he acquired that name for his electric vehicle company.

In that interview, the link of which I will share in the description of this video Elon Musk tells a reporter that he didn’t come up with the name Tesla Motors. He sent the nicest guy in the company to go sit in front of the house of guy’s house who owned the name to buy it. Eventually the guy sold it to Elon Musk for 75,000.
The guy in Sacramento didn't just own the name, he founded the company. Tesla's Wikipedia page reads, "Founded in July 2003 by Martin Eberhard and Marc Tarpenning as Tesla Motors."

Most of you probably know this story, but what was new, was the alternative name for Tesla, which Musk himself revealed just an hour ago on Twitter, commenting under Tesla Silicon Valley Club’s tweet.

Musk said, “Haha true! The top alternate name, if we couldn’t acquire the Tesla Motors trademark, was Faraday, which a competitor ended up using.”

Haha true! The top alternate name, if we couldn’t acquire the Tesla Motors trademark, was Faraday, which a competitor ended up using.— Elon Musk (@elonmusk) November 6, 2021

So how is Farady Future doing these days?

Some people say it isn't doing too well right now. Others say it will be a miracle if Faraday ever ships anything and ends up staying in business long enough to support those cars.

I am looking at Faraday Futures news and I see the EV company just named a new CFO as it looks to start production. Walter McBride will serve as finance chief, succeeding Zvi Glasman, who is resigning. Also, as the company gears up for production, it's currently seeking local talent and will be hosting a job fair as it ramps up for production. The job fair will run from 4:30 to 7:30 p.m. on Nov. 10 at the Hanford Civic Auditorium in Hanford California.

So, why would Elon Musk want to use Faraday as an alternative name for Tesla Motors? It’s because Michael Faraday FRS was an English scientist from the 19th century who contributed to the study of electromagnetism and electrochemistry. His main discoveries include the principles underlying electromagnetic induction, diamagnetism and electrolysis.

Armen Hareyan is the founder and the Editor in Chief of Torque News. He founded TorqueNews.com in 2010, which since then has been publishing expert news and analysis about the automotive industry. He can be reached at Torque News Twitter, Facebok, Linkedin and Youtube.

Image source: Screenshot from this tweet.