Bugatti automobiles may be the most exclusive in the world of automobiles. The business makes automobiles with 1,578 horsepower that cost about $6 million each and are unlike anything else on the road.
They have an odd W16 engine arrangement, hold almost all top-speed records, and even among supercars, they steal the show. However, as Bugatti researches an all-electric future, the company’s ownership has changed, with a 35-year-old Croatian engineer now controlling a sizable portion of the business.
Is Bugatti Owned by Elon Musk?
Many people believe Elon Musk has a Bugatti. But he’s too preoccupied with Space X, Tesla, and Twitter to have time for another odd exotic automobile business. Mate Rimac, a brilliant businessman of his own who is only 35, contrasts this.
A remarkable article on Rimac in The Guardian claims that at the age of 17, he already held two patents. He decided to turn an old BMW into an electric vehicle after racing it locally.
Then he was asked to build an electric hypercar by a member of the Abu Dhabi royal family, which he completed. The 2011 Frankfurt auto show was a big draw thanks to that vehicle.
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Tate made fun of Greta Thunberg in a video that was shared on Twitter in December. He unintentionally revealed his location on the video by displaying a pizza box. Consequently, the South African millionaire tweeted a pizza-related comment after being detained.
Sometimes it’s just better to make pizza at home
— Elon Musk (@elonmusk) December 31, 2022
Musk stated on Twitter that making pizza at home is sometimes preferable. Even though the Tesla CEO made no specific mention of Tate, it is obvious that he was addressing the self-described men’s influencer. Additionally, the tweet was sent out not long after the arrest.
Who is the Real Owner of Bugatti?
It will take some time to clarify who owns Bugatti, as is typical with large corporations. Volkswagen Group saved Bugatti in the 1990s and assisted in the production of the brand’s first hypercar, the Veyron EB 16.4 in 2005.
But in July 2021, Volkswagen agreed to sell the business to Rimac Automobili, a partnership between Porsche and the Croatian supercar maker Rimac. The Independent newspaper claims that Rimac owns 55% of the business. Porsche currently owns 45% of Bugatti’s shares.
Porsche also owns 24% of Rimac, and this is where the arrangement becomes complex. Hyundai owns 12%, and Mate Rimac, the company’s creator, owns 37%. Investors hold the remaining 27% of Rimac’s shares. Porsche now has partial control over more than 50% of Bugatti.
What is Rimac, and What Does It Make?
Later, Rimac founded Rimac Group, which today produces the fastest production car in the world. If you haven’t heard of it in the United States, we won’t be shocked. Fans of the British auto TV program “Top Gear” winced when Richard Hammond crashed a $1 million Rimac Concept on the program even though the cars haven’t yet been sold here.
Mate Rimac and Hammond discuss the collision and the vehicle in the video up above. The vehicles made by Rimac are outrageously speedy, pricey, and high-end. A Familiar Sound? Rimac has grown the business from just a few employees to 1,600 during the past ten years.
Rimac’s Nevara automobiles sell for $2.2 million, so getting one is a fantastic idea. Rimac set a 150-car production cap. However, many other vehicles, including Porsches, are incorporating Rimac’s technology.
However, the Rimac Nevera has a sub-2.0-second zero to 60 mph time and 1,887 horsepower. The range is 205 miles as well.