The reason why Elon Musk's Tesla Motors will never make motorcycles

At the age of 25, Elon Musk along with his younger brother Kimbal founded Zip2, a company which provided online city guide software to newspapers. Call it the Google Maps of the late 90s. Musk sold the company to Compaq Computer in 1999, four years after it was founded for $307 million. Musk personally netted $22 million from the acquisition.

Tuesday's Tesla shareholder meeting saw some questions answered and speculations put to rest by Tesla cofounder and CEO Elon Musk and his team. Musk revealed he has no plans of venturing into electric motorcycles manufacturing business.

Currently, Tesla is the leading electric car maker company. However, when one of the shareholders asked about the company's take on E-motorcycle, Elon straightaway shared his disinterest in that direction. He clarified that when he was younger; he had an almost near-death accident with a truck while he was riding his motorcycle.

Prior to the accident, Musk and his brother were quite enthusiastic about motorcycles, and rode them for nearly eight years. He said, "I had a road bike until I was 17 and was almost killed by a truck. So we’re not going to do motorcycles."

As battery technology evolves, manufacturing an electric bike won't be that big a task. Several auto players are expected to jump on the electric vehicles bandwagon and from the looks of it Tesla is unlikely to be one.

With Tesla backing out of competition for now, Harley Davidson is the sole company to venture into electric motorcycle business. In the end, will it consumer's loss than the company's to not have an electric motorcycle from Tesla? Only time will tell.