The Automobile Industry is one of the giants in the global economy. It has been around forever and has gone through its fair share of changes and innovations over the years, however, one of the most influential and sustainable innovations is that of Electric Vehicles.
And although this concept floated since its invention by Robert Anderson in 1832, it was put into the mainstream spotlight by Tesla in 2008 with its first Electric Car, the Tesla Roadster. No major company thought of taking up this concept before it was in many ways made cool by Tesla despite it being incredibly sustainable and way ahead of its time.
Many experts in the industry have speculated about the EV Concept and as a result, Automobile Industry as a whole would not have been such a hot topic if Tesla was not the driving force behind it.
Although Tesla has not seen a profitable year yet, it has had many profitable quarters and sticks to its vision of making Electric Vehicles affordable for almost everyone.
On 1 July 2020, exactly 17 years after its incorporation, Tesla became the world’s most valuable automaker with a market capitalization of $206 Billion, surpassing Toyota. But how did Tesla start? Who was behind it? What makes this futuristic company different from the rest? Where will it be after 10 years? Let us find the answer to these questions.
The founders of Tesla- Martin Eberhard and Marc Tarpenning
Originally known as Tesla Motors, Tesla was co-founded and incorporated on 1 July 2003 by Martin Eberhard and Marc Tarpenning. The influence behind Tesla was GM’s failed attempt at EVs in 2003 despite the vast potential and high efficiency of battery electric cars.
The third employee was Tom Wright and in February 2004, Elon Musk whose name today is almost synonymous with Tesla contributed $6.5 Million and became the chairman of the BOD. Martin Eberhard was appointed as the CEO and JB Straubel joined in May 2004. After a lawsuit settlement in September 2009, all three original employees can call themselves co-founders.
Tesla’s initial goal was to start the production of premium sports cars for early adopters and after securing a respectable customer base, move into the mainstream vehicles like sedans, Trucks, and luxury cars. The first car produced by Tesla was the Roadster in 2008.
Musk’s Four Round Investments
Elon Musk- the current CEO and the largest investor in Tesla
First Round
The Series A Investment in February 2004 included Company Technology partners along with different ventures and private investors.
Second Round
The second round investment was worth $13 Million and it included the addition of Valor Equity Partners to the funding team.
Third Round
The third round investment was co-led by Musk and various technology partners. It consisted of $40 million in May 2006 along with Tech Partners. This round also included investments from Google, and eBay among others.
Fourth Round
The fourth round of investment included another $45 Million in internal investment and the total investment went up to $105 million through private financing.
Marketplace and Stocks of Tesla
Tesla launched its initial public offering (IPO) on NASDAQ, the second American car company after Ford Motor Company to do so.
Tesla became the world’s second most valuable automaker with a market capitalization of $104 Billion and on 1st July 2020 the most valuable by reaching the milestone of $202 Billion.
Despite the above milestones, Tesla has not seen an overall profit in any financial year. At the end of 2019, it posted a loss of $862 Million on revenue of $24.6 Billion.
However, this fact is often overlooked as Tesla leans towards a societal concept rather than a profit-making one.
Different Strategies Implemented by Tesla
Business Strategy
Tesla follows a typical business strategy like the technological sector, i.e, targeting early adopters with a high price and gradually lowering the price as they move on to the bigger markets. For example, Tesla’s First model, Roadster was of a lower volume and higher price compared to Model X and Model Y.
Production Strategy
Like Musk’s other projects, Tesla’s production strategy includes high degrees of Vertical Integration which is rare in the automobile industry, as companies outsource most of the components from their suppliers.
Sales and Marketing Strategy
Instead of a conventional dealer network, Tesla opts to sell its vehicles online through company-owned showrooms. It offers the customers an option to customize their desired vehicle. Tesla does not rely on a heavy advertising policy Elon Musk with his massive Twitter following is an unofficial marketing manager.
Technological Strategies
Tesla relies on heavy electrical technologies to get its production done. As a vertically integrated company, they design batteries, motors, glass, and innovative models like Autopilots.
As of 2020, Tesla sells three car models, Model S, Model X, and Model Y.
The Unveiled models include Roadster 2020 and the highly awaited Cybertruck. These products have different versions to them based on affordability. Musk said that there will be more innovative models down the road which would be more affordable than the current ones.
The Journey of Tesla to Emerge as the World’s Most Successful EV Brand
There are several car manufacturing companies found across different parts of the World. However, when we talk about Tesla, it does stand out from the rest of the companies due to the initiation of something different.
Tesla is quite popular for its EV model cars which have created a path for Tesla to emerge as the World’s most successful brand.
To achieve this tag, Tesla made every step resourceful. Tesla brand was started with a sample model featuring cars with a high cost and few models. This invention was to just ensure that myth revolving around the EV cars can find their dissolving points. For the start, Tesla manufactured just 500 units in a year and was responsible for many revolutionary programs.
The next model introduced by Tesla was about changing the manufacturing units to a greater scale and on contrary, it decreased the price of the model. This model was a great way to give head-on competition to the other luxury brand models.
Tesla also connects directly with its customers rather than depending upon the franchisee network. Tesla sells its products directly to customers and has a web-type global network to get it settled as a global brand.
Tesla mainly focuses on the customer buying experience to get more recognition from people. Several showrooms and galleries are placed at multiple locations by Tesla to have a much-organized system.
Tesla Showroom
Apart from this, Tesla has a good marketing strategy and a well-developed plan to sell its brand. Tesla also has a good financing backup and a few well-known investors. All these things make it possible for Tesla to emerge as the World’s most successful EV brand.
How Tesla Is Dominating the Ev Industry?
We can assume that Tesla is dominating the EV industry based on the fact that the EV sales of Tesla are approximate 2.3 times higher than that of other brands as per Morgan Stanley analyst Adam Jonas. The rate of growth observed by Tesla in the EV industry is almost double that of any rival brand.
If we look at the Tesla market in the US, it is safe to say that the EV market in the US is highly dominated by Tesla for years now. For that instance, the EV cars of Tesla accounted for 79% of the overall rate of new cars registered in the US during 2020 and 69.95% of the newly registered car for the year 2021.
If to believe the available facts and data, it can be estimated that Tesla will still keep on dominating the EV industry for a few more years but with the condition of increasing competition.
US Electric Vehicle Sales
Problems With Tesla Models and the Future Ahead
A 2025 Tesla Model S
Despite having an innovative approach and putting customer satisfaction ahead of profits, Tesla has come up short on various aspects.
The durability, handling, and repairs cost are some of the quality-related problems that come with a Tesla model. The repairs and maintenance costs are very high and as a result, so are the Insurance costs. Apart from this, Tesla repeatedly comes up short in meeting deadlines regarding production, but this can be attributed to their decision on Vertical Integration.
Whatever the case may be, the company fixes some of its flaws with every new model and with its futuristic.
Tesla is the first brand to introduce electric vehicles on the roads. The models designed by Tesla also stand out from others due to their characteristics. Tesla created a safe way for the EV models to run on roads and also made them available at cost-effective prices.
With its uniqueness, Tesla is now dominating the EV industry and has successfully evolved as an EV brand across the world. The above article contains information like the history of Tesla, Investors and stock shares of Tesla, strategies planned by Tesla, the future of Tesla, and a few other basic information.
FAQs
Who are Tesla’s competitors?
Tesla’s competitors are Rivian Automotive Inc. (RIVN), Lucid Group Inc. (LCID), XPeng Inc. (XPEV), Li Auto Inc. (LI), etc.
Why is Tesla so famous?
Tesla is majorly famous because of its cutting-edge technology involving battery technology and electric powertrain.
Is Tesla the biggest car company?
The company is the biggest in the world and can be defined in many aspects. If we talk about the profit, then yes, Tesla is counted among the eight largest car companies across the world.
What is the rank of Tesla in the world?
Tesla falls at the rank of 65 on the “Fortune 500” list for the year 2021.
Today when we talk about the world’s most influential and richest entrepreneurs, Elon Musk comes to our minds for sure. He has always been in the news, let it be his new venture, his way of working, or his net worth.
Elon Musk’s tweets catch the attention of the masses; be it Elon Musk naming his baby X Æ A-12, which created a lot of buzz around the globe, or the “How Strange. Well, back to work…” one after Bloomberg announced him the richest person in the world, but only a few know about his life story.
Elon Reeve Musk was born on June 28, 1971, in Pretoria, Transvaal, South Africa. Elon Musk is an innovative business person, financial specialist, and engineer who is one of the most popular entrepreneurs in the world. He holds South African, Canadian, and U.S. citizenship. Elon Musk is the founder, CEO, and lead planner of SpaceX as well as a fellow benefactor, CEO, and item engineer ofTesla, Inc.
Elon Musk became the Richest Man in the World on January 7, 2021, after Tesla’s share price surged by 7.9%. It helped him to surpass Jeff Bezos. Musk was featured on the top of the Bloomberg Billionaire Index, a list of the top 500 richest people in the world, on 7th January 2021. Musk had added more than $122 billion to his fortune in the year 2021, which pushed his net worth to $292 billion, according to the reports dated October 2021. This made Elon Musk the first person to be the owner of such a huge fortune. Elon Musk’s net worth was then estimated to be $195 billion, which is currently estimated to be over $220 billion. He debuted on the list of the world’s richest persons back in 2012, when his net worth was estimated at $2 billion.
The tech tycoon went ahead with a bid to buy out Twitter by acquiring 100% of the Twitter stakes on April 26, 2022, in a deal worth $44 billion. However, the deal is still pending and the popular social media platform is yet to turn into a privately held entity.
To know more about the entrepreneur Elon Musk, Elon Musk biography, the answers to “what has Elon Musk studied?”, “what companies has Elon Musk founded?”, “what is Elon Musk famous for?” and more, stay glued!
Founder, CEO, and Chief Engineer at SpaceX; CEO and Product Architect of Tesla, Inc.; Founder of The Boring Company; and Co-founder of Neuralink and OpenAI
Elon Musk was born in Pretoria, South Africa, to a White South African electromechanics Engineer, pilot, sailor, consultant and product developer, who was his father and a Canadian Dietitian and model mother. Errol and Maye Musk divorced in 1980. Though Musk initially started to live with his father in Pretoria and elsewhere immediately after the separation of his parents, Elon later regretted his choice and started to be estranged from his father. Elon Musk has been described as an awkward and introverted child throughout his childhood and he has also been a victim of regular bullies in his school days. In one such incident, Musk was pushed by a group of boys down a flight of stairs and he was hospitalised later.
Elon Musk – Career
Elon Musk joined Anglican Sunday school in his youth. He later entered Queen’s University, in Kingston, Ontario in 1990. He was soon transferred to the University of Pennsylvania after 2 years, from where he graduated in 1995 with a Bachelor’s degree in Physics and Economics.
While still enrolled in his course, Musk then held 2 internships in the summer of 1994 in Silicon Valley, at the Pinnacle Research Institute and Rocket Science Games. He then was accepted as a PhD scholar in Materials Science at Stanford University in California in 1995. However, Musk later dropped out of the course and decided to join the internet boom and launch an internet-based startup.
Elon Musk – Personal Life
Elon Musk is the eldest of the three siblings, Kimbal and Toska, who are the younger brother and sisters of Musk. Elon’s adenoids were removed when he was a child because his parents were apprehensive that he was deaf, however, they discovered later on that it wasn’t true. His parents divorced in 1980. After their divorce, though Musk initially gravitated towards his father, he chose his mother later.
Musk’s marital life started with Justine Wilson, a Canadian author, whom he married in 2000 when he was at Queen’s University. They first had a son, who died of SIDS at 10 weeks. After that, the couple gave birth to a twin and a triplet. Talulah Riley was the second wife of Musk. However, they eventually got divorced and then remarried, and again got divorced for the second time. After ending this marriage, Musk dated Canadian musician Grimes, who later gave birth to a son in May 2020. Their son was named X AE A-XII.
How Elon Musk started his Journey?
Musk developed an interest in computing and video games from a very early age. He acquired Commodore VIC-20 when he was only 10. He started learning computer programming using a manual and successfully sold the code of a BASIC-based video game called Blastar to PC and Office Technology magazine for $500, which he created, at the tender age of 12.
At 17, Elon Musk chose to move to the United States for finishing his auxiliary tutoring. Rather, Musk left for Canada and got selected at Queen’s University in Ontario at 19 years old. His calling came when he got a grant from the University of Pennsylvania. Then, he moved to the United States and acquired a Bachelor of Science degree in Physics. He proceeded with his training further, acquiring himself a Bachelors of Science qualification from the Wharton School at the University of Pennsylvania.
He started with a PhD programme at Stanford University in 1995 yet dropped out just after 2 days to seek an enterprising vocation. As published in the Hitchhiker’s Guide to the Galaxy by Douglas Adams, Elon Musk accepted that the internet, sustainable power sources, and space travel would be the ones having the greatest effect on the lives of individuals in the future.
As chosen, the three noteworthy subjects of worry for giving his life’s central goal, Elon Musk, alongside his brother Kimbal Musk, began an organization named ‘Zip2’. Elon Musk dropped out of the Applied Physics and Material Science program at Stanford University after two days in the wake of beginning this new pursuit known as Zip2.
Elon Musk story
Elon Musk’s Business Ventures
Elon Musk has evolved different and distinct categories in his comprehensive business field. From automobile miracles to secured money handful-application, from artificial intelligence (AI) research organizations to uplifted propagation throughout the space, Musk has achieved huge feats everywhere with his proficient signature and discretion. Those catalysts of his supremacy are listed below-
Zip2
Zip2 logo
In 1995, Musk with his brother Kimbal Musk began a web programming organization – Zip2, with cash raised from a little gathering of holy messenger investors. The organization created and advertised an Internet city control for the newspaper distributing industry with maps, directions, and yellow pages. Zip2 enabled all real print distributions to offer extra business administrations to their clients.
Musk got contracts with The New York Times and the Chicago Tribune. Musk convinced the governing body to devise plans for a merger with CitySearch. While at Zip2, Musk wanted to move toward becoming CEO but the board members opposed it.
In February 1999, Compaq, a noteworthy web crawler at that point, procured this IT organization – Zip2 for $307 million in cash and $34 million in stock options. The deal made it one of the greatest money acquisitions in those days. Musk got $22 million for his 7% share from the sale.
X.com and PayPal
Logo of x.com and PayPal
In March 1999, Musk established X.com, an online budgetary administration and email payment company with $10 million from the closeout of Zip2. One year later, the organization merged with Confinity, which had a payment service application called PayPal.
After merging, they concentrated on the PayPal administration and were renamed PayPalin 2001. PayPal’s initial development was driven essentially by a viral showcasing effort where new clients were selected when they got cash through the service. Musk was removed in October 2000 from his job as CEO because of conflicts with other organization authorities.
Musk wished to move PayPal’s Unix-based foundation to Microsoft Windows, which was opposed by all. In October 2002, eBay acquired PayPal for $1.5 billion in stock, of which Musk got $165 million. Before its deal, Musk, who was the organization’s biggest investor, claimed 11.7% of PayPal’s shares.
In July 2017, Musk bought the domain X.com back from PayPal for an undisclosed sum, expressing that it has sentimental value to him.
SpaceX
In 2001, Musk considered Mars Oasis, an undertaking to send a small test nursery on Mars, in the hopes of revolutionizing the aerospace industry and making affordable spaceflight a reality. In February 2002, Elon Musk came to Russia to search for three ICBMs (missiles), bringing along Mike Griffin. Griffin had worked for the CIA’s investment arm, In-Q-Tel, just as NASA’s Jet Propulsion Laboratory, and was simply leaving Orbital Sciences, a producer of satellites and rockets.
Kosmotras, a Russian Space Company, offered one rocket for $8 million. But Musk found it excessively costly and refused to purchase it. While on the trip back from Moscow, Musk understood that he could begin an organization that could manufacture the moderate rockets he needed. Musk calculated that the raw materials needed to structure a rocket really were just 3% of the commercial cost of a rocket at the time.
In 2002, Musk ultimately established SpaceX with the long-term objective of making a genuine spacefaring civilization. With US$100 million of his initial fortune, Musk established Space Exploration Technologies or SpaceX, in May 2002. Musk is CEO and boss of innovation official (CTO) of the California-based SpaceX organization.
Logo of SpaceX
SpaceX creates and makes space dispatch vehicles with an emphasis on propelling the condition of rocket innovation. The organization’s initial two dispatch vehicles were the Falcon 1 and Falcon 9 rockets (a gesture to Star Wars Millennium Falcon) and its first shuttle is the Dragon (a gesture to Puff the Magic Dragon).
In seven years, SpaceX planned the group of Falcon dispatch vehicles and the Dragon multipurpose spacecraft. In September 2008, SpaceX’s Falcon 1 rocket turned into the main privately financed fluid-powered vehicle to place a satellite into Earth orbit. On May 25, 2012, the SpaceX Dragon vehicle berthed with the International Space Station (ISS), impacting the world forever as the primary business organization to dispatch and compartment a vehicle to the ISS.
In 2006, SpaceX was granted an agreement from NASA to proceed with the improvement and trial of the SpaceX Falcon 9 dispatch vehicle and Dragon spacecraft so as to ship freight to the International Space Station. It was followed by a $1.6 billion NASA Commercial Resupply Services program contract on December 23, 2008, for 12 flights of its Falcon 9 rocket and Dragon shuttle to the Space Station.
On December 22, 2015, SpaceX effectively handled the principal phase of its Falcon rocket back at the platform. This was the first run in history such an accomplishment had been accomplished by an orbital rocket. It became the first step towards rocket reusability, bringing down the expenses of access to space.
In the entire year of 2017, SpaceX launched its eighteen Falcon 9 flights, successfully, which are more than the previous year’s 8 flights. On February 6, 2018, SpaceX effectively launched the Falcon Heavy, the fourth-highest capacity rocket ever built and the most powerful rocket in activity in 2018. The debut mission carried a Musk’s Tesla Roadster as a dummy payload.
Today, SpaceX is both the biggest private maker of rocket motors on the planet and holder of the record for the most noteworthy push-to-weight proportion for a rocket motor (the Merlin 1D). SpaceX has created in excess of 100 operational Merlin 1D motors. Every Merlin 1D motor can vertically lift the heaviness of 40 normal family vehicles.
Tesla Motors
Logo of Tesla, Inc.
Tesla, Inc. (initially Tesla Motors) was established in July 2003 by Martin Eberhard and Marc Tarpenning. They financed the organization until the Series A funding. The two men were actively involved in the company’s development. In February 2004, Musk joined Tesla’s board of directors as its chairman and led the Series A round of investment.
Musk played a functioning job inside the organization and supervised the Roadster item structure at a definite level, yet was not profoundly engaged with everyday business operations. Following the money-related emergency in 2008 and after a progression of raising clashes in 2007, Eberhard was expelled from the firm. Musk expected initiative of the organization as CEO and item engineer, positions which he holds even today.
In 2008, Tesla Motors initially built an electric sports car, the Tesla Roadster, with sales of 2,500 vehicles to 31 nations. On June 22, 2012, Tesla started the conveyance of its four-door Model S car. On February 9, 2012, it uncovered its third item, the Model X for the SUV/minivan market but Model X dispatch was postponed until September 2015.
Tesla’s income in 2018 was $21.46 billion. In 2013, Tesla’s Model S was the first electric vehicle to get the Car of the Year Award by Motor Trend. Over the most recent four months of 2018, Tesla’s US piece of the overall industry was about 2%. It costs $13.66 to completely charge a Tesla Model X at home.
The general Tesla total assets were evaluated to be $2.2 billion in 2018, dependent on its income and benefits. Nearly 75% of every single electric vehicle sold in the US in 2019’s first quarter were Teslas. Tesla saw an income of $21.461 billion in 2018. The total assets of Elon Musk, Tesla’s CEO, were $18.1 billion as of May 2019.
Tesla recently saw a surge of 4.8% in the share price helping Elon Musk surpass Jeff Bezos to become the richest man in the world.
Neuralink Corporation is another company of which Elon Musk is the co-founder. Founded in July 2016, Neuralink is a neurotechnology company that is engaged in developing implantable brain-machine interfaces (BMIs). Headquartered in Pioneer Building, San Francisco, California, Neuralink shares its office with OpenAI.
In an hour-long interview on Joe Rogan’s podcast, SpaceX and Tesla CEO Elon Musk said that his neuro-tech company Neuralink is going to launch the first product that can make any brain function as a superhuman AI. San Francisco-headquartered Neuralink is developing implantable brain-machine interfaces (BMIs) or Cyborg that could improve memory or allow for more direct interfacing with computing devices.
Neuralink Corporation is an American neurotechnology company founded by Elon Musk in 2016. Elon Musk claims that the moto of Neuralink is a human enhancement and the technology, which will be able to merge the computers with the human brain. Thus, it will obtain a symbiotic relationship between the human brain and Artificial Intelligence.
“ If your biological self-dies, you can upload into a new unit. Literally. It will enable anyone who wants to have superhuman reasoning and intelligence.” – Elon Musk
Developing such implantable brain-computer interfaces(BCIs) or cyborg will be quite a challenge and to be on top of the game, Elon Musk needs to stay ahead of Neuralink’s competitors with a heavy focus on applied engineering. BCIs must incorporate features that are a thousand times better than the existing interfaces with no surgery, no aesthetics, and definitely no drilling holes in the skull.
Elon Musk further points out that there has been a significant advancement in the field stating, “I think Neuralink will have something interesting to announce in a few months that’s at least an order of magnitude better than anything else, probably better than anyone thinks is possible.”
You can see the podcast here:
Elon Musk’s Interview with Joe Rogan
In early 2017, he made a jaw-dropping revelation stating that robots will disrupt our job scenario and that there’s nothing much that can be done and the competition between the countries with the most sophisticated AI will be the reason for World War 3. Probably to him, the merging seems like a better option which might give a human a better chance of surviving. “The merge scenario with AI is the one that seems like probably the best. If you can’t beat it, join it,” Musk said.
OpenAI
OpenAI is an artificial intelligence research laboratory that consists of OpenAI LP, which is a for-profit organization, and OpenAI Inc, its parent company. OpenAI is another Elon Musk-founded company, which he founded in December 2015, along with Sam Altman, Ilya Sutskever, Greg Brockman, Wojciech Zaremba, and John Schulman. OpenAI was founded with an aim of promoting and developing a friendly AI that will benefit humanity as a whole. The collective pledging of $1 billion by Sam Altman, Elon Musk, and others resulted in the birth of the company. It is important to note that Musk has already resigned from the Board of the company in February 2018, but he still remains a donor.
The Boring Company
Logo of The Boring Company
In December 2016, Elon Musk founded the infrastructure and tunnel construction services company, The Boring Company is also known as TBC. Musk has experienced difficulty with Los Angeles traffic and limitations with the current two-dimensional transportation network. This led to the inspiration for the project.
The Boring Company currently has active construction and is planning future projects in the Los Angeles and Baltimore–Washington areas. They have also been selected to build a downtown-to-airport loop by a government program for high-speed transport in Chicago. There have been three boring tunnel projects proposed in the Los Angeles area out of which one test tunnel was completed in November 2018.
Though The Boring Company was initially formed in December 2016 as a subsidiary of SpaceX, it become a separate and fully independent company in 2018. In this, 90% of the equity was owned by Musk and 6% held by SpaceX in return for the use of SpaceX resources during the initial startup of the company. Outside investments during 2019 have changed the equity split.
Twitter
Twitter Logo – A firm owned by Elon Musk
Elon Musk is one of the most famous tweeps who almost keeps his audience hooked with his Twitter profile. Musk has always been an avid Twitter user and was on the brink of becoming a 100% owner of Twitter, the bid for which he placed on April 26, 2022, where he was looking forward to acquiring 100% stakes in Twitter in an all-cash deal worth around $44 billion. However, he finally turned down the deal, citing multiple breaches of the deal.
Musk first expressed his interest in buying the platform in 2017. In the wake of 2022, Musk started materialising this dream of his by buying significant stakes in Twitter first on January 31, 2022, which reached 5% on March 14, 2022. He became the largest stakeholder in Twitter on April 1, 2022, owning over 9% of its stakes. Musk then agreed to a deal on April 4, 2022, which prohibited his possession of more than 14.9% of the shares of his company and would assert his joining the board of directors of Twitter. However, Musk decided to not join the board before April 9, 2022, when the appointment became effective. Elon Musk then placed a bid to buy 100% of Twitter’s shares on April 13th at $54.20 per share. This bid was granted by the Twitter board and would have made Elon Musk the owner of 100% of Twitter’s shares in a deal worth $44 bn if Musk didn’t walk away from the deal. There was also a breakup fee of $1 bn if the deal falls apart. Elon Musk threatened to blow up the deal over the bot issue on June 10, 2022, and ultimately terminated the deal in the first week of July 2022. In reply to this, Twitter sued Musk on July 12, 2022.
In the case filed at the Court of Chancery, Delaware, the acquisition deal was to be forced to go through, as per the decision by Chief Judge McCormick, thereby being ruled against Elon Musk.
Elon Musk – Investments
Elon Musk has 7 investments to date, all of which are personal investments. Here’s a list of the Elon Musk investments:
Elon Musk is recognised for his fight against global warming and Tesla is one of the examples of it. Some of the awards and recognition that he has received are:
For his advocacy, he has received Global Green Award and National Wildlife Federation’s Connie Award.
He has received the Entrepreneur of the award of Inc Magazine and is also known as the Living Legend of Aviation by Kitty Hawk Foundation.
Musk has also been ranked 1 on Forbes’ Billionaires list. Musk is a receiver of the Axel Springer Award.
In 2010, Musk received FAI Gold Space Medal from the Federation Aronautique Internationale.
Elon Musk – Controversies
The richest person on the planet has some fair share of controversies as well. Elon Musk is said to be quite blunt with the tweets that often surround him with controversies. Some of them are:
Right after he was all set for the Twitter acquisition, Musk said that he will buy Coca-Cola and put cocaine back in the beverage.
Musk named the cars from the Model 3 series of Tesla first as Model S, Model E and Model X. However, when Ford allegedly warned Tesla about a lawsuit for using Model E, Tesla changed its name to Model 3, which still made the models together sound like S.3.X
Elon Musk smoked weed on the Joe Rogan podcast and was surrounded by memes and controversies
Musk joked about sending space dragons with lasers to help Ukraine fight the Russians after an article stated that Musk would send flame-throwing electric tanks to Ukraine
During Canada’s trucker protest, Elon Musk compared Hitler with Canadian President Justin Trudeau.
Musk got Sued by Twitter
Elon Musk was legally sued by Twitter for “hypocrisy”, reported The Verge at Delaware’s Court of Chancery on July 12, 2022, after he decided to terminate the Twitter acquisition deal. This opened another chapter of Musk’s life where he will resist his claim in court against the social media giant Twitter.
Elon Musk – Unknown Facts
The richest man is not only unique but interesting as well. Some of the unknown facts about Elon Musk are:
When Musk was 12 years old, he created a video game called Blaster and sold it to a magazine.
Musk named his son Xavier after the character of Professor Xavier from the movie X-Men.
Musk also had a cameo in The Simpsons, along with those in South Park, The Big Bang Theory, Rick and Morty, and more.
Musk’s first venture was Zip2 which was created in 1995.
Musk doesn’t like Facebook and is concerned about its privacy issues.
Elon Musk gets a $1 salary from Tesla.
Musk is called Thrillionaire. It means an entrepreneur who is turning reality into science fiction.
Elon Musk – Quotes
Some of the most popular quotes from Elon Musk are:
When something is important enough, you do it even if the odds are not in your favour.
Some people don’t like change, but you need to embrace change if the alternative is a disaster.
If something’s important enough, you should try. Even if – the probable outcome is a failure.
People work better when they know what the goal is and why. It is important that people look forward to coming to work in the morning and enjoy working.
If you’re trying to create a company, it’s like baking a cake. You have to have all the ingredients in the right proportion.
Elon Musk – Future Plans
Elon Musk has never made his desire to make people “multi-planetary animal types”. Colonizing Mars would be a decent start as per Musk. In September 2017, at the 68th International Astronautical Congress in Adelaide he unveiled his arrangement to send payload delivers there in the following 5 years. By expansion, he trusts that people will settle the planet when 2024.
Elon’s Hyperloop has been contrasted by him with a “cross between a Concorde, a railgun, and an air hockey table”. The plan is to eventually give a method for a movement that should have the option to surpass 1124 km/h and all underground.
At present two courses are being developed – between Los Angeles and San Francisco and between New York and Washington D.C. When complete these excursions should take close to 30 minutes utilizing Hyperloop.
At the point when 12 youngsters and their football (soccer) mentor were caught in an overwhelmed collapse in Thailand, Elon and his group developed an apparently insane thought. The arrangement, clearly, was to construct a tyke-estimated submarine. The sub was structured and worked in record time utilizing extra rocket parts. Regardless of this, the salvage groups esteemed it unrealistic and finished the mission without it. “Pedo fellow” aftermath aside Thai military authorities accept the submarine could have utility in the future.
Elon Musk was born in Pretoria, South Africa, and was raised in Pretoria and the regions nearby the capital of South Africa.
What did Elon Musk study?
Elon Musk has a Bachelor’s degree in both Physics and Economics.
What’s Elon Musk’s IQ?
Elon Musk’s IQ is estimated to be ranging between 150-155.
What is Elon Reeve Musk famous for?
Elon Musk has founded the electronic payment firm PayPal and spacecraft company SpaceX. He is the CEO of the electric-car maker company Tesla. Musk is also the owner of the social media platform Twitter and the world’s richest person, as of April 2022.
Did Elon Musk acquire Twitter?
Elon Musk was about to acquire 100% stakes in Twitter and become the owner of Twitter. He asserted to buy out all of the stocks of Twitter in a deal worth $44 billion on April 26, 2022, but then he refused, leaving the deal pending.
What companies has Elon Musk founded?
Elon Musk founded many companies to date including SpaceX, The Boring Company, X.com, Neuralink, OpenAI, and Zip2.
Did Elon Musk create Paypal?
No, Elon Musk is not the founder of Paypal, nor did he create it. However, Elon Musk indeed found the company known as X.com. This company later merged with Confinity Inc., which was the creator of the product Paypal.
Is Elon Musk an entrepreneur?
Elon Musk is indeed an entrepreneur. The world’s richest person nourished his entrepreneurial dream right after he graduated from college.
What companies has Elon Musk founded?
SpaceX, SolarCity, and Tesla are some of the prominent companies that Elon Musk founded.
Is Elon Musk a real person? What is Elon Musk’s academic background?
Yes, Elon Musk is a real person. Going by the academic background of Elon Musk, the Tesla CEO has a Bachelor’s degree in Physics and Economics from the University of Pennsylvania.
How did Elon Musk start his career?
Elon Musk started his career by dropping out of Stanford University in just 2 days to start his company Zip2.
More than half of the population have heard the name Elon Musk in recent events, who is very known for many reputable titles- Founder, CEO & chief engineer of SpaceX, CEO of Tesla, founder of The Boring company & PayPal, and Co-founder of Neuralink, Zip2, and OpenAL.
As everybody knows, Elon became the richest person on earth, as of November 2021. Generally, Elon was born to an African-American parent on 28th June 1971. At a very young age, Elon built an intent in computers & entrepreneurship, whereby he created a video game at the age of 12.
Besides, People inspire him for a reason, for instance, to cut off the huge expense of launching rockets, he established SpaceX that helps make affordable rockets. On the other hand, to conduct a smooth digital payment method, Elon Musk developed PayPal intending to change society.
For that matter, Elon Musk grew an interest in electric cars and built a company ‘Tesla’ that is considered to have done exceptional work in his career, which turned the entire world upside down.
Here are list of 70 books recommended by Elon Musk.
One of the best books suggested by Elon musk is Superintelligence. Nick Bostrom argued that machine brains surpass human brains in general intelligence, whereby superintelligence could replace human brains and live as a dominant on earth.
2. Merchants of Doubt by Naomi Oreskes and Erik M. Conway
Merchants of Doubt
Generally, this book tells you about the scientists disclosing the truth behind Tobacco which ultimately leads to Global warming.
3. Life 3.0 by Max Tegmark
Life 3.0
The author discusses the impact of Artificial Intelligence on the future of life on earth and beyond.
4. Steve Jobs by Walter Isaacson
Steve Jobs by Walter Isaacson
As is the case of Steve Jobs, the founder of Apple. He became an inspiration for many people. On the matter of this, Elon Musk recommends Steve Jobs autobiography to his followers.
5. Zero to One by Blake Masters and Peter Thiel
Zero to One by Blake Masters and Peter Thiel
The name itself proved that a person with zero knowledge could gain everything by reading Zero to One book. This book is all about building the future by developing startups.
6. Chapterhouse Dune by Frank Herbert
Chapterhouse Dune by Frank Herbert
As we know that this book ‘Dune’ has been the talk of the town in recent times. Dune is a science fiction novel that focuses on the future happening in a stellar society in which many noble houses control planetary lands.
7. Deep Learning by Ian Goodfellow, Yoshua Bengioand Aaron Courville
Deep Learning by Ian Goodfellow, Yoshua Bengio and Aaron Courville
Deep Learning emphasizes the concept of techniques used in industry and on account of this Elon Musk said, “Written by three experts in the field, Deep Learning is the only comprehensive book on the subject.”
8. Benjamin Franklin- An American Life by Walter Isaacson
Benjamin Franklin- An American Life by Walter Isaacson
This book is a biography of an eminent U.S statesman- Benjamin Franklin. Elon musk suggested Benjamin Franklin an American life to improve the standard of living in terms of many facts. Elon recommends this book to acknowledge the adventures of an apprentice Benjamin Franklin.
9. Use of Weapons by Iain M. Banks
Use of Weapons by Iain M. Banks
This book is a fiction novel that narrates the life of Cheradenine Zakalwe.
10. Acts of Love by Talulah Riley
Acts of Love by Talulah Riley
Acts of Love is a modern love story. According to Elon Musk the characters in the book sound fictional even though the plot is based on real events.
11. The Lord Of The Rings by J.R.R Tolkein
The Lord Of The Rings by J.R.R Tolkein
Novels are better than movies. However, both the novel and film series of The Lord Of The Rings have been captivating us to date. The Lord of the Rings is an epic and fantasy-filled novel written by J. R. R. Tolkien. The novel is about a group of heroes who thrive to save their origin from evil.
12. The Wealth of Nations by Adam Smith
The Wealth of Nations by Adam Smith
Elon Musk has recommended Adam Smith’s one of the finest works to give us all a gist of the industrialized capitalist network that was overturning the mercantilist network.
13. The Big Picture by Sean M. Carroll
The Big Picture by Sean M. Carroll
We all know, popular astrophile Elon’s fondness for the universe is distinctly evident. In that case, the book The Big Picture: On the Origins of Life, Meaning, and the Universe is a salient piece for the theory of poetic naturalism.
14. Our Final Invention by James Barrat
Our Final Invention by James Barrat
it’s quite debatable why the Tesla CEO has recommended this book as Our Final Invention by James Barrat: Artificial Intelligence and the End of the Human Era discusses the pros and cons of artificial intelligence about the human race.
15. Prelude to Foundation by Isaac Asimov
Prelude to Foundation by Isaac Asimov
The first best trilogy in science fiction, The Foundation is one of the recommended books by Elon Musk. Initially, the trilogy was published in 1951 by Issac Asimov, utterly describing the downfall as well as the rebirth of a huge interstellar empire in the universe of the coming future.
16. Lying by Sam Harris
Lying by Sam Harris
On the other hand, Lying by American Author and neuroscience Sam Harris is a book that yields the readers to reflect on their own lives and lies. Rationally, this book has a great theme implicating that instead of lying, one can tell the truth to improve and simplify one’s life in society.
17. Atlas Shrugged by Ayn Rand
Atlas Shrugged by Ayn Rand
The 1957 science fiction novel by Ayn Rand is about the concept of the murder of a man’s body. Ayn Rand has delineated that the murder is not the end, but the start or rebirth of a man’s spirit.
18. Consider Phlebas by Iain M Banks
Consider Phlebas by Iain M Banks
Iain M Banks’s first science fiction novel takes people into an unrealistic world filled with human and alien races. Starting from the exploration of the nature of war, morality, and the limitless bounds of mankind’s imagination, Consider Phlebas is a great piece to read.
19. Screw Business As Usual by Richard Branson
Screw Business As Usual by Richard Branson
For business ventures, Elon recommends this book to readers who aspire for a noteworthy future. Moreover, this book has the best, exciting, and inspiring stories of people that can certainly stimulate any reader.
20. The Fault in Our Stars by John Green
The Fault in Our Stars by John Green
The best-selling book is surprisingly also one of Elon’s recommendations. The book explores how cancer affects those who are diagnosed and how their families and friends react to their diagnoses.
21. A Song of Ice and Fire by George RR Martin
A Song of Ice and Fire by George RR Martin
Game of Thrones is one of the best series of all time. However, Elon’s favorite is its novel ‘A Song of Ice and Fire’. In a similar narration, A song of Ice and Fire is all about magic, realism, politics, society, with an incredible portrait of characters, violence, sexuality, feminism, religion, and food.
22. Waiting for Godot by Samuel Beckett
Waiting for Godot by Samuel Beckett
The once famous play is now a great book, in which Whitley focuses on the human condition, absurdism, nihilism, and friendship. On the whole, the author captures the true meaning behind a meaningless existence.
The notion to perceive the biology of selfishness and altruism can be achieved by giving a read to The Selfish Gene by Richard Dawkins. Not only humans but also animals are capable of sacrificing themselves for others is evident.
24. Catherine the Great by Robert K. Massie
Catherine the Great by Robert K. Massie
The award-winning story has captured readers with the mere portrait of a woman. It’s a powerful story of a fourteen-year-old German princess, who has traveled to Russia, and eventually, becomes one of the most memorable and powerful women.
25. Structures by J.E Gordan
Structures by J.E Gordon
Elon has recommended this book, especially for engineers, builders, and architects. The plot eventually concludes about uniting together in the end, no matter what.
26. The Story of Civilization: The Age of Faith by Will and Ariel Durant
The Story of Civilization: The Age of Faith by Will and Ariel Durant
This book is solely about cultural history and known for its wonderful narrative history. Moreover, the book is a very informative piece, if one wants to know about cultural creation, its origin, its development, and so on.
27. Stranger in a Strange Land by Robert A. Heinlein
Stranger in a Strange Land by Robert A. Heinlein
This science fiction is every sci-fi reader’s go-to fantasy. The novel by Robert A Heinlein depicts the story of a human who comes to earth in early adulthood after being born on Mars and brought up by Martians.
28. Stalin by Simon Sebag Montefiore
Stalin by Simon Sebag Montefiore
The biography of Stalin written by Simon Sebag Montefiore gives a fine narrative of dear, betrayal, privilege, debauchery, family life, and the murderous cruelty of this secret world.
29. The Story of Civilization Our Oriental Heritage by Will and Ariel Durant
The Story of Civilization: The Reformation by Will and Ariel Durant
On the other hand, this volume of The Story of Civilization Our Oriental Heritage depicts the Near Eastern history until the fall of the Achaemenid Empire in 330BC, plus the history of India, China, and Japan.
30. The Hitchhiker’s Guide to Galaxy by Douglas Adam
The Hitchhiker’s Guide to Galaxy by Douglas Adam
The adaptation of Douglas Adams’s radio series, The Hitchhiker’s Guide to Galaxy is about a human who wanders the universe after the annihilation of the earth with extraterrestrial occupation.
31. The Story of Civilization: The Renaissance by Will and Ariel Durant
Meanwhile, this volume of The Story of Civilization implicates the history of the Renaissance, that is the country Italy. The story predominantly underscores the contributions of famous characters in history.
32. Ignition by John Drury Clark
Ignition by John Drury Clark
The writer creates the story with an idea on the development of the explosive fuels that could help with the search for a rocket propellant in a notion to men into space.
33. The Moon is a Harsh Mistress by Robert A. Heinlein
The Moon is a harsh Mistress by Robert A. Heinlein
The 1996 science factor is about a lunar colony’s revolt against absentee rule from the earth.
34. Das Kapital by Karl Marx
Das Kapital by Karl Marx
Elon’s recommendation for capitalism readers is here! The book Das Kapital delivers knowledge of capitalism, from how the capitalist system works to how it ends.
35. Storm of Steel by Ernst Junger
Storm of Steel by Ernst Junger
A crystal clear narration about the experiences of combat on the front line is what makes Storm of Steel a memoir of astonishing power, savagery, and ashen lyricism.
36. A Woman makes a Plan by Maye Musk
A woman makes a plan by Maye Musk
The author Maye Musk shares her experiences through the book A Woman Makes a Plan. Apparently, as a nutritionist and model, Maye has inspired Elon to a greater extent.
37. Modern Engineering for Design of Liquid Propellant Rocket Engines by Dieter K Hazel
As the title says, the book is the introduction to the design of liquid rocket engines and every component used to engineer them.
38. Daemon by Daniel Suarez
Daemon by Daniel Suarez
Daemon, the book is about a computer application named Daemon, which begins to change the real world after the original programmer’s death.
39. Foundation’s Edge by Isaac Asimov
Foundation’s Edge by Isaac Asimov
The storyline is about a love story between Pelorat and a woman named Bliss. When people are forced to lead a life in the future in the galaxy, whereby their lives are at stake.
40. The Stainless Steel Rat by Harry Harrison
The Stainless Steel Rat by Harry Harrison
The stainless steel rat by Harry Harrison has given us one of the famous fictional characters named ‘slippery Jim’.
41. The history of the decline and fall of the Roman Empire by Edward Gibbon
The history of the decline and fall of the Roman Empire by Edward Gibbon
The novel is about the history of the decline and fall of the Roman Empire between 1776 and 1788.
42. Twelve against the Gods by William Bolitho
Twelve against the Gods by William Bolitho
Over and above, Twelve against God is to honor without hypocrisy the deeds of men and women with larger destiny.
43. The Age of Napoleon by Will & Ariel Durant
The Age of Napoleon by Will & Ariel Durant
A well-written portrait of the age of Napoleon that depicts his heroism and revolution of western civilization.
44. The Machine Stops by E.M. Forster
The Machine Stops by E.M. Forster
The reality of men’s reliance on machines is well-written by E.M Forster through his novel The Machine Stops.
45. Human Compatibility by Stuart Russell
Human Compatibility by Stuart Russell
The depiction of risks to humanity from advanced Artificial Intelligence is seen in Stuart Russell’s Human Compatibility.
46. The Story of Civilization: The Age of Reason Begins by Will and Ariel Durant
The Story of Civilization: The Age of Reason Begins by Will and Ariel Durant
This book is about the understanding of modern European history, which tells about religious strife and other scientific progress between the period 1550 and 1650s.
47. Liftoff by Eric Berger
Liftoff by Eric Berger
Elon Musk recommended this book by saying ‘Just Read It’, where the inside story of the first four historic flights that launched SpaceX– the world’s leading-edge rocket company.
48. Surface Detail by Iain Banks
Surface Detail by Iain Banks
The story is set in 2970 AD, where the plot covers the six to eight hundred years events of Surface Detail.
49. Matter by Iain Banks
Matter by Iain Banks
This book ‘Matter’ set in his Culture universe, was published on 25th January 2006 by Iain Banks, whereby the story revolves around a pre-industrial human civilization.
50. The Story of Civilization: The Age of Louis XIV by Will and Ariel Durant
The Story of Civilization: The Age of Louis XIV by Will and Ariel Durant
This book is the eighth volume of the Pulitzer series, which is based on a history of European civilization in the period of Pascal, Moliere, Cromwell, Milton, Spinoza, Newton, and Peter the Great around 1648 to 1715.
It is a short story collection by Iain Bank, a Scottish writer that was published in 1991, and tells about the fictional universe.
52. Excession by Iain Banks
Excession by Iain Banks
Another fictional novel of Iain Bank- Recession which featured a utopian fictional interstellar society, so-called ‘The Culture’.
53. The Hydrogen Sonata by Iain Banks
The Hydrogen Sonata by Iain Banks
It is a science fiction novel based on the techno-utopian cultural universe which was published on 4th October 2012 by Iain Banks.
54. The Story of Civilization: The Life of Greece by Will and Ariel Durant
The Story of Civilization: The Life of Greece by Will and Ariel Durant
The plot revolves around the golden age of historical writing, before specialization that had invaded the field. Besides, the story talks about the statesmanship, science, arts, religion, literature, philosophy, and morals of the ancient Greeks.
55. The Player of Games by Iain Banks
The player of games by Iain Banks
Another novel in the series Culture by Iain Bank was published in 1988, is based on a character named- Jernau Gurgeh. He was an expert player of games, rarely lost in competition, and still felt unworthy, whereas he takes place in an ultimate advanced & convoluted game that supported an entire civilization.
56. If the Universe is Teeming with Aliens… Where is Everybody?
If the Universe is teeming with Aliens… where is everybody?
The story If the Universe is teeming with Aliens… where is everybody? is coherent and understandable and covers a diverse range of topics about various research fields.
57. Look to Windward by Iain Banks
Look to Windward by Iain Banks
It is science fiction as the sixth novel in the series Cultural by Scottish writer Iain M. Banks which was published in 2000. Notably, the plot revolves around the events of the Indian-Culture war, whereby Windward deals with the aftermath of the war events.
58. Elon Musk: Tesla, SpaceX and a Quest for a fantastic future by Ashlee Vance
Elon Musk by Ashlee Vance
Elon Musk, himself recommended his autobiography book ‘Elon Musk: Tesla, SpaceX and a Quest for a Fantastic Future’ which was published on 19th May 2015.
59. Einstein: His Life and Universe by Walter Issacson
Einstein: His Life and Universe by Walter Isaacson
The Journalist and American author Walter Isaacson prescribes the life and Universe of the great scientist Einstein in such a way that is acclaimed very well.
60. Lord of Flies by William Golding
Lord of Flies by William Golding
The Nobel Prize-winning British author William Golding published ‘Lord of Files’ which is focused on a group of British boys stranded on an isolated island and their attempts to govern themselves written so intellectually and interestingly.
61. Empire: The life, legend and the madness of Howard Hughes by Donald L. Barlett
Empire: The life, legend and the madness of Howard Hughes by Donald L. Barlett
The storyline emphasis on an aviator, playboy, Entrepreneur, and Recluse- Howard Hudges, which is written by Donald L.Barlett and published in 1979.
62. The Story of Civilization: The Reformation by Will and Ariel Durant
The Story of Civilization: The Reformation by Will and Ariel Durant
This book discusses the events of European civilization from Wyclif to Calvin, i.e 1300-1564. Furthermore, the book speaks about the lives of Charles V, Columbus, Durer, Erasmus, Henry VII, Knox, Luther, More, Rabelais, Wolsey, Mary I, and Chaucer.
63. Second Foundation by Isaac Asimov
Second Foundation by Isaac Asimov
Another book of Issac Asimov and the fifth novel in the in-universe chronology and the third novel of the Foundation series was published in 1953 by Gnome publishers.
64. The Story of Civilization: The Age of Voltaire by Will and Ariel Durant
The Story of Civilization: The Age of Voltaire by Will and Ariel Durant
This volume of The Story of Civilizationcovers the history of Europe and the Near East from 1559 to 1648.
65. Foundation and Empire by Isaac Asimov
Foundation and Empire by Isaac Asimov
The story covers how the enterprising General Bel Rise of the Galactic Empire launched an attack against the Foundation.
66. The Story of Civilization: Rousseau and Revolution by Will and Ariel Durant
The Story of Civilization: Rousseau and Revolution by Will and Ariel Durant
The plot is set on the history of civilization in France, England, and Germany from 1756 and in the remainder of Europe from 1715-1789.
67. Forward The Foundation by Isaac Asimov
Forward Foundation by Isaac Asimov
It is the second of two prequels to the foundation series that was published in 1993 by an American author Issac Asimov.
68. Foundation and Earth by Isaac Asimov
Foundation and Earth by Isaac Asimov
It is the fifth and last novel in the series Foundation by Issac Asimov, generally, the plot is all about the future, whereby humans colonize the galaxy.
69. Heretics of Dune by Frank Herbert
Heretics of Dune by Frank Herbert
Another fifth book in the science fiction series is Dune, which is ranked for best-selling book in 1984. The story is focused on the aftermath of Tyrant Leto II’s death.
70. God Emperor of Dune by Frank Herbert
God emperor of Dune by Frank Herbert
It is the fourth book in the franchise of Dune’s six novels which is based on the God-Emperor, Leto II Atreides, who has become a hybrid of humans and giant sandworms and ruled the universe for 3500 years.
As it is known, Elon Musk’s love for books is inevitable, so it’s no little surprising how intellectual and inventive he is. Thus, books are great, the moment when you open one and sink into it you can escape from the real world into a fictional story that’s more interesting than yours will ever be.
He is not only a great book recommender but also, one of the greatest entrepreneurs and business magnates of this decade. His love for books can simply tell us how he has molded throughout his career.
As you read earlier, these are the top books suggested by Elon Musk to his fans, by taking us into his private library. Eventually, it is proven that books are what made the Entrepreneur Elon Musk today. Over and above, in 2015, an author named Vance has officially published a biography book on Elon titled ‘Elon Musk: Tesla, SpaceX and a Quest for a Fantastic Future.
FAQ
Did Elon Musk read 2 books a day?
Yes, According to his brother, Elon Musk would read through two books per day.
What is Elon Musk’s favorite book?-
Elon Musk’s favorite book is “The Hitchhiker’s Guide to the Galaxy”.
What book does Elon Musk recommend?
The top book recommendations of Elon Musk are, “Structures: Or Why Things Don’t Fall Down” by J.E. Gordon, “Benjamin Franklin: An American Life” by Walter Isaacson, “Einstein: His Life and Universe” by Walter Isaacson, “Superintelligence: Paths, Dangers, Strategies” by Nick Bostrom and “Merchants of Doubt” by Erik M.
The South African-born American entrepreneur Elon Musk, (born June 28, 1971 in Pretoria, South Africa) cofounds PayPal as an electronic payment firm, and creates SpaceX, the launch vegetable and spacecraft manufacturer. He has also been one of the first major investors in the electric car manufacturer Tesla as well as Chief Executive Officer.
Musk came from a father from South Africa and a mother of Canada. He showed early computer and entrepreneurial talent. In 1988, Musk left South Africa after obtaining the Canadian passport because he refused to support apartheid by the military and because he wanted the greater economic opportunities available in the United States.
Early Talent
After his studies, he joined Stanford University, but after just two days bravely dropped out with his brother to launch Zip2’s first company. Zip2 just arrived to help companies get online at the start of the Internet boom.
Musk then sold his Zip2 share to co-found X.com in 1999, with the millions raised, and PaysPal was later merged. Despite disagreements and dismissal of Paypal as a CEO as the larger shareholder in 2000, eBay earned millions of dollars in the $1.5 billion deal acquired by Pay Pal to kick off the Musk Revolution we know so much today. An impressive amount of business plan, start-ups and side projects is acquired by the billionaire, each working on revolutionizing.
The Boring Company (TBC) develops safe, fast-to-dig, and low-cost transport-, utilities and freight tunnels. The company was founded by Elon Musk, founder of Tesla and SpaceX. Our Loop service is planned to be the fastest and best system ever.
It can be claimed that the Dull Business was recognised more for its name or whacky goods (not least “Not A Flamethrower”) than the brilliant piece of work before the enthusiastic presence of Elon Musk on the Joe Rogan Experience padcast. The name is taken from its key function: bore tunnels and was created in 2016 as a result of the frustration of traffic, as revealed by Elon Musk on Twitter.
This organization installs tunnels and infrastructures in crowded cities to alleviate pollution. Building contracts in Chicago, Los Angeles, and California are still in place.
2. Hyperloop
Hyperloop Logo
In a white paper written by Elon Musk, CEO of Tesla and SpaceX in 2013, Hyperloop is an ultra-high-speed land transportation system planned for passengers and freight. It consists of partially evacuated tubes and high-speed passenger and cargo capsules.
Some found the most ambitious development of Hyperloop Musk yet, which is a major assertion if you believe it succeeds in space and creates thirty-layer long tubes. Hyperloop is a proposed mode of transportation, according to Elon Musk, for 380 plus miles of journey from Los Angeles to San Francisco in just 35 minutes.
When do you expect this to happen? With a tunnel, the rail system is built that can operate with reduced drag 800 miles per hour. Currently, Hyperloop is still much in its planning stages, although there were first leaks.
SolarCity is an Elon Musk initiative that we as makers of renewable and energy-saving goods keep tight to our hearts. It was not clearer that Elon shared our view of a better world – and our mission to contribute to it – than SolarCity.
The brothers Peter and Lyndon Rive created SolarCity in 2006 on the basis of a recommendation of their cousin Elon Musk, chairman and promoter of the organization for a solar business idea. The installed solar panels could produce 440 megawatts (MW) of power by 2009.
SolarCity is the second-largest solar panel supplier in the USA, an affiliate of Tesla. It pushes the big step towards self-consuming electricity, just as we do at myenergy, from its long-lasting glass to its transparent solar cells.
4. Neuralink
Neuralink Logo
Elon Musk wants to have brain surgery among everyone. In fact, he needs everybody to have a brain implant — Neuralink, his company’s brain-machine interface. He says that he will overcome several conditions – paralysis, fear, and addiction. He says that it can.
Scientists must understand even more about the brain and how it can be realized from all other theories. The brain is still enigmatic, and problems like fear and depression are still uncertain about their physiological origins. In the new video from Verge Technology, we discuss what Neuralink might do and what aspects of Musk’s ideas need more science.
Musk has been worried about the possible risks of artificial intelligence for some time now. The organization has for several years warned that AI represents the biggest existential danger for human life, as does the technology “invoking the demon.” In the light of this strong position with respect to artificial intelligence, it was a little interesting that Musk announced in December 2015 the launch of its own AI research firm. Open AI is funded by investments of more than $1 billion and focuses on the protection and responsibility of evolving AI technologies.
By making it available to all, Musk insists that this is the way for major businesses who wish to take advantage of the invention for their own financial benefit.
His Successful Projects:
1. Spacex
Spacex Logo
“SpaceX designs and manufactures and launches advanced rockets and spacecraft,” founded in 2002 with the aim of revitalizing global interest in space exploration while massively lowering costs. The reusable Falcon Strong, the world’s most efficient operating rocket that holds approximately 64 kilograms, is now mastered by Elon Musk and SpaceX’s 6000 employees. It arrives in February 2018 after his successful test flight.
With the Falcon 1, a two-stage liquid-fuel craft, the organization entered the arena to bring small satellites into orbit. The Falcon 1 was much cheaper in terms of design and functioning than its rivals, a spacecraft sector mostly dominated by publicly owned and government-funded businesses like Lockheed Martin and Boeing. The SpaceX-developed Merlin engine, a cheaper alternative to those used by other firms, made part of rocket economic efficiency feasible. SpaceX also aimed at making reusable warheads
Without referencing Tesla, didn’t you think we would celebrate Elon Musk’s finest, did you?
Elon Musk had a profoundly positive influence on the automotive industry alongside original Tesla designers Martin Eberhard and Marc Tarpenning. In addition to what once was the limited, unchanged, and increasingly under deployed electric and hybrid vehicles market, he has accelerated towards a more competitive future.
Tesla Motors started with the roadster and proceeded with the X, S and Model 3, which will be in the immediate future. In each model, competitive demand has grown to build their own electric and hybrid cars and the increasing promise of petrol and diesel replacements is illuminated more clearly.
Tesla has changed the story well and truly in terms of renewable technology on the highways, manufacturing cars capable of driving up to 315 miles with only one charge and hitting 0-60 mph in 2.9 seconds.
We all know that Elon Musk is an utter visionary with unbelievably better ideas than other citizens. In a recent interview with Joe Rogan, Musk said it was nearly like a curse that he had so many valuable ideas that he always failed to concentrate on a project.
On the other hand, we are also mindful that on a number of occasions the South African contractor has struggled, many of which include extremely problematic scenarios. Yet Elon Musk seems to be still at the forefront of all the adversities and all the odds.
Therefore, I wanted to speak about these failures and demonstrate how Elon repeatedly overcomes the most destructive blows and uses the lessons to boost his company:
1. Netscape Denial and Ousted at Zip2
Elon Musk did not give up
When Elon first started out, he applied to a variety of new tech firms, including Netscape, without success. He created a searchable business directory named Zip2 in view of these rejections, which was effectively an online equivalent of a telephone book.
It might now sound like a very easy concept, but at a time when the use of computers was still very limited, this was groundbreaking. Sadly, in the early years, Zip2 failed and most founders showed little interest in financing the idea. In 1996, however, Zip2 finally obtained some much-needed funding, but Elon Musk was ousted as the company’s CEO and given a much smaller role. The entrepreneur chose, after great success, to move forward to focus on a brand-new project that would be the beginning of what we all know as PayPal.
2. Paypal Was Initially Voted ‘the Worst Business Concept of the Year’
Believe it or not, as it was launched as authentication software for the PalmPilot and other mobile devices, PayPal was voted the worst business concept of the year in 1999. Musk and co-founder Max Levchin, however, continued to concentrate on building an online wallet that was beginning to gain momentum. Eventually, PayPal received funding to grow this project and the business went public in 2002.
Conclusion
It’s true that Elon Musk is not only a genius, considering his many mistakes, but also an extremely ambitious human with a burning desire to excel. Although Tesla and Space X are sure to enjoy a prosperous future, it is a tribute to his character that we can clearly not doubt or imagine what the next South African will do! The media’s tendency to run through the mistakes as an entrepreneur is one thing we should not all skip over. Never doubt, though, as an upcoming entrepreneur. And when you do make it, they will already be off for your achievements.
Dev Gupta
Rishabh Rathi
Harshit Verma
