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WHO IS ELON MUSK

Elon Musk

Elon Musk is a South African-born American industrial engineer, entrepreneur, who co-founded Paypal and founded aerospace transportation services company SpaceX. He is also one of the early investors in Tesla, an electric car company, and now the Chief Executive Officer of the firm as well. With a $70.5 bn fortune, Musk sits comfortably at the 7th spot in the world's top 10 billionaires list.

Early years

Born in 1971, Elon Musk displayed an early talent in computers and video games and at the age of 12 created a video game code that earned him fame, as well as a fortune. He acquired a Canadian passport to avoid supporting apartheid in Africa at the time and also due to greater economic opportunities in the United States.

Paypal and SpaceX

Musk has created several successful firms since he left Stanford University in 1997. That year, he created the first company - Zip2. The firm, which provided maps and business directories to online newspapers, was bought by Compaq in 1999. Then he created X.com which eventually merged with PayPal, which went public in 2001, and in 2002 eBay bought the firm for $1.5 bn. Musk in 2002, formed SpaceX and since then the aerospace firm has covered several milestones over the years. SpaceX became the first company to successfully relaunch and land at the first stage of an orbital rocket in late 2017. In 2020, SpaceX made history on May 30, after it flew NASA astronauts Doug Hurley and Bob Behnken, to space aboard its Crew Dragon spacecraft using a Falcon 9 rocket.

Tesla

In 2004, Musk invested heavily in Tesla, an electric car company as he believed electric vehicles to be the future of mobility. Two years after introducing the first car, Tesla, in 2008, introduced the Model S sedan, which was praised by automotive critics for its performance and design. The company eventually made him a billionaire at the age of 40 in 2012. Musk, as the CEO of Tesla, landed himself in several controversies which resulted in stocks tanking by a huge margin. In 2018, Musk ran into trouble after his tweet falsely claimed that he had secured funding and was considering taking Tesla private at $420 per share. It resulted in both him and Tesla paying a $20 million fine and Musk agreeing to step down as chairman of Tesla's board. However, despite controversies, Tesla stocks have continued to grow adding to his wealth

ELON MUSK NEWS

Next Twitter update to make For You or Following choice persist: Musk
On January 21, Musk had announced that the upcoming update of the platform will make it less mandatory for users to use the "For ...| January 30, 2023, Monday
US investigates self-driving claims made by Elon Musk for Tesla: Report
Musk in November last year said the Tesla FSD beta is available to anyone in North America| January 29, 2023, Sunday
Twitter will take 'less severe action' against accounts that break rules
Elon Musk-run Twitter on Saturday announced it will take "less severe actions" against user accounts that break its rules, asking ...| January 28, 2023, Saturday
Tesla CEO Elon Musk meets US officials to discuss electric vehicles
Tesla and Twitter CEO Elon Musk met Biden administration officials in Washington to discuss electric vehicles, CNN reported on ...| January 28, 2023, Saturday
Tesla Cybertruck won't see mass production until 2024, says Elon Musk
The Cybertruck was first announced in 2019 to widespread interest, but its production has been repeatedly delayed| January 26, 2023, Thursday
Tesla says it will invest $3.6 bn in Nevada truck factory expansion
Tesla said it intends to invest USD 3.6 billion to expand manufacturing capabilities in Nevada and is confident growing ...| January 26, 2023, Thursday
Tesla says its 4Q profit rose 59% to $3.69 bn, expects strong margins
Tesla on Wednesday posted record net income in the fourth quarter of last year, and the company predicted that additional ...| January 26, 2023, Thursday
Elon Musk's 'impulsive' use of Twitter seizes spotlight in Tesla trial
Tesla CEO Elon Musk's impulsive and sometimes inflammatory usage of Twitter took centre stage Wednesday in a trial focused on ...| January 26, 2023, Thursday
New Twitter whistleblower says privacy lapses continued into Musk era
"Twitter does not have the capability to log which, if any, engineers use or abuse GodMode"| January 26, 2023, Thursday
Musk defiant, defends himself in Tesla buyout tweet trial in federal court
Elon Musk returned to federal court to defend himself against a class-action lawsuit that alleges he misled Tesla shareholders ...| January 25, 2023, Wednesday

WHO IS ELON MUSK

Elon Musk

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