Elon Musk
Co-founder and CEO, TeslaSpaceX Tesla - Neuralink
- The Boring Company
- SolarCity
Elon Musk's Journey so far ...
- After being introduced to computers at the age of 10, Elon Musk soon learned the programming language BASIC. At 12, he developed a game called Blastar which he later sold for $500
- He moved to Canada in 1988 for college but transferred to UPenn, a few years later, from where he eventually graduated
- In 1995, he got into Stanford University for a PhD program but left just after two days. It was the time of the internet boom and Musk wanted to explore
- The same year, he partnered with his brother Kimbal Musk to start Zip2 -- an online maps and guides service -- which was sold to Compaq for $307 million in 1999, earning Elon $22 million
- He used some of the money from the sale to start his next internet venture, X.com, which provided online banking and payment services. In due course, X.com became PayPal and was eventually absorbed by
eBay in 2002 for $1.5 billion, of which Musk took $165 million home - Earlier in 2002, Musk founded a spacecraft company called Space Exploration Technologies or SpaceX to make space travel cheap and better accessible
- In 2004, he became one of the early and primary investors in Tesla -- an electric car company aimed at making the future of transportation more sustainable -- and joined the company’s board as chairman
- In 2008, SpaceX’s Falcon 1 became the first liquid-fuel rocket developed by a private firm to reach the orbit
- The same year, he became the CEO and product architect of Tesla and the company introduced an electric sports car called the Tesla Roadster
- In 2010, Tesla went public raising $226 million
- Tesla acquired SolarCity -- a clean energy company which Musk helped his cousins start -- in 2016
- Later that year, he launched The Boring Company to make transportation faster in cities
- In 2017, he started Neuralink which aims at developing a man-machine interface that could connect the human brain with computers
- Promoting the concept of reusable rockets, SpaceX’s Falcon 9 rocket and Dragon spacecraft took their second flight in 2017
- The Falcon Heavy, which was the world’s most powerful operational rocket of the time, completed its first flight in 2018. The rocket carried a mannequin called ‘Starman’ and Musk’s personal cherry-red Tesla Roadster along, which were launched into space
- Having invested in several other futuristic technology ventures, Elon Musk is one of the richest tech leaders in the world today
Before you go ...
- He was often bullied as a child and once, he was beaten up so bad that he had to be hospitalised
- He is said to have inspired the persona of the character ‘Tony Stark’ played by Robert Downey Jr. and is often referred to as the ‘real-life Iron Man’
- Elon Musk has made guest appearances in many notable Hollywood movies including Iron Man 2 and TV series such as The Big Bang Theory and Young Sheldon
Elon Musk News
The decline highlights the threat from automakers ramping up EV incentives at a difficult time for the industry. Analysts expect an EV sales bump to continue through September in the United States, then drop when federal tax credits expire at the end of the month, raising financial pressure on Tesla and other automakers.
Elon Musk defended X's Community Notes and Grok after Peter Navarro, Trump's advisor, was fact-checked on claims about India's Russian oil purchases. Navarro attacked X, alleging Indian special interests were distorting US debate. India refuted Navarro's remarks as inaccurate, amidst growing strain in India-US relations over trade and energy ties.
Tesla's board is pushing for a massive compensation package for Elon Musk, aiming to increase the company's market cap to $8.5 trillion. This move comes as Tesla shifts its focus from EVs to autonomous driving and AI. Concerns arise regarding Musk's other ventures, potential conflicts of interest, and the lack of a clear succession plan, highlighting governance issues.
Peter Navarro, former Trump advisor, lashed out after being fact-checked on X for spreading misinformation about India's Russian oil purchases. He accused Elon Musk of allowing "propaganda" and reiterated his claim that India is exploiting the situation for profit. Navarro insisted India didn't buy Russian oil before the Ukraine invasion.
Starlink is actively establishing its terrestrial infrastructure in India, engaging in advanced discussions with data center operators, telcos, and internet exchange providers. These strategic partnerships aim to create a robust ecosystem for satellite connectivity at scale, aligning with Indian regulations that mandate local routing and storage of downlink traffic.
Elon Musk, the head of Tesla and SpaceX, might become the first trillionaire. He could receive a massive compensation from Tesla if the company meets growth targets. These targets include increasing market value and producing many vehicles, robotaxis, and robots. Musk must stay as CEO for many years to get the full payment.
Tesla reincorporated in Texas after a Delaware judge rejected Elon Musk's $56 billion pay package. Texas corporate law offers greater protection from legal challenges, allowing Tesla to propose a larger pay deal for Musk.
Tesla has proposed a new pay package for Elon Musk, potentially making him the world's first trillion-dollar executive if he meets aggressive targets, including significant increases in car production, share price, and operating profit. However, Tesla faces challenges such as declining sales in Europe due to Musk's political affiliations and intensifying competition from rivals like BYD.
BMW is set to unveil its electric iX3 SUV, showcasing the 'Neue Klasse' technology aimed at competing with rivals like BYD and Tesla. This new platform, backed by over €10 billion investment, promises enhanced battery range, faster charging, and improved user experience. BMW's strategy contrasts with competitors' all-in EV approach, emphasizing diverse powertrain options.
Tesla's board has proposed a groundbreaking compensation plan for CEO Elon Musk, potentially valued at $1 trillion if ambitious targets are met. This unprecedented package highlights Tesla's confidence in Musk's leadership as the company transitions into a technology powerhouse, with a focus on AI and autonomous systems.
