Elon Musk, A Business Magnate and Investor | InformativeBD

 

Source- Wikipedia.org

Elon Reeve Musk FRS (/ˈiːlɒn/ EE-lon; born June 28, 1971) is a business magnate and investor. He is the founder, CEO, and chief engineer of SpaceX; angel investor, CEO, and product architect of Tesla, Inc.; founder of The Boring Company; and co-founder of Neuralink and OpenAI. With an estimated net worth of around $238 billion as of September 26, 2022,Musk is the wealthiest person in the world according to both the Bloomberg Billionaires Index and Forbes' real-time billionaires list.

Musk was born and grew up in Pretoria, South Africa,. He attended the University of Pretoria before moving to Canada at age 17, acquiring citizenship through his Canadian-born mother. Two years later, he matriculated at Queen's University (Ontario) and transferred to the University of Pennsylvania, where he received bachelor's degrees in economics and physics. He moved to California in 1995 to attend Stanford University but decided to instead pursue a business career, co-founding the web software company Zip2 with his brother, Kimbal. The startup was acquired by Compaq for $307 million in 1999. The same year, Musk co-founded the online bank X.com, which merged with Confinity in 2000 to form PayPal. eBay bought PayPal in 2002 for $1.5 billion.

In 2002, Musk founded SpaceX, an aerospace manufacturer and space transport services company, and is its CEO and chief engineer. In 2004, he was an early investor in the electric vehicle manufacturer Tesla Motors, Inc. (now Tesla, Inc.). He became its chairman and product architect, eventually assuming the position of CEO in 2008. In 2006, he helped create SolarCity, a solar energy company that was later acquired by Tesla and became Tesla Energy. In 2015, he co-founded OpenAI, a nonprofit research company promoting friendly artificial intelligence (AI). In 2016, he co-founded Neuralink, a neurotechnology company focused on developing brain–computer interfaces, and he founded The Boring Company, a tunnel construction company. Musk has proposed a hyperloop high-speed vactrain transportation system and is the president of the Musk Foundation, which donates to scientific research and education.

Musk has been criticized for making unscientific and controversial statements, such as spreading misinformation about the COVID-19 pandemic and promoting contentious perspectives regarding politics and various technologies, especially on Twitter. In 2018, the U.S. Securities and Exchange Commission (SEC) sued Musk for tweeting that he had secured funding for a private takeover of Tesla, which the SEC characterized as false and misleading. He settled with the SEC but did not admit guilt, and he temporarily stepped down from his Tesla chairmanship. In 2019, he won a defamation case brought against him by a British caver who had advised in the Tham Luang cave rescue. In 2022, Musk agreed to purchase Twitter for $44 billion but later submitted a termination letter of the deal, leading to lawsuits between both parties. However, Musk later decided to move forward with the purchase.

Elon Musk co-founded

Elon Musk co-founded and leads Tesla, SpaceX, Neuralink and The Boring Company.

As the co-founder and CEO of Tesla, Elon leads all product design, engineering and global manufacturing of the company's electric vehicles, battery products and solar energy products.

Since the company’s inception in 2003, Tesla’s mission has been to accelerate the world’s transition to sustainable energy. The first Tesla product, the Roadster sports car, debuted in 2008, followed by the Model S sedan, which was introduced in 2012, and the Model X SUV, which launched in 2015. Model S received Consumer Reports’ Best Overall Car and has been named the Ultimate Car of the Year by Motor Trend, while Model X was the first SUV ever to earn 5-star safety ratings in every category and sub-category in the National Highway Traffic Safety Administration’s tests. In 2017, Tesla began deliveries of Model 3, a mass-market electric vehicle with more than 320 miles of range, and unveiled Tesla Semi, which is designed to save owners at least $200,000 over a million miles based on fuel costs alone. In 2019, Tesla unveiled Cybertruck, which will have better utility than a traditional truck and more performance than a sports car, as well as the Model Y compact SUV, which began customer deliveries in early 2020.

Tesla also produces three energy storage products, the Powerwall home battery, the Powerpack commercial-scale battery, and Megapack, which is designed for utility-scale installations. In 2016, Tesla became the world’s first vertically-integrated sustainable energy company with the acquisition of SolarCity, the leading provider of solar power systems in the United States, and in 2017 released Solar Roof – a beautiful and affordable energy generation product.

As lead designer at SpaceX, Elon oversees the development of rockets and spacecraft for missions to Earth orbit and ultimately to other planets. In 2008, the SpaceX Falcon 1 was the first privately developed liquid fuel rocket to reach orbit, and SpaceX made further history in 2017 by re-flying both a Falcon 9 rocket and Dragon spacecraft for the first time. Soon after, Falcon Heavy, the most powerful operational rocket in the world by a factor of two, completed its first flight in 2018. In 2019, SpaceX’s crew-capable version of the Dragon spacecraft completed its first demonstration mission, and the company will fly NASA astronauts to the International Space Station for the first time in 2020. Building on these achievements, SpaceX is developing Starship – a fully reusable transportation system that will carry crew and cargo to the Moon, Mars and beyond ­– and Starlink, which will deliver high speed broadband internet to locations where access has been unreliable, expensive, or completely unavailable. By pioneering reusable rockets, SpaceX is pursuing the long-term goal of making humans a multi-planet species by creating a self-sustaining city on Mars.

Elon is also CEO of Neuralink, which is developing ultra-high bandwidth brain-machine interfaces to connect the human brain to computers.

He also launched The Boring Company, which combines fast, affordable tunneling technology with an all-electric public transportation system in order to alleviate soul-crushing urban congestion and enable high-speed, long-distance travel. The Boring Company built a 1.15 mile R&D tunnel in Hawthorne, and is currently constructing Vegas Loop, a public transportation system at the Las Vegas Convention Center.

Previously, Elon co-founded and sold PayPal, the world's leading Internet payment system, and Zip2, one of the first internet maps and directions services.

Source: Tesla.com Wikipedia.org