Elon Musk is the result of a combination of talent and dedication. He always gives new discoveries to this world by thinking about how to go from one success to another without thinking about his achievements. Through his Solar City company, he has made solar power available to the public at an affordable price and also provided an opportunity to drive an electric car through Tesla Motors. Not only this, he has also facilitated space travel through his company SpaceX.
The journey of success we are going to see today is the journey of Elon Musk, the most talented entrepreneur in this world and the hard working man who aims to make all the people of this world live well.
The Birth and Adolescence of Elon Musk
He deferred his admission after only two days in California, deciding to test his luck in the internet boom that was just getting underway. Elon Musk and his brother Kimbal, started a software company called Zip2 in 1995 using $ 28,000 from their father. Musk became a U.S citizen in 2002. As the website began to grow more detailed and faster, newspaper makers began to explore how it could be used. Musk's company has signed contracts with local newspaper makers such as The New York Times and Chicago Tribune to start producing online city guides online. But Zip 2 started to get a lot of obstacles. Board was barred from becoming Musk's CEO. The Board sold the company to CompaQ for $307 million + $34 million in stock options in 1999. Elon received 7%, or $ 22 million.
Elon Musk started an online banking company called X.com as a co-founder, spending $ 10 million from the sale of Zip2. The next year the dot com bubble was fully formed and all the other tech companies backed out and bought another online banking company, X.com Confinity, and its money transfer services, PayPal. X.com decided to focus on this and renamed the company PayPal. It has grown from thousands of users to over 1 million users in just a few years and is loved by all as an easy online payment system.
The Board issue, however, was another issue for Elon Musk. He was fired as CEO due to technical issues surrounding the future of management. Again following this issue the company came to the point of being sold. This time the issue for eBay. At that time, a quarter of the transaction on eBay was completed by PayPal. In 2002, the stock traded for $ 1.5 billion, making it a huge sale compared to Internet company standards. Elon received $ 165 million for his 11.7% stake in PayPal.
It was during this time that Musk began to think about space travel and thought of a miniature experimental greenhouse as Mars Land. Elon decided to start a company when it came to the return flight. He wanted to build a cheap rocket using Vertical Integration and Modular Approach of Software Integration. All of this led to the launch of SpaceX in 2002. This was Musk's vision of a great vision. He funded the project with $ 100 million from his own network. But the company quickly began to make a profit. NASA awarded a contract to SpaceX to develop the Falcon 9 launch vehicle in 2006 and then raised $ 1.6 billion in 2008. He was, however, bent on meeting a more important need than headlines and profit.
Tesla Motors is a brand that has made Musk world famous for its similar public idealism. Elon Musk came in as a leading investor in an early management and invested $ 7.5 million. In addition to his reputation, he took an active role in the company and instigated the use of carbon fiber bodies from Tesla Roadster as design in-charge. He subsequently invested further and became CEO of Tesla Motors in 2008. The company's first car, the Tesla Roadster, has sold 2,500 vehicles in 31 countries.
Elon Musk came up with the idea for Solar City while thinking about the production side of Energy Equation. In 2006 he and his cousins Lyndon and Peter Rive all co-founded. The company provided the finance, design and installation for the solar panel. They also collaborated with Tesla Motors to construct electric car charging stations. In 2014, Solar City employed 6,000 people. Elon Musk promised to build a Solar City in Buffalo City, New York. The company is now the second largest provider of solar power in the US. Musk is its Largest Share Holder. Elon Musk is still investing in future generations.
In 2013, he proposed a concept called Hyper Loop. Developed a concept for a train to transport people from Los Angeles to San Francisco in just 35 minutes. He calls it the Hyperloop, and he estimates it would cost $ 6 billion to build.
No one has been able to stop Elon from successfully launching the 4th launch of SpaceX. Failures and losses became a major lesson for his future goals. Elon continues to travel towards his goals.