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Elon Musk

About Elon Musk

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Who is 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

Latest Updates on Elon Musk

Elon Musk on Wednesday said that he bought the microblogging platform Twitter

Updated On: 27 Jul 2023 | 11:59 AM IST

Tech billionaire Elon Musk's net worth has dropped below $200 billion after Tesla shares recently hit 11-month lows

Updated On: 01 Aug 2023 | 6:07 PM IST

Dorsey, who is now running financial payments platform Block (earlier Square), said that no one should be the CEO of Twitter

Updated On: 01 Aug 2023 | 6:11 PM IST

Elon Musk will provide an additional $6.25 billion in equity financing for the $44 billion buyout

Updated On: 22 Nov 2022 | 9:05 PM IST

Mr Kinney's is quite a persuasive voice and the circular continuum he suggests is for all those looking to create a lasting impact on the world

Updated On: 25 May 2022 | 11:18 PM IST

Twitter's regularly scheduled shareholder meeting Wednesday won't include a vote on Tesla billionaire Elon Musk's $44 billion bid for the social platform.

Updated On: 25 May 2022 | 10:47 PM IST

Earlier this month, about 26 activist organisations and NGOs signed a letter to Twitter advertisers asking them to boycott the platform if Musk makes content moderation changes

Updated On: 02 Aug 2023 | 11:03 AM IST

In response to David Beasley's challenge last year to the super wealthy to end global hunger, Musk said he would sell $6 bn of Tesla stock and donate it to the World Food Programme

Updated On: 23 May 2022 | 8:53 PM IST

In 2018, Elon Musk for the first time replied to Pune techie Pranay Pathole and since then, their exchange of words continues

Updated On: 23 May 2022 | 11:03 AM IST

Musk clearly needs to take a relook at his overall India plan

Updated On: 23 May 2022 | 6:10 AM IST

Tesla Inc Chief Executive Elon Musk has denounced as "utterly untrue" claims in a news report that he sexually harassed a flight attendant on a private jet in 2016.

Updated On: 21 May 2022 | 4:24 PM IST

Elon Musk announced to open a litigation department at Tesla to initiate and execute lawsuits, as the electric car-maker is facing lawsuits over rampant sexually harassment at the workplace

Updated On: 21 May 2022 | 3:32 PM IST

Elon Musk on Friday complained that the White House "has done everything it can to sideline & ignore Tesla."

Updated On: 21 May 2022 | 8:51 AM IST

Tech billionaire Elon Musk recently saw over $12 billion wiped off his net worth following Tesla stock's recent drop and the S&P Global Ratings' decision to boot Tesla from its ESG index.

Updated On: 20 May 2022 | 4:17 PM IST

Billionaire Elon Musk took to Twitter to denounce as "utterly untrue" claims in a news report that he had sexually harassed a flight attendant on a private jet in 2016.

Updated On: 21 May 2022 | 2:13 AM IST

The tweet comes after the Tesla CEO wrote on the platform that he will now vote for Republicans, as conservatives return to the micro-blogging platform

Updated On: 20 May 2022 | 10:39 AM IST

The two will discuss a potential partnership on rural connectivity and deforestation monitoring, according to O Globo

Updated On: 20 May 2022 | 8:59 AM IST

Vijaya Gadde, Twitter's top lawyer and head of policy, also told workers at an all-hands meeting that there is "no such thing as a deal being on hold"

Updated On: 20 May 2022 | 10:00 AM IST

The closely held rocket launch company, of which Musk is founder and chief executive officer, made the payment in 2018 to an unidentified flight attendant

Updated On: 20 May 2022 | 8:52 AM IST

"To be clear, I'm spending <5% (but actually) of my time on the Twitter acquisition. It ain't rocket science!" Elon Musk tweeted

Updated On: 20 May 2022 | 7:34 AM IST