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US77701045 -Elon Musk is the charismatic co-founder of PayPal (PYPL) and Tesla (TSLA)

Elon Musk is one of the great entrepreneurial innovators of our time..Visionary entrepreneur Elon Musk is the charismatic co-founder of PayPal (PYPL) and Tesla (TSLA), as well as the founder of SpaceX, Neuralink, and The Boring Company. He serves as CEO of Tesla and CEO/lead designer of SpaceX.

His astounding success has given rise to comparisons to other visionary businessmen, such as Steve Jobs, Howard Hughes, Henry Ford, and Bill Gates. After an often difficult childhood, Musk developed a relentless work ethic (he is known to work as many as 80 to 120 hours per week) and a tenacious, single-minded vision.1 As of 2021, he has an estimated total net worth of $151 billion. He is surpassed only by Jeff Bezos as the richest person in the world.

Let's look briefly at the life of the man behind a string of companies that have disrupted multiple industries.

Early Accomplishments If there was a point of bright escape for Musk; it was technology. When he was only 10, he became acquainted with programming via the Commodore VIC-20, an inexpensive home computer. Before long, he had become proficient enough to create Blastar—a video game in the style of Space Invaders. He sold the BASIC code for the game to a magazine called PC and Office Technology for $500.11 In one telling incident at that time, Musk, along with his brother, planned to open a video game arcade near their school. Ultimately, their parents nixed the plan. But apparently, the only thing stopping them was the need for a city permit, for which an adult had to apply.

Currently, Mr. Murthy serves on the boards of the Institute for Advanced Study at Princeton, New Jersey, and the United Nations Foundation. He has served on the boards of Ford Foundation in New York, HSBC, and Unilever in London.

Notable Accomplishments Musk was 24 years old when he moved to California to pursue a Ph.D. in applied physics at Stanford University. But, with the Internet exploding and Silicon Valley booming, Musk had entrepreneurial visions dancing in his head. He left the Ph.D. program after just two days.17He is a member of the advisory board of the University of Tokyo (Japan), ESSEC Business School (France), IESE Business School (Spain) and Fundação Dom Cabral (FDC – Brazil). He is also a member of the Board of Governors and Trustees of the Asian Institute of Management, Manila.

Tesla First, he contributed funding—about $70 million.7 Then, in 2004, Musk joined engineers Martin Eberhard and Marc Tarpenning to help run Tesla Motors, where Musk was integral in designing the Tesla Roadster, an electric car. Although After Eberhard was ousted from the firm in 2007, following a series of disagreements, Musk seized management control as CEO and product architect. Under his watch, Tesla has become one of the world’s most popular and coveted car brands. In addition to producing electric vehicles, Tesla maintains a robust presence in the solar energy space, thanks to its acquisition of SolarCity.23 Founded in 2006, this clean-energy-services company currently produces two rechargeable solar batteries, mainly used for stationary energy storage purposes.24 The smaller Powerwall was developed for home backup power and off-the-grid use, while the larger Powerpack is intended for commercial or electric utility grid use.

SpaceX Musk used much of the proceeds of his PayPal sale to found Space Exploration Technologies Corporation, commonly known as SpaceX, an interstellar travel company. By his own account, Musk spent $100 million to found SpaceX in 2002. With SpaceX, Musk landed several high-profile contracts with NASA and the U.S. Air Force to design rockets and conduct military missions. Musk has been vocal about his plans to send an astronaut to Mars by 2025 in a collaborative effort with NASA.27He has also served on the international advisory boards of Yale University, University of Illinois at Urbana-Champaign, William F. Achtmeyer Center for Global Leadership at the Tuck School of Business, Singapore Management University INSEAD, Asian Institute of Technology (Bangkok), the Indian School of Business (Hyderabad), and the International Institute of Information Technology, Bangalore.

Elon Musk - Interview Transcripts from Time Magazine - India 2021

Q's: On being the richest person in the world?

Answer: “Well, I think there’s like some, you know, sovereigns. I think [Russia’s] President Putin is significantly richer than me. I can’t invade countries and stuff.”

Q's: On income inequality

Answer: “When looking at income and asset distribution, it is very important to normalize that for age. So as societies age, there are more older people; the older somebody is, the richer they are. But a lot of the push for higher government involvement and expropriation of assets by the government is pushed by a bunch of politicians who are actually saying that resources shouldn’t be in control of private individuals. They should be in control of the government.”

Q's: Being a “utopian anarchist”

Answer:“If there’s a utopia where people have access to any goods or services that they want, there’s plenty for everyone. If we have a highly automated future with the robots that can do anything, then any work you do will be because you want to do it, not because you have to do it. I don’t mean to suggest chaos, but rather that you’re not under anyone’s thumb.”

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