Elon Musk
Co-founder and CEO, TeslaBirth DetailsJune 28, 1971 | Pretoria, South Africa
NationalityAmerican
LeagueEntrepreneur
EducationBachelor’s degrees in physics and economics, University of Pennsylvania
Net Worth$36.3 billion (as of May 28, 2020)
Elon Musk's Assets:
Elon Musk's Journey so far ...
Before you go ...
- SpaceX
- 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
Last Updated: 15/02/2021
Elon Musk News
- Reddit may need to ramp up spending on content moderation, analysts sayThe newly listed company had warned in its initial public offering (IPO) paperwork that it depended on moderators to "engage in good faith", and risked being perceived as condoning "offensive, inappropriate, hostile, or otherwise objectionable content" due to its approach to moderation.
- Tesla trims output of cars in China amid slower EV sales growthThe company earlier in March told employees at its Shanghai factory to lower output of both the Model Y sport utility vehicle and Model 3 sedan.
- How Reddit stacks up against social media peersReddit's market debut raises questions on its comparison with social media giants. Despite niche user base, it lags in revenue and valuation. Strong ad growth but lower user numbers compared to peers like Meta.
- Paralyzed man fit with brain chip developed by Elon Musk's firm Neuralink plays online chessNeuralink is not the only company working on brain devices and brain chips that connect with computers. University of Technology Sydney is working on a project to show how soldiers can use their brain signals to control a robot dog. Know about brain chips and implants in detail.
- Reddit set for hotly anticipated debut after pricing IPO at top of rangeSocial media platform Reddit geared up for its high-profile market debut on the New York Stock Exchange on Thursday, in a test of investor appetite for companies looking to go public this year.
- SC stays govt’s fact-check unit; no CCI relief for Indian internet firmsThe apex court has put on hold the Centre's notification on setting up a fact-checking unit. Details on this and more in today’s ETtech Top 5.
- Soon, play chess with just your mind; Courtesy Elon Musk's NeuralinkNeuralink, Elon Musk's brain-chip startup, livestreamed its first implanted patient using a chip to play online chess.
- Elon Musk's Neuralink shows first brain-chip patient playing online chessNoland Arbaugh, the 29-year-old patient who was paralyzed below the shoulder after a diving accident, played chess on his laptop and moved the cursor using the Neuralink device. The implant seeks to enable people to control a computer cursor or keyboard using only their thoughts.
- Have high import tariffs helped India improve manufacturing & counter China?The government has successfully used tariff protection in some segments, but the policy needs a review if the country has to see improvements in efficiency and sustainability fronts.
- Musk-backed Swisspod eyes opportunity in India hyperloop feasibility studySwisspod Technologies, backed by Elon Musk, plans to establish a presence in India by collaborating on commercial hyperloop systems. CEO Denis Tudor suggests the Indian government finance a feasibility study for joint ventures. Swisspod, engaged with TuTr Hyperloop, eyes India for sourcing and developing components, with a focus on cost-effective cargo movement.
- Tesla’s troubles raise questions about its invincibilityThere are proliferating signs that Tesla may not be as unstoppable as it once seemed. The company’s car sales are no longer growing at a torrid pace. Chinese automakers and established brands such as BMW and Volkswagen are flooding the market with electric cars. And Tesla has been slow to respond with new models.
- Musk defends his ketamine use as beneficial for investors in new videoMusk said the drug helps him manage a "negative chemical state" similar to depression in the interview conducted this month that also touched on politics, content moderation on X and Tesla.
- BMW and other German automakers express fear over new EV policy favoring new entrantsGerman companies express concerns over India's new EV policy favoring new entrants with lower import rates, seeking fair treatment for early investments in localisation. Korean automakers, local embassies also advocate for a level-playing field in the industry.
- In latest AI war escalation, Elon Musk releases chatbot codeBy opening the code up for everyone to view and use -- known as open sourcing -- Musk waded further into a heated debate in the AI world over whether doing so could help make the technology safer, or simply open it up to misuse.
- Eutelsat OneWeb looks to pull ahead of Starlink, Jio in satellite broadband raceTop company officials said Eutelsat OneWeb has received the demo or 'trial' satellite spectrum in both the 'Ka' and 'Ku' bands for a 90-day span via the administrative route at a nominal application fee. To be sure, unlike rival Starlink, which will directly offer retail users satellite internet services, Eutelsat OneWeb will operate purely on a B2B model.
- Musk's SpaceX is building spy satellite network for US intelligence agency, sources sayThe network is being built by SpaceX's Starshield business unit under a $1.8 billion contract signed in 2021 with the National Reconnaissance Office (NRO), an intelligence agency that manages spy satellites, the sources said.
- Elon Musk's SpaceX is building spy satellite network for US intelligence agencyThe network is being built by SpaceX's Starshield business unit under a $1.8 billion contract signed in 2021 with the National Reconnaissance Office (NRO), an intelligence agency that manages spy satellites, the sources said.
- Tesla Germany staff to elect new council to gain control over work conditionsThe elections for the new works council, to be held on March 18-20, are aimed at filling 39 seats, according to IG Metall, the top German trade union which has put forward 106 candidates in an attempt to get a majority.
- Tesla at the gates, India rolls out red carpet for global EV makersUnder the new EV policy, companies pledging to manufacture in India can import up to 8,000 EVs annually at a substantially reduced customs duty rate of 15%. The policy document stipulates the allowance for the carryover of any unused annual import quotas
- Pitch to Tesla, India readies the red carpet for global majors with new EV policyIndia introduced a scheme offering concessional tariffs to global EV players like Tesla. The policy aims to boost electric passenger car manufacturing by providing incentives for fresh investments and maintaining import duty regulations to encourage local production. Commenting on the move, Mahendra Nath Pandey, Union Minister for Heavy Industries said, “Companies setting up manufacturing facilities for EVs will be allowed a limited import of cars at lower custom duties.”
- Watch: SpaceX Starship test flight achieves significant milestones despite losing contact during reentrySpaceX's mega-rocket blasted off on another test flight Thursday and travelled farther than on two previous attempts, but the spacecraft was lost as it descended to Earth. The company said it lost contact with the spacecraft as it neared its goal, a splashdown in the Indian Ocean, about an hour after liftoff from the southern tip of Texas near the Mexican border.Watch: SpaceX Starship test flight achieves significant milestones despite losing contact during reentry
- SpaceX Starship disintegrates after completing most of third test flightSpaceX's Starship rocket disintegrated on return from a test flight, losing communication during re-entry. NASA congratulated SpaceX for the mission, highlighting the progress made despite the setbacks, aiming to send astronauts to the moon in the future.
- Third test flight of SpaceX's mega rocket ends with loss of spacecraftThe company said it lost contact with the spacecraft as it neared its goal, a splashdown in the Indian Ocean, about an hour after liftoff from the southern tip of Texas near the Mexican border.
- US ban on TikTok would rob Joe Biden, Democrats of 2024 election toolBiden's campaign got thousands of "likes" on Tuesday for a TikTok video skewering Republican rival Donald Trump about cutting Social Security spending. But the comments were focused on another issue altogether: the proposed ban.
- Elon Musk's X cancels partnership with former CNN anchor Don LemonSocial media platform X cancels partnership with Don Lemon after he announces Elon Musk as first guest for his new show. Lemon, fired from CNN last year, was set to host an exclusive show covering politics, culture, sports, and entertainment.
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