BUSINESS TYCOON

• CEO and product architect of

Tesla.
• Owner and CEO of Twitter.
• Founder of Boring Company.
• President of the
philanthropic Musk Foundation.

Elon Musk

SUBMITED BY :ACHAL PRAKASH HIWARE

 BIOGRAPHY
• Elon Reeve Musk FRS (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.; owner and CEO of Twitter, Inc.; founder of The
Boring Company; co-founder of Neuralink and OpenAI; and president of the
philanthropic Musk Foundation.
• With an estimated net worth of around $196 billion as of February 15, 2023,
primarily from his ownership stakes in Tesla and SpaceX,[4][5] Musk is the
second-wealthiest person in the world, according to both the Bloomberg
Billionaires Index and Forbes's real-time billionaires list.
• Musk was born in Pretoria, South Africa, and briefly attended at the University of
Pretoria before moving to Canada at age 18, acquiring citizenship through his
Canadian-born mother.
• Two years later, he matriculated at Queen's University 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. After two days, he
dropped out and with his brother Kimbal, co-founded the online city guide
software company Zip2.
• In 1999, Zip2 was acquired by Compaq for $307 million and Musk co-founded
X.com, a direct bank. X.com merged with Confinity in 2000 to form PayPal,
which eBay acquired for $1.5 billion in 2002.
• With $175.8 million, Musk founded SpaceX in 2002, a spaceflight services company. 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, 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 artificial intelligence research company. The
following year, he co-founded Neuralink—a neurotechnology company developing brain–
computer interfaces—and The Boring Company, a tunnel construction company.
• Musk has also proposed a hyperloop high-speed vactrain transportation system. In 2022,
his acquisition of Twitter for $44 billion was completed.
• Musk has made controversial statements on politics and technology, particularly on
Twitter, and is a polarizing figure.
• He has been criticized for making unscientific and misleading statements, including
spreading COVID-19 misinformation.
• In 2018, the U.S. Securities and Exchange Commission (SEC) sued Musk for falsely
tweeting that he had secured funding for a private takeover of Tesla. Musk stepped down
as chairman of Tesla and paid a $20 million fine as part of a settlement agreement with the
SEC.
Early life
Childhood and family
Further information: Musk family
• Elon Reeve Musk was born on June 28, 1971, in Pretoria, one of South Africa's capital
cities.
• Musk has British and Pennsylvania Dutch ancestry.
• His mother is Maye Musk (née Haldeman), a model and dietitian born
in Saskatchewan, Canada, and raised in South Africa.
• His father, Errol Musk, is a South African electromechanical engineer, pilot, sailor,
consultant, and property developer, who was a half-owner of a Zambian emerald mine
near Lake Tanganyika.
• Musk has a younger brother, Kimbal, and a younger sister, Tosca.
• Musk's family was wealthy during his youth.
• His father was elected to the Pretoria City Council as a representative of the anti-
apartheid Progressive Party, with his children cited as sharing their father's dislike
of apartheid.
• His maternal grandfather, Joshua Haldeman, was an adventurous American-born
Canadian who took his family on record-breaking journeys to Africa and Australia in a
single-engine Bellanca airplane.
• After his parents divorced in 1980, Musk chose to mostly live with his father. [10] Musk
regretted his decision and has become estranged from his father. [23] He has a paternal
half-sister and a half-brother.
 Education
• Musk attended Waterkloof House Preparatory School, Bryanston High School, and
Pretoria Boys High School, from which he graduated.
• Musk applied for a Canadian passport through his Canadian-born mother, knowing
that it would be easier to immigrate to the United States this way. While waiting for his
application to be processed, he attended the University of Pretoria for five months.
• Musk arrived in Canada in June 1989 and lived with a second cousin in Saskatchewan
for a year, working odd jobs at a farm and lumber mill.[35] In 1990, he entered
Queen's University in Kingston, Ontario.
• Two years later, he transferred to the University of Pennsylvania (UPenn), where he
completed studies for a Bachelor of Arts degree in physics and a Bachelor of Science
degree in economics from the Wharton School.
• Although Musk claims he earned the degrees in 1995, UPenn maintains it awarded
them in 1997.
• He reportedly hosted large, ticketed house parties to help pay for tuition, and wrote a
business plan for an electronic book-scanning service similar to Google Books.
• In 1994, Musk held two internships in Silicon Valley: one at the energy storage startup
Pinnacle Research Institute, which investigated electrolytic ultracapacitors for energy
storage, and another at the Palo Alto–based startup Rocket Science Games .
• In 1995, he was accepted to a PhD program in materials science at Stanford
University. However, Musk decided to join the Internet boom, instead dropping out
two days after being accepted and applied for a job at Netscape, to which he
reportedly never received a response.
Business career
• In 1995, Musk, his brother Kimbal, and Greg Kouri founded Zip2.Errol
Musk provided them with $28,000 in funding.
• The company developed an Internet city guide with maps, directions,
and yellow pages, and marketed it to newspapers.
• They worked at a small rented office in Palo Alto, Musk coding the
website every night.
• Eventually, Zip2 obtained contracts with The New York Times and
the Chicago Tribune.
• The brothers persuaded the board of directors to abandon a merger
with CitySearch ; however, Musk's attempts to become CEO were
thwarted. Compaq acquired Zip2 for $307 million in cash in February
1999,and Musk received $22 million for his 7-percent share.
• originally Tesla Motors—was incorporated in 2003 by
Martin Eberhard and Marc Tarpenning, who financed
the company until the Series A round of funding. Both
men played active roles in the company's early
development prior to Musk's involvement.
• Musk led the Series A round of investment in February
2004; he invested $6.5 million, became the majority
shareholder, and joined Tesla's board of directors as
chairman.
• Musk took an active role within the company and
oversaw Roadster product design but was not deeply
involved in day-to-day business operations.
• Following a series of escalating conflicts in 2007, and
the financial crisis of 2007–2008, Eberhard was ousted
from the firm.
• Musk assumed leadership of the company as CEO and
product architect in 2008.
• A 2009 lawsuit settlement with Eberhard designated
Musk as a Tesla co-founder, along with Tarpenning and
two others.
• As of 2019, Musk was the longest-tenured CEO of any
automotive manufacturer globally.
• In 2021, Musk nominally changed his title to "Techno
king" while retaining his position as CEO.
• Tesla first built an electric sports car, the Roadster, in 2008. With sales of about 2,500
vehicles, it was the first serial production all-electric car to use lithium-ion battery
cells.
• Tesla began delivery of its four-door Model S sedan in 2012.[119] A cross-over, the
Model X was launched in 2015.[120] A mass-market sedan, the Model 3, was released
in 2017.
• The Model 3 is the all-time bestselling plug-in electric car worldwide, and in June 2021
it became the first electric car to sell 1 million units globally.
• A fifth vehicle, the Model Y crossover, was launched in 2020.
• The Cybertruck, an all-electric pickup truck, was unveiled in 2019.
• Under Musk, Tesla has also constructed multiple lithium-ion battery and electric
vehicle factories, named Gigafactories.
• Since its initial public offering in 2010,Tesla stock has risen significantly; it became the
most valuable carmaker in summer 2020, and it entered the S&P 500 later that year.
• In October 2021, it reached a market capitalization of $1 trillion, the sixth company in
U.S. history to do so.
• In November 2021, Musk proposed, on Twitter, to sell 10% of his Tesla stock, since
"much is made lately of unrealized gains being a means of tax avoidance".[133] After
more than 3.5 million Twitter accounts supported the sale, Musk sold $6.9 billion of
Tesla stock within a week, and a total of $16.4 billion by year end, reaching the 10%
target. In February 2022, The Wall Street Journal reported that both Elon and Kimbal
Musk were under investigation by the SEC for possible insider trading related to the
sale.
• In 2022, Musk unveiled a robot developed by Tesla, Optimus.
THANKYOU