Elon Musk biography And More – 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.; founding father of The Boring Company; and co-founder of Neuralink and OpenAI. With an estimated internet value of round $238 billion as of September 26, 2022, Musk is the wealthiest individual on the earth based on each the Bloomberg Billionaires Index and Forbes’ real-time billionaires checklist.
Musk was born and grew up in Pretoria, South Africa. He attended the University of Pretoria earlier than shifting to Canada at age 17, buying citizenship by his Canadian-born mom. Two years later, he matriculated at Queen’s University (Ontario) and transferred to the University of Pennsylvania, the place he acquired bachelor’s levels in economics and physics.
He moved to California in 1995 to attend Stanford University however determined to as an alternative pursue a enterprise profession, co-founding the net software program firm Zip2 along with his brother, Kimbal. The startup was acquired by Compaq for $307 million in 1999. The similar 12 months, Musk co-founded the net financial institution X.com, which merged with Confinity in 2000 to type PayPal. eBay purchased PayPal in 2002 for $1.5 billion.
In 2002, Musk based SpaceX, an aerospace producer and area transport companies firm, and is its CEO and chief engineer. In 2004, he was an early investor within the electrical automobile producer Tesla Motors, Inc. (now Tesla, Inc.). He turned its chairman and product architect, ultimately assuming the place of CEO in 2008. In 2006, he helped create SolarCity, a photo voltaic vitality firm that was later acquired by Tesla and have become Tesla Energy. In 2015, he co-founded OpenAI, a nonprofit analysis firm selling friendly artificial intelligence (AI).
In 2016, he co-founded Neuralink, a neurotechnology firm centered on creating brain–computer interfaces, and he based The Boring Company, a tunnel building firm. Musk has proposed a hyperloop high-speed vactrain transportation system and is the president of the Musk Foundation, which donates to scientific analysis and training.
Musk has been criticized for making unscientific and controversial statements, equivalent to spreading misinformation about the COVID-19 pandemic and selling contentious views concerning politics and numerous applied sciences, particularly on Twitter. In 2018, the U.S. Securities and Exchange Commission (SEC) sued Musk for tweeting that he had secured funding for a personal takeover of Tesla, which the SEC characterised as false and deceptive.
He settled with the SEC however didn’t admit guilt, and he briefly stepped down from his Tesla chairmanship. In 2019, he gained a defamation case introduced in opposition to him by a British caver who had suggested within the Tham Luang cave rescue. In 2022, Musk agreed to purchase Twitter for $44 billion however later submitted a termination letter of the deal, resulting in lawsuits between each events. However, Musk later determined to maneuver ahead with the acquisition.
Elon Musk biography : Education
He attended Waterkloof House Preparatory School, Bryanston High School and graduated from Pretoria Boys High School. Musk utilized for a Canadian passport through his Canadian-born mom, understanding that it could be simpler to immigrate to the United States this manner. While ready for the documentation, he attended the University of Pretoria for 5 months; this allowed him to keep away from obligatory service within the South African Defence Force.
Musk arrived in Canada in June 1989 and lived with a second cousin in Saskatchewan for a yr, working odd jobs at a farm and lumber-mill. In 1990, he entered Queen’s University in Kingston, Ontario. Two years later, he transferred to the University of Pennsylvania, the place he accomplished research for a Bachelor of Arts diploma in physics and a Bachelor of Science diploma in economics from the Wharton School in 1995.
In 1994, Musk held two internships in Silicon Valley: one on the vitality storage startup Pinnacle Research Institute, which investigated electrolytic ultracapacitors for vitality storage, and one other on the Palo Alto-based startup Rocket Science Games. In 1995, he was accepted to a Doctor of Philosophy (PhD) program in materials science at Stanford University. However, Musk determined to affix the Internet boom as an alternative and utilized for a job at Netscape, to which he reportedly by no means acquired a response.
Childhood and household
Further data: Musk family
Elon Reeve Musk was born on June 28, 1971, in Pretoria, one of many capital cities of South Africa, and was baptized into an Anglican church. Musk has British and Pennsylvania Dutch ancestry. His mom is Maye Musk (née Haldeman), a mannequin and dietitian born in Saskatchewan, Canada and raised in South Africa.
His father is Errol Musk, a South African electromechanical engineer, pilot, sailor, guide, and property developer who was a half-owner of a Zambian emerald mine close to Lake Tanganyika. Musk has a youthful brother, Kimbal, (born 1972) and a youthful sister, Tosca, (born 1974).
Musk’s household was rich throughout his youth. His father was elected to the Pretoria City Council as a consultant of the anti-apartheid Progressive Party, along with his kids reportedly sharing their father’s dislike of apartheid. His maternal grandfather, Joshua Haldeman, was an adventurous American-born Canadian who took his household on record-breaking journeys in a single-engine Bellanca airplane to Africa and Australia.
After his dad and mom divorced in 1980, Musk principally lived along with his father. Musk later regretted his resolution as a result of he has turn into estranged from his father. He has a paternal half-sister and a half-brother.
In his biography, Ashlee Vance described Musk as an ungainly and introverted little one. When Musk was age ten, he developed an curiosity in computing and video video games, instructing himself program from his Commodore VIC-20 consumer guide. At age twelve, he offered his BASIC-based sport Blastar to PC and Office Technology journal for roughly $500.
Business career
Zip2
In 1995, Musk, his brother Kimbal, and Greg Kouri based Zip2. In Ashlee Vance’s biography of Elon Musk, it’s claimed that the Musks’ father, Errol Musk, offered them with US$28,000 throughout this time, however Elon Musk later denied this, claiming that his father invested in a later spherical of funding.The firm developed an Internet city guide with maps, instructions, yellow pages, and marketed it to newspapers. They labored at a small rented workplace in Palo Alto, with Musk coding the web site in each night time.
Eventually, Zip2 obtained contracts with The New York Times and the Chicago Tribune. The brothers persuaded the board of administrators to desert a merger with CitySearch;nevertheless, Musk’s makes an attempt to develop into CEO himself had been thwarted. Compaq acquired Zip2 for $307 million in money in February 1999,and Musk obtained $22 million for his 7-percent share.
X.com and PayPal
Later in 1999, Musk co-founded X.com, an internet monetary companies and e-mail cost firm. X.com was one of many first federally insured on-line banks and over 200,000 clients joined after its preliminary months of operation. Even although Musk based the corporate, traders regarded him as inexperienced and changed with Intuit CEO Bill Harris by the top of the 12 months.
In 2000, X.com merged with on-line financial institution Confinity to keep away from competitors as Confinity’s money-transfer service PayPal was extra in style than X.com’s service. Musk then returned as CEO of the merged firm. His choice for Microsoft over Unix-based software program triggered a rift among the many firm’s workers and Peter Thiel, Confinity’s founder, to resign. In addition to compounding technological points and an absence of a cohesive enterprise mannequin, the board ousted Musk and changed him with Thiel in September 2000. Under Thiel, the corporate targeted on the cash switch service and renamed as PayPal in 2001.
The subsequent 12 months, PayPal was acquired by eBay for $1.5 billion in inventory, of which Musk—the most important shareholder with 11.72% of shares—obtained $175.8 million. More than one and a half a long time later, Musk bought the area X.com from PayPal in 2017 due to his private sentimental worth.
SpaceX and Starlink
Early days
In early 2001, Musk turned concerned with the nonprofit Mars Society and mentioned funding plans to position a growth-chamber for plants on Mars. In October the identical yr, he traveled to Moscow with Jim Cantrell and Adeo Ressi to purchase refurbished intercontinental ballistic missiles (ICBMs) that might ship the greenhouse payloads into area. He met with firms NPO Lavochkin and Kosmotras; nevertheless, Musk was seen as a novice and the group returned to the United States empty-handed.
In February 2002, the group returned to Russia with Mike Griffin (president of In-Q-Tel) to search for three ICBMs. They had one other assembly with Kosmotras and have been provided one rocket for $8 million, which Musk rejected. He as an alternative determined to start out an organization that might construct reasonably priced rockets. With $100 million of his early fortune, Musk based SpaceX in May 2002 and have become the corporate’s CEO and Chief Engineer.
First launches
SpaceX tried its first launch of the Falcon 1 rocket in 2006. Though the rocket failed to succeed in Earth orbit, it was awarded a Commercial Orbital Transportation Services program contract from NASA Administrator (and former SpaceX advisor ) Mike Griffin later that yr. After two extra failed makes an attempt that just about brought on Musk and his firms to bankrupt, SpaceX succeeded in launching the Falcon 1 into orbit in 2008.
Later that yr, SpaceX obtained a $1.6 billion Commercial Resupply Services program contract from NASA for 12 flights of its Falcon 9 rocket and Dragon spacecraft to the International Space Station, changing the Space Shuttle after its 2011 retirement. In 2012, the Dragon car berthed with the ISS, a primary for a non-public enterprise. Musk credited the NASA award, one of many final actions by Mike Griffin as NASA Administrator, for saving the corporate.
First profitable touchdown
Working in the direction of its purpose of reusable rockets, in 2015 SpaceX efficiently landed the primary stage of a Falcon 9 on an inland platform. Later landings had been achieved on autonomous spaceport drone ships, an ocean-based restoration platform. In 2018, SpaceX launched the Falcon Heavy; the inaugural mission carried Musk’s private Tesla Roadster as a dummy payload. Since 2019, SpaceX is growing Starship, a fully-reusable, super-heavy-lift launch vehicle meant to exchange the Falcon 9 and Heavy. In 2020, SpaceX launched its first crewed flight, the Demo-2, turning into the primary non-public firm to position astronauts into orbit and dock a crewed spacecraft with the ISS.
Starlink improvement
SpaceX started improvement of the Starlink constellation of low Earth orbit satellites in 2015 to supply satellite Internet access, with the primary two prototype satellites launched in February 2018. A second set of take a look at satellites and the primary giant deployment of a chunk of the constellation occurred in May 2019, when the primary 60 operational satellites had been launched. The complete price of the decade-long mission to design, construct, and deploy the constellation is estimated by SpaceX to be about $10 billion. Some critics, together with the International Astronomical Union, have alleged that Starlink blocks the view of the sky and poses a collision risk for spacecraft.
Starlink and Russian invasion of Ukraine
During the 2022 Russian invasion of Ukraine, Musk despatched Starlink terminals to Ukraine to [[Starlink satellite services in Ukraine |provide internet access and communication]], an motion praised by Ukrainian president Volodymyr Zelenskyy. However, he refused to dam Russian state media on Starlink, declaring himself “a free speech absolutist.” In October 2022, Musk revealed that about 20,000 satellite tv for pc terminals had been donated to Ukraine, costing SpaceX $80 million. He later said that the corporate might now not finance the providers and requested funding from the Department of Defense to cowl the price of upkeep and extra models.
Tesla
Tesla, Inc.—initially Tesla Motors—was included in 2003 by Martin Eberhard and Marc Tarpenning, who financed the corporate till the Series A round of funding. Both males performed energetic roles within the firm’s early growth previous to Musk’s involvement.
Musk led the Series A spherical of funding in February 2004; he invested $6.5 million, turned the bulk shareholder, and joined Tesla’s board of administrators as chairman. Musk took an energetic position throughout the firm and oversaw Roadster product design however was not deeply concerned in day-to-day enterprise operations.
Following a sequence of escalating conflicts in 2007 and the 2008 financial crisis, Eberhard was ousted from the agency. Musk assumed management of the corporate as CEO and product architect in 2008. A 2009 lawsuit settlement with Eberhard designated Musk as a Tesla co-founder, together with Tarpenning and two others. As of 2019, Musk was the longest-tenured CEO of any automotive producer globally. In 2021, Musk nominally modified his title to “Technoking” whereas retaining his place as CEO.
Tesla first constructed an electrical sports activities automotive, the Roadster, in 2008. With gross sales of about 2,500 automobiles, it was the primary serial production all-electric automotive to make use of lithium-ion battery cells. Tesla started supply of its four-door Model S sedan in 2012.
A cross-over, the Model X was launched in 2015. A mass market sedan, the Model 3, was launched in 2017. The Model 3 is the all-time bestselling plug-in electrical automotive worldwide, and in June 2021 it turned the primary electrical automotive to promote 1 million models globally. A fifth car, the Model Y crossover, was launched in 2020.
The Cybertruck—an all-electric pickup truck—was unveiled in 2019. Under Musk, Tesla has additionally constructed a number of lithium-ion battery and electrical car factories named Gigafactories.
Since its initial public offering in 2010, Tesla inventory has risen considerably; it turned essentially the most beneficial carmaker in summer time 2020, and it entered the S&P 500 later that yr. In October 2021 it reached a market capitalization of $1 trillion, the sixth firm to take action in US historical past. On November 6, 2021, Musk proposed on Twitter promoting 10% of his Tesla inventory, since “much is made lately of unrealized gains being a means of tax avoidance”.
After greater than 3.5 million Twitter accounts supported the sale, Musk offered $6.9 billion of Tesla inventory within the week ending November 12, and a complete of $16.4 billion by yr finish, reaching the ten% goal. In February 2022, The Wall Street Journal reported that each Elon and Kimbal Musk have been below investigation by the SEC for potential insider buying and selling associated to the sale.
SEC lawsuit
In 2018, Musk was sued by the SEC for a tweet claiming funding had been secured for probably taking Tesla personal. The lawsuit characterised the tweet as false, deceptive, and damaging to traders, and sought to bar Musk from serving as CEO of publicly traded companies. Two days later, Musk settled with the SEC, with out admitting or denying the SEC’s allegations.
As a outcome, Musk and Tesla have been fined $20 million every, and Musk was pressured to step down for 3 years as Tesla chairman however was capable of stay as CEO. Musk has said in interviews he doesn’t remorse posting the tweet that triggered the SEC investigation. In April 2022, the shareholder who sued Musk over the tweet together with a number of Tesla shareholders mentioned {that a} federal decide had dominated that the tweet was false, though the ruling in query has not been unsealed.
In 2019, Musk said in a tweet that Tesla would construct half a million automobiles that yr. The SEC reacted to Musk’s tweet by submitting in courtroom, asking the courtroom to carry him in contempt for violating the phrases of a settlement settlement with such a tweet, which was disputed by Musk. This was ultimately settled by a joint settlement between Musk and the SEC clarifying the earlier settlement particulars.
The settlement included a listing of subjects that Musk would want preclearance earlier than tweeting about. In 2020, a decide prevented a lawsuit from continuing that claimed a tweet by Musk concerning Tesla inventory value (“too excessive imo”) violated the settlement. FOIA launched data displaying that the SEC itself concluded Musk has subsequently violated the settlement twice by tweeting concerning “Tesla’s solar roof production volumes and its stock price”.
SolarCity and Tesla Energy
Musk supplied the preliminary idea and monetary capital for SolarCity, which his cousins Lyndon and Peter Rive based in 2006. By 2013, SolarCity was the second largest supplier of solar energy methods within the United States. In 2014 Musk promoted the thought of SolarCity constructing a complicated manufacturing facility in Buffalo, New York, triple the scale of the biggest photo voltaic plant within the United States.
Construction on the factory began in 2014 and was accomplished in 2017. It operated as a three way partnership with Panasonic till early 2020.
Tesla acquired SolarCity for over $2 billion in 2016 and merged it with its battery unit to create Tesla Energy. The announcement of the deal resulted in a greater than 10% drop in Tesla’s inventory worth. At the time, SolarCity was dealing with liquidity points. Multiple shareholder teams filed a lawsuit towards Musk and Tesla’s administrators, claiming that the acquisition of SolarCity was executed solely to profit Musk and got here on the expense of Tesla and its shareholders. Tesla administrators settled the lawsuit in January 2020, leaving Musk the only real remaining defendant Two years later, the court docket dominated in Musk’s favor.
Leadership style
Musk is usually described as a micromanager and has referred to as himself a “nano-manager”. Musk doesn’t make formal business plans; as an alternative, he prefers to strategy engineering issues with an iterative design methodology and lenience with failures. Musk has pressured staff to undertake the corporate’s personal jargon and launched bold, expensive and dangerous tasks towards his advisors’ suggestions, corresponding to eradicating front-facing radar from Tesla Autopilot.
Musk’s insistence in vertical integration trigger his corporations to maneuver a lot of the manufacturing in-house. While this resulted in saved prices for SpaceX’s rocket, vertical integration has induced many usability issues for Tesla’s software program.
Musk’s dealing with of staff—who he communicates straight with by means of mass emails—has been characterised as “carrot and stick”, rewarding those that supply constructive criticism whereas additionally being identified to threaten, swear and fireplace his staff impulsively. Musk expects his staff to work for lengthy hours, generally for 80 hours per week, which most staff are conscious and prepared to satisfy the calls for whereas a couple of left due to it.
He typically fires staff in sprees, corresponding to throughout Model 3 “production hell” in 2018, when Musk additionally slept on the manufacturing facility flooring to set an instance for employees. In 2022, Musk revealed plans to fireside 10 % of Tesla’s workforce attributable to his issues in regards to the financial system. That identical month, he suspended remote work at SpaceX and Tesla and threatened to fireside staff who don’t work 40 hours per week within the workplace.
Musk’s management has been praised by some, who credit score it with the success of Tesla and his different endeavors, and criticized by others as callous and demanding. The 2021 e-book Power Play incorporates anecdotes of Musk berating staff. The Wall Street Journal reported that, after Musk insisted on branding his automobiles as “self-driving”, he confronted criticism from his engineers for placing buyer lives in danger, some resigned in response.The New York Times characterised Musk’s strategy as absolutism.
Media appearances
Musk has made cameos and appearances in movies comparable to Iron Man 2 (2010), Machete Kills (2013), Why Him? (2016), and Men in Black: International (2019). Television sequence on which he has appeared embrace The Simpsons (“The Musk Who Fell to Earth”, 2015), The Big Bang Theory (“The Platonic Permutation”, 2015), South Park (“Members Only”, 2016),
Rick and Morty (“One Crew over the Crewcoo’s Morty”, 2019), Young Sheldon (“A Patch, a Modem, and a Zantac®”, 2017) and Saturday Night Live (2021). He contributed interviews to the documentaries Racing Extinction (2015) and the Werner Herzog-directed Lo and Behold (2016).
Personal life
From the early 2000s till late 2020, Musk resided in California the place each Tesla and SpaceX have been based. In 2020, he moved to Texas, stating that California had develop into “complacent” with its financial success. While internet hosting Saturday Night Live in May 2021, Musk acknowledged that he has Asperger syndrome.
He obtained some criticism from autism self-advocates for utilizing the time period since “Asperger Syndrome” had been deprecated within the DSM-5 and its analysis subsumed beneath the broader class of Autism Spectrum Disorder.
Musk met his first spouse, Canadian Justine Wilson, whereas attending Queen’s University in Ontario, Canada, and so they married in 2000. In 2002, their first youngster died of sudden infant death syndrome on the age of 10 weeks. After his loss of life, the couple determined to make use of IVF to proceed their household. They had twins in 2004 adopted by triplets in 2006.
The couple divorced in 2008 and shared custody of their kids. n 2022, one of many twins formally changed her name to mirror her gender identity, and to make use of Wilson as her final identify as a result of she now not wished to be related to Musk. In an October 2022 interview with FT.com, Musk blamed the estrangement of his daughter on what the Financial Times characterised as “the supposed takeover of elite schools and universities by neo-Marxists.”
In 2008, Musk started courting English actress Talulah Riley. They married two years later at Dornoch Cathedral in Scotland. In 2012, the couple divorced, earlier than remarrying the next yr. After briefly submitting for divorce in 2014, Musk finalized a second divorce from Riley in 2016. Musk then dated Amber Heard for a number of months in 2017; he had reportedly been pursuing her since 2012.
Musk was later accused by Johnny Depp of getting an affair with Heard whereas she was nonetheless married to Depp. Musk and Heard each denied the affair.
In 2018, Musk and Canadian musician Grimes revealed that they have been courting. Grimes gave start to their son in May 2020. According to Musk and Grimes, his identify was “X Æ A-12”; nonetheless, the identify would have violated California laws because it contained characters that aren’t within the fashionable English alphabet, and was then modified to “X Æ A-Xii”.
This drew extra confusion, as Æ is just not a letter within the fashionable English alphabet. The youngster was ultimately named X AE A-XII Musk, with “X” as a primary identify, “AE A-XII” as a middle name, and “Musk” as surname. In December 2021, Grimes and Musk had a second youngster, a daughter named Exa Dark Sideræl Musk (nicknamed “Y”), born through surrogacy.
Despite the being pregnant, Musk confirmed experiences that the couple have been “semi-separated” in September 2021; in an interview with Time in December 2021, he stated he was single. In March 2022, Grimes stated of her relationship with Musk: “I would probably refer to him as my boyfriend, but we’re very fluid.” Later that month, Grimes tweeted that she and Musk had damaged up once more however remained on good phrases.
In July 2022, Insider revealed court docket paperwork revealing that Musk had twins with Shivon Zilis, director of operations and particular initiatives at Neuralink, in November 2021.They have been born weeks earlier than Musk and Grimes had their second youngster through surrogate in December.
The information “raise[d] questions about workplace ethics” provided that Zilis is a direct report of Musk’s. Also in July 2022, The Wall Street Journal reported that Musk allegedly had an affair with Google co-founder Sergey Brin’s spouse, in 2021, resulting in their divorce the next yr. Musk denied the report.
Wealth
Musk’s internet value from 2012 to 2021 as estimated by Forbes journal
Musk made $175.8 million when PayPal was offered to eBay in 2002. He was first listed on the Forbes Billionaires List in 2012 with a internet value of $2 billion.
At the beginning of 2020, Musk had a internet value of $27 billion. By the 12 months’s finish his internet value had elevated by $150 billion, largely pushed by his possession of round 20% of Tesla inventory. During this, Musk’s internet value was typically risky. For instance, it dropped $16.3 billion in September, the biggest single-day plunge in Bloomberg Billionaires Index’s historical past.
In November of that 12 months, Musk handed Facebook co-founder Mark Zuckerberg to change into the third-richest individual on the earth; every week later he handed Microsoft co-founder Bill Gates to change into the second-richest. In January 2021, Musk, with a internet value of $185 billion, surpassed Amazon founder Jeff Bezos to change into the richest individual on the earth.
Bezos reclaimed the highest spot the next month. On September 27, 2021, Forbes introduced that Musk had a internet value of over $200 billion, and was the richest individual on the earth, after Tesla inventory surged. In November 2021, Musk turned the primary individual with a internet value over $300 billion.
Around three-quarters of Musk’s wealth derives from Tesla. Musk doesn’t obtain a wage from Tesla; he agreed in 2018 to a compensation plan with the board that ties his private earnings to Tesla’s valuation and income. The deal stipulated that Musk solely receives the compensation if Tesla reaches sure market values.
It was the biggest such deal ever finished between a CEO and board. In the primary award, given in May 2020, he was eligible to buy 1.69 million TSLA shares (about 1% of the corporate) at below-market costs, which was value about $800 million.
Musk paid $455 million in taxes on $1.52 billion of revenue between 2014 and 2018. According to ProPublica, Musk paid no federal revenue taxes in 2018. He claimed his 2021 tax invoice was estimated at $12 billion based mostly on his sale of $14 billion value of Tesla inventory.
In 2003, Musk mentioned his favourite airplane he owned was the L-39 Albatros. He makes use of a personal jet owned by Falcon Landing LLC, a SpaceX-linked firm and bought a second jet in August 2020. The jet’s heavy use of fossil fuels—it flew over 150,000 miles in 2018—has acquired criticism.
Musk has repeatedly described himself as “cash poor”, and has “professed to have little interest in the material trappings of wealth”. In May 2020, he pledged to promote nearly all bodily possessions. Musk defended his wealth by saying he’s accumulating assets for humanity’s outward expansion to space.
Philanthropy
Musk is president of the Musk Foundation, whose acknowledged objective is to: present solar-power vitality programs in catastrophe areas; assist analysis, improvement, and advocacy (for pursuits together with human area exploration, pediatrics, renewable vitality and “safe artificial intelligence”); and assist science and engineering instructional efforts.
From 2002 to 2018, it gave out $25 million on to non-profits, practically half of which went to Musk’s OpenAI, which was on the time a non-profit group.
Since 2002, the muse has remodeled 350 donations. Around half have been to scientific analysis or schooling nonprofits. Notable beneficiaries embrace the Wikimedia Foundation, his alma mater the University of Pennsylvania, and his brother Kimbal’s Big Green.
In 2012, Musk took the Giving Pledge, thereby committing to offer the vast majority of his wealth to charitable causes both throughout his lifetimes or in his will. He has endowed prizes on the X Prize Foundation, together with $100 million to reward improved carbon capture know-how.
Vox mentioned “the Musk Foundation is almost entertaining in its simplicity and yet is strikingly opaque”, noting that its web site was solely 33 phrases in plain-text. The basis has been criticized for the comparatively small quantity of wealth donated. In 2020, Forbes gave Musk a philanthropy rating of 1, as a result of he had given away lower than 1% of his internet value. In November 2021,
Musk donated $5.7 billion of Tesla’s shares to charity; nonetheless, Fortune journal famous that no nonprofits subsequently introduced receiving any cash from Musk, regardless of his November 2021 regulatory submitting citing earmarking 5.7 billion value of his Tesla shares for charity.
Music ventures
In 2019, Musk launched a rap monitor, “RIP Harambe” on SoundCloud as Emo G Records. The monitor, which refers back to the killing of Harambe the gorilla and the following Internet sensationalism surrounding the occasion, was carried out by Yung Jake, written by Yung Jake and Caroline Polachek, and produced by BloodPop.
The following 12 months, Musk launched an EDM monitor, “Don’t Doubt Ur Vibe”, that includes his personal lyrics and vocals. While Guardian critic Alexi Petridis described it as “indistinguishable… from umpteen competent but unthrilling bits of bedroom electronica posted elsewhere on Soundcloud”, TechCrunch mentioned it was “not a bad representation of the genre”.[
Politics
Although usually described as libertarian, Musk has referred to as himself “politically moderate” and was a registered independent when he lived in California. The New York Times famous that Musk “expresses views that do not match neatly into [the American] binary, left-right political framework.” Historically, Musk has donated to each Democrats and Republicans, a lot of whom are in states wherein he has a vested curiosity.\
Musk has praised China and has been described as having a “charm offensive” to woo the Chinese authorities and entry its markets for Tesla. In 2022, Musk wrote an article for China Cyberspace, the official publication of Cyberspace Administration of China which enforces Internet censorship in China.
His writing the article was described as conflicting together with his advocacy free of charge speech. Musk later advocated for Taiwan to develop into a special administrative region of China, a transfer denounced by a number of Taiwanese officers. In October 2022, Musk posted a controversial Twitter ballot and “peace plan” for the Russian invasion of Ukraine.
His plan was criticized by Ukrainian officers for assumptions that have been made concerning the invaded, Russian-annexed areas of Ukraine. Shortly thereafter, Musk introduced that SpaceX may now not provide Ukraine with Starlink satellite tv for pc items at its personal expense.
Musk voted for Hillary Clinton within the 2016 U.S. presidential election. In the 2020 Democratic presidential primaries, Musk endorsed candidate Andrew Yang and expressed help for his proposed universal basic income. He additionally endorsed Kanye West’s independent campaign in the 2020 general election, however finally voted for Joe Biden in 2020.
In 2022, Musk mentioned that he may “no longer support” the Democrats as a result of they’re the “party of division & hate”, and leaned in the direction of supporting Republican Ron DeSantis within the 2024 U.S. presidential election if he have been a candidate. Musk opposes a “billionaire tax”, and has argued with extra left-leaning Democratic politicians like Bernie Sanders, Alexandria Ocasio-Cortez, and Elizabeth Warren.
Finance
Musk has said that he doesn’t consider the US authorities ought to present subsidies to firms; as a substitute they need to use a carbon tax to discourage poor habits. Musk says that the free market would obtain the very best resolution, and that producing environmentally unfriendly autos ought to include its personal penalties. His stance has been known as hypocritical as Tesla has acquired billions of {dollars} in subsidies. In addition, Tesla made giant sums from government-initiated techniques of zero emissions credit provided in California and the United States federal level, which enabled improved preliminary client adoption of Tesla autos, because the tax credits given by governments enabled Tesla’s battery electric vehicles to be price-competitive, in relative comparability with present lower-priced internal combustion engine autos. Notably, Tesla generates a lot of its income from its gross sales of carbon credits granted to the corporate, by each the European Union Emissions Trading System and the Chinese national carbon trading scheme.
Musk, a longtime opponent of short-selling, has repeatedly criticized the apply and argued it must be unlawful. Musk’s opposition to short-selling has been imagined to stem from how short-sellers typically goal and publish opposition research about his firms. In early 2021, he inspired the GameStop short squeeze.
Technology
Musk has promoted cryptocurrencies and helps them over conventional government-issued fiat currencies. Given the affect of Musk’s tweets on shifting cryptocurrency markets, his statements round cryptocurrencies have been considered as market manipulation by some, similar to economist Nouriel Roubini ,Musk’s social media praising of Bitcoin and Dogecoin was credited for rising their costs.
Consequently, Tesla’s 2021 announcement that it purchased $1.5 billion value of Bitcoin raised questions in opposition to the backdrop of Musk’s social media habits. Tesla’s announcement that it will settle for Bitcoin for fee was criticized by environmentalists and traders as a result of environmental impact of cryptocurrency mining; in 2021, the power consumption of Bitcoin mining, which has built-in energy inefficiency, exceeded that of Argentina.
Just a few months later, in response to the criticism, Musk introduced on Twitter that Tesla would not settle for Bitcoin and wouldn’t have interaction in any Bitcoin transactions till the environmental points are solved.
Despite The Boring Company’s involvement in constructing mass transit infrastructure, Musk has criticized public transport and promoted individualized transport (non-public autos).
His feedback have been known as “elitist” and have sparked widespread criticism from each transportation and urban planning consultants, who’ve identified that public transportation in dense urban areas is extra economical, extra power environment friendly, and requires a lot much less house than non-public automobiles.
Russia–Ukraine peace proposal
On 3 October 2022, Musk floated a peace proposal on Twitter, arguing that Russia must be allowed to maintain Crimea, assuring its water provide from Ukraine, and that Ukraine ought to undertake a impartial standing, dropping its bid to join NATO.
The four-part proposal, posted as a Twitter ballot, recommended that the United Nations redo the Kremlin organised referendums denounced by the West as a sham, infuriating Ukraine and its supporters. The proposal was welcomed by the Kremlin and rebuked by Ukrainian President Volodymyr Zelenskyy as “pro-Russia”.
In an electronic mail e-newsletter to shoppers, Ian Bremmer, head of political-risk consultancy Eurasia Group mentioned that Musk advised him that he had spoken immediately with Russian President Vladimir Putin, which Musk denied in a reply on Twitter, saying he had spoken to Putin solely as soon as 18 months prior, on a Space associated material.
Bremmer later took to Twitter to say Musk had advised him of the dialogue with Putin two weeks earlier, saying he writes “honestly without fear or favor and this week’s update was no different”, to which Musk replied “Nobody should trust Bremmer”.
Kremlin spokesman Dmitry Peskov known as it “untrue”, saying Musk and Putin had solely spoken a few 12 months and a half earlier than. The Logan Act prohibits non-public residents from conducting international affairs with out the US authorities’s permission or involvement.
Recognition
Musk was elected a fellow of the Royal Society (FRS) in 2018. In 2015, he obtained an honorary doctorate in engineering and know-how from Yale University and IEEE Honorary Membership. Awards for his contributions to the event of the Falcon rockets embrace the American Institute of Aeronautics and Astronautics George Low Transportation Award in 2008, the Fédération Aéronautique Internationale Gold Space Medal in 2010, and the Royal Aeronautical Society Gold Medal in 2012.
He was listed amongst Time magazine’s 100 Most Influential People in 2010, 2013, 2018, and 2021.Musk was chosen as Time’s “Person of the Year” for 2021. Time editor-in-chief Edward Felsenthal wrote that “Person of the Year is a marker of influence, and few individuals have had more influence than Musk on life on Earth, and potentially life off Earth too”. In 2022, Musk was elected as a member into the National Academy of Engineering.
Facts about Elon Musk
- Elon Musk was born within the 12 months 1971 in South Africa.
- He is finest identified for co-founding Tesla Motors and SpaceX, however he first received his wealth as a PayPal co-founder.
- Tony Stark, the fictional character created, was closely influenced by Musk (a.okay.a. Iron Man). Indeed, components of Iron Man 2 have been shot each inside and outdoors of SpaceX. Even Elon Musk makes an look within the movie!
- Musk’s official annual pay for Tesla Motors is ＄1, much like that of Steve Jobs and different well-known entrepreneurs.
- Musk taught himself pc programming on the age of 12 and produced the online game Blastar, which he bought for $500.
- Elon Musk didn’t turn out to be an American citizen till he was 31 years outdated, in 2002.
- Elon Musk immigrated to Canada from South Africa when he was 17 years outdated. He ultimately went to the University of Pennsylvania within the United States for faculty.
- Musk moved to California after commencement to pursue physics graduate faculty at Stanford University. He dropped out of Stanford after solely two days, opting to reap the benefits of the booming Internet trade.
- Musk swiftly based his first startup, Zip2, which provided on-line newspapers with maps and enterprise directories, after dropping out of graduate faculty. In 1999, he bought the corporate for ＄307 million.
- Musk co-founded X.com in 1999, a web based cost startup that later grew to become PayPal earlier than being bought by eBay for ＄1.5 billion in fairness (of which Musk obtained ＄165 million).
- Tesla Motors, a agency that designs and manufactures electrical sports activities vehicles, was co-founded by Musk. Tesla was in a position to flourish the place different vital producers failed within the electrical automobile sector. He is presently Tesla’s CEO and chief product architect.
- The National Highway Safety Administration gave the Tesla Model S a 5.4/5 security score, the very best ever given to a automotive.
- Musk is likely one of the driving drivers behind SolarCity, which he and his cousins created. He can be the corporate’s essential shareholder.
- Elon Musk additionally created SpaceX (previously often called Space Exploration Technologies), a company that designs and manufactures house launch automobiles, with a focus on rocket know-how. His purpose is to decrease the price of house journey with the intention to increase human life past the Earth.
- Musk initially struggled to boost funds for SpaceX, which buyers dismissed as a pipe fantasy. Musk put all of his private funds into SpaceX with the intention to make it a actuality (going in opposition to every bit of enterprise recommendation ever written).
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