Who Is Elon Musk?
Elon Reeve Musk was born on June 28, 1971, in Pretoria, South Africa to father Errol and mother Maye Musk.
In 1989 he moved to Canada and from 1992 lived in United States after receiving a scholarship from The University of Pennsylvania.
In 1995, created his first IT company Zip2. Sold it in 1999 for $307 million.
In 1999, he wanted to make online payments easier so he founded a company that is now known as PayPal. He sold it to eBay in 2002. for $1.5 billion.
In 2004 he wanted to make serial production of electric cars, so he invested $70 million in Tesla Motors and became the chairman of the board of directors. Tesla Motors made a series of electric super-cars which were pretty expensive, but Musk used earned money to further invest in electric vehicles and in early 2016. Tesla unveiled their $35,000 Tesla Model 3 electric car intended for mass production.
In 2015, Tesla Motors unveiled its new product called Powerwall, a wall-mounted lithium ion battery that charges using electricity generated from solar panels, or from city power system when utility rates are low, and can provide 7-10 kWh of electric power. Any excess amount of power can be stored in batteries for later usage.
SolarCity is yet another of Musk’s companies. He is not the founder, but he is a shareholder since 2003 when he invested $10 million in the company. SolarCity provides homes, companies and governments with electric power generated with solar panels. In 2008, the company built solar-powered electric systems for British Motors and eBay to power their headquarters and servers.
He founded SpaceX in 2002, because he was fascinated by an ambitious idea of reducing space transportation costs to enable people to colonize Mars. In 2006 Musk invested over $100 million in the company to boost the development. Grasshopper and Falcon 9 are experimental launch vehicles that are able to make vertical landings and vertical takeoffs, meaning we could be able to re-use space transportation vehicles in near future.
As it wasn’t enough, in 2013 he published a blog post about a new type of transportation called Hyperloop. It is a high speed solar powered transportation system driven by induction motors and air compressors. It should transport people from San Francisco to Los Angeles in 30 minutes covering the distance of 614.44 km (381.8 miles).
In early 2015, Hyperloop Transportation Technologies (HTT) signed an agreement to begin construction of the first full-scale test track in 2016 in the town of Quay Valley, CA, and complete the construction by 2017 – accepting passengers by 2018.
Elon Musk Tunnels
Musk is also extremely passionate about constructing high speed tunnels to ease congestion and traffic. He has been very vocal about being able to easily build a tunnel underneath Los Angeles that provides immense benefits to society.
Interesting Facts About Elon Musk
As 2017 and 2018 plowed forward things certainly did not get any less interesting regarding Elon Musk. Musk stared down the United States Securities and Exchange Commission in a showdown over Musk tweets that were taunting short sellers of Tesla stock. Tesla stock has long been one of the more heavily shorted stocks in the market. SHort selling is when investors borrow shares of the stock to sell now so that they can buy back later to cover the short for a profit (if it works in their favor). “Naked shorting” takes place when the shares aren’t truly borrowed and exchanges allow shares to be sold that don’t even exist or are not in their inventory.
Musk tweeted threats about taking the company private and that “funding was secured” which got him in hot water with the SEC. It was all settled.
Other interesting facts recently with Elon Musk relate to cryptocurrency scams and Musk’s The Boring Company and its tunnels. Many people believe Musk to be a strong supporter of Bitcoin like his pal Peter Thiel. Scammers have taken to using Musk’s name and likeness to runs scams trying to scam people into buying bogus coins or invest in bogus projects.
Here is some updated information on The Boring Company and the tunnels.
— Elon Musk (@elonmusk) November 29, 2018
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