Elon Musk Business Journey.
Elon Mask's place of birth is South Africa in 1971. His mother belongs to America & his father is from South Africa. From a very young age, he started using a computer. At the age of 10 years, he got his first computer and learned to code himself. At the age of 12 years, he coded a computer game, which he sold for 500 dollars. It was his first income.
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| Elon Musk Business Journey. |
In
1989, he went to Canada and then studied at Pennsylvania University in the
USA. He believes things that influence him the most are the internet,
renewable energy, and space travel.
In 1995, ho
got his first break. He founded a company called Zip2 along with his brother,
which was a telephone directory much like the yellow pages. This company sold
off at quite a high price.
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| Elon Musk Business Journey. |
X.com & Paypal.
After that,
Elon Musk founded a financial service company named X.com which merged with
another company in 2000 to form Paypal. In 2001, Elon Mask became the CEO
&Chairman of PayPal. Latter, this is acquired by eBay for $1.5 billion. So,
at this point, Elon Musk had become a billionaire.
Elon Musk Business Journey.
Tesla!
Elan Mask did not find Tesla. That Was founded in July 2003, By Martin Eberhard and Marc Tarpenning. Elon Musk joined this company in 2004 |
| Tesla founders Martin Eberhard and Marc Tarpenning. |
by investing
$30 million. Only after 2008, He become Tasla CEO. In 2009, this company was
going through financial problems. Due to this, they decided to list the company
in the stock market so that the public invested and the company recovered. In
2010, Tesla is listed on the stock market. It had Initial Public Offering (IPO) at that time,
the price of one share of TESLA was $17. On 14th January 2021, the price of its
one share was $ 854. Elon Musk owns a 20% stake in Tesla.
world’s richest man.
Elan Musk
earned more than 150 billion dollars in one year. He became the world’s richest
man on 7th January 2021. At the beginning of 2020, his net worth was $27
billion, which made him the world’s 35th richest person. But in one year, his
net worth increased by more than $190 billion. How did it become possible? What
is the secret behind his success?
In most cases, billionaires are owners of some valuable company. Billionaires are owners of company that has much value in the stock market. For example, Bill Gates is the owner of Microsoft, Mark Zuckerberg is the owner of Facebook, and Jeff Bezos is the owner of Amazon. Similarly, Elon Musk is the owner of Tesla, which is an electric car manufacturing company. The wealth of all these peoples interlinked with their companies. It is to such an extent that these people can both earn and lose billions of dollars in a day. It depends upon the current value of the company in the share market.
In 2020, Tesla’s stock price increased 720% in a year, which is the main reason for Elan Musk becoming the world’s richest man .
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| In 2020, Tesla’s stock price increased 720% in a year |
Why
Tesla Share Price Increases.
The value of shares of a company increases when there is a higher demand for it in the market. If the public thinks that company will be successful, then peoples invest. It happens when the future of the company looks good. Many developed countries want to reduce the number of petrol and diesel vehicles to reduce pollution and carbon emissions. More and more countries want to switch to electric cars. Tesla is one of the most popular electric car brands, so people can see that in the incoming years, Tesla can become quite popular. Tesla, cars will sold worldwide, this is the main reason people are investing in Tesla.
Space X .
Elon Musk
invested more than $100 million in founding a company named Space X. Main
objective of the company is to send humans to Mars and establish a colony
there. In 2020, Space X became the first private company which had sent a
person to space. By 2025, SpaceX plans to send the first human being to Mars.
Let’s see how successful this turns out to be. Due to such big plans, ideas, and
vision, Elon Musk is often called Real Life Tony Stark. He highlighted the fact
time and again that you don’t need a college degree if you want to make a
career. He tweets. “You still don’t need a college to work for Elon Musk. “
Elon Musk doesn’t value a degree much
but values exceptional ability. If someone can show that he can work
efficiently, then this person is more valuable to him as compared a person who
can show his degree.
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| Elon Musk Business Journey,Space X .Company(.Asianews91) |
Elon Musk calls himself cash-poor.
Elon
Musk calls himself cash-poor, Elon Musk doesn’t have much cash. If he wants to
spend so much money, then he wouldn’t have this money to spend. Elon Musk
doesn’t draw even a single penny as a salary for the CEO of Tesla and keeps
less cash himself 99% of his wealth
stuck in share of these two companies one is Tesla & other is Space X.
Now, if he wants to take out so much of this money from these companies and
keep it to himself, then this wouldn’t be possible because he would have to
sell his shares for this. If Elon Musk, Sells his shares of Tesla himself, then
what would be in the news? How do people react? People would feel that he
doesn’t believe in his own company. So, the share price would crash
drastically. And all this money that is there would cease to exist. Elon Musk
Is the world’s richest person but, that billion dollars are not in your pocket.
You won’t be able to spend it.
Acquisition of Twitter by Elon Musk.
Elon Musk's, paid $44 billion to buy one of the most famous social media platforms in world. The first thing Elon Musk did after purchasing This social media, is fire CEO Parag Agarwal. Along with him, large numbers of employees have fired. Elon Musk has claimed, and Twitter has now been set free. People will have freedom of speech on it. In his own words, main agenda is to allow free speech. Elon Musk wants to bring a revolution of freedom to Twitter, and end all biases.
Elon
Musk says, he is not interested in materialistics things, such as buying a
private jet or island with so much money. He look at money, as less medium of
exchange and store of value means to end. He looks at it as a financial tool
that is quite useful to achieves one’s goals. For this reason, when the news
broke out Elon Musk became the richest man in world. Then he tweeted. “
Strange!” After he wrote, “Well back to work…”
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| Elon Musk Business Journey(.Asianews91) |
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