Who is Elon Musk and What is Tesla?
Elon Musk is a South African-born Canadian-American business magnate, investor, engineer and inventor. Basically he's a real-life Iron-Man (without the suit... as far as we know). Musk started out his road to stardom in 1995, when he and brother Kimbal started up a web software company known as Zip2. The company developed and marketed an Internet "city guide" for the newspaper industry. The company was acquired by Compaq for around $307 million in cash and $34 million in stock options in 1999, of this Musk received around 7% ($22 million). Using his new found fame and fortune, Musk then co-founded X.com, one year after co-founding the company, it merged with Confinity, which had a money transfer service known as PayPal. eBay then acquired PayPal in 2002, for an astounding $1.5 billion in stock. Musk received $165 million (before the sale of PayPal, musk was the largest shareholder owning 11.7% of Paypal shares). Musk could have retired at the age of 32 and lived out his life in peace, instead he decided to focus on space exploration, conceptualising "Mars Oasis", a project aiming to land a miniature experimental greenhouse on Mars. Using $100 million of his fortune, he founded Space Exploration Technologies (Known as SpaceX) in June 2002. Musk is most well known for his work with Tesla Motors, the American automaker and energy storage company, originally founded by Martin Eberhard & Marc Taroenning. It wasn't until one year after the founding of Tesla that Musk appeared. Elon joined the company as Board of Directors chairman after leading the Series A round of investment in February 2004. After a financial crisis in 2008, Elon stepped in and assumed leadership of the company as CEO and product architect (two positions he still holds to this day). To showcase the work Elon has done with Tesla we created "10 Facts You Didn't Know About Tesla Motors and Elon Musk".
The year of 2017, sees the launch of the Tesla Model 3, which will be Tesla's cheapest and most affordable car at a price of around $35,000-$50,000 (Once add-ons and optional extras have been added). Although Musk has found plenty of success, with SpaceX and Tesla Motors in particular, it hasn’t been an easy ride, after three launch failures at SpaceX and running into basically every production problem known to man over at Tesla, he poured his entire fortune into the companies to make them work, and luckily it paid off (had it failed, he’d have been right back to square one). Now currently worth around $12 billion, and still founder, CEO & CTO of SpaceX, co-founder, CEO and product architect of Tesla, co-founder and chairman of SolarCity, co-chairman of OpenAI, co-founder of Zip2 and founder of X.com. So here's to the modern day Iron Man, Elon Musk, and his dreams to change the world for the better.