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Elon Musk

About Elon Musk

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Who is Elon Musk

Elon Musk is a South African-born American industrial engineer, entrepreneur, who co-founded Paypal and founded aerospace transportation services company SpaceX. He is also one of the early investors in Tesla, an electric car company, and now the Chief Executive Officer of the firm as well. With a $70.5 bn fortune, Musk sits comfortably at the 7th spot in the world's top 10 billionaires list.
Early years
 
Born in 1971, Elon Musk displayed an early talent in computers and video games and at the age of 12 created a video game code that earned him fame, as well as a fortune. He acquired a Canadian passport to avoid supporting apartheid in Africa at the time and also due to greater economic opportunities in the United States.
 
Paypal and SpaceX
 
Musk has created several successful firms since he left Stanford University in 1997. That year, he created the first company - Zip2. The firm,  which provided maps and business directories to online newspapers, was bought by Compaq in 1999. Then he created X.com which eventually merged with PayPal, which went public in 2001, and in 2002 eBay bought the firm for $1.5 bn. Musk in 2002, formed SpaceX and since then the aerospace firm has covered several milestones over the years. SpaceX became the first company to successfully relaunch and land at the first stage of an orbital rocket in late 2017. In 2020, SpaceX made history on May 30, after it flew NASA astronauts Doug Hurley and Bob Behnken, to space aboard its Crew Dragon spacecraft using a Falcon 9 rocket.
 
Tesla
 
In 2004, Musk invested heavily in Tesla, an electric car company as he believed electric vehicles to be the future of mobility. Two years after introducing the first car, Tesla, in 2008, introduced the Model S sedan, which was praised by automotive critics for its performance and design. The company eventually made him a billionaire at the age of 40 in 2012. Musk, as the CEO of Tesla, landed himself in several controversies which resulted in stocks tanking by a huge margin. In 2018, Musk ran into trouble after his tweet falsely claimed that he had secured funding and was considering taking Tesla private at $420 per share. It resulted in both him and Tesla paying a $20 million fine and Musk agreeing to step down as chairman of Tesla's board. However, despite controversies, Tesla stocks have continued to grow adding to his wealth

Latest Updates on Elon Musk

With around two weeks left in the Biden administration before Donald Trump takes office, the awards sparked controversy, particularly with recipients such as Hillary Clinton and George Soros

Updated On: 05 Jan 2025 | 11:10 PM IST

A political action committee controlled by the world's richest man spent $19.2 million in the final six weeks of the 2024 election to back Republicans in too-close-to-call races around the country

Updated On: 04 Jan 2025 | 9:58 PM IST

The Tesla chief has criticised UK PM Keir Starmer for 'mishandling' child exploitation cases involving Pakistani-origin gangs; UK govt said that claims made by him are 'misjudged and misinformed'

Updated On: 04 Jan 2025 | 3:52 PM IST

India-US economic ties benefit significantly from the technical expertise provided by skilled professionals

Updated On: 03 Jan 2025 | 11:47 PM IST

A senior British politician pushed back Friday on Elon Musk's criticism of the government's handling of a historic child grooming scandal.

Updated On: 03 Jan 2025 | 7:48 PM IST

Tesla's record China sales while its worldwide deliveries fell is reflective of the global EV landscape as China is the only major market seeing robust growth

Updated On: 03 Jan 2025 | 2:28 PM IST

First brought into public focus by investigative journalism in 2012, the Rotherham scandal involved the systematic abuse of at least 1,400 children over 16 years in the UK

Updated On: 02 Jan 2025 | 3:37 PM IST

Musk criticised the UK's handling of such crimes, directly calling out former CPS head and current Prime Minister Keir Starmer

Updated On: 02 Jan 2025 | 12:09 PM IST

X said the number of its users in Malaysia did not meet the eight million threshold required to obtain a licence

Updated On: 02 Jan 2025 | 9:45 AM IST

The FBI said it was investigating the attack early Wednesday as a terrorist act and did not believe the driver acted alone

Updated On: 02 Jan 2025 | 9:08 AM IST

Musk said Wednesday afternoon on X that we have now confirmed that the explosion was caused by very large fireworks and/or a bomb carried in the bed of the rented Cybertruck

Updated On: 02 Jan 2025 | 8:31 AM IST

Tesla CEO clarified on X that the explosion was caused by fireworks or a bomb carried in the bed of the rented Cybertruck, not by the vehicle itself

Updated On: 02 Jan 2025 | 6:44 AM IST

Tesla chief Elon Musk has rented a cottage on Mar-a-Lago estate in Florida, just steps away from president-elect Donald Trump's main residence

Updated On: 01 Jan 2025 | 5:36 PM IST

Poornima Rao, the mother of the OpenAI researcher, raised concerns about the investigation conducted by the San Francisco Police Department

Updated On: 01 Jan 2025 | 7:12 AM IST

The biggest jolt to the social media landscape could come from a US ban on TikTok

Updated On: 31 Dec 2024 | 10:58 PM IST

Ahead of the New Year, Elon Musk has changed his name to cryptocurrency Kekius Maximus and changed his profile picture to a variation of the controversial Pepe the Frog meme

Updated On: 31 Dec 2024 | 3:39 PM IST

External affairs, commerce, and IT ministries have initiated measures to ensure the safety of Indian H-1B visa holders in the United States

Updated On: 31 Dec 2024 | 10:38 AM IST

Musk, a key advisor and major donor to US President-elect Donald Trump, has repeatedly praised the anti-immigrant Alternative for Germany in recent weeks

Updated On: 31 Dec 2024 | 6:39 AM IST

The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in specialty occupations requiring theoretical or technical expertise

Updated On: 30 Dec 2024 | 11:32 PM IST

The remarks come amid a growing debate over the future of the H-1B visa, a programme that allows US companies to employ highly skilled foreign workers in specialised fields

Updated On: 30 Dec 2024 | 11:11 PM IST