elon musk

 

  • [109] Musk took an active role within the company and oversaw Roadster product design but was not deeply involved in day-to-day business operations.

  • [46][47] However, Musk decided to join the Internet boom, instead dropping out two days after being accepted and applied for a job at Netscape, to which he reportedly never
    received a response.

  • [220] Within the first weeks of ownership, Musk made a series of short-lived decisions and changes that he quickly reversed, including introducing a paid blue checkmark,[221]
    creating an “official” label[222] and forbidding linking to one’s profiles on other social media platforms.

  • After two days, he dropped out and with his brother Kimbal, co-founded the online city guide software company Zip2.

  • In early 2001, Musk became involved with the nonprofit Mars Society and discussed funding plans to place a growth-chamber for plants on Mars.

  • [255] Subsequently, Vance has claimed that the original purpose of Musk’s Hyperloop proposal was to thwart a high-speed rail project in California.

  • [23] In 2018, Musk left the OpenAI board to avoid possible future conflicts with his role as CEO of Tesla as the latter company increasingly became involved in AI through
    Tesla Autopilot.

  • [126] Since its initial public offering in 2010,[127] Tesla stock has risen significantly; it became the most valuable carmaker in summer 2020,[128][129] and it entered the
    S&P 500 later that year.

  • [163] Neuralink Main article: Neuralink Musk discussing a Neuralink device during a live demonstration in 2020 In 2016, Musk co-founded Neuralink, a neurotechnology startup
    company, with an investment of $100 million.

  • [64] With the company suffering from compounding technological issues and the lack of a cohesive business model, the board ousted Musk and replaced him with Thiel in September
    2000.

  • The track was used in January 2017, and Musk also announced that the company started a tunnel project, with Hawthorne airport as its destination.

  • [175] The Boring Company Main article: The Boring Company Musk during the 2018 inauguration of the Boring Test Tunnel in Hawthorne, California In 2017, Musk founded the Boring
    Company to construct tunnels and revealed plans for specialized, underground, high-occupancy vehicles that could travel up to 150 miles per hour (240 km/h) and thus circumvent above-ground traffic in major cities.

  • [190][195] In response, Twitter’s board adopted a “poison pill” shareholder rights plan to make it more expensive for any single investor to own more than 15% of the company
    without board approval.

  • [236] That same month, he suspended remote work at SpaceX and Tesla and threatened to fire employees who do not work 40 hours per week in the office.

  • [42] He reportedly hosted large, ticketed house parties to help pay for tuition, and wrote a business plan for an electronic book-scanning service similar to Google Books.

  • The following year, he co-founded Neuralink—a neurotechnology company developing brain–computer interfaces—and The Boring Company, a tunnel construction company.

  • [60] Even though Musk founded the company, investors regarded him as inexperienced and replaced him with Intuit CEO Bill Harris by the end of the year.

  • [154] In 2014, Musk promoted the idea of SolarCity building an advanced production facility in Buffalo, New York, triple the size of the largest solar plant in the United
    States.

  • After asking the United States Department of Defense to pay for further units and future subscriptions on behalf of Ukraine,[104] Musk publicly stated that SpaceX would continue
    to provide Starlink to Ukraine for free, at a yearly cost to itself of $400 million.

  • [59] X.com was one of the first federally insured online banks, and over 200,000 customers joined in its initial months of operation.

  • [245] In November 2021, Musk donated $5.7 billion of Tesla’s shares to charity, according to regulatory filings;[249] however, Bloomberg News noted that all of it went to
    his own foundation, bringing Musk Foundation’s assets up to $9.4 billion at the end of 2021.

  • As a result, Musk and Tesla were fined $20 million each, and Musk was forced to step down for three years as Tesla chairman but was able to remain as CEO.

  • They had another meeting with Kosmotras and were offered one rocket for $8 million, which Musk rejected.

  • [219] A study of millions of tweets following the acquisition indicated that hate speech on the platform has become “more visible” under Musk’s leadership.

  • [108] Musk led the Series A round of investment in February 2004; he invested $6.5 million, became the majority shareholder, and joined Tesla’s board of directors as chairman.

  • [132] In November 2021, Musk proposed, on Twitter, to sell 10% of his Tesla stock, since “much is made lately of unrealized gains being a means of tax avoidance”.

  • He met with the companies NPO Lavochkin and Kosmotras; however, Musk was seen as a novice[75] and the group returned to the United States empty-handed.

  • [242] From 2002 to 2018, the foundation gave $25 million directly to non-profit organizations, nearly half of which went to Musk’s OpenAI,[243] which was at the time a non-profit.

  • Both men played active roles in the company’s early development prior to Musk’s involvement.

  • [79] Though the rocket failed to reach Earth orbit, it was awarded a Commercial Orbital Transportation Services program contract from NASA Administrator (and former SpaceX
    consultant[80]) Mike Griffin later that year.

  • [121] The Model 3 is the all-time bestselling plug-in electric car worldwide, and in June 2021 it became the first electric car to sell 1 million units globally.

  • [260] OpenAI Main article: OpenAI In 2015, Musk founded OpenAI, a not-for-profit artificial intelligence (AI) research company aiming to develop artificial general intelligence
    intended to be safe and beneficial to humanity.

  • [250] Hyperloop Main articles: Hyperloop and Hyperloop pod competition A tube part of the 2017 Hyperloop pod competition sponsored by SpaceX In 2013, Musk announced plans
    for a version of a vactrain—a vacuum tube train—and assigned a dozen engineers from SpaceX and Tesla to establish the conceptual foundations and create initial designs.

  • He instead decided to start a company that could build affordable rockets.

  • [239] The Wall Street Journal reported that, after Musk insisted on branding his vehicles as “self-driving”, he faced criticism from his engineers for putting customer “lives
    at risk”, with some employees resigning in consequence.

  • [102][103] In October 2022, Musk stated that about 20,000 satellite terminals had been donated to Ukraine, together with free data transfer subscriptions, which cost SpaceX
    $80 million.

  • [133] After more than 3.5 million Twitter accounts supported the sale, Musk sold $6.9 billion of Tesla stock within a week,[133] and a total of $16.4 billion by year end,
    reaching the 10% target.

  • [202] Exactly a month after announcing the takeover, Musk stated that the deal was “on hold” following a report that 5% of Twitter’s daily active users were spam accounts,[203]
    causing Twitter shares to drop more than 10 percent.

  • [257] In July 2017, Musk claimed that he had received “verbal government approval” to build a hyperloop from New York City to Washington, D.C., with stops in both Philadelphia
    and Baltimore.

  • [146] In 2019, Musk stated in a tweet that Tesla would build half a million cars that year.

  • [196] Nevertheless, by the end of the month Musk had successfully concluded his bid for approximately $44 billion.

  • [26] At age twelve, he sold his BASIC-based game Blastar to PC and Office Technology magazine for approximately $500.

  • [235] In 2022, Musk revealed plans to fire 10 percent of Tesla’s workforce, due to his concerns about the economy.

  • [230][231][232] Musk said he expects his employees to work for long hours, sometimes for 80 hours per week.

  • [150][151] FOIA-released records showed that the SEC itself concluded Musk has subsequently violated the agreement twice by tweeting regarding “Tesla’s solar roof production
    volumes and its stock price”.

  • His preference for Microsoft over Unix-based software caused a rift among the company’s employees, and led Peter Thiel, Confinity’s founder, to resign.

  • [75] With $100 million of his own money,[76] Musk founded SpaceX in May 2002 and became the company’s CEO and Chief Engineer.

  • [164] Musk is listed as the sole author of an October 2019 paper that details some of Neuralink’s research,[168] although Musk’s being listed as such rankled the Neuralink
    team’s researchers.

  • With an estimated net worth of around $139 billion as of December 23, 2022, primarily from his ownership stakes in Tesla and SpaceX,[4][5] Musk is the second-wealthiest person
    in the world, according to both the Bloomberg Billionaires Index and Forbes’s real-time billionaires list.

  • [204] Although he initially affirmed his commitment to the acquisition,[205] he sent notification of his termination of the deal in July; Twitter’s Board of Directors responded
    that they were committed to holding him to the transaction.

  • [176][177] Early in 2017, the company began discussions with regulatory bodies and initiated construction of a 30-foot (9.1 m) wide, 50-foot (15 m) long, and 15-foot (4.6
    m) deep “test trench” on the premises of SpaceX’s offices, as that required no permits.

  • [192] On April 4, Musk agreed to a deal that would appoint him to Twitter’s board of directors and prohibit him from acquiring more than 14.9% of the company.

  • [233] He has his new employees sign strict non-disclosure agreements and often fires in sprees,[234][235] such as during the Model 3 “production hell” in 2018.

  • [81][82] After two more failed attempts that nearly caused Musk and his companies to go bankrupt,[79] SpaceX succeeded in launching the Falcon 1 into orbit in 2008.

  • Musk has also proposed a hyperloop high-speed vactrain transportation system.

  • [253] The document scoped out the technology and outlined a notional route where such a transport system could be built between the Greater Los Angeles Area and the San Francisco
    Bay Area, at an estimated cost of $6 billion.

  • [256] In 2015, Musk announced a design competition for students and others to build Hyperloop pods, to operate on a SpaceX-sponsored mile-long track, for a 2015–2017 Hyperloop
    pod competition.

  • [193][194] However, on April 13, Musk made a $43 billion offer to buy Twitter, launching a takeover bid to buy 100% of Twitter’s stock at $54.20 per share.

  • [111][page needed][112] Musk assumed leadership of the company as CEO and product architect in 2008.

  • [223] On December 18, Musk posted a poll to his Twitter account asking users to decide whether he should step down as the head of Twitter, with 57.5% out of the more than
    17.5 million votes supporting that decision.

  • [240] Other activities Musk Foundation Musk is the president of the Musk Foundation,[241] whose stated purpose is to: provide solar-power energy systems in disaster areas;
    support research, development, and advocacy (for interests including human space exploration, pediatrics, renewable energy and “safe artificial intelligence”); and support science and engineering educational efforts.

  • Musk stepped down as chairman of Tesla and paid a $20 million fine as part of a settlement agreement with the SEC.

  • A second set of test satellites, and the first large deployment of a piece of the constellation, occurred in May 2019, when the first 60 operational satellites were launched.

  • [167] In 2022, Neuralink announced that clinical trials would begin by the end of the year.

  • His insistence on vertical integration causes his companies to move most production in-house.

  • [228] He has forced employees to adopt the company’s own jargon and launched ambitious, risky, and costly projects against his advisors’ recommendations, such as removing
    front-facing radar from Tesla Autopilot.

  • [95][c] Some critics, including the International Astronomical Union, have alleged that Starlink blocks the view of the sky and poses a collision threat to spacecraft.

  • [43] In 1994, Musk held two internships in Silicon Valley: one at the energy storage startup Pinnacle Research Institute, which investigated electrolytic ultracapacitors for
    energy storage, and another at the Palo Alto–based startup Rocket Science Games.

 

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