Who is Elon Musk? Let us know about the man behind Tesla, DogeCoin tweets and Twitter takeover
Elon Musk strike a deal for buying Twitter at $44 Billion on 25th April 2022. He called for a series of changes from content restriction to eradicating fake accounts. The social media is buzzed with speculations on what will be his next move. Elon Musk was already a millionaire in his 20s and has consistently displayed his business acumen with new endeavours.
Here is some insight into the man he is –
Elon Musk started a web software company, Zip2 with his brother in 1995. The company help newspapers develop online city guides
In 1999 Zip2 was acquired by Compaq’s AltaVista web search engine for a whopping $340 million. Musk used his buyout money to create X.com and a brand new McLaren sports car
X.com was later merged with a money transfer firm called Confinity and today it is known as PayPal. He left X.com with $180 Million worth in stock after it was sold to eBay for $1.4Billion and founded SpaceX in 2002
Musk joined Tesla as a first-round investor in 2004
He invested part of the money (from X.Com) in Tesla and became the CEO of Tesla in 2007. He was integral in designing Tesla Roadster, an electric car
Tesla went public on Nasdaq Exchange in the year 2010
In the year 2012, Tesla began deliveries of its first high-volume production for the Model S
Till date the company’s biggest seller is Model 3 which was launched in 2017
Musk used his other part of X.com sale proceed to create a Space Exploration Technological Corporation, commonly known as SpaceX. He is a crypto enthusiast and has invested in Bitcoin as well
He had also been in lot of controversy due to his tweets or smoking marijuana during a podcast. Currently he is the talk of the town after acquiring Twitter for $44 billion on 25th April 2022. At TED conference in Vancouver, Musk said “If in doubt, let the speech, let it exist. If it’s a gray area, I would say let the tweet exist”.
