Elon Reeve Musk is an American entrepreneur and businessman who established X.com in 1999 now famous as PayPal.com, SpaceX in 2002 and Tesla Motors in 2003. Musk is multi-millionaire from his 20’s let’s see how this man became everything we wish for. Musk knew coding from age 9 and it’s all self-taught. According to Forbes, he is the 37th richest person in the world having a net worth of 21.8 million. Character “Iron man” is inspired by Elon Musk.
Let’s have a brief introduction to his businesses.
Having 305 million active registered users accounts worldwide, Paypal is the biggest digital payment providers worldwide. PayPal’s annual revenue came to 17.77 billion U.S. dollars. This whole setup process $8000 dollars per second and third most preferred payment option in the world. Everybody loves Paypal but it got sold to eBay in $ 1.5 billion and Mr. Musk got 180 million from this deal.
Business tycoon Elon Musk is Tesla’s largest investor, having 22% of shares, in https://www.tesla.com/ he is CEO, architect, and the Founder. Tesla reported $143 million in net income in the third quarter of 2019. Tesla Motors is the second oldest publicly listed American Automaker after Ford.
SolarCity, a solar panel firm founded by Musk’s cousin and it became Tesla’s subsidiary in 2016 for $2.6 billion. Ever since the acquisition, the overall business of SolarCity has seen downfall, as Musk directed a significant portion of its activities toward the development of the Model 3 automobile for Tesla, this year tesla has announced to launch a fully automatic car that will be able to be driven without human intervention.
Elon Musk is one of the major owners of SpaceX, having a 54% share of the company, which is almost $33.3 billion. The U.S. government selected SpaceX for N.A.S.A. and the U.S. Air Force for different services which came as a good market hold for https://www.spacex.com/ like satellite launches. Along with government contracts, SpaceX also gives commercial launches to companies.
Now coming back to our topic “what we all can learn from Elon Musk”
* Don’t chase money.
Almost every successful person big or small they were never after money just their passion was the driving factor to make them do the great things. Elon Musk is no different he never worked for money rather share his talent with the world.
* Action should be louder
The achievement of goals depends on how well they are performed. Anything that doesn’t receive action remains a mere idea while one that is executed fine can grow reality. And this case business. Elon Musk’s personality if deeply observed it tells that you need to have an innovative mindset to execute your ideas. With this mindset, you can come up with business ideas and execution that are solid, furnishing into the best financial returns and being successful. Therefore, your goal is only considered on the basis of how you execute it.
Glancing at Elon’s history of aim, this billionaire’s ideas never created a thing that doesn’t make an impact rather always those that have a lasting impact on the industry and masses like PayPal model redefined the financial industry by introducing digitalization in money transfer and making it secure and perfect as it could be. His SpaceX program made forever an impact on space travel. His next dream is to make commercial space travel possible. Elon Musk aims big, thinks big and achieve big through this he teaches us that we should do it too.
Gratitude, consistency and smart work.
To establish his electric car company famous as Tesla, Elon Musk took money from the U.S. government and the company become a huge success and is selling thousands of units every time. After getting good revenue, Elon gave $400 million loans. He further affected that he was grateful to the Department of Energy and all stakeholders as well as everyone who loaned money. He paid them back also, this how he gave an example of honest business ethics and we all can learn from him this virtue.
Let’s acknowledge this, We try to avoid criticism. We get high on our compliments but criticism gives us hints of what is wrong with us or the things that we do in order to correct ourselves. Compliments simply tell us how great we are and this helps us to maintain “self-confidence” which is also important but criticism is The aspect which helps us to become best by showing out our mistakes. Elon Musk seeks and faces criticism so nicely that it can’t be put in words. One of the memorable events to prove the same when Mr. Musk had word with the automobile engineers during the development of the Tesla electric car, he questioned them to tell him what was bad with his design rather than of what was good about it. So this way, it reflects his habit of seeking criticism, mistakes, and ways to fix them. Seek constructive criticism, move ahead and conquer the world.
His personal life
- He wants to send humans on mars by 2024.
- Parents of Elon musk are Maye Musk (mother) and Errol Musk (father).
- Kimbal and Tosca Musk are the siblings of Elon Musk.
- Elon Musk has an IQ of 155
- Justine Musk is the first wife of Elon musk (married in 2000 – divorced in 2008)
- Talulah Riley is the second wife of Elon Musk ( married in 2010 – divorced in 2012) and again got married in 2013 and divorced in 2016.
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