Secrete behind Elon Musk's success

The man who is called a real-life Iron man is nonother than Elon Musk who proved that there is nothing like impossible work in the world. Musk had done some projects which normal peoples not ever can think about it. Musk has proved that his potentials to the whole world by his talent and hard work but success like Elon musk is cannot be achieved overnight or there is no simple formula that you can follow to get success like them. Musk itself has faced many rejections and failure which made him a real-life Iron man. Today we are going to talk about Elon Reeve Musk's success story.

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The Real-life Iron man Elon Musk

Elon Musk

Elon musk had never stopped after his any achievement every time he has new ideas and inventions which are going to rock the market due to this he made solar cells very affordable with his company SolarCity which is a very big change in sustainable energy in the world. He also made electric cars more efficient and cheap which can help the environment to heal itself from the damage caused by our Petrol or Diesel vehicles. The things which made Musk popular are his experiments in space and rockets made by his company SpaceX.

Elon Reeve Musk was born in South Africa in 1971 his childhood was not very good for him because his family’s financial condition was not good but still this had not stopped to learn himself computer programming at a very early age, the age when we are busy with our friends in playing different games. By programming, he made a Computer name which he named as Blaster and sold his game for 500 dollars. At the age of 17, he left his home and he avoided getting in the military of South Africa later he shifted to the United States having a thought in mind that this will expose him to better opportunities. He moved to California for pursuing his Ph.D. in energy physics at Stanford University but only after two months he quit his college to take a part in the internet boom. In 1995 Elon with his brother launched a software company Zip2 in 1995 with a seed investment of 28,000 dollars which he took from his father at that time internet was going to expand exponentially. New paper companies are trying to find a way to use this new media technology and taking advantage of this Zip2 created an online city guide for newspaper publishers. In a very small time, Zip2 got two contracts from the big newspaper, The NewYork Times and Chicago Tribune. These things gave Elon a good start in his career. Elon wanted to be the CEO of the company but the board members didn’t agree and at end of the dot com bubble the board members of the Zip2 decided to sell the company to Compaq for a price of 307 million dollars and since Elon has 7% of company's share so he gets 22 million dollars. After selling the company Elon co-founded X.com which was an online banking company he started this company with seed funding of 10 million dollars which he got from Zip2.

In 2000 the dot com bubble burst and many companies who did not able to survive has started to close their virtual doors but X.com has the confidence to survive in the market. X.com was an online financial service company and it has online payment service which they named as PayPal. The very company realized that PayPal is the most import service of the company so they renamed the company from X.com to PayPal and started focusing more on the service. In a small period, PayPal becomes very popular with some of the thousands of users to one million users in just a few months which created a great trust in PayPal. But again board members of the company disagreed to take Elon as the company’s CEO. This created antitrust in the board members which led to the selling of PayPal to eBay.com. When PayPal was sold, about 25% of eBay’s transaction was completed using PayPal and it was sold for around 1.5 billion dollars due to this Elon got 165 million dollars for his 11.7% stake. Before selling PayPal Elon began to plan landing spacecraft on Mars and for this dream, Elon started a company that will build affordable rockets by advanced software and vertical integration and he named the company SpaceX. He invested the majority of its money in the SpaceX. In 2009 Elon got a contract from NASA for making Falcon 9 launch vehicle which gave the company about 1.6 billion dollars. But the brand which made Elon so popular was Tesla motors. In starting Elon come into the company as an investor and invested about 7.5 million dollars in the company along with this he actively started working in the company by managing designs and insisting on Carbon fiber body of the Tesla Roadster car. He keep invested in the company and later he took the post of CEO of Tesla motors in 2008. Tesla Roadster was the first car of Tesla motors and about 2500 cars were sold in 31 countries.

By working on electric cars Elon comes up with the idea of making cheap Solar panels so he started a company SolarCity with his brothers also the company started an electric charge station with tesla motors. In starting company has 15,000 employees and Elon promised to build a solar electricity plant in New York whose size will be 3 times the size of the biggest solar plant in the US. At present time Solarcity is the 2^nd largest solar panel making company in the world and Elon has the largest share in the company. Elon had never put his feet back to invest in new technologies and he invested in a company that will be the fastest train, in the world which is Hyperloop. He invested about 6 billion dollars in the company. But after some time all three companies started collapsing and to survive the company he has to stop all the unliterary work in the companies even he invested 40 million dollars in the company to survive the companies. Elon never lost hope and after 6 years all the things began to settle and he tasted the success. Now Elon is the most impressive and risk-taker Entrepreneur in the world.