Elon Musk is a South African American who has created many great things. He started by co-founding PayPal the taking planetary payment transportation supplier. The company came to be with the aid of two companies. X. com created by Elon Musk and Confinity created by Peter Theil and Max Levichin. Elon was the president of PayPal until he sold it to eBay in 2002 for 1. 5 billion.
After selling PayPal in 2002 he founded spaceX a infinite engineering company. He has invested 100 million dollars into SpaceX. This company works on making new engineering for infinite. They have created several projectiles and ballistic capsules. In 2008 SpaceX received a 1. 6 billion Dollar contract from NASA to construct 12 lading flights replacing the infinite bird. The Falcon1 is the first liquid fueled projectile to make Earth’s orbit successfully. It is besides the lone projectile developed by a private company. every bit good as the Falcon 9 and the Dragon Spacecraft. The firedrake is the first commercial ballistic capsule to attach to the international infinite station successfully on May 25th. 2012. SpaceX stands as the lone commercial company to retrieve a ballistic capsule from earth’s orbit successfully. They plan their first manned flight in 2015.
In 2003 Elon founded Tesla Motors an electric auto company. He went into this company with several different investors Martin Eberhard. Marc Tarpenning. Ian Wright. and JB Straubel. He personally invested 70 million dollars into Tesla Motors. With the other investors the combined investing is more than 180 million dollars. Elon became CEO of the company after a public presentation reappraisal replacing Ze’ev Drori. Elon said that Tesla needed to cut approximately 10 per centum of the company’s work force to cut down their burn rate in 2008. After going more efficient they introduced their first auto an electric two place athleticss auto in 2009. Then they introduced the Model S an electric auto in 2012.
After that they introduced the Model X an electric sport utility on February 29. 2012 and will get down production in 2013. Elon has been really involved in the creative activity and design of these electric autos. Tesla started to construct a construction for electric autos. The biggest job with electric autos is range. In work outing this job Tesla has started to construct bear downing Stationss called superchargers. They are topographic points on widely traveled paths. Topographic points like Los Angeles to Los Vegas. Las Angeles to Lake Tahoe. and many more. The Stationss are free and placed following to promenades and eating houses. Tesla provides this service for free thanks to the coaction with SolarCity. Tesla is now presenting both the runabout and theoretical account S to 1000s of happy clients.
Elon is besides an investor in SolarCity a renewable energy company. He has invested about 10 million dollars. SolarCity was the figure one residential installer in 2011. The company was started by two brothers Peter and Lyndon Rive. They have worked with Tesla motors on put ining superchargers around Los Angeles and other locations. SolarCity is a really respectable company that Elon is going more involved with.