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Essay / Successful Entrepreneurs Report: Elon Musk
Table of ContentsIntroductionBodyConclusionWorks CitedIntroductionThis report is about the entrepreneur Elon Musk, the report will explain how he became the person he has become today and what helped him To succeed today, he will seek to discover why he became an entrepreneur and where he studied. Elon Musk is important because he creates cutting-edge technology and became a millionaire in his 20s. I chose Elon Musk because his goal was not to be an entrepreneur in the first place. However, he wanted to work as an engineer and work in the technology field. As he said in one of his interviews: “It wasn't about being rich, it was just about wanting to be part of the Internet. » Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essayBodyElon Musk was born on June 28, 1971, in Pretoria, South Africa. He started attending Waterkloof House Preparatory School and then moved to another school and graduated there, which was Pretoria Boys High School. He then went to Queen's University and then transferred to the University of Pennsylvania, where he majored in physics and economics. When Musk was 24, he did his doctorate in physics at Stanford University, but he left the program two days later because he had huge entrepreneurial ideas in technology. His father, Errol Musk, was a successful South African engineer. On the other hand, her mother, Maye Musk, was a Canadian model and the oldest woman to be featured in the cover girl campaign. At one point in her life, she worked five different jobs in order to support her family. Elon Musk started his first company with his brother Kimbal Musk in 1995, which was Zip 2 Corporation. Which provided newsletters and magazines. In 1999, a computer company bought it for almost $340 million. Which helped Elon and Kimbal Musk create X.com, a money transaction service, which was then called PayPal. However, in 2002, eBay bought the company. Subsequently, in 2002, Elon Musk created SpaceX, a space exploration technology company, with money from his previous business. And NASA actually had plans with the company to transport cargo to the international space station. In 2003, he created Tesla Motors which sells electric cars and is the most efficient electric car on the market. In 2004, Elon Musk founded the Boring Company, which started as a joke but later became a huge success through the sale of merchandise. Elon Musk's financial situation is increasing with time, in 2014 he earned $35,560, in 2015 he earned $37,584, in 2016 he earned $45,936, in 2017 he earned $49,920. In 2018, he earned $2.3 billion, in 2019, $7.4 billion. Elon Musk owns shares in Tesla Motors that are equivalent to approximately 18.5% of the company's shares. Tesla's current stock price is $793.12. types of industries Elon Musk's companies belong to the manufacturing and technology sectors. And one of Elon Musk's competitors is Blue Origin and United Launch Alliance, which are huge competitors to SpaceX, and Ford and Honda engines are considered huge competitors to Tesla engines. Elon Musk has certain characteristics that have helped him become a successful entrepreneur, namely: He is very hardworking and works almost 100 hours a week. He also takes a lot of risk, because he sells new products and does not know whether the market will accept it or not. He also prefers to stand out from others, for example by creating.