Musk always seems to be far ahead of the curve, and his bank account

proves it. Whether it’s designing cars, sending civilians to outer space or
expanding renewable energy, the ingenious South African keeps amazing
the world — and frustrating his rivals — with the latest greatest projects.
1- Tesla

While the COVID-19 pandemic shattered the global economy in 2020 and
put millions of people out of work, Tesla’s stock price increased 700%,
adding $140 billion to Musk’s net worth.

Musk, CEO of Tesla, was an early investor in the company that since
became the king of the electric vehicle (EV) industry.

But Tesla soon may face serious competition from Volkswagen, which has
jumped full force into the EV playing field.

2- SolarCity

Tesla acquired SolarCity, a residential solar company, in 2016.

Today, Tesla’s residential solar energy product, known as Solar Roof —

“which combines premium glass roof tiles with energy generation,” as
Tesla describes it — is produced at the company’s New York Gigafactory.

Tesla sells Solar Roof on the Tesla site, with a price match

guarantee against other residential solar vendors.

4. SpaceX

SpaceX, founded in 2002 by Musk, hopes to send eight private citizens

around the moon in 2023 through the dearMoon mission.

Musk’s long-term ambition: colonizing Mars.

Hyperloop
In a 58-page technical paper from 2013, Musk outlined his vision for a
mode of transportation that could achieve high speeds using a hovering pod
that travels without friction or air resistance through a tubed system.

He never turned the idea into a company, but Virgin Hyperloop grabbed
the ball in 2014 and ran with it. On Nov. 8, 2020, the company’s
experimental two-seater made a successful test run in the Nevada desert.

Hyperloop Transportation Technologies (U.S.), Hardt Hyperloop

(Netherlands) and TransPod (Canada) are three other companies trying to
make hyperloop transportation a reality.