Assignment-1

Subject: M&E
Submitted By:
Karthik Shanbhag- 4MW20CS035
Harsha Sridhar Kunder - 4MW20CS031

Case Study on: Elon Musk

Elon Reeve Musk was born on June 28, 1971, in Pretoria, Transvaal, South
Africa. Elon Musk is an innovative business person, financial specialist, and
engineer who is the most popular entrepreneur. He holds South African,
Canadian, and U.S. citizenship. Elon Musk is the founder, CEO, and lead
planner of SpaceX as well as a fellow benefactor, CEO, and item engineer
of tesla,inc.

Elon Musk became the Richest Man in the World on January 7,

2021, after Tesla's share price surged by 7.9%. It helped him to surpass
Jeff Bezos.Musk had added more than $122 billion to his fortune in the
year 2021, which pushed his net worth to $292 billion, according to the
reports dated October 2021. This made Elon Musk the first person to be
the owner of such a huge fortune. Elon Musk's net worth was then
estimated to be $195 billion, which is currently estimated to be over $220
billion.

Elon Musk was born in Pretoria, South Africa, to a White South African
electromechanics Engineer, pilot, sailor, consultant and product developer,
who was his father and a Canadian Dietitian and model mother. Errol and
Maye Musk divorced in 1980. Though Musk initially started to live with his
father in Pretoria and elsewhere immediately after the separation of his
parents, Elon later regretted his choice and started to be estranged from
his father. Elon Musk has been described as an awkward and introverted
child throughout his childhood and he has also been a victim of regular
bullies in his school days.

Elon Musk - Career

 Musk developed an interest in computing and video games from a
very early age. At 17, Elon Musk chose to move to the United States for
finishing his auxiliary tutoring. Rather, Musk left for Canada and got
selected at Queen's University in Ontario at 19 years old. He started with a
PhD programme at Stanford University in 1995 yet dropped out just after 2
days to seek an enterprising vocation.
As chosen, the three noteworthy subjects of worry for giving his life's
central goal, Elon Musk, alongside his brother Kimbal Musk, began an
organization named 'Zip2'.

Elon Musk's Business Ventures

Elon Musk has evolved different and distinct categories in his
comprehensive business field. From automobile miracles to secured
money handful-application, from artificial intelligence (AI) research
organizations to uplifted propagation throughout the space, Musk has
achieved huge feats everywhere with his proficient signature and
discretion.

In 1995, Musk with his brother Kimbal Musk began a web

programming organization - Zip2, with cash raised from a little gathering
of holy messenger investors. In February 1999, Compaq, a noteworthy web
crawler at that point, procured this IT organization - Zip2 for $307 million in
cash and $34 million in stock options. The deal made it one of the greatest
money acquisitions in those days. Musk got $22 million for his 7% share
from the sale.
In March 1999, Musk established X.com, an online budgetary
administration and email payment company with $10 million from the
closeout of Zip2. One year later, the organization merged confinity, which
had a payment service application called PayPal . Musk was removed in
October 2000 from his job as a ceo because of conflicts with other
organization authorities.

SpaceX
In 2001, Musk considered Mars Oasis, an undertaking to send a small test
nursery on Mars, in the hopes of revolutionizing the aerospace industry and
making affordable spaceflight a reality. In February 2002, Elon Musk came
to Russia to search for three ICBMs (missiles), bringing along Mike Griffin.

In 2002, Musk ultimately established SpaceX with the long-term

objective of making a genuine spacefaring civilization. With US$100 million
of his initial fortune, Musk established Space Exploration Technologies or
SpaceX, in May 2002. Musk is CEO and boss of innovation official (CTO) of
the California-based SpaceX organization.

SpaceX creates and makes space dispatch vehicles with an emphasis on

propelling the condition of rocket innovation. The organization's initial two
dispatch vehicles were the Falcon 1 and Falcon 9 rockets and its first
shuttle is the Dragon

In September 2008, SpaceX's Falcon 1 rocket turned into the main privately
financed fluid-powered vehicle to place a satellite into Earth orbit. On May
25, 2012, the SpaceX Dragon vehicle berthed with the International Space
Station (ISS), impacting the world forever as the primary business
organization to dispatch and compartment a vehicle to the ISS.

Today, SpaceX is both the biggest private maker of rocket motors on

the planet and holder of the record for the most noteworthy push-to-weight
proportion for a rocket motor (the Merlin 1D). SpaceX has created in
excess of 100 operational Merlin 1D motors.

Tesla Motors
Tesla, Inc. (initially Tesla Motors) was established in July 2003 by Martin
Eberhard and Marc Tarpenning. In February 2004, Musk joined Tesla's
board of directors as its chairman and led the Series A round of
investment.
In 2008,Tesla Motors initially built an electric sports car, the Tesla
Roadster, with sales of 2,500 vehicles to 31 nations.
Tesla's income in 2018 was $21.46 billion. In 2013, Tesla's Model S
was the first electric vehicle to get the Car of the Year Award by Motor
Trend.

The general Tesla total assets were evaluated to be $2.2 billion in 2018,
dependent on its income and benefits. Nearly 75% of every single electric
vehicle sold in the US in 2019's first quarter were Teslas. Tesla saw an
income of $21.461 billion in 2018. The total assets of Elon Musk, Tesla's
CEO, were $18.1 billion as of May 2019.

Tesla recently saw a surge of 4.8% in the share price helping Elon Musk
surpass Jeff Bezos to become the richest man in the world.