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Elon Musk and the Fall of His World Empire – Orange County Register

From being bullied by peers and being badly beaten and hospitalized for a week, to becoming the richest man in the world, Elon Musk has faced adversity and ridicule throughout his life. He has revived the electric vehicle, aerospace and solar energy industries, narrowly avoiding bankruptcy twice in the process.

Is Musk a madman, a genius, an idiot, or a hero? Regardless of what you think of him, Musk’s success, popularity and global influence on society have catapulted him from geek to rock star status.

And there are plans to one day colonize Mars,he’s not finished yet

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Elon’s global footprint

Tesla and SpaceX’s global footprint comprises at least 19 factories and 70,000 employees across three continents. Those locations are:

Iron’s empire

Musk earned most of his wealth from Tesla in his early days as an electric car maker, but he was already very wealthy after co-founding financial services company PayPal and later selling a stake in it. With this in mind, it shouldn’t have been a problem for him to pay $75,000 to buy the rights to the Tesla name.

performance timeline

1983: Musk was only 12 years old when he created the source code for a video game called Blaster. The player was given his five ships available to destroy as many alien fighters as possible. Two years later, he sold his Blastar code to a computer magazine for his $500.

1995: Brothers Greg Kouri, Elon and Kimbal founded the Global Link Information Network, an online business directory in Palo Alto that replaces the standard yellow pages.

1996: Global Link received $300 million from Mohr Davidow Ventures, changed its name to Zip2, and provided licensed online city guide software to newspapers. Musk was quickly sacked as CEO and replaced by a more experienced leader.

1999: Mr. Musk sold Zip2 to Compaq Computer Corp. for more than $307 million. With the proceeds from the sale of Zip2 and the help of his three other co-founders, Mr. Musk launched his X.com. It was an online bank that facilitated the process of transferring funds digitally, eliminating the need for postal mail and traditional banking infrastructure.

PayPal CEO Peter Thiel (left) and founder Elon Musk (right) pose with the PayPal logo at its headquarters in Palo Alto, California, October 20, 2000. Online payment provider PayPal Inc. has raised $70.2 million in highly anticipated funding. But a patent infringement lawsuit caused investors to be on guard as shares began trading on the Nasdaq Stock Exchange on Friday, February 15, 2002. Palo Alto-based PayPal expected a net profit of $61.3 million after selling its first 5.4 million shares Thursday for $13 a share, according to Securities and Exchange Commission filings. there is  (AP Photo/Paul Sakuma, File)
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the year of 2000: X.com partners, including Musk and Confinity co-founder Peter Thiel, have merged to form PayPal, a payments-based secure online payment platform for Palm Pilots. Shortly after, while on vacation in Australia, Mr. Musk was removed as CEO and replaced by Mr. Thiel on the board.

2001: With his dream of advancing space exploration in his sights, Musk and colleagues traveled to Russia to negotiate the purchase of a modified intercontinental ballistic missile (ICBM) to carry payloads into space. The price for the three rockets was $18 million. Musk offered $6 million for the two. Insulted Russians spat in his face.

2002: PayPal was sold to eBay in a $1.5 billion stock deal, of which Elon received $165 million.

BERLIN, GERMANY-DECEMBER 01: SpaceX owner and Tesla CEO Elon Musk poses on the red carpet during the Axel Springer Awards 2020 in Berlin, Germany, December 01, 2020.  (Photo credit: Britta Pedersen-Pool/Getty Images)
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That same year, the Musk Foundation was established as a non-profit organization to support renewable energy, children’s research and education, and the development of artificial intelligence to benefit humanity.

2002: Musk will use his PayPal profits to found SpaceX, which will revolutionize the space industry and become the world’s largest private manufacturer of reusable rockets.

Musk hired rocket engineer Tom Mueller, who was to build a rocket engine for 3% of what he would pay to get one from the same Russian man Musk spat in his face. rice field.

2003: Tesla Motors was founded by Musk and two other men. This electric car company is named after inventor Nikola Tesla. But since the Tesla Motors name was already owned, Musk had to pay a man in Sacramento $75,000 for the name.

2004: The first Signature One Hundred set of fully equipped roadster electric vehicles has been released. Price: $109,000.

The Tesla Roadster electric car is in its new showroom in Los Angeles (May 6, 2008). Tesla Motors develops and manufactures electric sports vehicles while complying with all US safety, environmental and durability standards.  The 2008 model has sold out and Tesla is now accepting pre-orders for the 2009 model Tesla Roadster. In total, more than 1,000 Tesla Roadsters have been reserved to date. The Tesla Roadster is unique in offering supercar performance with a 0-90 mph acceleration of 3.9 seconds, a redline of 13,000 rpm, plus an EPA-rated 135 MPG equivalent, and twice the energy efficiency of his best hybrid. is.  AFP PHOTO / GABRIEL BOUYS (Photo credit GABRIEL BOUYS/AFP via Getty Images)
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2006: SolarCity was founded by Musk’s cousins, with Musk being the primary financial backer. By the mid-2010s, the company was one of the top residential solar installers in the United States.

September 28, 2008: After three failed attempts, SpaceX launched Falcon 1, the first orbit of a private venture liquid-fueled rocket. Despite this milestone, a failed launch of Tesla’s Roadster and countless production delays left Tesla and SpaceX on the brink of bankruptcy.

December 23, 2008: NASA helped SpaceX to become a supplier to the International Space Station. The company received $1.6 billion for 12 flights, and Mr. Musk avoided bankruptcy in just hours.

year 2012: Model S debut. Price: $57,400.

2013: Musk released a white paper proposing the Hyperloop concept. A hyperloop is a decompression tube in which a pressurized capsule rides on air bearings and residual air pressure in the tube provides lift from the airfoil and propulsion from the fan.

Hawthorne, CA - December 18: Elon Musk, Co-Founder and CEO of Tesla, at The Boring Company Hawthorne Exam December 18, 2018 in Hawthorne, CA Arriving in a modified Tesla Model X electric vehicle during the tunnel's unveiling event. On Tuesday night, The Boring Company officially opened the Hawthorne Tunnel, heralding Musk's larger vision of easing traffic in Los Angeles.  (Photo credit: Robin Beckpool/Getty Images)
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2015: Model X debuted. Price: $80,000.

December: Musk co-founded OpenAI as a non-profit organization with a for-profit artificial intelligence research lab component. It started with his $1 billion joint pledge from the founders.

2016: Musk bought a stake in SolarCity through Tesla for $2.6 billion and incorporated it into the business as Tesla Energy.

December: Musk founded The Boring, a subsidiary of SpaceX, to build tunnels that will be used to innovate and speed up underground transportation.

2017: Falcon 9 was the first successful relaunch and landing from space by a spent orbital rocket.

The Tesla Model 3 has debuted. Priced at $35,000, he is the most popular electric car in production today, with over one million units sold worldwide.

The exterior of the all-new Tesla Model 3 at the 2017 LA Auto Show on November 29, 2017 in Los Angeles, California.  /AFP Photo/Mark RALSTON (Photo credit MARK RALSTON/AFP via Getty Images)
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May 8, 2021: Musk will host Saturday Night Live for the first time.

November: Tesla stock hit a record high of $414.50 per share, making Musk the world’s richest man with assets worth $340 billion.

2022: After buying enough shares to become a major shareholder by April 1, Musk decided to buy Twitter for $44 billion.

This illustrated photo taken on May 13, 2022 shows Elon Musk's Twitter account with the Twitter logo in the background of Los Angeles.  - Elon Musk sent out mixed messages Friday about his proposed takeover of Twitter, putting pressure on the microblogging platform's share price amid widespread skepticism about whether the deal would go through.In an early morning tweet, Musk said the $44 billion acquisition was "Temporarily on hold" pending questions regarding the estimation of the number of fake accounts of social media companies; or "bot." Shares of Twitter plunged 25% as a result.  (Photo credit: Chris DELMAS/AFP) (Photo credit: CHRIS DELMAS/AFP, Getty Images)
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https://www.ocregister.com/2023/06/04/elon-musk-and-a-breakdown-of-his-empire/ Elon Musk and the Fall of His World Empire – Orange County Register

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