Learning From The Masters – Lessons From Elon Musk
Before we get any further, let me make a short note of introductions. Elon Musk is an American businessman and inventor whose biographical details are published in biographies, books, and on the web. Elon Musk was born in Johannesburg, South Africa, the son of a Jewish family that migrated to the United States. Musk attended the University of Pennsylvania, earning a degree in electrical engineering before going into business for himself.
He began his career in aerospace design and development with RocketSpace Technologies Corporation, later buying Space Shuttle main engine development company PayPal. The company merged with PayPal in 1996 and was responsible for the design and development of the first PayPal rocket and spacecraft, the Artemis and Enterprise programs. Musk left PayPal to focus full time on his space technologies, launching both theailships into orbit and capsules to land on the moon. Among his other notable inventions and ventures are: the Hyperloop, the Solar Panel System, and the B-Sky model. Other ventures include assisting NASA with the development of the next generation of satellites and capsules and developing electric cars.
Before we get any further, I’d like to point out what Musk’s specialty is and where he does it best: He’s a visionary. He has been a leading visionary in technology and space exploration. He has also been a leading force behind several innovative companies, which are redefining the way we do business in the 21st century. Some examples include PayPal, which helped create and strengthen PayPal Inc., a company that makes and trades money. He is also involved in Solar Storm Technologies, in which he is funding the development of innovative solar energy efficient automobiles.
In terms of his business ventures, Musk is best known as an innovator. He has been responsible for the development of both PayPal and Space X, two of the most pioneering companies in terms of launching spacecraft into space. He also was responsible for the design of the first successful fully-functional rocket, the PayPal Satellite Project, and the successful landing of the first reusable booster, the reusable Mars Science Laboratory, at Cape Canaveral. One can also lay claim to having being one of the co-founders of one of the very first profitable businesses in the internet, with PayPal.
What he has not been able to achieve though, is a seat on the board of a publicly-held corporation. This is because his ventures are all too small and too expensive to be worthy of investing in. A few have even gone into receivership. Nevertheless, he is still chief executive officer of both PayPal and Tesla Motors, despite the loss of his original companies. What he does have to be concerned with though is creating new businesses that will provide services worth billions of dollars.
The Model S-electric car is one such venture. He has already stated that he will present it at the International Motors Exhibition which is taking place in Detroit in the summer of 2021. He also intends to develop a Hypercar, which is a faster version of the Model S car. Other Model S electric car projects are also expected to be released in the future.
One of the main reasons why he is confident that these types of enterprises will succeed is because of the technology that is readily available to him. The Model S is one of the fastest cars ever developed by any company. What he has done then is applied that same technology to other commercial enterprise ventures. He has created businesses that manufacture batteries for companies like himself and then sell those batteries to automobile manufacturers. These batteries will be charged by electricity when the cars are in motion. That will allow the car to run on battery power all the time, thereby providing the owner with free energy.
All of us know that there are no easy rides in life. However, entrepreneurs like ourselves can certainly look to do something different. There are a number of things that we are all familiar with, and some of us probably do not even understand completely. Those who have been successful before you may have learned from their mistakes, and gotten better at managing various aspects of business enterprises. Mr. Musk has definitely mastered those lessons and has applied them to his enterprises.