The South African-born computer programmer and businessman is value about $21 bn( PS15bn) today. He was propelled into the ranks of the super-rich with sales of PayPal to eBay, which netted him $165 m
In 2002, he applied $100 m to notice SpaceX, which aims to cut the costs of space travel through technology such as reusable rockets. One of Musk’s ultimate aim is to pioneer efforts to colonise Mars.
Musk became a major investor in electric car fellowship Tesla in 2004 and took over the controls in 2008. Tesla has focused on building a vehicle with mass sell request. Despite low-spirited auctions, its stock market value overpower Ford last year.
Another ambitious Musk project is the Hyperloop, his imagination of a super-fast underground transport system to whisk passengers between major US cities, such as LA and San Francisco, at hypersonic velocity. He has called the idea a “cross between a Concorde and a railgun and an breeze hockey table”. Commentators say it is too impractical and expensive.
More recent ideas include OpenAI, a not-for-profit house experimenting artificial intelligence, and Neuralink, a company look into the possibility of connect the human rights brain with AI.
Photograph: Peter Parks/ AFP
Caught in what Musk has announced ” manufacturing blaze”, the electric car conglomerate has failed to stumbled its weekly production target of 2,500 Model 3 vehicles in the first quarter of 2018, promoting incredulity within the industry that Tesla will be able to affected its 5,000 -a-week target in three months time.
The substantial creation deficit has retarded decisive client deliveries. Musk said he was forced to take direct self-control of the production line at the opening up of April, resorting to attracting all-nighters and sleeping at the factory.
” We were able to unlock some of the crucial things “thats been” hampering us back from contacting 2,000 autoes a week. But since then, we’ve could still do 2,000 cars a week ,” he said.
At the same time Tesla is facing negative advertising over a fatal clang of one of its Model X SUVs that was driving employing the firm’s Autopilot mode, openly squabbling with the US National Transportation Safety Board and attempting to suppress problems before media attention.
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