The South African-born computer programmer and industrialist is worth about $21 bn( PS15bn) today. He was propelled into the ranks of the super-rich with the sale of PayPal to eBay, which netted him $165 m
In 2002, he exploited $100 m to feel SpaceX, which aims to cut the cost of space travel through technology such as reusable rockets. One of Musk’s ultimate goals is to pioneer efforts to colonise Mars.
Musk became a major investor in electric car company Tesla in 2004 and took over the controls in 2008. Tesla has focused on building a vehicle with mass market plead. Despite low-spirited auctions, its stock market value overtook Ford last year.
Another ambitious Musk project is the Hyperloop, his image of a super-fast underground transport system to scoot passengers between major US municipalities, such as LA and San Francisco, at hypersonic speeding. He has called the idea a “cross between a Concorde and a railgun and an air hockey table”. Critics say it is too impractical and expensive.
More recent ideas include OpenAI, a not-for-profit conglomerate researching artificial intelligence, and Neuralink, a company exploring ways to connect the human brain with AI.
Photograph: Peter Parks/ AFP
Caught in what Musk has called ” producing blaze”, the electric car firm has failed to hit its weekly production target of 2,500 Model 3 vehicles in the first quarter of 2018, fostering mistrust within the industry that Tesla will be able to thumped its 5,000 -a-week target in three months time.
The significant yield deficit has delayed crucial customer deliveries. Musk said he was forced to take direct controller of the production line at the beginning of April, resorting to gathering all-nighters and sleeping at the factory.
” We to be allowed unlock some of the crucial thoughts that were regarding us back from contacting 2,000 automobiles a week. But since then, we’ve continued to do 2,000 gondolas a few weeks ,” he said.
At the same time Tesla is facing negative advertisement over a lethal crash of one of its Model X SUVs that was driving using the firm’s Autopilot mode, openly feuding with the US National Transportation Safety Board and attempting to suppress topics before media attention.
Workers at risk as robots set to replace 66 m errands, alerts OECD