The South African-born computer programmer and entrepreneur is worth about $21 bn( PS15bn) today. He was propelled into the grades of the super-rich with the sale of PayPal to eBay, which netted him $165 m
In 2002, he used $100 m to know 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 reins in 2008. Tesla has focused on building a vehicle with mass sell plead. Despite low-toned sales, 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 whisk passengers between major US metropolis, such as LA and San Francisco, at hypersonic hasten. He has called the idea a “cross between a Concorde and a railgun and an breath hockey table”. Critics say it is too impractical and expensive.
More recent ideas include OpenAI, a not-for-profit conglomerate experimenting neural networks, and Neuralink, a company exploring ways to connect the human brain with AI.
Photograph: Peter Parks/ AFP
Caught in what Musk has announced ” inventing hell”, 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 indecision within the industry that Tesla will be able to stumbled its 5,000 -a-week target in three months time.
The significant product deficit has delayed crucial patron bringings. Musk said he was forced to take direct limit of the production line at the beginning of April, resorting to plucking all-nighters and sleeping at the factory.
” We to be allowed unlock some of the crucial acts that were maintaining us back from reaching 2,000 cars a week. But since then, we’ve continued to do 2,000 cars a week ,” he said.
At the same time Tesla is facing negative advertising over a fatal disintegrate 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 concerns before media attention.
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