The South African-born computer programmer and businessman is merit 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 expended $100 m to note SpaceX, which aims to cut the cost of space travel through engineering such as reusable rockets. One of Musk’s ultimate goals is to colonist efforts to colonise Mars.
Musk became a major investor in electric car companionship Tesla in 2004 and took over the reins in 2008. Tesla has focused on building a vehicle with mass grocery plea. Despite low-pitched sales, its stock market value pas Ford last year.
Another ambitious Musk project is the Hyperloop, his perception of a super-fast underground transport system to whisk fares between major US cities, such as LA and San Francisco, at hypersonic hasten. He has called the idea a “cross between a Concorde and a railgun and an air hockey table”. Critics say it is too impossible and expensive.
More recent ideas include OpenAI, a not-for-profit conglomerate experimenting artificial intelligence, and Neuralink, a company look into the possibility of connect the human brain with AI.
Photograph: Peter Parks/ AFP
Caught in what Musk has called ” manufacturing hell”, the electric car firm has failed to touched its weekly production target of 2,500 Model 3 vehicles in the first quarter of 2018, fostering doubt within the industry that Tesla will be able to touched its 5,000 -a-week target in three months time.
The substantial creation deficit has delayed crucial patron bringings. Musk said he was forced to take direct dominance of the production line at the opening up of April, resorting to plucking all-nighters and sleeping at the factory.
” We were able to unlock some of the critical things that were containing us back from contacting 2,000 gondolas a week. But since then, we’ve continues to do 2,000 autoes a week ,” he said.
At the same time Tesla is facing negative advertisement over a lethal clang of one of its Model X SUVs that was driving employing the firm’s Autopilot mode, openly clashing with the US National Transportation Safety Board and attempting to suppress questions before media attention.
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