Elon Musk: Is he falling out of grace?



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Elon Musk is a regular name in titles, with a plethora of stories about his technical ideas and rocket launches.

He is best known as a key player in the Tesla Electric Car Company and the SpaceX Aerospace. These investments have helped to build a multi-billion dollar fortune over the last two decades.

But all was not clear to the inventor and the contractor. A number of missteps and quarrels in recent months have angered his many fans, as well as investors in his businesses.

Why is it controversial?

Musk may have built a loyal fan base in recent years, highlighted by more than 22 million followers on Twitter, but 2018 has proven to be a controversial year for the billionaire.

His most recent crash came in the wake of the youth soccer rescue team of a flooded cave in northern Thailand. In a series of tweets, which have been removed, Musk has called "paedo" diving expert Vern Unsworth and hinted that it was "sus" [suspect] for a living British ex-pat in Thailand

. came after Unsworth called Musk's mini-submarine designed to help rescue stranded youths and coach them an "RP coup" during an interview with the US broadcaster CNN . The Tesla leader later apologized on Twitter to "Mr. Unsworth and the companies I represent as a leader," adding that his "words were expressed with anger."

Meanwhile, Musk cut badysts. Tesla's conference call results after he found them too "boring" and "dry". This resulted in a drop in the company's stocks "apparently at the same time as the questions of the badysts were dismissed," says Bloomberg.

This was followed by Musk's engaging in many arguments with reporters on Twitter after he claimed that the press focuses on the deaths in Tesla vehicles, Metro said.

Since then, he has "offered a solution to fight against negative media coverage," says the news site, which takes the form of a media badessment website called Pravda. This would allow users to badess the legitimacy of articles, reporters and publications in order to avoid false news.

Considering that the Musk drilling company, the Boring Company, was created from an idea posted on Twitter, it is possible that the site of Pravda becomes a real service.

Who is Elon Musk?

Elon Musk, a 46-year-old South African billionaire, founded and invested in several high-tech companies. He was born and raised in South Africa until the age of 18, says Forbes, before moving to the United States "as a student transferred to the University of Pennsylvania".

He co-founded the PayPal online payment service and has since accumulated a net worth of $ 21 billion (£ 16 billion). This makes Musk the 80th richest person in the world.

How did he become a billionaire?

Musk's long road to billionaire status began with his ability to use money with resources from an early age, says Time. From creating his own video game at the age of 12 to converting his college home into a nightclub to pay rent, the path to Musk's wealth was "far from a day's success." overnight. "

1995 to co-found the Zip2 online directory company with his brother, told Business Insider, Musk has become one of the leading investors in the online payment company now known as from PayPal. Despite being fired from the board, he remained a shareholder and earned about $ 182 million (140 million pounds sterling) when the company was sold to eBay in 2002.

He used the same. transaction money to found SpaceX and invest in Tesla. According to Forbes, thanks to the growth of these two companies, Musk's wealth jumped from $ 680 million (£ 525 million) in October 2011 to $ 2 billion (£ 1.5 billion) less than six months later.

What is he doing now?

SpaceX and Tesla are the most famous companies in which Musk is a key player.

SpaceX aims to reduce the cost of space travel dramatically by reusing rockets. Previously, most US government-backed rockets at NASA were limited to one flight, as it was easier to let them burn by entering the atmosphere than to reuse them.

Since 2007, the aerospace firm of Musk and relaunched several rockets, which according to the company brings them closer to their goal of transforming space exploration by reducing operating costs.

Then there is Tesla, the electric vehicle firm that aims to shake up the auto industry. All cars in the business are powered by batteries and electric motors, which significantly reduces their carbon footprint.

Tesla recently launched a cheaper product called the Model 3 to help more car owners buy an electric powered vehicle. It costs around $ 35,000 (£ 27,000), but the large number of pre-orders means that many customers will not receive their car until next year.

What are the next steps?

Musk is involved in a growing number of businesses and projects, many of which are focused on improving public transportation or the development of personal technologies.

One of his most recent companies is The Boring Company, which, according to Tech Crunch, is developing "an underground rail system for vehicles." The goal is to reduce congestion in cities by transporting people through a series of underground pipes.

Musk is also the co-founder of OpenAI, a company that "focuses on long-term research" on the benefits and dangers of AI technology. The company publishes open-source software to accelerate research on AI.

He also sits on the board of SolarCity, a company specializing in the development of solar panels to work with renewable energy storage systems offered by Tesla.

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