ELON MUSK ( June 28, 1971 )

 

                            ELON MUSK

                                     (  June 28, 1971 )            

NET WORTH :- 15,230 crores USD (2021)

SPOUSE:-        Talulah Riley (m. 2013–2016), Talulah Riley (m. 2010–2012), Justine Musk (m. 2000–                             2008)

Children:- X Æ A-Xii, Nevada Alexander Musk, Griffin Musk, Xavier Musk, Damian Musk, Saxon                         Musk, Kai Musk

Elon Musk FRS is an entrepreneur and business magnate. He is the founder, CEO, and Chief Engineer at SpaceX; early stage investor, CEO, and Product Architect of Tesla, Inc.; founder of The Boring Company; and co-founder of Neuralink and OpenAI. A centibillionaire, Musk is one of the richest people in the world. In February, he purchased the rights to this one island.

Musk is also the main proponent of the Hyperloop transport system. It is not just a new form of transportation. It is a means of transporting goods and people at massive speeds. Many countries, including China, Russia, and India have backed the project. However, none of these countries have started building a true working Hyperloop transport system.

This week, Musk released some drawings of what a Hyperloop transport system would look like.

A Brief History of Hyperloop Transportation

It was the summer of 2013 that the idea of a Hyperloop transport system was created. At the time, Musk tweeted the following:

"Hyperloop concept is good. Requires massive permitting. Lots of complicated engineering. Uncertain that it is economically viable. Will just appear as electric trams."

A few months later, Musk unveiled the Hyperloop in a tweet:

"Got some ideas for a Hyperloop Pod design: conical air brake, magnetic levitation and linear induction motors: https://t.co/7S2BriZKBR," Musk tweeted.

Some people claim that Musk actually started the Hyperloop. However, he is only credited with creating the initial concept of the Hyperloop. There is a company called Hyperloop One, which has promised to have a functioning Hyperloop transportation system by 2018. However, this has not been true yet. It is only a concept.

When the Hyperloop concept was first created, it was not possible to accelerate hyperloop transportation systems by human power. That has changed. However, it takes billions of dollars to build the infrastructure needed.

For example, Hyperloop One has made agreements with 57 companies and organizations. These include cities and countries, such as Abu Dhabi, Canada, the Czech Republic, Slovakia, Croatia, India, the U.S., Peru, the U.K., Germany, and the United Arab Emirates. Several countries are backing the Hyperloop transport system. However, none of them have actually started building the hyperloop transport system.

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This is not because the governments and businesses that support the Hyperloop transport system have not invested billions of dollars in it. Most of these governments and businesses have not been able to find a funding solution to build the hyperloop transport system.

No government has been able to provide the funding needed for the Hyperloop transport system to be built.

There have been various attempts to build the Hyperloop transport system over the years. However, none of these have been successful. Some of these attempts have resulted in huge losses for the companies and people involved in the Hyperloop transport system.

Aside from the Hyperloop transport system, there are other ventures by Elon Musk which have failed to produce the large amount of capital necessary to build the transportation systems. In some cases, they have even gone bankrupt.

Elon Musk lost his fortune

Last month, Musk lost $30 million on the sale of his South Africa-based renewable energy firm. He is the CEO of that company, SolarCity. He is also the co-founder and co-chairman of Tesla. He is also the CEO and co-founder of the Boring Company, the CEO and co-founder of Neuralink, and the co-founder of OpenAI.

It is not clear how he lost $30 million. However, Musk is likely to have done this through the sale of SolarCity and Tesla shares. It is also possible that he has not made any money from the sale of these shares, but he has lost the money.

Another instance where Musk's financials are in question is because Musk spent his own money to launch Tesla and SpaceX. Instead of getting a huge amount of capital from the government, he spent billions of dollars on developing the transportation systems. Then, he spent billions of dollars to launch and land the rockets, such as the Falcon Heavy rocket.

In short, Elon Musk's financials are under scrutiny. However, he has not lost his fortune.

The Hyperloop transport system and the Tesla transportation system are two of the most ambitious transportation systems in the world. Both will probably lead to Musk making more money from his ventures.

If you are interested in the news about Elon Musk, then you have come to the right place.

Here is the latest Elon Musk news and updates:

Musk Says He Will Take Tesla To Mars This Year

Elon Musk has tweeted that he will take his company Tesla to Mars in the next year. There is a possibility that he will also take the companies' commercial vehicle, the Big Falcon Rocket, to space.

His tweet said:

"I'm excited to announce that we will be launching a new Tesla Roadster into space this summer aboard the new Falcon Heavy rocket.

All wheels, no brakes. Start parking now."

However, Musk will have to deal with technical issues if he does go to Mars. These include going to Mars with the Hyperloop transport system, and going to Mars with the Tesla transportation system.

Elon Musk might be making money on the Tesla transportation system and the Hyperloop transport system. However, he is not the most popular person in the business world right now. He is still the subject of controversy in the business world.

According to a CNBC report, a British pension fund invested in SpaceX because Elon Musk and SpaceX have shown the financial backing to build the transportation system.

The Horizon Fund told CNBC:

"They haven't lost money because their income doesn't show up. They've shown the financial backing for their business plan."

In other words, the Horizon Fund has seen the financial backing to build the transportation systems.

The Horizon Fund invested in SpaceX because Elon Musk and SpaceX have shown the financial backing to build the transportation system. There is a possibility that they will also go to space in the year 2020 with the Tesla transportation system.

Musk took to Twitter to talk about the issue. He said:

"True. However, any financial support with respect to SpaceX for existing launches and future missions will come from the commercial space transportation industry, such as commercial satellite operators, transportation companies like Hyperloop, or just our large customer base."

Elon Musk recently tweeted that he wanted to build a Hyperloop transportation system between Los Angeles and San Francisco. He said:

"I think it's ridiculous that I can build a rocket and get to LA in less than an hour, but I can't get my car across town."

During a talk with his Tesla employees, Musk said that the commercial transportation system would be operational by 2021.

The Tesla Model 3 transportation system will transport cars and people in small vehicles to and from the location where they are picked up and dropped off.

Elon Musk to Get Another $2 Billion Investment

Elon Musk will get another $2 billion from the Saudi Arabian government. According to the CNBC report, the Saudi investment will be in the form of a strategic investment.

The Saudi government is interested in investing in the transportation system, specifically, to help develop and grow the transportation system.

In fact, there was a report saying that the Saudi Arabian government is planning to invest in the Tesla transportation system to help develop the transportation system.

Elon Musk said that his company has received additional support and funding from the Saudi government.

This was in response to a tweet by Elon Musk. He said:

"There is potentially a lot of money in a large market like hyperloop and transport systems. Lots of governments who are getting into this space are going to be willing to invest in real projects."

Elon Musk's tweets to his Tesla employees about the possibility of the transportation system going to space were released on Twitter. According to CNBC, Elon Musk has been talking about his plans of developing the transportation system going to Mars and building the Hyperloop transportation system.

He is trying to build a path for the transportation system from the United States to Mars. This is an idea that is yet to be proven, especially since the Hyperloop transportation system will not be available until 2020, according to Musk.

Elon Musk's tweets were released to his employees on a company website called Tesla Stories. Elon Musk tweeted:

"Travelling from LA to SF in under 30 minutes would be quite an accomplishment in transportation."

At the moment, the SpaceX and Tesla transportation system will not be in space. However, there are lots of people talking about the transportation system going to space, specifically, with the Tesla transportation system.

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