...Rocket Man Elon Musk, pictured in the fuselage of his Falcon 9 rocket, plans to launch satellites at a fraction of the usual cost. o I ENTREPRENEUR OF THE YEAR I MUSK Spacean entrepreneur who s not travel. ^Mnally, afraid to think really, really big P H O T O C i R . M M I BV I l l . l . ( . R I HNBI'.RCi ^ Solar DQwer. l BY MAX CHAFKIN r iCi p i cars. DECEMBER2007 INC. MAGAZINE 115 atching Elon Musk at work is an exercise in controlling your urge to buy a man a drink. Make that several drinks. Musk is 36 years old, wicked smart, worth several hundred niillion dollars, and built like a tight end—thickset through the middle and well over 6 feet tall. Yet he never looks quite comfortable. Sitting in front of the oversize computer screen on his desk, he rolls back and forth in his chair, slouches and unslouches, rubs his temples, raps his fingers, and plays with his wedding ring. When he sighs, which he doesfrequently,his chest heaves, and his eyes widen, like someone confronted with news of his own death. He generally speaks in complete, precise sentences, rarely telling a joke or even cracking a smile. It's not that Musk is an unpleasant guy. He just happens to be really, really busy. Musk is CEO, majority owner, and head rocket designer at SpaceX, an aerospace start-up in El Segundo, California, that by 2011 plans to be hauling astronauts to and from the International Space Station. And that's just his day job. Musk has two more wildly ambitious...
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...Elon Musk Michael Jernigan Keiser University Fort Lauderdale, FL November 18, 2015 Elon Musk Introduction Personal Information Elon Reeve Musk belongs to Pretoria, Gauteng Province of South Africa, who born on 28th June, 1971. His father name was Errol Musk. Musk is an architect who is married with a couple of women named; Justin Musk an Talulah Riley and has five sons from both his wives. Musk is a business man and his businesses are spread in America and Canada. He is called as investor, engineer and inventor as well. He is an entrepreneur. Now a days he lives in Bel Air, Los Angeles, California, United States. He has the nationality of three countries, including South Africa, America and Canada. He did his primary education in the Waterkloof House School and high school classes in Pretoria Boys high school. He did his master degree from the University of California. He is known for his businesses such as Paypal, SolarCity, Tesla Motors and Hyperloop. His total worth is more than 12 billion dollars. Professional Background He got his tow bachelor degrees including Bachelor of Science in Economics and Bachelor of science in physics. He started his business in 1995 by opening a unofficial nightclub. Later on he started his business with his brother by investing 28000 dollars from his father’s property. This company name was Zip2. This firm developed very quickly because it was an internet city guide for the publishing company. Later on, he merged Zip2 with CitySearch...
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...Elon Musk: An Entrepreneur With a Huge Success Linda E. Buehler Keiser University Fort Lauderdale, FL 25 February 2016 Elon Musk: An Entrepreneur With a Huge Success Elon Reeve Musk a man worth $10.7 billion was born June 28th, 1971 in Pretoria, Transvaal, South Africa to a beautiful model named Maye from Regina Saskatchewan, and Errol Musk, a South Arican-born electromechanical engineer (“Elon Musk”, 22 February 2016). Elon is the oldest of 3 with having a younger brother and sister. Elon’s parents were divorced when he was still young while he resided with his father most of his youth in South Africa he eventually gained citizenship to Canada through his mother and moved there just before his 18th birthday. Elon had been severely bullied growing up but if anything that might of helped him in discovering the computing with the Commodore VIC-20 at the age of 10 and at the age of 12 sold the code for a BASIC-based video game he called Blastar for approximately $500.00 USD (“Elon Musk”, 22 February 2016). At the age of 19 Elon attended Queen’s University in Kingston, Ontario after a short 2 years there he transferred to the University of Pennsylvania, in which he studied and received a bachelor’s degree in physics at the College of Arts and Sciences, then a bachelor’s degree in economics at the Wharton School of the University of Pennsylvania. In 1995 Musk moved to California to begin a PhD in applied physics at Stanford University only to drop the program after two...
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...adversity, Elon Reeve Musk is an American entrepreneur, designer and financial specialist. He is best known for his role as CEO of Tesla Motors, and as co-founder of online money transfer system PayPal, and of commercial space program SpaceX. Which was the first private company to launch a rocket into space. Musk was cited as saying, "I feel extremely fortunate. For us, it's similar to winning the Super Bowl." Elon Musk puts resources into the undertakings that can change our reality. Elon Musk gives himself to space and alternative essentialness progresses. He plays by some particular rules and does that successfully. The unmistakable personality characteristics of Elon Musk are dauntlessness, essential considering,...
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...Commencement Address: Elon Musk at Caltech (California Institute of Technology) Elon Musk is a extaordinary billionaire with a innovative vision. He made a speech in Caltech in 2012, where he told a story about his business history. That involves getting to America, studying in Wharton School of University of Pennsylvania, his first steps in business and which difficulties it brought. The inventing thing started, when he read a quote from Arthur C. Clark, 'A sufficiently advanced technology is indistinguishable from magic.' If you go back say, 300 years, the things we take for granted today, you'd be burned at stake for. Being able to fly. That's crazy. Being able to see over long distance, being able to communicate, the Internet as a group mind of sorts, and having access to all the word's information instantly from anywhere on the earth. This really would be considered magic in times past. So he thought, If he can do some of those things -- if he can advance technology, that is like magic and that would be really cool. The first serious product of Musk’s was PayPal. Initially, the goal with PayPal was create a conglomeration for financial services, so all financial services could be seamlessly integrated to work smoothly. They had a little feature, e-mail payments. Whenever they would show the system off, they would show the hard part, the conglomeration of financial services, which is difficult to put together. Nobody was interested. Then they showed people e-mail payments...
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...to prove electric vehicles are practical and awesome. Martin Eberhard and Marc Tarpenning were responsible for creating the company. Leading the first investment was Elon Musk in February of 2004. In 2008 the company released the Tesla Roadster, to which there was no equal. The electric vehicle drives emission free in 37 countries. Tesla registered for an Initial public offering during January of 2010 and began trading on the NASDAQ exchange in June of the same year. When the market opened, shares sold at $17 dollars. At closing the price per share was $23.89, an increase of 40.5%, netting Tesla 226.1 million in funding. Investors saw potential in a company with a vision of the future that was back by an emerging Elon Musk. Elon Musk was born June 28, 1971 in Pretoria, South Africa. After earning a degree in physics from the Universty of Pennsyvania and a degree in business from the Wharton School at UPENN, Musk started Zip2. The web software company was sold for $307 million dollars. He received 7% or $22 million dollars from the sale. Musk moved on to co-found PayPal which was aquired by E-bay in 2002 for $1.5 billion in stock. The early growth of PayPal can be credited to the campaign created by Musk. Waisting no time, Musk founded his third company, Space Exploration Technologies(SpaceX), in 2002. With Musk as the CEO and CTO, SpaceX would become the first commercial company to dock with The International Space Station and return cargo. At Tesla he is the current CEO and...
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...Ryan Lee Elon Musk, Business Leader and Superhero 1. Which roles does Musk appear to occupy as a leader of his companies? As it states in the reading, people who have worked for Musk, say he is an autocratic leader and is as blunt as it gets, almost to the point where he is offensive (Dubrin, 2016). He comes of as an extremely strong entrepreneur based on the reading, from starting his main company, X.com, the turning it into a 1.5 billion dollar company when it turned into PayPal. After selling that company, he started three other companies that have been highly successful. He also carries out the executor role, by making this happen and translating plans into action (Dubrin, 2016). These different roles he plays as a leader help him to succeed in different industries with different companies. 2. What would you perceive to be a key advantage and a key disadvantage of reporting directly to Musk? The key advantage to reporting directly to Musk is the knowledge he holds in the companies he owns and how he can help his employees. “If you want to change something or fix something, just talk to Elon. It keeps the signal-to-noise ratio high” (Dubrin, 2016). Reporting directly with Musk can also help the company because he can teach the lower-end employees how to properly complete their job and what the exact needs are. A key role for followers is to collaborate with leaders in achieving organizational goals, as reflected in the emphasis on collaborative leadership (Dubrin...
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... workforce, and hardware and software systems security as the most important drivers of growth in the company’s control. 1. CEO Elon Musk: One of Tesla’s most valuable assets is CEO Elon Musk. Musk is a charismatic leader who is admired by the company’s employees. Talented people choose his company because they believe that, by working for a person with his track record, they will be a part of something great.1 Elon Musk made his millions selling PayPal to eBay. He is also the CEO and founder of Space X and serves as the chairman at SolarCity, where he plans to bring solar Photovoltaic (PV) panels to the masses. He’s also designing a transportation tube he calls Hyperloop that would transport people in pods at over 700 MPH.2 Elon Musk, also admired by customers, is valuable to the company because he largely contributes...
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...products, they are considered of the largest and highest valued semiconductor chip makers throughout the world and in the semiconductor industry. Cisco Cisco is in the Networking industry, and they do everything from design to sell networking equipment. John Chambers is the CEO and chairman of the company. They were founded in 1984, they’re based in California, and the name “cisco” actually derived from San Francisco. Tesla Tesla produces electric cars and electric vehicle components. They do everything from the designing to the manufacturing of the vehicles. They’re in the automotive industry. The CEO of the company is Elon Musk, who is also the CEO of SpaceX. SpaceX SpaceX is a company in the aerospace industry that was founded in 2002. It was original founded with the goal of minimizing the cost of traveling to space. It’s CEO and founder is Elon Musk who is also the CEO of Tesla. They have developed several launch vehicles and...
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...Tesla motors took great step ahead to control pollution on EARTH by discovering electric car with high cost saving cars, soon they will be launch electric motorcycles. Tesla motors are baby of great person ELON MUSK and his team, who is founder of PAYPAL, SPACEX and now TESLA MOTORS. His visionary thinking to save planet by pollutions, creating spacecraft which is reusable gave him big success in markets of world. Company’s main strategy is to provide high cost affordable electric cars, which will help us to save earth from pollution. (Executives. (2012, June 26). Executive Bios. Retrieved March 31, 2014) Tesla Motors, Inc. is an American company that designs, manufactures and sells electric cars and electric vehicle power train components (EVs).Tesla Motors is public company that trades on the NASDAQ stock exchange under the symbol TSLA. In the first quarter of 2013, Tesla posted profits for the first time in its ten year history.Tesla Motors first gained widespread attention by producing the Tesla Roadster, the first fully electric sports car. The company's second vehicle was the Model S, a fully electric luxury sedan.Tesla also markets electric power-train components, including lithium-ion battery packs, to automakers, including Daimler and Toyota.Tesla's CEO, Elon Musk, has said he envisions Tesla as an independent automaker, aimed at eventually offering electric cars at a price affordable to the average consumer. (http://en.wikipedia.org/wiki/Tesla_Motors) 2. The 4Ps...
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...Ethics Key Issue The key issue involving Tesla Motors is the organizations approach to marketing their product and social mission. The fundamental idea behind the company’s existence is to create vehicles that require sustainable energy as oppose to fossil fuel dependency. The demand for their products is built on the zoom out, bigger picture idea that consumers will eventually switch from the current fossil fuel powered cars to alternative energy powered cars in the future (Kanter, 114). The founder and current Chief Executive Officer, Elon Musk, created this organization based on his long term vision that the future of automobiles requires a less oil dependent vehicle. Tesla Motors has consistently reported losses since implementation but the growth and popularity of the organization is based on the future potential and not present success. Shareholders and those involved will eventually want to see real results for them to continue to support Musks bigger picture (Kanter, 114). By non-GAAP standards the company has reported an expectation to create positive earnings and cash flow by early 2016 but previously the company has failed to meet short term expectations (https://hbr.org/2015/05/teslas-not-as-disruptive-as-you-might-think). The lack of profit stems from a combination of dismal efforts to reach more consumers and generate awareness, the costs associated to purchase a vehicle and Teslas approach to marketing and generating sales. Tesla Motors marketing ploy is based on word...
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...Tesla Motors, founded by Elon Musk, Marc Tarpenning and Martin Eberhard, is a company that produces a high-performance electric sports car, and is backed by a number of high-profile investors. Introduced in June 2006 to the public complete with a test drive by California Governor Arnold Schwarzenegger, the Tesla Roadster is able to go from 0 to 60 in less than 4 seconds (competitive with Porsche and Lamborghini models), while also delivering 100 miles per gallon (double the efficiency of the Toyota Prius). The car's base price is around $100,000, and can be ordered online. - See more at: https://www.crunchbase.com/organization/tesla-motors#sthash.134SJzBO.dpuf Tesla Motors Inc is the only company to succeed in manufacturing Electronic vehicles. This assignment will demonstrate more on the introduction of the company, what is strategic management, the components and elements of strategic management. Also strategic roles of the CEO, Elon Musk will be discussed. Moreover it will detail in the effectiveness of strategic management of Tesla Motors Inc. companywasfoundin2003headquarteredinPaloAlto,California. Engineerswhodesiredtoprovethattheseelectronicvehiclescouldbecomethenextbighit tisanAmericancompanywhichdealsinmanufacturing,designingandwholesalingelectriccarsandvehiclepowertraincomponents production was a remarkable after it hit the streets in early 2008. It is an American company which deals in manufacturing, designing and wholesaling electric cars and vehicle power...
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...MEMORANDUM Company Background Tesla Motors, Inc. was founded in 2003 by South African entrepreneur Elon Musk, and is based in Palo Alto, California. The company designs, manufactures, and sells electric cars, and is known for introducing the first fully electric sports car, the Tesla Roadster, in 2008. It was priced at $109,000 and could travel more than 200 miles per charge, twice as far as its competition. Tesla stopped producing the Roadster in 2011 as its contract with the key supplier expired, and launched the Model S in June 2012. The car ranges from $50,000 to $100,000 and can travel as far as 300 miles, depending on battery-size as well as the driver’s average speed. *Image adapted from Tesla Motors’ official website Furthermore, it takes about an hour to charge the car at a cost of $1.36 (given that you pay the national average of $0.12/kilowatt hour), and there are currently eight Supercharging stations across the nation. Tesla estimates to build another 19 stations during the summer of 2013, and cover 98% of the U.S. and Canada by 2015. The Supercharger allows drivers to charge for free and at a rate twice as fast as regular outputs (Tesla Motors). Elon Musk has said from day one that his main goal for the company is to drive forward the electric car revolution and create a mass-market car costing $30,000. However, that will take time. Musk and his team have been criticized for delaying production, and before May 2013 the company had made losses...
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...New York Magazine, Case in the News 1. What management challenges is Elon Musk facing as he prepares SolarCity to make its own solar panels? Elon Musk faces several management challenges in preparing SolarCity to make its own solar panels. First, rather than following suit behind companies that are focusing on the “platform-only model” and doing business solely as the middleman, Musk proposes that SolarCity make their own photovoltaic panels rather than purchase them from outside suppliers. This may prove to be a bit of a challenge because SolarCity will need to spend more time and money on the resources required to manufacture these photovoltaic panels instead of buying them from suppliers. Resources such as equipment, raw materials and more manpower to actually manufacture the product. Also, by expanding the Silevo factory in Buffalo, New York to deal with the increasing demand for solar panels, there is a higher need for efficient and effective management to deal with a more diverse workforce. With more ground to cover so to speak, managers will be faced with the challenges of setting appropriate goals for SolarCity and utilizing its resources efficiently in attempts to build a competitive advantage (Jones & George, 2016, pp. 20-21, 30). Communication among managers through planning, organizing, leading and controlling (pp. 7-10) will also be a challenge in expanding the organization, since all the messy manufacturing work is going to be done within the company rather than...
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...this notice. For more information please contact copyright@cqu.edu.au CASE 6 Tesla Motors and the U.S. Auto Industry (Case B) Michael Janovec Georgia Institute ofTechnology Frank T. Rothaermel Georgia Institute ofTechnology LON MUSK, CEO of Tesla Motors, sped past the security guard in his brand new Tesla Roadster without waving . Despite his reputation as a brash leader, Mr. Musk normally took the time t0 exchange pleasam tries in the morning . Today, however, Mr. Musk's mind was traveling a mile a minute. The company had just filed its first annual 10-K with the U.S. Securities and Exchange Commission (SEC), and Musk had an important meeting with Tesla's board of directors at the end of the week to discuss the company's future. As Mr. Musk walked into his office, a photo caught his eye. It was a picture of him ringing the opening bell at the NASDAQ on June 29, 2010, the day that Tesla went public. As he looked at the picture, he thought about how that day had changed his life and the life of his fledgling company. Tesla had gained a much-needed capital injection, but along with the financial boost also came increased scrutiny from the board of directors. Now instead of answering only to himself, Musk faced questions from the board about how he planned to reverse a troubling decline in Tesla's share price over the past five months. What would be Tesla's...
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