Topic > Successful Entrepreneur Report: Elon Musk

IndexIntroductionBodyConclusionWorks CitedIntroductionThis report is about the entrepreneur Elon Musk, the report will discuss how he became the person he has become today and what helped him to be successful today, it will try to find out why he became an entrepreneur and where he studied. Elon Musk is important because he creates advanced technology and became a millionaire in his twenties. I chose Elon Musk because his goal wasn't primarily to become an entrepreneur. However, he wanted to work as an engineer and work with technology. As he said in one of his interviews: "It wasn't about being rich, it was just from the perspective of wanting to be part of the Internet." We say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay Body Elon musk was born on June 28, 1971 in Pretoria, South Africa. He began attending Waterkloof House Preparatory School, then transferred to another school and graduated from there, Pretoria Boys High School. He subsequently attended Queen's University and then transferred to the University of Pennsylvania, where he obtained two majors: physics and economics. When Musk was 24, he earned his doctorate in physics from Stanford University, but dropped out of the program just two days later because he had big business ideas in technology. His father, Errol Musk, was a successful South African engineer. On the other hand, her mother, Maye Musk, was a Canadian model and the oldest woman to appear in the cover girl campaign. At one point in his life he worked five different jobs to support his family. Elon Musk founded his first company with his brother Kimbal Musk in 1995, which was the company Zip 2. Which provided newsletters and magazines. In 1999, a computer company bought it for nearly $340 million. This helped Elon and Kimbal Musk create X.com, a money transaction service, which was then called PayPal. However, in 2002 eBay purchased the company. Later, in 2002, Elon Musk created SpaceX, a space exploration technology company, with money from his previous business. And NASA actually had plans with the company to transport cargo to the International Space Station. In 2003 he created Tesla Motors which sells electric cars and is the most successful electric car on the market. In 2004, Elon Musk founded the Boring Company, which started as a joke, but then became a huge success selling merch. Elon Musk's financial situation is increasing over time, in 2014 he earned $35,560, in 2015 he earned $37,584, in 2016 he earned $45,936, in 2017 he earned $49,920. In 2018 it earned $2.3 billion, in 2019 it earned $7.4 billion. Elon Musk owns shares of Tesla Motors which equate to approximately 18.5% of the company's shares. Tesla's current stock price is $793.12. the types of sectors Elon Musk's companies fall into the manufacturing and technology sectors. And one of Elon Musk's competitors are Blue Origin and United Launch Alliance, which are big competitors of SpaceX, and Ford and Honda engines are considered big competitors for Tesla engines. Elon Musk has some characteristics that have helped him become a successful entrepreneur, namely: he works very hard and works almost 100 hours a week. He is also a big risk taker, as he sells new products and doesn't know whether the market will accept him or not, he also prefers to stand out from others, for example by creating electric cars for a large market. He also reflects on himself and listens to feedback from others which helps him develop and create something better. He also has a positive attitude and has an always learning and doing mentality.