Elon Musk

Tesla was founded by two Americans Martin Eberhard and Marc Tarpenning; Eberhard as an engineer and Tarpenning as an entrepreneur. In 1996 they founded NuvoMedia a lithium ion battery company which inspired the idea of a lithium ion battery powered car; by 2000 they sold the company for $187,000 and they used this money to buy AC propulsion a company that built electric sports cars called tzero. Together Eberhard and AC propulsion made a lithium-ion version of the tzero. Though Eberhard and…

are entering the space race. The leader in the private sector is Space Exploration Technologies Corporation (SpaceX). This corporation started doing business in 2002 and have come a long way in the industry with the help and direction from CEO. Elon Musk (Space Exploration Technologies Corporation, 2015). What makes this company unique is that they buy all of their materials and make all the parts for their rockets and landing pads in the United States. With currently $5 Billion in…

Tesla Motor is an American car company that was establish in July 1, 2003, in which they design electrical cars and all components related to it. The name is inspire by Nikola Tesla, an inventor in 1888. Elon Reeve Musk is the CEO of Tesla Motor, but he is also known as the CEO of SpaceX and the inventor or PayPal. Tesla produces its vehicle in a factory in Fremont, California but has other factories in specialized production. As of November 17, 2015, at 2:54 P.M. EST, NASDAQ has listed the…

(the everyday people), and a motive to make positive change in other peoples’ lives. Elon Musk is one of today’s most revolutionary and impactful business leaders. As the creator of Tesla, his electric cars contribute to the effort to be more eco-friendly. Musk is also CEO of SpaceX and he wants to setup a human colony on Mars as a safe haven for future generations if Earth ever becomes inhabitable. However, Musk did not accomplish these things overnight,…

before it can reach any form of success. They embrace this fact and attack it with hesitation. Successful technologist and engineer, Elon Musk, was asked if he ever thought about quitting after his third consecutive failure with the Falcon 1 rocket. His response was “Never. I don’t ever give up. I would have to be dead or completely incapacitated” (SpaceX). After Musk was quoted, he put everything on the line with a fourth rocket launch which resulted in success. Musk’s statement through his…

themselves, Elon Musk does not want to work with any vendors that cannot keep up with Tesla. Elon has determined that Tesla can and will make the necessary components in house if…

wanted to prove to people that electric vehicles could be better, quicker, and more fun to drive than gasoline cars (Tesla, n.d). During the early years of its incorporation, Tesla was primarily backed by one of the co-founders of PayPal, Elon Musk. In 2006, Musk released a statement titled “The Secret Tesla Motors Master Plan (just between you and me)" where he outlined the future for the company as follows: “build sports car,…

Financial Statement Research Tesla Inc. has improved their financial status from 2015 to 2016.Their most significant improvements have been increasing their total equity from 1.1 billion to 4.7 billion, an increase by 320%! This is caused by a spike in both total assets (up 180%) and total liabilities (up 141%). The question is, where did these assets come from? Well, Tesla merged with SolarCity on Nov. 17th, 2016 [19], which is right around when Tesla’s total assets increased significantly [20]…

4. RECOMMENDATIONS “We have this handy fusion reactor in the sky called the sun, you don’t have to do anything, it just works. It shows up every day.” – Elon Musk, CEO Tesla Motors Unfortunately for SolarCity, the punctuality of the sun is not going to be enough to assure the success of the company. The evolving industry of solar energy requires a fast responsive approach. For this reason at the end of the analysis it is possible propose some possible suggestions for the future developments of…

Challenges SpaceX has had difficulties getting to where they are today. Like any business they have a goal, and obstacles to get to their goal. Elon Musk’s SpaceX project demonstrates a solid business model. The SpaceX project has not been able to just take steps, they have had to run, jump, leap, and swim to get to where they are today. Among with their greatest challenges so far have been equipment failure, enemies, and profitability. The equipment failure that the SpaceX projects have…