Elon Musk (6do encyclopedia)



Elon Musk is a South African-born entrepreneur, investor, engineer, and inventor who is best known for his work in the fields of technology and space exploration. Musk is the CEO and co-founder of several companies, including SpaceX, Tesla, Neuralink, and The Boring Company. He is widely regarded as one of the most innovative and forward-thinking entrepreneurs of his generation, having revolutionized multiple industries and pushed the boundaries of what is possible.

Early Life

Elon Musk was born on June 28, 1971, in Pretoria, South Africa. His father, Errol Musk, was a South African electromechanical engineer, and his mother, Maye Musk, was a Canadian model and dietitian. Elon spent his childhood in Pretoria, where he attended Waterkloof House Preparatory School and later went on to attend Pretoria Boys High School.

From an early age, Musk was fascinated with technology and science fiction, devouring books on these topics and dreaming of one day changing the world. His early interests in technology led him to begin teaching himself how to program computers, creating his first software program at the age of twelve.

After graduating high school, Musk enrolled at the University of Pretoria to study physics and economics, but he soon transferred to the University of Pennsylvania in the United States to pursue his studies.

Career

After completing his studies at the University of Pennsylvania, Musk began his career in the technology industry, working for a number of different companies before starting his own. He founded his first company, Zip2, in 1995, which provided online business directories and maps to newspapers. The company became very successful, and in 1999, Compaq bought Zip2 for $307 million, giving Musk his first big payday.

With the money he earned from Zip2, Musk went on to co-found X.com, an online payment company that would later become PayPal. PayPal was hugely successful and was eventually sold to eBay in 2002 for $1.5 billion, netting Musk another significant sum of money.

After leaving PayPal, Musk became interested in space exploration and founded SpaceX in 2002 with the goal of making space travel more affordable and accessible. Musk invested his own money into the company and worked tirelessly to develop new technologies that would enable SpaceX to send people and cargo to space at a fraction of the cost of traditional space programs.

In addition to SpaceX, Musk also founded Tesla Motors in 2003 with the goal of creating affordable electric cars. While the early years of Tesla were challenging, with the company nearly going bankrupt at one point, Musk’s persistence and vision eventually paid off, and the company has since become a leader in the electric car market.

Other companies founded by Musk include Neuralink, a company that is developing “neural lace” technology—an implantable device that would allow humans to communicate with computers directly—and The Boring Company, which aims to revolutionize transportation by building underground tunnels for high-speed transportation.

Achievements and Awards

Throughout his career, Elon Musk has received numerous awards and accolades for his contributions to technology, space exploration, and entrepreneurship. In 2013, Musk was named one of Time magazine’s “100 Most Influential People in the World,” and in 2016, he was ranked by Forbes magazine as the 25th most powerful person in the world. He has also been the recipient of several prestigious awards, including the Royal Aeronautical Society’s gold medal and the Heinlein Prize for Advances in Space Commercialization.

Musk’s most significant achievement to date has been the development of SpaceX. The company has made several landmark accomplishments in the field of space travel, including launching the world’s first privately funded liquid-propellant rocket to reach orbit and making the first privately funded mission to dock with the International Space Station.

In addition to his accomplishments in technology and space exploration, Musk is also a prominent advocate for sustainable energy and has been a vocal critic of fossil fuels. He has made significant investments in renewable energy, including solar power, and has advocated for the development of new technologies that will enable us to move away from the use of fossil fuels.

Conclusion

Elon Musk is an entrepreneur, inventor, and innovator who has made significant contributions to multiple industries and pushed the boundaries of what is possible. His work in the fields of technology, space exploration, and sustainable energy has earned him widespread recognition and numerous awards, and his companies have revolutionized multiple industries.

While Musk’s work is not without controversy, his vision and dedication have inspired countless people and have helped to inspire a new era of innovation and technological progress. He continues to push the boundaries of what is possible and to advocate for the development of new technologies that will enable us to build a more sustainable and prosperous future.


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US ap­peals court or­ders Musk to abide by SEC set­tle­ment on tweets

Al Jazeera

23-05-15 15:47


Elon Musk has lost an appeal against a settlement he reached with securities regulators after his 2018 tweets, in which he claimed he had secured funding to take Tesla private, led to a temporary halt in trading. The settlement required Musk to obtain prior approval from a Tesla lawyer for some of his tweets. The US Second Circuit Court of Appeals in Manhattan determined Musk could not back out of the settlement, and that he and Tesla should pay civil fines over the tweets. Musk’s lawyers had claimed the settlement included a “government-imposed muzzle” that violated the First Amendment.

https://www.aljazeera.com/economy/2023/5/15/us-appeals-court-orders-musk-to-abide-by-sec-settlement-on-tweets
Elon Musk loses bid to modify, throw out agreement with SEC over tweets

Reuters

23-05-15 13:52


Elon Musk has lost his bid to modify or end the 2018 agreement he made with the US Securities and Exchange Commission (SEC) that required him to get clearance from a Tesla attorney before releasing certain tweets. The 2nd US Circuit Court of Appeals in Manhattan dismissed Musk’s assertion that the SEC had used the agreement to conduct “bad-faith, harassing investigations of his protected speech” and that its enforcement measures had made it much harder for him to comply. Legal experts said the outcome means Musk is now likely to face greater scrutiny from both his company and regulators.

Shares in Tesla dropped nearly 6% after the ruling on Monday, wiping $13.5bn off the company’s value. This was because the SEC had made the demand in the first place after Musk had tweeted he had funding secured to take Tesla private at $420 a share. Three weeks later, under regulatory scrutiny, Musk backed down. He called it an attempt at humour. Former SEC chairman Harvey Pitt said Musk may now have to seriously consider how to beat the regulators. “He is going to have to decide whether he wants to continue to be chairman and CEO of Tesla or whether he wants to walk away,” said Pitt. “Because in the end, if he continues his present approach, he will lose.”

Neil Wilson at trading platform Markets.com said the ruling set “a bad precedent for public company executives who will now be more cautious about making bold statements on social media”. “They will look at this and say Musk has been rightly punished for overstepping the mark,” he said. “It puts executives in a bit of a straitjacket. The whole point of social media is it’s supposed to be informal and chatty. This ruling puts a real dampener on the ability of executives to have a bit of a personality, show some spark and talk to customers as people rather than just dollar signs.”


https://www.reuters.com/legal/elon-musk-loses-bid-modify-throw-out-agreement-with-sec-over-tweets-2023-05-15/

Elon Musk's about-face on government censorship

Washington Post

23-05-15 13:41


Twitter has acted to restrict access to some content in Turkey in response to legal process and to ensure the social media site remains available to Turkish users ahead of a tightly contested election, the site revealed in a statement on Friday. The move contradicts earlier pledges from Twitter CEO Elon Musk, who vowed for months that the platform would not “censor” on behalf of the US government as it had done in the past. Critics have pointed out that Turkey is effectively now censoring Twitter, and that Twitter’s decision could provide a blueprint for repressive governments everywhere. Prior to Musk’s takeover of a much more combative Twitter administration, the social media site would reject certain requests, making clear that the controversial or muzzling decisions were those requested by governments, rather than Twitter.

https://www.washingtonpost.com/politics/2023/05/15/elon-musk-about-face-government-censorship/
Macron courts Tesla’s Musk and other investors to ‘Choose France’

The Globe and Mail

23-05-15 11:04


French President Emmanuel Macron has hosted the annual Choose France summit in the Palace of Versailles, where he invited business leaders including Tesla CEO Elon Musk. During the summit, the executives who attended pledged to invest a combined €13bn, marking the most significant amount since Macron first created the event in 2018. Although France had previously hoped Musk would build a European gigafactory within its borders, he chose to open one in Germany instead. However, French Finance Minister Bruno Le Maire is reportedly pitching tax credits for green technology investments to Musk at a summit lunch.

https://www.theglobeandmail.com/business/international-business/article-macron-courts-teslas-musk-and-other-investors-to-choose-france/
Marine who put homeless man in deadly chokehold is 'Good Samaritan', says Ron DeSantis

Telegraph

23-05-15 10:45


A Marine Corps veteran charged with manslaughter for putting a homeless man in a chokehold has found the support of US Republican leaders. Floridian governor Ron DeSantis and Georgia representative Marjorie Taylor Greene both praised Daniel Perry, whom they described as a Good Samaritan. Perry allegedly killed Jordan Neely, who, according to reports, was acting erratically on a New York City subway. Perry was released on a $100,000 cash bond and has received at least $1m from well-wishers.

https://www.telegraph.co.uk/world-news/2023/05/15/marine-homeless-man-chokehold-subway-samaritan-ron-desantis/
US Virgin Islands says it can't find Elon Musk to serve a subpoena in Jeffrey Epstein lawsuit

The Independent

23-05-16 00:24


The government of the US Virgin Islands is seeking to serve a subpoena on Tesla in lieu of its absent billionaire owner Elon Musk. The action relates to a lawsuit brought by the Virgin Islands against JPMorgan. The authorities want Tesla to provide documents connecting Musk and JPMorgan with Jeffrey Epstein, who was awaiting sex trafficking charges and who took his own life in 2019. The authorities believe that Epstein may have referred Musk to JPMorgan. At stake are documents stretching from the start of 2002 onwards, relating to Epstein’s involvement in human trafficking, and payment transfers connected to Musk’s relationship with JPMorgan. The government of the Virgin Islands sued JPMorgan last year. The bank has denied responsibility for Epstein’s offences in the past.

https://www.independent.co.uk/news/world/americas/jeffrey-epstein-ap-elon-musk-jpmorgan-chase-lawyers-b2339474.html
Elon Musk ordered to hand over documents in Epstein case

Telegraph

23-05-15 23:29


Elon Musk has been subpoenaed by the US Virgin Islands as part of its legal case against JP Morgan. The territory suspects Epstein attempted to refer Musk to JP Morgan, and has requested all communications between Musk and the bank and any with Epstein, documents concerning their accounts at the bank and documentation relating to Elon’s payments to Epstein. The Virgin Islands are accusing JP Morgan of facilitating Epstein’s sex trafficking by providing him banking facilities, a claim JP Morgan has dismissed. The Twitter founder has become the latest billionaire to be served a subpoena by the islands.

https://www.telegraph.co.uk/world-news/2023/05/15/elon-musk-jeffrey-epstein-jp-morgan-us-virgin-islands/
US Virgin Islands says it can’t find Elon Musk to serve a subpoena in Jeffrey Epstein lawsuit

Associated Press

23-05-15 23:02


The US Virgin Islands government is seeking to serve a subpoena on Tesla because it has not been able to access billionaire Elon Musk, or his lawyers, in a lawsuit relating to damages incurred by sex trafficking committed by Jeffrey Epstein through JPMorgan Chase. Lawyers asked a Manhattan judge to allow them to serve the subpoena on Tesla because they have tried to deliver it to Musk since 28 April without success.

https://apnews.com/article/jpmorgan-musk-epstein-lawsuit-bd53a39e1329e4616c84762a61552032
Musk documents subpoenaed in Epstein lawsuit

BBC

23-05-16 04:50


Elon Musk has been subpoenaed by the US Virgin Islands in relation to a lawsuit accusing JP Morgan Chase of enabling Jeffrey Epstein to sex traffic women. The Tesla boss is being called upon to hand over any documents that reveal communication between him, JP Morgan Chase and Epstein. The Virgin Islands is suing JP Morgan Chase for allegedly enabling Epstein's alleged crimes of trafficking women who were sexually abused by Epstein and others on his private island, Little St. James. Epstein died in jail in New York in 2019 while facing trial on sex trafficking charges.

https://www.bbc.com/news/business-65606194
Should UK boards take Apollo seriously?

Financial Times

23-05-16 04:35


Apollo Global has developed a reputation in the UK for abandoning deals at the eleventh hour. That has only been underscored after the US investment giant saw two possible take-privates collapse in the past four days. On Monday, Apollo said it wouldn’t follow through with its offer for UK oil engineering company Wood Group, causing the company’s share price to fall by more than a third. Taking publicly traded UK companies private has proven a lucrative source of deal flow for some of Wall Street’s biggest names in recent years. But Apollo hasn’t capitalised on the trend. Instead, the Wood Group and THG represent Apollo’s latest failed efforts to buy UK companies. The $598bn investment firm has also failed to follow through on deals for publisher Pearson, gambling company William Hill and packaging business RPC Group.

https://www.ft.com/content/1f598dc2-7156-4196-90e3-d05e6ad1d634
US Virgin Islands issues subpoena to Musk in Epstein lawsuit

Deutsche Welle

23-05-16 03:15


The US Virgin Islands has subpoenaed Tesla CEO Elon Musk for documents in an investigation into JPMorgan Chase’s role in the activities of late sex offender Jeffrey Epstein. The island is investigating Epstein’s issue in Musk’s accounts, transactions, and financial management, or any fee he may have paid Epstein. The subpoena sought documents from January 1, 2022, to the present reflecting the communication between Musk and JPMorgan or Musk and Epstein. Tesla has been served with the subpoena in Musk's absence. Musk stated that "That cretin never advised me on anything whatsoever."

https://www.dw.com/en/us-virgin-islands-issues-subpoena-to-musk-in-epstein-lawsuit/a-65632188
Elon Musk docs sought in Jeffrey Epstein case

The Sydney Morning Herald

23-05-16 03:08


The US Virgin Islands has subpoenaed Elon Musk for documents relating to his connection to the late sex offender Jeffrey Epstein in a lawsuit against JPMorgan Chase & Co, which is accused of enabling Epstein's sexual abuse. The documents demanded include any communications between Musk and JPMorgan about Epstein, communications between Musk and Epstein, and information about fees paid by Musk to Epstein or JPMorgan. According to a court filing, Epstein may have referred Musk to the US Virgin Islands. The subpoena is not seeking to implicate Musk in any wrongdoing, and the US territory is not seeking to question Musk under oath.

https://www.smh.com.au/world/north-america/elon-musk-docs-sought-in-jeffrey-epstein-case-20230516-p5d8ox.html
Martha Stewart, 81, is Sports Illustrated cover star

BBC

23-05-16 09:46


Martha Stewart has become the oldest ever cover model for Sports Illustrated's annual swimsuit edition at the age of 81. She was one of four cover models chosen for the issue, alongside Megan Fox, musician Kim Petras and model Brooks Nader. Ms Stewart said she wanted to inspire other women and said she was thrilled to appear on the cover. She started a catering business in the 1970s and rose to fame in the 1990s when she started her own magazine, Martha Stewart Living. Her media empire later led her to become a billionaire.

https://www.bbc.com/news/world-us-canada-65608913
Live Markets Public sector pay grows at fastest rate in 20 years - latest updates

Telegraph

23-05-16 07:14


Public sector pay grew by 5.6% in Q1 2023, according to the Office for National Statistics, reaching its highest level since 2003, as more public sector workers demanded pay rises consistent with the 10.1% rate of inflation. The Bank of England fears that wages rising is fuelling inflation. Private sector pay grew by 7% over the same period, with average pay including bonuses falling 3% after taking inflation into account in the year to January-March, or 2% excluding bonuses. According to the Office for National Statistics, 556,000 working days were lost due to strikes in March, up from 332,000 in February. Policymakers are encouraging the public to accept that they are "worse off" due to inflation that has significantly outpaced wage growth.

https://www.telegraph.co.uk/business/2023/05/16/ftse-100-markets-live-news-ons-inflation/
Women aren’t ‘forgetting’ to have children – it’s just become financially crippling to do so

Telegraph

23-05-16 07:00


The falling birth rate in the UK is concerning politicians and far-right groups, which could have serious long-term economic implications. Miriam Cates MP said at a conference last week that the falling birth rate posed a bigger threat to the West than Russia, China or climate change. However, the decline in fertility rates is due to a plethora of factors including the high costs of childcare, an inability to afford a home, and a shortage of men who want to parent. Countries like Norway and Sweden, which offer better childcare and have fewer gender disparities, have not experienced the same decline in birth rates.

https://www.telegraph.co.uk/columnists/2023/05/16/the-real-reason-we-arent-having-babies-anymore/
France in push to promote homegrown green industry

Financial Times

23-05-16 14:18


France has introduced green measures and tax credits aimed at attracting investment and boosting French industry. The stimulus includes incentives for electric cars tied to environmental restrictions that favour European manufacturers, with cars produced outside of Europe that were assembled in factories powered by coal among those excluded from benefits. The measures, which aim to unlock an additional €23bn ($27bn) of green investment by 2030 and create up to 40,000 jobs, could soon come under fire from foreign carmakers or affected countries.

https://www.ft.com/content/5cc8197f-cccd-4e61-ac2d-349c95bcc877
Twitter criticised for blocking tweets in Turkey

BBC

23-05-16 13:29


The co-founder of Wikipedia, Jimmy Wales, has criticised Twitter's decision to block content in Turkey before its recent presidential election. Four accounts and 409 tweets were blocked after demands were made by the Turkish government. Wales said that Twitter should have refused to give in to censorship demands and should have stood its ground. Elon Musk, the owner of Twitter, has described himself as a "free speech absolutist".

https://www.bbc.com/news/technology-65609123
The CEO behind ChatGPT is testifying. Here’s what to expect.

Washington Post

23-05-16 12:32


The CEO of OpenAI, Sam Altman, has warned the US Senate of how AI chatbots such as his own company's risked undermining data privacy, intellectual property, competition, and US democracy. Altman made his debut appearance in the Senate this week, with senators exploring how AI chatbots could both inadvertently produce misinformation as well as how they can be used for disinformation, such as via deepfakes. Altman's chatbot has recently exploded in popularity. Senators largely played down talk of a grilling, seeking input to rein in AI chatbots like ChatGPT for legislation rather than any contentious vote ahead of the hearing. AI bias issues, as well as copyright and antitrust considerations, were also raised, with some Republican senators fearing potential intrusive surveillance capabilities.

https://www.washingtonpost.com/politics/2023/05/16/ceo-behind-chatgpt-is-testifying-heres-what-expect/
The C.E.O. of OpenAI Heads to Congress to Discuss Rules for A.I.

NY Times

23-05-16 12:14


The CEO of OpenAI will testify before a Senate judiciary subcommittee on the regulation of artificial intelligence (AI). Sam Altman will be asked about how his company and rivals are racing to create a new generation of AI technologies and how these should be regulated. This comes as US lawmakers are looking for ways to rein in the rapidly-growing sector, while allowing innovation to flourish. Lawmakers on both sides of the aisle have stressed the importance of curbing the technology, which can now generate realistic-looking text and images, along with computer code. Altman has been frank about the potential dangers of AI, having stated in March: "It’d be crazy not to be a little bit afraid, and I empathize with people who are a lot afraid." The hearing is being seen as an indicator of the future regulatory environment of the AI sector.

https://www.nytimes.com/2023/05/16/business/dealbook/altman-openai-senate.html?searchResultPosition=1