Elon Musk-never give up

1. Elon Musk: The Art of Failing
Successfully and bouncing back
Prepared and Presented by: CA Karan
Narula

2. 1971
Born In
South Africa
2013
Develops
Hyperloop
concept
2008
Become
Tesla motors
CEO
2004
Invest In
Tesla Motors
2002
Found
SpaceX
2002
Sells Paypal
to Ebay
Share:$165mi
llion
1999
Sale first
company Zip2
to Compaq
Share:7%($22m
illion)
1983
Age:12
Create & Sale
Video Game
For 500$
Brief Highlights
Of
Elon’s Life

3. BIOGRAPHY
 Full Name: Elon Reeve Musk
 Born: 28th July, 1971
 Origin : South African
 Residence : Los Angeles, (U.S)
 Occupation :Entrepreneur, Engineer, Investor
 12th Richest Man In Tech

4. Early Life
 Tough Family Life and average student at school
 At the age of nine he got his first computer and completed “How to Program” guide
in just three days
 At 10, Read books, Equivalent to the number of books a post Graduate use to read in
his life, which results in creation of a Deep Vision
 At 12, Create game named as blaster and sold for $500
 In college, He thought about what he wanted to do and came up with answer like
 The Internet
 Sustainable Energy
 Space Exploration
 Artificial Intelligence

5. Career
 CEO and CTO of SpaceX
 CEO and product architect of Tesla Motors
 Chairman of Solar City
 He is the founder of SpaceX
 Cofounder of Zip2, PayPal, and Tesla Motors

6. Zip2
 A web Software Company
 Incorporation:1995
 First Started the company with Funds provided by his father and his own.
 Founder and CEO : Elon Musk
 1997: External funding for growth
 Due to Growth: Continuous Increase in number of B.O.D
 B.O.D Resolve to terminate Elon Musk from the position of CEO due to Lower
Experience.

7. X.Com+Confinity PayPal
 X.Com : Online Financial Services
 Incorporated in:1999
 Founder and CEO: Elon Musk
 Merge with Rival Company Confinity, Merger Results In PayPal.
 Elon’s Clashes With CTO of Confinity(Now PayPal)
 During Elon’s long Honeymoon Trip CTO took whole of the Board In his trust and
also Resolve to terminate Elon from the position of CEO
 Elon Walked away from PayPal with $165 Million

8. Space: Elon’s Dream
 Dream: To colonizing Mars with atleast a million people over the Century
 To cut down the cost of space travel in order to make human a multi-planetary
species
 Elon Gone to Russia and ask to arrange Rockets through which he Could manage to
Reach Mars
 Russians submitted a proposal demanding $8 million per Rocket. Which, in Elon’s
view was a huge amount for this project

9. Space: Elon’s Dream
 After all negotiations, Russians rejected the proposal.
 Then Elon came back and thought to incorporate own company to Produce rockets
for space travel
 As he had no formal education background in regards to Rocket science. He
started reading books and internet to collect information.
 After getting all the knowledge, Elon Incorporate SpaceX

10.  SpaceX- Incorporation:2002
 Founder: Elon Musk
 About Vision: Nobody cam forward to help Elon as nobody believed in SpaceX’s
Vision because the vision was not only to send the rocket in space but to send it at
the cheapest cost and Re-Use that Rocket after it came back.
 Elon’s 1st Rocket Launch: A big Fail. Engine Blast results in total loss
 2nd Rocket Launch : Reach Space but went off Route
 3rd rocket Launch: Again Off route
SpaceX

11.  Funds Received from PayPal and Some small funding agencies got finished
 Nearly Bankrupt
 Made a Crazy Announcement to make the 4th rocket launch within few month’s
even after finishing all of his funds.
 Sold all owned properties and assets and shifted to a rented house.
SpaceX

12. 4th Attempt :
The Golden Attempt
 Got Successful on point destination landing of designed rocket
 Got a $1.5 Billion project from NASA and NASA also contracted to fund SpaceX
to work for it.
 SpaceX now sends NASA’s Equipment, Cargo, and Satellites to Orbit with its Re-
Usable Rockets

13. Tesla Motors
 Huge Investment In Tesla Motors
 Elon’s Vision: To Manufacture an Electric Car having Costing amounting to $0.50
Lakh 1st Attempt: Costing $1.09 Lakh
 2nd Attempt: $0.9 Lakh
 3rd Attempt : $0.75Lakh
 4th Attempt: $0.50 Lakh
 Successful low cost manufacturing

14. Met Honorable PM Narender Modi
to Introduce Electric car concepts in india

15. ELON MUSK:
The Art of Failing Successfully
If failed, Change the Strategy not the goal.
Failure is a good option but you got to Bounce Back
Don’t confuse schooling with education. I didn’t go to Harward but many people
work for me did.
When Something is important enough. Do it Even if the odds are not in your favour
No, I don’t ever give up. I could have to be dead or completely incapacitated.

16. Prepared and presented by: Karan Narula
Thank you