Tuesday 23 June 2020

Elon Musk case study

Well said by Brain Tracy 'make your life a masterpiece, imagine no limitation on what you can be, have or do.'
When we discuss about rocket and science, only one name comes to our mind i.e Elon Musk. Who is he? He is a far sighted, futuristic, with a barrier free mind. He is a south african born belongs from canadian - american business magnet family. It's a fact about him that, in about 100 years, 2 - 4 people are born like him. He is that kind of person, who wants to control the future, whose only aim to do impossible works.
If we throw back lights on his childhood, he was a book warm, and at 12 he created a game which was sold at $ 500 to an online company. The tendency of focusing on every thing is the main strategy of him.
He says ' looking for solution is the biggest problem.' His thought process is 'failure is option'. Generally we think, failure is no option but his thinking is completely contrary to ours!
He born with a golden heart who wants to live for earth. He created Solar City, Tesla motors, Space X, the main motive behind this to make a pollution free planet. 
Today he is 21st most powerful man in the world. He is a self thought programmer and a rocket scientist. Elon Musk opted rocket science as a stream but didn't got formal education. By reading the books only, he understood the whole concept of rocket science. He made the best best use of books and internet. He was a book worm and developed a deep vision, obsession and persistence to change the world. He always select the best and powerful team before  accomplishing the projects. He hires the best employ at primafacie.
He spent his whole childhood by reading only books in contrary with other children. He reads 10 - 15 hours daily. He worked seven days during his whole life.
Once he said ' I don't expect to do what is possible, I want to do what is needed to be done.' 
Zip2, X.com, Paypal, Space X, Tesla motors, Solar City, Hyperloop, Open AI, Neuralink, The Boring Company, these all are the companies which are owned by Elon Musk.
He always wants to send the people on the Mars planet. In 1995 Elon Musk and his brother Kimble launched a software company called Zip2, but unfortunately boards of directors removed him from CEO of the company as he don't have much experience. In the year 2000 - 2002 there was huge market crash, the board of director thought to sell the company in which he earned 7% equity about $ 22 million. He could have been lived a wealthy life for his whole life but thought to reinvest. As I said earlier 'there are only few people who born in a century like him.' He reinvested the amount and launched a company X.com. It was only meant for transaction purpose and online banking. After few years, a company named Confinity clashed with X.com and merges to together to become Paypal. Unfortunately there was a severe arguement between CTO and CEO of a company, this leads to kicked him off out of the company. He earned $ 165 million from Paypal. He didn't gave up, he thought to send the people on Mars. Elon went to Russia for rockets but one rocket costs him an arm and leg. That was a huge amount for one rocket i.e $ 8 million.
He thought to invent a company himself which was named Space X. He started reading thousands of book and by going through the lines he understood all the concepts of rocket science. Generally people after taking formal education in rocket science unable to understand the concept but he did this in contrary. Space X company manufacture reusable rockets, and for this project no one has supported him. His plan was to invent the rockets at low price and brings back the rocket at initial point which was like an impossible task. The time when he launched his first rocket, unfortunately there was a blast in the engine, he faced huge loss, but the ray of hope was still there.
Secondly when he launched again the rocket went in space but got off routed due to some error. Third time the rocket was again off routed. He lost all his savings and everything which he earned from those companies.
One day he made an announcement that he was going to launch a rocket once again. What a crazy guy he is! He took loans from  several banks, it goes without saying that he has a huge risk appetite. He risked everything even a single penny, and after many failure, he had not only successed but signed $ 1.5 million deal with NASA.
As we know ISRO and NASA works on government funding but Space X works on itself, without funding of government. This paranoid vision to achieve the products and crafts, made him a great person. Today his company provides equipments, cargoes, satellites to NASA. 
He invested in Tesla motors and this company achieved a great success. First electric cars by Tesla motors costs $ 109,000 but the expected amount was $ 50,000, but in the final attempt, he finally launched an electric cars at reasonable price. He is also settling his company in India to produce the electric cars, our Prime Minister, Shre Narendra Damodar Das Modi met him and fixed the deal.

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