Elon Musk: The Man Behind Tesla's Success

This essay explores the complex reasons behind the success of Tesla by focusing on the history and personality of its CEO, Elon Musk. It discusses his background, childhood experiences, and the way he has contributed to the overall vision, approach, and success of Tesla. The essay concludes with reflective statements on the various things we can learn from Elon Musk, such as his leadership style and the way he has led a company to dominate new market segments.

Assessment 2 Final
Essay

Table of Contents
INTRODUCTION................................................................................................................................3
MAIN BODY.......................................................................................................................................3
CONCLUSION....................................................................................................................................6
REFERENCES.....................................................................................................................................7

INTRODUCTION
Elon musk is the co-founder of Tesla, SpaceX and the boring company. He is the CEO of Tesla,
the product design, engineering and global manufacturing is all done by him. As the company is
incepted in 2003. the main aim of the company is to accelerate the growth in terms of sustainable
energy. The first car of tesla is launched in 2008. named by roadster sports, having the model S
sedan. The next model namely Model X SUV was launched in 2015. the models of the company are
accepted and appreciated all sober the world and the company as awarded as the car of the year by
Motor trend. Tesla has become the world's first vertically integrated company having the sustainable
energy with the hold of solar city and also the distributor of solar power systems in the united states
of America (Antal, 2021).
MAIN BODY
Elon musk is a name which is known worldwide due to his inventions and new operations in
the auto mobile industry. He is one of the greatest and most amazing inventor in the modern world
he is responsible for the structural and technological advancements from future perspective. Many
of his inventions are noticeable and appreciably in terms of promoting new way of technology and
uniqueness. Elon musk was born is south Africa. He is a successful entrepreneur and businessman
who is the founder of x.com in 1999, which has later on converted to PayPal. Musk became
millionaire in his late 20s when his start-up company was sold. Musk became a popular name when
the SpaceX has launched a rocket, that would deliver the first commercial vehicle to the station of
international space. He boosted his portfolio when the Solar city was being purchased by him in the
year 2016. in January 2021 Elon musk has defeated Jeff Bezos in the run of being the wealthiest
man in the world. The famous name Elon musk was born on 28 June, 1971 being a child he was so
lost in dreaming about the inventions and creativity, that the doctors and his parents were agreed to
check his hearing capability (Diamond, 2019).
Along with time, Musk has developed his interest in computers when his parents got divorced.
He taught a lot to himself about the programming and at the age of 12, his first software was sold by
him and the game was also created by him namely Blaster. Musk's mother, may be musk, was a
Canadian model and also the oldest women who got stared in a cover girl campaign she was really
supportive towards her family, at the growing age of musk, she was doing 5 jobs together at one
point, to support her family. The early childhood of musk was spent with his brother Kimball and
his sister named Tosca in the south Africa. Talking about his educational qualifications, at the age of

17 he moved to Canada so as to attend the queen's university. Musk has also gained his Canadian
citizenship during that year thinking from the future point of view in obtaining the American
citizenship as well. In the year 1992 Elon has left Canada to gain his business knowledge and to
excel more in the field of business at the Pennsylvania university. He had completed his under
graduate degree in economics and continued his second degree of bachelor's in physics. After musk
has left Pennsylvania, he went to stand ford university located in California to pursue his degree of
PhD in the physics. His move was perfectly timed with the boom of internet and then he dropped
out the university after the two days of joining the institute. He had launched his first company
namely, Zip2 in 1995 and then in 2002 he got the citizenship of U.S. As the contribution of Elon
musk is great in the technologies and updated versions of technologies, his company named Zip2
corporation, SpaceX and pay pal has opted a good position in the market. Musk has launched the
Zip2 corporation in the year 1995, with his brother Kimball musk. The corporation has soon
provided the new content for websites including both the New York times and the Chicago tribune
as well. The success of the company has brought it the cash of $ 1.5 Billion and also the stock of
$34 million in the options of stock. The second company named pay pal was launched in 1999, both
the brothers used the money from the sale of Zip2 corporation to found the x.com or pay pal
(Ganguly, Sengupta and Pramanik, 2022).
This is an online application or an online financial service which basically promotes the
payments through the phones and e platform. In the year 2002 Elon musk has entered the stage of
great profitability and earned $ 1.5 billion. The SpaceX company was the third company founded
by Elon musk, in 2002, which was related space exploration and technologies related to the space.
By the year 2008, SpaceX has become a well-established company and which was also awarded by
NASA and it got the contract to handle the cargo transport of the international space station. Elon
musk tends to be an ambitious, curious, innovative and creative person who is also very skilled and
efficient in his work. Elon is quite rational and a man of his principal and values. Elon has a great
personality and good character traits as he is very judicial and believes in equality. He is a man of
his words who believes in hard work, having a great sense of right and wrong. Musk is quite
confident and focused towards his work which believes in consistent diversities and staying
dynamic in terms of every aspect of business. With the great achievement, efforts are the basic
requirement to the best of one’s potential. Musk's reasons of success are quite effective and efficient
in terms of his success, as he believes in working with the best level of one's capabilities one can
achieve great success and can attain growth. Working in an effective manner should be the basic
and most important criteria to promote the functional ability.
The next major step is being innovative and creative in one's field of work is quite helpful in
promoting the diversification and uniqueness which can create the product more and more effective

from the customer's point of view in order to attain the tag of being different and noticeable in the
eyes of public, as being unique is the first path which lays down an impact upon the general public
and can attract them more. Which can boost up the performance of the company. One of the greatest
quality and the top reason to get success in the business industry is taking risks, Elon believes that
the best age to become an entrepreneur is when an individual is younger, as when the age increases
the burden of responsibilities also increases. Which in turns k lead to more shortage of time,
obligations are also generated at that particular point of time which hold back the person to perform
the best of his ability and take specific risks which can be best in terms of achieving success
(Goldschmidt, 2022).
The technology billionaire, Elon Musk’s net worth is around 21,510 crores USD as of 2022. In
order to attract financial backing, Musk convince investors with their commitment. The mid-
nineties era reminds of unprecedented economic growth along with feeling of prosperity for future
of country which is something that stands up in sharp against with present. For initial years of
operations of Tesla or other businesses, Elon could not rely on available venture capitalists funding.
For convincing the investors, Musk relied on creative trick that is building an elaborate casement
around computer which worked as Zip2’s server as well as put it on wheeled base that makes it look
similar to a mini supercomputer. The trick helped Elon to become profitable soon. The another way
for attracting financial backing is not giving up control too soon. It is a hard fact related to the tech
world that few organisations get to grow to billions of dollars in valuation without funding from
venture capitalist. It is seen that in many cases, founders of businesses lose excessive control early
that makes them powerless against more experienced and professional venture capitalists. It is what
Elon learned in early stages of career. Prior emphasising of raising as much money an individual
can, they need to remember to leave some of equity for their own (Hsiao, 2021).
From the life of Elon Musk, it is learnt that entrepreneur is an individual who involves in
turning greater ideas into business opportunity, while, innovator is a person who involves in
introducing or commercialising something new that can be new business model, service, idea or
product. Elon is an entrepreneur with unique vision. Musk builds establishments with goal of
solving biggest problems of world. Video games as well as books that are loved by Elon as a child
has stimulated them for innovations. The working of Elon Musk is inspiration for me as his ideas
are unattainable and the personality has potential for getting people excited about his plans,
ambitions together with projects. The belief of Elon that one should have their way to look at all the
things. This inspires me the most as to attain things which are never been conquered earlier, an
individual is required to perform practices that are never been done before. The success of Elon
Musk can be emulated through the solutions that the personality has come up without adding any
politics or ego in the equation. The special skills of Elon Musk are interpersonal skill, critical

thinking, goal setting and transformational leadership style that I need to learn. Furthermore, I need
to learn for Elon is to value as well as incorporate the same abilities and set of skills which are
placed by him at helm of technological addition to innovation progress into own lives addition to
lines of work. I learn to question statuses as well as processes of own daily routines and set goals
which are bigger than I had yesterday from the beliefs of Elon Musk (Rao, 2022)
I believe the success of the Tesla is completely dedicated to the risk taking skill of Elon
Musk, we should know about this that if we want to make a different identity from the rest of the
people in the world we must take some innovative steps which make our dream come true. I think
various plans which are taken by Elon Musk such making of wide range models in the future and
pocket friendly car which can easy to buy for families, will sure contribute in great future and
prosperity for Tesla. I think if anyone want to achieve something big in their life then planning and
execution of strategy in a proper manner is very important. We as a future of our generation must
take lessons from the success story of Elon Musk and follow his path for bright future which will
help to grow at individual level and also help in contribution economy of the country. I will
appreciate the success story and struggle of Elon Musk by which he became a billionaire
entrepreneur and still working in developing vehicles with new technologies which helps the
country in future to develop and grow in all around (Rimmer, 2018).
CONCLUSION
The above concluded essay went into detail regarding the complex reasons behind brand
success of Tesla by focusing on the detailed history and personality of its CEO, Elon Musk and
there was a detailed analysis on the way he has contributed to the overall vision, approach and
success of tesla. The essay went into detail regarding the history of Elon Musk as a person by
defining his childhood experiences and his background which helped him become what he is today
and there was also discussion held on Tesla’s reasons for attaining market success along with the
way Musk has achieved personal and professional success on his end. The report was concluded
with the reflective statements on the various thigs which people can learn from Elon Musk such as
his leadership style and the way he has lead a company to dominate new market segments and it
was learned that in order to become an effective leader, possessing spark, intellect and charisma like
Elon Musk helps a lot.

REFERENCES
Books and Journals
Antal, J.F., 2021. Leadership Rising: Raise Your Awareness, Raise Your Leadership, Raise Your
Life. Casemate.
Diamond, M., 2019. An Analysis of Tesla’s Business Ventures in the Energy Field. Available at
SSRN 3387138.
Ganguly, A., Sengupta, S. and Pramanik, S., 2022. Waste heat recovery using Tesla turbines in
Rankine cycle power plants: Thermofluid dynamic characterization, performance assessment and
exergy analysis. Applied Thermal Engineering, 207, p.118141.
Goldschmidt, P., 2022. In the Martian mirror: An SF novelist's dystopian visions--and nostalgic
evocations. TLS. Times Literary Supplement, (6201), pp.21-22.
Hsiao, J.I., 2021. Back to the Future: The Reviving of the Mental Steps Doctrine and the Immature
Demise of Artificial. TECHNOLOGY, 31(3).
Rao, M.S., 2022. Innovative Leadership: Tools and Techniques to Acquire Innovative and Inspiring
Ideas. In Innovative Leadership in Times of Compelling Changes (pp. 69-78). Springer, Cham.
Rimmer, M., 2018. Elon Musk’s open innovation: Tesla, intellectual property, and climate change.
In Intellectual Property and Clean Energy (pp. 515-551). Springer, Singapore.
Tesla, V., výroby Fremont, M. and Sedan, K.K., 2019. Tesla Model 3.