Question

How does Elon Musk make money?​

Answer 1

Answer:

• In May 2002, Musk founded SpaceX, an aerospace manufacturer and space transport services company, of which he is CEO and lead designer. He joined Tesla Motors, Inc. (now Tesla, Inc.), an electric vehicle manufacturer, in 2004, the year after it was founded, becoming its product architect that year and its CEO in 2008.

• Despite never having made a profit, the billionaire Elon Musk's electric car manufacturer has been tipped by some pundits to achieve a valuation of more than $1tn (£800bn) as demand for electric vehicles soars.

Answer 2

Answer:

He co-founded Zip2, a web software company, which was acquired by Compaq for $307 million in 1999. Musk then founded X.com, an online bank. It merged with confinity in 2000, which had launched paypal the previous year and was subsequently bought by eBay for $1.5 billion in October 2002.

Explanation:

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