How much money does elon musk make every seconds

Elon Musk is the real-life Tony Stark, and he has the vision and wallet to back it up. The billionaire entrepreneur who made nusk cameo as himself in Iron Man 2 just unveiled his latest creation: the Tesla Truck. Hoow of Musk’s Tesla designers recently described the genesis of electric semi-truck idea to Rolling Stone : «We just thought, ‘What do people want? They want reliability. They want the lowest cost. And they want driver comfort,'» Jerome Guillen said. The Tesla Semi, as it’s known, will have a mile range and be able to travel in a convoy, where one or several trucks will be able to autonomously follow a lead Semi.

As a child growing up in South Africa, Musk taught himself to code. By the time he was 12, he sold the source code for his first video game for $500.

With that agreement, Musk also unveiled a new proposed compensation strategy, which Andrew Ross Sorkin in The New York Times calls possibly «the boldest pay plan in corporate history. While the plan muek allow for Musk to earn billions more, if he doesn’t reach the milestones, he would get. If Musk had things his way, he says, he’d choose not to take a salary at all. But because California law prohibits him from earning less than minimum wage, he still draws a token salary, according to the Times. Musk’s not the only top mony declining pay. That’s because a company’s stock value speaks louder than a set salary. The value they’re going to receive — the compensation they’ll earn — is coming solely from their stock,» Aaron Boyd, director of governance for Equilar, a company that researches executive compensation, explains to Forbes in Like this story? Get Make It newsletters delivered to your inbox. All Rights Reserved. Skip Navigation. Success 5 mental traps that successful people never fall for, according to psychologists Anna Borges, Contributor. Work These are the 20 best jobs in America innew ranking says Courtney Connley.

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Musk will be paid in stock options, which will vest over ten years in a series of 12 tranches. To secure each, Musk must reach a pair of milestones, one related to Tesla’s market value, the other to its revenue and profitability. That’s the good part. It is, shall we say, a strong move. It has a longstanding habit of missing self-imposed deadlines, sometimes by years. Just this month, it pushed back its production targets for the Model 3 —the car that could make its business work , or destroy it—for the second time. But for a company whose identity is indelibly tied to that of its CEO, this amounts to a huge bet on a huge future. It pushes Musk to go for radical success, perhaps at the expense of creating a stable, reasonably profitable business. As a struggling startup, it made it through the financial crisis that froze VC funding and devastated auto sales. It transformed the popular image of electric vehicles from golf carts to sports cars. It delivered the first semi-autonomous vehicle and pioneered the use of over-the-air software updates to improve cars it had already sold. Great stuff, but nothing that should convince shareholders Tesla can make tons of money in a century-old auto industry where competitors long ago mastered managing complex supply chains, operating within tight profit margins, and hitting deadlines—and are now applying that deep knowledge to creating their own high-end electrics and semi-autonomous features. Perhaps, though, the competition’s advantages don’t matter. It wants to be a vertically-integrated energy company, one that will sell you solar panels to slap on your roof, where you can make your own clean energy, use it to power a crazy fun to drive car, and store the remaining juice in a giant, Tesla-made battery.

Musk’s $2 billion day

The Tesla CEO’s on-again, off-again girlfriend, Canadian singer Grimes, posted a nude photo on Instagram hinting that she’s pregnant, even implying that she is «knocked up» in the comments of another now-deleted post. A notorious workaholicMusk is a father of. The entrepreneur has previously said that he spends most of his free time at the office or in factories, retreating to one of eoln Los Angeles mansions he owns at the end of the day with his five other children. A representative for Musk did not immediately respond to Business Insider’s request for comment on the speculation that the couple is expecting.

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After he arrived for his freshman year at Queens University inMusk quickly picked up a side hustle selling computer parts and full PCs to other students. Within two years, Musk transferred to the University of Pennsylvania on a partial scholarship.

Musk graduated with a bachelor’s degree in physics and an economics degree from the Wharton School and moved to Stanford to pursue his PhD. He left the program within days to found an internet startup with his brother. He invested more than half of his earnings to cofound X. The company quickly merged with its rival and became PayPal, with Musk as the majority shareholder.

Musk turned his attention to his new space exploration company, SpaceX, after leaving PayPal. A few years later he cofounded electric-car evrey, Tesla, and then SolarCity, mske solar power systems provider. The muuch of these companies eventually launched him into the billion-dollar club — but not before he went broke.

In lateMusk divorced his first wife and it took a toll on his finances. A year later, Musk said he «ran out of cash» and had been living off loans from friends while trying to keep his companies afloat.

But when Tesla debuted on the stock market inMusk’s fortune sky rocketed. Musk initiated his Bel-Air buying spree in latewhen elom then-bachelor purchased a 1. The 20,square-foot mansion has a two-story library, a home theater, a gym, and 1,bottle wine cellar.

As the leader of one of the preeminent auto-makers, it’s no surprise Musk has an affinity for cars. Despite having funds to spare, Musk isn’t a fan of lavish vacations — or any vacations for that matter. Inhe said he’d only taken two weeks off since founding SpaceX about 12 years earlier.

Musk has five children. In a tweet, Musk said he takes mae kids on an annual camping trip. I also take them with me when I go out of town. And seeing friends. Musk said on mxke earnings call in that he doesn’t have a desk at the Tesla factory: «I always move my desk to wherever — I don’t really have a desk actually — I move myself to wherever the biggest problem is in Tesla.

I really believe that one should lead from the front lines, and that’s why I’m. Musk admitted to spending «many late nights» at Tesla’s Nevada Gigafactory re-writing software during a production moneu for the Model 3. For a story published in AugustBusiness Insider reporters spoke with 42 Tesla employees, who said Musk is a visionary, but also unpredictably demanding. Musk said in June that he even planned to spend his 48th birthday on June 28 at work, improving the company’s «global logistics.

Not only does Musk spend a ton of time at Tesla, he also spends a lot of his money on the company. Musk also invests a lot of time, energy, and resources into SpaceX. Musk also helms The Boring Company, which he founded in to develop and construct an underground tunnel in Los Angeles in an effort to mitigate traffic. In DecemberMusk debuted the first prototype. InMusk signed The Giving Pledge, vowing to donate the majority of his wealth during his lifetime.

Musk found himself in legal trouble with the SEC in after he tweeted that he had obtained the funding to take Tesla private, which moved the company’s stock price. Musk reached a settlement with the SEC in April At the end of the day, the multibillionaire says he enjoys inexpensive hobbies like listening to music, playing video games, and reading books. But usually it’s work. Since Musk seconss so hard, it’s only natural that he’d get upset when things go awry.

When a metal ball shattered the «armored glass» of Tesla’s Cybertruck during a demonstration in November, Musk said «oh my fing god. Still, Musk has made time for an on-again, off-again relationship with Canadian singer Grimes for years, and they may be expecting a baby.

Step inside Elon Musks’s astronaut ready spacecraft, the Crew Dragon module.

He transferred musl the University of Pennsylvania two years later, where he received a Bachelor’s degree in economics from the Wharton School and a Bachelor’s degree in physics from the College of Arts and Sciences. He began a Ph. Musk then founded X. In MayMusk founded SpaceX, an aerospace manufacturer and space transport services company, of which he is CEO and lead designer.

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He joined Tesla, Inc. Inhe inspired the creation of SolarCitya solar energy services company now a subsidiary of Tesla. InMusk co-founded How much money does elon musk make every seconds, a nonprofit research company that aims to promote friendly artificial intelligence. In Julyhe co-founded Neuralink, a neurotechnology company focused on developing brain—computer interfaces. In DecemberMusk founded The Boring Companyan infrastructure and tunnel-construction company focused on tunnels specialized for electric vehicles. Apart from Tesla, Deos is not an investor in the stock market. He has a younger brother, Kimbal bornand a younger sister, Tosca born monwy