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Elon Musk Founder of Tesla and SpaceX (Part 2)

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Elon Musk, 25th Most Powerful People (Part 2).

        Hi readers, this is the second part of the biopic of Elon Musk. So if you haven't read the 1st part, then what are waiting for here is the link: Elon Musk Founder of Tesla and SpaceX (Part 1).


Space X:-

        Now Elon thought, "there should be life on Mars." So, Elon decided to go to Russia for rockets. Elon explained his plan and asked to make rockets for him. Russia gave a proposal of $8 million/rocket. Elon thought $8 million is a much high price. Elon tried to negotiate but, this resulted in rejection. Now Elon returned to America and decided to make his own rocket. Elon started reading books on 'Rocket Science,' and within a few months, he founded a company named Space X. 


        After getting inspiration from Henry Ford's idea of creating 'Car Assembly Line.' Elon thought to create 'Rocket Assembly Line.' The main purpose of Space X was to make 'Reusable Rockets' to decrease the cost of rockets. No one believed in Elon's thought to create a private Space Agency. 


        Saturday, 24 March 2006 first rocket was going to launch. After finishing counting when the rocket was just going to launch, it caught fire. This cause loss of rupees $7 million. In the second & third attempts, both the times' rocket got off-route. Now Elon was nearly bankrupt. All investors were disappointed. Elon was asked for his plans. He replied the next launch will be within 4 months. Elon sold his house and started living in a rental house.


        On the 28th of September 2008, the fourth launch was made and hopefully it succeed. NASA signed a $1.5 Billion deal with Space X. Nowadays Space X plants equipment, cargo, and satellites of NASA to its specific place.

  

Tesla:-



        In 2004 Elon invested heavily in Tesla Motors founded by Martin Eberhard and Marc Tarpenning in 2003. Due to such heavy investment, Elon was elected as Board Of Director and in near future, he was made CEO of Tesla Motors. 


        In 2008, Tesla launched their first car 'Roadster unveiled' but the cost of the car was twice the expectation. These resulted in the failure.


        In 2008, when Elon was suffering from bankruptcy. He was having a choice to invest all $40 million in Tesla and let Space X sink or invest all $40 million in Space X and let Tesla get drowned or invest $20 million in Tesla and $20 million in Space X and create hope.


        Elon decided to invest $20 million in Tesla and $20 million in Space X. By luck, Space X's fourth launch was successful and Elon got some funding.


        In 2012, Tesla launched there the second car Model S Sedan. But it was also a bit high prize.


        But the third model was actually reasonable. In 2017, the Model 3 Sedan was launched and its cost was around $40,000. It became popular among the whole world. The sales of Model 3 were maximum than any other models.


        After such great struggle Elon founded many such companies which could contribute human life. On July 4, 2006 Solarcity, 1 June 2014 Hyperloop, 11 December, 2015 Open AI, July 2016 Neuralink and on 17 December 2016 The Boring Company.

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