The key role is to shed light on what made Musk the person of the year, according to TIME
Elon Musk: The person of the year 2021. Source: youtube.com
It’s time that gives the rubric to the person it sees to be having the most influence during the gone years. The person who affected the news and our lives, for good or anguish, is described as the one title going to. And it’s time for Elon Musk, the world’s richest man and perhaps the example of the richest large shift in our society,? the CEO of the aerospace company and Tesla electronic car company. He has created solutions to existential challenges, embodied the perils of the tech titans age, and has also brought the most daring and riotous transformations.
Historical background
Reeve Musk was born on 1971 June 28, and he is a business mogul and an entrepreneur. His mother was a Canadian, while his father was a South African. Musk fled from South Africa because he was not willing to support apartheid. He also wanted greater economic chances in the U.S. He received a bachelor’s degree in economics and physics from Pennsylvania University. Describing him as an intelligent, clown, visionary, and industrialist showman, his endeavors were cited by time, from his innovation of Space X, Co-founder in the creation of alternative company Solar city, to the Tesla cars, which is the most precious company globally. Musk is seeing his mission as solving the world’s most unmanageable challenges.
PayРal and Space X
Musk realized that the internet held much potential to bring alteration to the society than physics work, and this made him quite a physics course he had enrolled in Stanford University in the year 1995. in the same year, he founded Zip2, which is a company that provided online newspapers with maps and business directories. He later sold it to Compaq for $307 million. X.com was the next financial service he founded, now PayPal, and involves online money transfers. In 2002, Musk established Space Exploration Technologies after the discontentment with the great expenditure of rockets launchers. He felt that humanity has changed to a multi-planet species. Falcon 1, which started in 2006, and Falcon 9, which started in 2010, were configured to have a cheaper cost than competing rockets. Falcon Heavy, which was launched in 2018, can carry up to 117000 pounds to space, almost double as much as its largest competitor. By developing a fully reusable rocket, Musk sought to reduce spaceflight expenses with his Space X, crowned as a commercial leader in flying and structuring rockets and crews. NASA chose to build the starship to take astronauts back to the lunar surfaces for the first time after 50 years with the help of Space X.
Tesla Company
Tesla has increasingly become a trillion-dollar company, and they made 2021 the year of electric vehicles. Tesla controls two-third of the multi-billion dollar electric vehicle market it pioneered. This has been Musk’s most amphibious impact so far compared to a combination of Ford Motor and General Motors. Tesla Company produces hundreds of thousands of cars every year, which has helped it manage to avert issues concerning the supply chain better than many of its rivals. It was founded in 2004 as Tesla motors by entrepreneurs Martin Eberhard and Marc Tarpenning and it was later renamed, Tesla. It introduced the Roadster in 2006 as the first car which could travel 245miles on a single charge. This was better than previous electrical vehicles, which Musk considered unfashionable and boring. The company’s initial public offering raised significantly in 2010 to $226 million. This company didn’t stop there in car production; in 2017, it received a lot of praises globally for the release of the Model X luxury SUV in 2015, Model 3 in 2017, which was less expensive and modified compared to the past productions. Earlier in 2018, Musk uttered reservations about the trading of Tesla, and he re-tweeted about taking the company private, which led to a lot of mockery and controversies. These are the most efficient EVs as they can convert electricity into power more efficiently, and with the increased technology, the vehicle’s efficiency will also improve significantly. In addition, the Tesla pack is designed in such a way it outlasts the vehicle itself.
Hyper-loops development
Musk in 2013 laid a proposal for an alternate faster option of hyperloop after he was dissatisfied with the cost projected for high-speed rail in California, which lied at $68 billion. He invented a pneumatic tube in which a pod with 28 passengers travels 350 miles between Los Angeles and San Francisco in 35 minutes at nearly a speed of sound. The hyperloop only costs $6 billion, which is much cheaper, faster, and accommodates many people than the previous one. Despite all this intervention in the hyperloop, Musk stated that he would rather run and devote Space X and Tesla.
Elon Musks influence on cryptocurrency
Tweet by Musk acted as an accelerator for how much expected correlation in the crypto market; this was after a belief from technical analysts that Bitcoin was overbought and needed a trigger to pick itself up. Elon, who has amassed over 55 million followers, is shaking the crypto world with humorous tweets. Does it mean that his tweets are obligated to the movement of the crypto market?? Seemingly, in 2019 he committed himself to a crypto journey, which led to a better run in cryptocurrencies. He announced that Tesla would be receiving payments through Bitcoin; this brought great cheer to the crypto community as many investors got into the market. Later in April the same year, he announced that Tesla would no longer accept bitcon payments, and this broke a lot of investors’ sentiments; and as a result, cryptocurrencies were sent to a downward spiral, with a fall nearly to $30000. Musk’s tweets have a greater impact on crypto volatility because he has been followed by many people who look up to him to make certain decisions, and many started to question themselves about that decision. Time magazine noted that Musk holds great sway from his loyal followers {investors}and he can regulate their decisions through what he tweets.
The future, closing thoughts
It is apparent that Musk signifies the person of the year 2021; with his interventions, he has affected our lives the most for the better, and he has had a lot of influence this year. I can confidently say that he has shaped the previous twelve months for the better. This guy sees his mission as one to solve the global challenging things, including combustion engines, automobiles, spaceflight, cryptocurrency, artificial intelligence, and payment systems, to mention a few. His vision is his persona, which seems to get a great mockery from the world as he tries to give his id via social media. He has had a lot of interventions, but Tesla has the biggest terrestrial impact in 2021. With Space X, NASA has been advantaged as the company can now build a ship aiming to land on the moon. Time magazine is quoted as to why Musk qualifies as the person of the year 2021, and it states that he dominates in robots, cryptocurrency, artificial intelligence, etc. Greedy for glory?, yes that’s all that Musk wants; through his great deeds, he wants external glory. This makes him an asset of the human race because a great deed to him is something great to humanity.
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