Thursday, 28 November 2013

1.Elon Musk

Elon Musk

elon musk mag
Tesla, SpaceX, SolarCity

--Cultural impact
--No. 1 revenue gainer
--No. 2 stock price gainer
It is no Secret that Elon Musk is a triple threat: The co-founder of PayPal has gone on to disrupt aeronautics with Space Exploration Technologies, known as SpaceX; shake up the auto business with Tesla Motors (TSLA); and retool the energy sector with SolarCity (SCTY). (He is CEO of the first two companies and chairman and largest shareholder of the third.) But 2013 was an especially notable year for Musk, as investors and consumers wholeheartedly embraced his ideas and vision. After a rocky start a decade ago, Tesla has emerged to become the world's most prominent maker of all-electric cars. Revenue at Tesla is up more than 12-fold for the first three quarters of the year, and the company is on track to top $2 billion in sales in 2013. The stock is up more than fourfold year to date, and that's after giving back some gains when recent vehicle sales missed some analysts' estimates. (A series of troubling car battery fires has not helped.) And just as SpaceX has helped reignite interest in space exploration, Musk's plans for a "hyperloop" between San Francisco and Los Angeles got Americans buzzing about ultra-high-speed transit when Musk released his design plans in August. Musk's creations have already made him tremendously wealthy -- Bloomberg Wealth says he is worth $7.7 billion -- but it is his audacity and tenacity that make him Fortune's Businessperson of the Year.
--Adam Lashinsky

No comments:

Post a Comment