Elon Musk has a lot going on but is it Coming at the expense of his core Business let's go back to Tesla start Tesla was founded in 2003 by coupled Musk's friends that's just one year After musk started SpaceX the Tesla's Mission to bring electric cars to the Masses was one he couldn't pass up in 2004 he led the company's fundraising Efforts as Tesla's chairman in 2006 must Confess today million dollars in his Cousin solar energy company Solar City Meanwhile Tesla unveiled the first Roadster model it was touted as the Future of green sports cars but musk had An even bigger vision for the brand just Days after the Roadster unveil he Revealed his master plan for the company He wanted to build more affordable cars And youth Tesla to market other Sustainable energy products like solar Panels from Solar City so at this point Musk is running SpaceX during the day Coming up with Tesla's business and Product strategy on the side and Managing a multi-million dollar Investment in Solar City in 2008 Elon Musk had taken over Tesla Motors as CEO And Tesla roadsters hit the production Line but the company wasn't immune to The financial crisis with literally Minutes left to spare on Christmas Eve Musk secured enough money to keep the Company afloat in 2010 Tesla went public
And Musk's ambitions continued to grow In 2012 his net worth hit 1 billion Dollars and in 2013 musk unveiled a Design for a new kind of transportation System called Hyperloop it would use Vacuum tubes to suck pods containing Passengers at speeds of around 600 miles An hour although he didn't create a Company engineers from Tesla and SpaceX Teamed up to release the designs Publicly now he's juggling SpaceX Tesla Solar City and the Hyperloop project but He still had a pretty good handle on Tesla the electric car company had its First profitable quarter in 2013 that Wouldn't happen again until 2016 Meanwhile his other projects were really Piling up toward the end of 2015 he Co-founded a research group called open AI which was meant to reach Search and promote artificial Intelligence projects to benefit all of Mankind he pledged 1 billion dollars to The project but later stepped down from The company in 2016 Musk founded both neural Inc which is Trying to find a way for computers to Interact directly with the human brain And the boring company which is building Tunnels to transport people and cargo Using another proposed new technology Electric sleds that was also the year Tesla made a bid for Solar City the deal Was done by early 2017 so by now musk
Has a say in 7 major projects the 2017 Is when his responsibilities went into Overdrive Tesla's Giga Factory in Nevada began Battery cell production Tesla also Started producing the model 3 which is Meant to prove it can become a Mass-market automaker meanwhile must Begin rebuilding Puerto Rico's power Grid digging with the boring company and Sold out of thousands of custom-made Hats and flamethrowers but when it came To Tesla's earnings they were dubbed Mostly disappointing analysts ramped up Their criticism some even questioning if The company is a clumsy scheme and after The company fired hundreds of employees It faced a complaint from the United Auto Workers musk set production hell is Coming and some of his factory workers Seem to agree Tesla has faced multiple Reports of abuse of factory conditions Not to mention the repeated missed model 3 production targets and 2018 musk used SpaceX to launch a car into space it was A promotional win but Tesla is still Struggling to keep up with its goals After temporarily halting production Tesla announced it will run the assembly Line 24/7 to meet its model 3 target It's also facing lawsuits and Allegations of misleading investors and Employee discrimination but musk is Setting his goals even higher as if made
April 2018 Tesla had a market cap of around 50 Billion dollars and over the next 10 Years musk expects it to rise to 650 Billion He also promised a car that can drive Itself across the United States by the End of the year and said the Tesla will Be profitable in q3 and q4 but don't Forget everything else he has on his Plate for now it looks like Elon Musk Isn't slowing down and that could make For a rocky relationship between Tesla Wall street and Elon Musk's grand vision For the future hey there thanks for Checking out CNBC on YouTube be sure to Subscribe to stay up to date on all of The day's biggest stories you can also Click on any of the videos around me to Watch the latest from CNBC thanks for Watching
