ELON MUSK- CASE STUDY
If
I ask you who is the biggest billionaire in the world, who will you say? Yes,
your answer is Elon Musk. Elon Musk is a person who lost millions and billions
and fell to the lowest possible place in his life. In short, Elon Musk is a
master of failure. But Elon Musk had a vision that would change the future of
the world. He proceeded step by step towards it. There were so many obstacles
that Elon Musk faced problems that a human being could not bear. This is the
story about him who changes the future of the world...
You
may already know about Elon Musk's wealth and his companies and the great
revolution he made in the world. Elon Musk was born on June 28,
1971 in the city of Pretoria, which is the 3rd capital of South Africa, and the first child in the family,
his full name was Elon Reeve Musk. His father is Errol Musk, a mechanical
engineer from South Africa. Maye Haldeman, a model born in Canada and raised in
South Africa, was his mother. Even when Elon Musk was born, they were
considered to be a very rich family. When he was one year old, a younger
brother named Kimible and in 1974 a younger sister
named Tosca joined their family. Elon Musk lived with his parents and brother
and sister in a large house in Crete. You may already think that Elon Musk is a
born rich child. Yes, he is a born rich child. He had no shortage of money or
comforts.
But
when Elon Musk was 9 years old, his parents divorced.
In the beginning, all the three children grew up with their mother. Elon Musk
has been fond of computers since childhood. Therefore, his mother gifted him a
Commodore VIC 20 10 BIT COMPUTER on his 10th birthday. Elon Musk is a child who likes to learn and
try new things since childhood. He loves computers so much that he learns about
programming by looking at some instruction books. Elon Musk prefers simple
computer language. He mastered it little by little and in 1983,
when he was 12 years old, he managed to create a simple
computer game called EIN Blastar. PCN OFFICE TECHNOLOGY COMPANY pays $500 to buy that computer game.
Elon
Musk is a child who has shown a desire to be alone since childhood. It can be
assumed that this situation increased because his parents divorced when he was
young. Elon Musk is a small child. Elon Musk studied at Waterkloof Primary
School in Pretoria and was often bullied by other children. It can be said that
this situation increased when the school heard about his parents' divorce. One
day, a group of children who were hiding until Elon Musk finished climbing the
school stairs pushed him when he didn't expect it. Elon Musk has lost his
balance and has fallen down the stairs and has lost consciousness due to
hitting his head hard. He was rushed to the hospital but he has to spend many
days in the hospital to recover. After that incident, after he came back to
school, he was less bothered by the other children.
Elon
Musk was educated in Waterkloof until grade 7, then
attended Bryanston High School and then Pretoria Boys' College and completed
his secondary education. Ever since he was a child, Elon Musk had a great
desire to immigrate to America. Being a South African, it was not easy. Later,
he applied for a Canadian passport through his mother. During this time in
South Africa, everyone over the age of 17 who did not
have a high school education had to complete a period of compulsory military
service. Elon Musk did not like this, so he entered the University of Pretoria.
Elon Musk, who studied there for 5 months before
getting the Canadian passport, gets the Canadian passport. As soon as he
received the passport, he left the university before the end of the semester,
said goodbye to his mother and went to Canada two weeks before Elon Musk's 18th birthday. Elon Musk is celebrating his 18th
birthday as a Canadian while staying at his cousin's house in Saskatchewan,
Canada. Since that area is an agricultural area, he earned enough money to live
by doing various small jobs like in a farm, a wood mill.
After
that, Elon Musk entered Queen's University in Ontario, Canada in 1990 and transferred to the University of Pennsylvania in
America in 1992. Elon Musk is enrolled in two degrees
at the same time, an economics degree and a physics degree. Elon Musk has shown
great interest and talent in learning since childhood. While studying here,
Elon Musk has two internships in Silicon Valley, California. He later says on
several occasions that those two internships were the turning points in his
life. Elon Musk gets his first internship in a company called Pinnacle
Research. It is a company that researched energy storage using ultra
capacitors. After some time, Elon Musk got an internship in a small company
called Rocket Science Game in Palo Alto, California. Their business was
building computer games related to rocket technology. He has told the media
several times that Elon Musk's interest in rocket technology and its routes has
grown considerably during this time.
While
studying at the University of Pennsylvania, Elon Musk has also had the
opportunity to do a PHD at Stanford University. He will change his decision
within two days after registering for it. Elon Musk tried to get a job at
Netscape, the popular web browser at that time, but he did not get a chance.
Elon Musk founded Zip2 in 1995 along
with his brother Kimball and friend Breg. Their main product is creating a city
guide that can be used online. Elon Musk has said several times that Zip2 was the place where he learned a lot about running a
business.
While
he was working on both his economics and physics degrees, Elon Musk continued
to run the business, coding at Zip2 every night. In the
course of those activities, both degrees were obtained in the year 1997. Two years later, in 1999, Zip2 was bought by the world-famous CompaQ computer company for
$307 million. Elon Musk will get 22 million
dollars for his 7% share. After two months of that, he
created a technology so that money can be transferred over the internet and
started the second company called X.com, turning the financial industry upside
down. It became its business to carry out financial activities including paying
money online. More than 200,000 people
set up accounts with it as it became one of the first online financial services
companies to be protected by the US federal government.
Apart
from X.com, the only acceptable service in the market was Paypal service of
Confinity company. In 2000, these two companies
realized that there was no sense in competition and later merged and made
paypal a separate company. Although Elon Musk became its CEO, other officials
did not like his management system. Therefore, Elon Musk is removed from that
position and Peter Thiel, one of the founders of PAYPAL, is appointed. But did
Elon Musk give up on his dream because he was rejected? No, he turns a blessing
into a blessing when he is rejected. Paypal became popular very quickly. It has
become the main method of making payments through the Internet. At this time,
Ebay, an online trading company, tried to own it. In 2002,
PAYPAL was sold to Ebay for a whopping $1.5 billion.
Elon Musk is leaving with 180 million as his share.
Elon Musk does not want to live a comfortable life. If he wanted, he could have
taken the 180 million dollars and lived a comfortable
retirement, but he wanted to change the future of the world.
Yes
he has and is doing it. People who can think in such an unusual way are the
ones who change and advance the future of the world. Elon Musk, who left
PayPal, thinks when will we go to the trenches? He goes to NASA's website to
see if they have such a goal. No such purpose has been mentioned on the
website. SpaceX is started by investing a part of the 180 million
dollars that Elon Musk got from selling PayPal. Due to the strong desire to
reduce fuel consumption, the company Solar Energy was created. Solar energy
company is created to create sustainable energy. Because they want to consign
that sustainable energy, Tesla company is created after investing 6.3 million dollars. Today, he is the richest and most
influential person in the world.
So,
as I mentioned earlier, Elon Musk is a person who has failed several times. But
not only did he win life, he is changing the future of the world today. As I
see it, 3 main factors have influenced Elon Musk's
success.
No.
01- Right vision: Elon Musk had right vision from his
youth. We talked about what he did for that in this article. That correct
vision was the main foundation for his success today. Because we cannot be
successful just by thinking that we want to be successful. Because we need to
have a good and strong vision. Otherwise it will be difficult for us to reach
our goal. Not only that, the time we spend on it is wasted. So think for
yourself how important the right vision is to open the doors of success.
Number
2- Making rejection a blessing: Elon Musk has been
rejected countless times. But did he ever think about it and get sad? Or have
those things been abandoned? Or did you bear those rejections like trees and
rocks? Yes, Elon Musk took it all. That rejection gave me a life experience. He
was never afraid of rejection. He tried until he succeeded in things that were
rejected. Some attempts are high-risk situations, but Elon Musk turned
rejection into a blessing. You and I have faced various rejections in different
chapters of life. You are lucky if you have never been rejected. As I have
mentioned in other articles, rejection is the most powerful motivation we get.
No.
03- Self-Confidence: Elon Musk had great confidence in
himself and in the business he was doing. He always believed in what he was
doing. That belief brought him to this place today. We have to make strong,
tough decisions and quick decisions at various risky moments in this journey of
success. So it is very important for us to have good self-confidence in order
to make such tough and immediate decisions. Because with one wrong decision,
our future, our dreams can all be destroyed. So think for yourself how much
self-confidence affects our success.
Move
towards your success. Various challenges, obstacles, failures, setbacks may
come. But they are only temporary obstacles. Face them to be strong. Never stop
your journey. Go at a constant speed along the length.
Good Luck..!
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