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Showing posts with label elon musk. Show all posts
Showing posts with label elon musk. Show all posts

There Is A secret message SpaceX sent to space aboard the cosmic Tesla and Elon Musk just revealed it


Elon Musk is always one for a nice surprise. 


Just after SpaceX launched the first flight of its Falcon Heavy rocket on Tuesday, lofting a red Tesla Roadster to deep space, Musk revealed a little secret hidden within the cosmic car. 
Musk posted a photo on Instagram displaying a message for any space-faring civilization that may come across the car in the future. The words "made on Earth by humans" are printed on the Tesla's circuit board.
The Tesla also comes equipped with a dashboard message reading "don't panic," and a dummy driver named "Starman" who will fly through the solar system in the Tesla for millions, if not billions, of years to come. 




This is far from the first time humans have sent a signpost of our existence out into the universe. 
NASA's two Voyager spacecraft are each carrying a Golden Record, which includes the sounds of Earth as well as a map that explains where we are in space. 
Basically, Starman is in good company. 
The Falcon Heavy — SpaceX's most powerful rocket ever — took flight at 3:45 p.m. ET from Kennedy Space Center. 
The huge rocket is basically three Falcon 9 rockets strapped together and can bring heavy payloads to distant parts of space like the moon or Mars. 
The key to the Falcon Heavy's success will be its reusability. SpaceX hopes to bring back the rocket's three first-stage boosters to Earth after launch, meaning they can use them again for later flights. 
The two side boosters made it back to the landing zones at Kennedy, but SpaceX has yet to reveal the fate of the third booster, which was expected to land on a drone ship in the Atlantic Ocean.


Elon Musk is a great marketer. See how he sold $10 million worth of flamethrowers in just four days


Musk announced that all 20,000 of the Boring Company-branded flamethrowers have sold out. Given that they were $500 each, that means Musk moved $10 million worth in the four days since they went on sale. Musk also announced that every flamethrower will ship with a “complimentary Boring fire extinguisher.” Still, not everyone is happy about the flamethrower success. Though flamethrowers are legal in America if their flames don’t extend more than 10 feet, CNBC says a Californian politician has said he will seek a ban on the Boring Company selling the flamethrowers in his state.















How Tesla's Elon Musk Will Get To Become the World's Richest Man Even When He is Not Getting Paid By Tesla



Elon Musk is already known for his ambitious bets, but the Tesla CEO is now gambling with his own net worth: Tesla announced Tuesday that it would pay Musk nothing for the next 10 years—no salary, bonus, or stock—unless the electric car company nearly doubles in value.

Before lauding Musk for his apparent selflessness, though, it’s worth noting that the billionaire, who has served as Tesla’s chairman since 2004 and as its CEO since 2008, has been getting along just fine despite never receiving a salary as long as he has been with the company. Indeed Musk, worth an estimated $21.5 billion, will once again refuse his annual paycheck of $56,000—California minimum wage—in 2018 and the decade thereafter.

Under the new payment plan, however, Musk could actually become much, much richer—and so could Tesla stockholders.

To earn any compensation going forward, Musk must grow Tesla, whose current market capitalization is about $59 billion, to $100 billion in market cap, and also increase its revenues or adjusted earnings (before interest, taxes, depreciation and amortization, a.k.a. EBITDA) by at least 70%. That would satisfy the first milestone of the 12-level compensation ladder, allowing Musk to collect stock options worth an additional $1 billion.

But Musk also has the opportunity to collect a significantly bigger windfall. If Tesla’s market value reaches $650 billion (an 11-fold increase) by 2028—and if the other financial measures multiply between 15 and 21 times—Musk can keep all dozen tranches of stock options, netting him an additional $55.8 billion, according to the company.

Musk’s real reward would be even greater. After all, the CEO is also Tesla’s largest shareholder, and if he hits all 12 performance milestones, the company calculates Musk would own as much as 28.3% of Tesla. With that large a stake of a $650 billion company, Musk’s net worth would surge to $184 billion in Tesla stock alone—potentially making him the richest person in the world. (Although Musk’s stake is unlikely to end up that large due to dilutive events, such as stock issuance to employees, the size of his current Tesla holdings would be enough to make him the richest person alive today.)

The world’s wealthiest person is currently Amazon CEO Jeff Bezos, whose $108 billion worth of Amazon stock makes up the lion’s share of his net worth. Musk’s maximum stock option award would boost his net worth—even before factoring in his ownership in his other company SpaceX—above that of Bezos. (Of course, if Amazon stock rises at least 71% in the meantime, Bezos, who also foregoes a traditional salary, would likely maintain his title atop the world’s rich list.)

While money is a powerful incentive, it’s not clear how much the incremental awards have driven Musk’s performance at Tesla. Besides forfeiting a salary, Musk also has yet to exercise any of the stock options he has collected as part of his previous compensation agreement from 2012, despite having achieved nine out of 10 milestones required to to receive the maximum amount. Of the Tesla stock he currently owns (some 33.6 million shares), Musk acquired the vast majority of it before Tesla even went public in 2010.

The new compensation scheme also incentivizes Musk to hit different types of targets than he has in the past, which critics worry will come at the expense of other achievements. Since 2012, Musk’s stock awards have depended not only upon Tesla reaching certain market valuation thresholds (all of which it has fulfilled), but upon accomplishing 10 operational goals, including rolling out its first Model X and Model 3 cars, and also producing its 300,000th vehicle.

By contrast, the new pay plan encourages Musk to focus on increasing sales, profits and the Tesla stock price without holding him accountable to meeting production quotas. It also untethers him from certain milestones that have remained stubbornly elusive—for example, the only outstanding hurdle from the 2012 agreement which Musk has failed to meet: The requirement that Tesla maintain a gross margin of at least 30% for four consecutive quarters. The last time Tesla’s gross margin was that high was the first quarter of 2012.

Of course, Musk has proven skeptics wrong multiple times before—defying bearish investors and short-sellers to achieve a more than 1,030% in Tesla stock over the past five years, and going so far as to sleep at the factory to keep production on track. If Musk can rise to this latest challenge at Tesla, he’ll also earn his place among Warren Buffett, Bill Gates, and the other wealthiest billionaires on the planet.
















Woman Attemtped Attacking Elon Musk On Twitter, And She Never Expect A Response Like This


If you’re going to challenge the CEO of Tesla, SpaceX and Neuralink on Twitter, you had better come with all of your facts straight. A woman named Laurie Kilmartin learned that the hard way when she responded to SpaceX’s recent Falcon 9 rocket launch by suggesting Musk’s funds be concentrated toward a more ‘noble’ cause. One of the mogul’s followers decided to step in and inject a dose of logic into the conversation, and the exchange that followed left Kilmartin – and everyone watching from home – literally speechless. Scroll down to see it, and prepare to be shook.

















CEOs of These Big Companies: Uber, SpaceX/Tesla and PepsiCo Joins Trump Business Council


Elon Musk, the chairman and chief executive of SpaceX and Tesla as well as Uber Technologies CEO and co-founder Travis Kalanick and PepsiCo Chairman and CEO Indra Nooyi have joined U.S. President-elect Donald Trump's advisory council, Trump's transition team said on Wednesday.
The group, which includes numerous other top business leaders, aims to give industry input on the private sector to Trump, who takes office on Jan. 20.








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