![]() ![]() Therefore, Musk and his co-founder Levchin scrapped everything else that the company was involved in and focused on the electronic wallet and this made the company proceed well until the 2002 breakthrough. Strauss (13) states that 1999 saw PayPal voted as the worst business concept of the year a devastating development in a new company with huge potential. Getting to the position he is now, has not been easy for Musk, at PayPal, the public did not receive the company and its business ideas well. ![]() Although PayPal still exists today and in good form, it is part of the larger success story of Elon Musk. Thereafter, Musk founded X.com which transformed to PayPal and specialized in electronic money transfer. However, Archwell (7) comments that the success story of Elon Musk at this point shows that knockbacks did not make him back down they only developed his resilience and that is what makes his present position. The worst part is that the company had leadership wrangles, for instance, Musk was thrown out of the office of the Chief Executive Officer in 1996 over a disagreement on the company principles and rules. The early years at Zip 2 as per Archwell (6) were hard for Musk and the company at large because it was not doing for the lack of funding from investors to cut down the costs, the staff even had to live on the business premises. Zip 2 did exemplarily well and in 1999, it was bought by Compaq the then computer manufacturer, at $307 million which means, Musk had to move on to the next chapter of his career. The new company provided business directories for the American media companies, especially online newspapers and also maps. The first successful instance was in 1995 when he founded the Zip 2 company. ![]() Most importantly is that Musk’s story is founded on a strong academic background, a Bachelor’s Degree in Physics and Economics before he realized that the internet was more important to him than school. Transferring from Queens University in Ontario to the University of Pennsylvania in the United States was his best shot to get to who he wanted to become. ![]() It was also easier for him to obtain American citizenship while in Canada, which he obtained in 2002. Musk is an original citizen of South Africa and that is where his story begins he left South Africa for Queens University in Canada in 1989 and avoided a mandatory service for the South African Army. According to Mair (17), Musk was largely dissatisfied with the cost of rocket launches and that is the same reason he came up with Space X (Space Exploration Technologies in the year 2002. Musk is an expansionist in the sense that for humanity and life to get easier, there must be more than one option for everything in the world and that includes the planet itself. The far Elon Musk has come, there must have been a motivation that moved him from one investment and workplace to another. This study exclusively explores Elon Musk, the Chief Executive Officer of Tesla, his background, academic, and professional work experience with an expression of how he overcame challenges. The success story of Musk also explores a huge number of challenges and a strong will pitted to overcome them with time to become the second richest man on the planet. Through the success story of Elon Musk, this study also deduces significant behavioral patterns of an entrepreneur that made him the man he is today. His story rather presents a personality that has high potential in the identification and evaluation of investment opportunities which makes him a visionary and innovative business person. The success story of Elon Musk does not depict more of an employee in him, but a creator, manager, and developer of economy-based giant investments. To Musk, entrepreneurship is more of a personality guided by high intellectual character and proper management skills. There is no better word to describe Elon Musk, than an ‘entrepreneur’. ![]()
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