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Elon Musk – The Success Story

"The first step is to establish that something is possible, then probability will occur."

– said Elon Musk, once a bullied boy from Pretoria, South Africa. It wasn't always smooth sailing for him; however, he managed to become the world's richest person. Fast forward from a troubled childhood to 1995 when Elon and his younger brother Kimbal started a web software company Zip2 for $28,000. Four years later, in 1999, this investment brought them a whopping $340 million, $336 million in cash, and $34 million in stocks. Musk used Zip2 buyout money, $22 million for his 7% stake from the sale, to create X.com, which merged with another company to become later known as PayPal.

After starting up X.com and merging it with PayPal.com, they sold it off for mind blowing $1.5 billion growing Elon's net worth to $123 million. At this point, most people would've retired; however, the key aspect to his success kicked in – willingness to take risks. Instead of riding into the sunset, he invested most of his fortune into two separate companies.

* Risk Warning: Trading in forex and CFDs could lead to a loss of your invested capital.

One of them was Tesla Motors; a fledgling automaker focused on electric transportation. People considered electric cars to be slow and ugly at that time, but Tesla wanted to change it. When they were bankrupt, Elon Musk invested $80 million in Tesla Motors and became its CEO. "You can now buy a Tesla with Bitcoin" – Tweeted Musk last month, just days after the company bought $1.5 billion worth of this cryptocurrency Elon's success only seems to grow as he endlessly pushes the borders of traditional business means. While the world faces a new crisis, Musk has observed how bitcoin's value made a massive jump over the last 12 months. While Tesla Inc., shares have risen from around $100 to over $600, Bitcoin went over $55,000. We are only to witness how genius this latest move of his will turn out to be.

The other company he invested in was SpaceX, a company hell-bent on commercial space exploration. Same in the case of SpaceX, in the beginning, it was a failure, they failed to launch their first rocket into space several times, and every failure cost them millions of dollars. If there was another failure, Elon Musk might have lost all the money he decided to invest. But on their fourth attempt, the project succeeded. At that time, they got a deal from NASA, and from that point, there is no turning back. They are the first private company to send a spacecraft to the International Space Station.


"The first step is to establish that something is possible, then probability will occur."

– said Elon Musk, once a bullied boy from Pretoria, South Africa. It wasn't always smooth sailing for him; however, he managed to become the world's richest person. Fast forward from a troubled childhood to 1995 when Elon and his younger brother Kimbal started a web software company Zip2 for $28,000. Four years later, in 1999, this investment brought them a whopping $340 million, $336 million in cash, and $34 million in stocks. Musk used Zip2 buyout money, $22 million for his 7% stake from the sale, to create X.com, which merged with another company to become later known as PayPal.

After starting up X.com and merging it with PayPal.com, they sold it off for mind blowing $1.5 billion growing Elon's net worth to $123 million. At this point, most people would've retired; however, the key aspect to his success kicked in – willingness to take risks. Instead of riding into the sunset, he invested most of his fortune into two separate companies.

* Risk Warning: Trading in forex and CFDs could lead to a loss of your invested capital.

One of them was Tesla Motors; a fledgling automaker focused on electric transportation. People considered electric cars to be slow and ugly at that time, but Tesla wanted to change it. When they were bankrupt, Elon Musk invested $80 million in Tesla Motors and became its CEO. "You can now buy a Tesla with Bitcoin" – Tweeted Musk last month, just days after the company bought $1.5 billion worth of this cryptocurrency Elon's success only seems to grow as he endlessly pushes the borders of traditional business means. While the world faces a new crisis, Musk has observed how bitcoin's value made a massive jump over the last 12 months. While Tesla Inc., shares have risen from around $100 to over $600, Bitcoin went over $55,000. We are only to witness how genius this latest move of his will turn out to be.

The other company he invested in was SpaceX, a company hell-bent on commercial space exploration. Same in the case of SpaceX, in the beginning, it was a failure, they failed to launch their first rocket into space several times, and every failure cost them millions of dollars. If there was another failure, Elon Musk might have lost all the money he decided to invest. But on their fourth attempt, the project succeeded. At that time, they got a deal from NASA, and from that point, there is no turning back. They are the first private company to send a spacecraft to the International Space Station.



He invested his money into making both companies a success. His passion for entrepreneurship, design, engineering, and the future brought him to the pedestal of being the wealthiest person in the world. Tesla is now one of the most valuable companies globally, valued at half a trillion dollars, and SpaceX has made notable progress with a recent valuation at $46 billion. Where most people would call it quits, Elon leaned in. Musk built his whole career on taking risks, and it turned out that's how legends are built.

Dualix, a licensed investment firm and portfolio manager, offers a concierge trading service that helps traders invest their capital wisely and offers ongoing portfolio management to adjust to constantly changing market conditions.

* Risk Warning: Trading in forex and CFDs could lead to a loss of your invested capital.


He invested his money into making both companies a success. His passion for entrepreneurship, design, engineering, and the future brought him to the pedestal of being the wealthiest person in the world. Tesla is now one of the most valuable companies globally, valued at half a trillion dollars, and SpaceX has made notable progress with a recent valuation at $46 billion. Where most people would call it quits, Elon leaned in. Musk built his whole career on taking risks, and it turned out that's how legends are built.

Dualix, a licensed investment firm and portfolio manager, offers a concierge trading service that helps traders invest their capital wisely and offers ongoing portfolio management to adjust to constantly changing market conditions.

* Risk Warning: Trading in forex and CFDs could lead to a loss of your invested capital.

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