Elon Musk is a world renowned technology entrepreneur who has taken a giant leap into the world of science by founding electric car giant Tesla Motors, Inc. Born in South Africa to two Canadian parents, Elon was raised in an environment of achievement and motivation, instilling in him a determined attitude to strive for greatness and make it happen regardless of the odds. His very first venture was PayPal, which revolutionised the online payments sector and set him up to become one of the most successful entrepreneurs of the 21st century. But why did Elon decide to jump into the car industry, an industry that was so heavily dominated by players like BMW and Toyota?
Opportunity in the Electric Car Market
Around the time when Tesla Motors began, the electric car market was still in its nascent stage and received little to no attention from car manufacturers. Despite the obvious electric-car advantages, such as cost efficiency, power and environmental friendliness, no serious effort had been made to crack the mass electric car market. This was the opportunity that Elon Musk was quick to identify, and instead of sticking to the status quo, he and his team of engineers set out to build an electric car that would be considered as the perfect car to transition consumers away from the traditional gas-based vehicles. This was the birth of Tesla Motors, which soon established itself as the most successful electric car maker and the leader of the electric car market.
Musk’s Focus on Innovation
The reason why Tesla is today the leader of the electric car market is largely due to Elon Musk and his focus on innovation. In order to set his company apart from other car manufacturers, Musk put in all his efforts to ensure that Tesla cars were much more advanced and feature-rich than the existing modes. Tesla cars typically include features such as advanced autopilot and autonomous driving (powered by a combination of high-tech hardware and software), high-tech driver assistance features, spacious functional interiors, and a high level of customisability. Musk even went ahead and built an extensive, fast-charging network all across the world, called the Supercharger Network, to allow owners to charge up their cars in no time. All of these factors have, together, positioned Tesla as the premium option in the electric-car space.
Hot Pursuit of Sustainable Mobility
Elon Musk is one of the strongest visionaries of our time and his quest to revolutionise the way the world moves is what motivated him to establish Tesla Motors. Musk strongly believes in the need for sustainable mobility and has put in immense efforts to bring to life the idea of an electric-only future. He has used Tesla as a platform to revolutionise the world of mobility, eliminate gas-based cars and replace them with zero-emission electric vehicles. Furthermore, his commitment to foster a completely emission-free world has pushed the boundaries of electric car engineering and automating processes, resulting in highly reliable, high-performance electric cars.
Domination of the Automobile Industry
Elon Musk’s success with Tesla is unprecedented and has opened up a whole new world of possibilities within the automobile industry. Tesla’s dominance in the electric car market is so strong that they have forced well-established players within the car market to reignite their electric car efforts, leading to a much faster rate of innovation and potential to sway away gas-based car users to electric cars. As such, Tesla Motors have kickstarted a whole new revolution of sustainable mobility, and Elon Musk’s efforts have set a strong precedent for any entrepreneur looking to make a big impact in the world.
Investment in Clean Energy
Beyond Tesla Motors, Elon Musk has also made significant contributions to the clean energy sector, founding a company called SolarCity, which manufactures and sells solar panels. With this move, Elon Musk has taken a strong step towards expanding the clean energy industry and creating more opportunities for mass-scale clean energy consumption. It is evident that Musk is passionate about making the world more sustainable and clean, making his ideals and commitments even more inspirational.
Financial Influences
Tesla Motors has been immensely successful with the stocks rising to a record high, enabling it to firmly establish itself as a formidable force in the electric car space. Coupled with a growing customer base, Tesla Motors has become a reliable brand of choice for electrical vehicles, bringing Musk’s vision to life. The phenomenal success that Elon Musk has achieved with Tesla Motors has injected tremendous confidence in investors and contributed directly to Musk’s growing wealth.
Conclusion of Why Elon Musk Started Tesla
In conclusion, Elon Musk started Tesla Motors to bring about a radical shift in the automobile industry by introducing electric cars to the masses. His aim is to facilitate a global shift to sustainable mobility and reduce the carbon-emitting gas-based cars to eventually achieve a zero-emission future. By investing significantly in research and innovation and introducing world-leading technologies, such as the Autopilot and Supercharger Network, Tesla Motors has become the leader of the electric car market and is set to become a primary player in the automobile industry of the future.
