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Summary: Elon Musk E-Book

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The must-read summary of Ashlee Vance's book: "Elon Musk: Tesla, SpaceX and the Quest for a Fantastic Future".

This complete summary of the ideas from Ashlee Vance's book "Elon Musk" tells the story of Elon Musk's incredible yet rocky rise to fortune. While in 2015 he was worth $10 billion, he has not always been so successful and had to face near bankruptcy, failed projects and even a bout of malaria. This summary explains his journey from a college student with big dreams to a billionaire businessman and how he got to the top. An inspiring read for those just starting out in business and for those already at the top of the ladder.

Added-value of this summary:
• Save time
• Understand key concepts
• Expand your knowledge

To learn more, read "Elon Musk" and discover the inspiring story of this billionaire businessman.

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Seitenzahl: 47

Veröffentlichungsjahr: 2016

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Book Presentation: Elon Musk by Ashlee Vance

Summary of Elon Musk (Ashlee Vance)

Book Presentation: Elon Musk by Ashlee Vance

About the Author

ASHLEE VANCE is a technology writer. He spent several years writing about Silicon Valley and technology for the New York Times, The Register and The Economist. He then went to Bloomberg Businessweek where he has written dozens of cover stories and features. Like Elon Musk, Ashlee Vance was born in South Africa but grew up in the United States and graduated from Pomona College.

The author's website is at www.AshleeVance.com.

Important Note About This Ebook

This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, view points and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.

Summary of Elon Musk (Ashlee Vance)

1. The early days

Elon Reeve Musk was born in Pretoria, South Africa, on June 28, 1971. His father Errol was an engineer and serial entrepreneur and as a child, Elon would sometimes accompany his father to Zambia where Errol owned part of an emerald mine. Elon's mother, Maye, was a dietician and well-known fashion model. Elon's family expanded with the birth of his brother Kimbal and soon thereafter his sister Tosca.

Blessed with a photographic memory and a prodigious appetite for reading, Elon did well at high school although the other students didn't take well to his academic prowess. Unfortunately, his parents divorced during his teenage years and at age seventeen Musk left South Africa for Canada. His mother Maye was a Canadian citizen and Elon was able to get a Canadian passport thanks to that. He arrived in Montreal unannounced and spent about a year traveling around Canada, working odd jobs and looking up distant family members.

Eventually, Elon ended up enrolling at Queen's University in Kingston, Ontario. He chose Queen's because Elon considered it had more good-looking women than other universities. By the time his brother and sister joined him in Canada, Elon and Kimbal would get into the habit of cold-calling interesting people and asking if they would be available to meet at lunch. They got to meet all kinds of influential people that way including the head of marketing for the Toronto Blue Jays baseball team, a business writer for the Globe and a top executive at the Bank of Nova Scotia.

Elon Musk studied business and competed in university speaking contests with a brand of intensity and competitiveness that would become his trademark later in life. He also started selling computer parts and fully built PCs in his dorm to make some extra cash. He was beginning to excel academically and after two years at Queen's, Musk was able to transfer to the University of Pennsylvania on a scholarship. He decided to pursue an economics degree from Wharton School and a bachelor's degree in Physics.

Musk did even better at Penn. He and Adeo Ressi, his roommate, left the dorm and rented a ten-bedroom house near the campus. During the week they would study but on the weekends, they transformed their house into a nightclub where they would charge five dollars admission for all-you-can-drink. It was not unusual for as many as five hundred students to turn up on a Friday or Saturday night – allowing Elon and Adeo to make an entire month's rent in one night. The parties became legendary around campus.

While at the University of Pennsylvania, Musk wrote a paper detailing "the power station of the future" which consisted of giant solar arrays in space transferring power to Earth via microwave. (His professor gave him a 98 for that paper). He also wrote a second paper which talked about putting all the world's information in a single database and a third which talked about the commercial potential of ultra capacitors as energy storage devices. (He got a 97 for this paper.)

"Musk's clear, concise writing is the work of a logician, moving from one point to the next with precision. What truly stood out, though, was Musk's ability to master difficult physics concepts in the midst of actual business plans. Even then, he showed an unusual knack for being able to perceive a path from a scientific advance to a for-profit enterprise."

– Ashlee Vance

Musk briefly toyed with the idea of getting into the videogame business after college but didn't feel he would be able to make much impact if he went down that path. Instead, he wanted to do something important in one of the three areas which he believed were right on the cusp of significant technology breakthroughs – the Internet, renewable energy and space. Musk vowed to pursue projects in all three areas simultaneously which most of his acquaintances viewed as crazy at the time. He wasn't so much consumed by the idea of becoming rich – instead Elon Musk wanted to make a difference in the world and believed he could.

"I really was thinking about this stuff in college. It is not some invented story after the fact. I don't want to seem like a Johnny-come-lately or that I'm chasing a fad or just being opportunistic. I'm not an investor. I like to make technologies real that I think are important for the future and useful in some sort of way."

– Elon Musk

2. Start-up