How did Elon Musk become successful Entrepreneur ?

The Internet was beginning to expand by leaps and bounds, and newspapers were trying to figure out how they could make the best use of the new medium.

In April 2017, Tesla announced that it surpassed General Motors to become the most valuable U.S. car maker. The news was an obvious boon to Tesla, which was looking to ramp up production and release its Model 3 sedan later that year.

The Musks’ company developed online city guides for newspaper publishers. Before long, Zip2 had won contracts with major players in the industry, including The New York Times and the Chicago Tribune.

Musk made another splash with the unveiling of the new Tesla Semi and Roadster at the company's design studio.

there was tension at Zip2. Musk wanted to be CEO, but the board stood firm against the move.

At age 17, in 1989, Elon Musk moved to Canada to attend Queen’s University and avoid mandatory service in the South African military.

The semi truck, which enters into production in 2019, boasts 500 miles of range as well as a battery and motors built to last 1 million miles. The Roadster, set to follow in 2020, will become the fastest production car ever made with its 0 to 60 time of 1.9 seconds.

That same year, Musk co-founded X.com, an online banking company, using $10 million from the sale of Zip2. A year after that, with the dot-com bubble fully popped and a preponderance of tech companies closing their virtual doors, X.com would purchase Confinity, another online financial services firm, and its money-transfer service, called PayPal.

Musk pushed that goal back to March 2018, and then to June with the start of the new year. The announced delay didn't surprise industry experts, who were well aware of the company's production problems, though some questioned how long investors would remain patient with the process.

After leaving Penn, Elon Musk headed to Stanford University in California to pursue a PhD in energy physics. However, his move was timed perfectly with the Internet boom, and he dropped out of Stanford after just two days to become a part of it, launching his first company, Zip2 Corporation.

It quickly became clear that PayPal was the most important element of the company. X.com focused on the service and renamed itself PayPal in 2001.

An online city guide, Zip2 was soon providing content for the new websites of both The New York Times and the Chicago Tribune. In 1999, a division of Compaq Computer Corporation bought Zip2 for $307 million in cash and $34 million in stock options.

It soon became the online-payment system of choice, with a few thousand users multiplying to more than 1 million in a few months. Its fast adoption has been credited to a marketing campaign that recruited new customers when they received money through the service.

It also didn't prevent Musk from garnering a radical new compensation package as CEO, in which he would be paid after reaching milestones of growing valuation based on $50 billion increments.

In 1999, Musk co-founded X.com, an online financial services/payments company.

boardroom troubles dogged Musk, who was ousted from the CEO’s chair over technical arguments concerning the future architecture of the service

By April 2018, with Tesla expected to fall short of first-quarter production forecasts, news surfaced that Musk had pushed aside the head of engineering to personally oversee efforts in that division.

An X.com acquisition the following year led to the creation of PayPal as it is known today, and in October 2002, PayPal was acquired by eBay for $1.5 billion in stock. Before the sale, Musk owned 11 percent of PayPal stock.

those battles were followed by a sale, this time to eBay in October of 2002. At the time of the sale, one in four eBay transactions were completed using PayPal.

In a Twitter exchange with a reporter, Musk said it was important to "divide and conquer" to meet production goals and was "back to sleeping at factory."

those battles were followed by a sale, this time to eBay in October of 2002. At the time of the sale, one in four eBay transactions were completed using PayPal.

After signaling that the company would reorganize its management structure, Musk in June announced that Tesla was laying off 9 percent of its workforce, though its production department would remain intact. In an email to employees, Musk explained his decision to eliminate some "duplication of roles" to cut costs, admitting it was time to take serious steps toward turning a profit.

Musk founded his third company, Space Exploration Technologies Corporation, or SpaceX, in 2002 with the intention of building spacecraft for commercial space travel.

This sale was enormous by Internet-company standards of the time, with $1.5 billion in stock changing hands. Musk received $165 million for his 11.7% stake in PayPal.

By 2008, SpaceX was well established, and NASA awarded the company the contract to handle cargo transport for the International Space Station—with plans for astronaut transport in the future—in a move to replace NASA’s own space shuttle missions.