How did Elon Musk become successful Entrepreneur ?

The restructuring appeared to pay dividends, as it was announced that Tesla had met its goal of producing 5,000 Model 3 cars per week by the end of June, while churning out another 2,000 Model S sedans and Model X SUVs. "We did it!" Musk wrote in an celebratory email to the company. "What an incredible job by an amazing team."

Before the PayPal sale had closed, Musk had begun to dream up a miniature experimental greenhouse that he could land on Mars.

In 2001, Musk took steps to realize this vision, taking a trip to Moscow to shop for Soviet Intercontinental Ballistic Missiles (ICBMs) that could be refitted to deliver payloads into space

On May 22, 2012, Musk and SpaceX made history when the company launched its Falcon 9 rocket into space with an unmanned capsule.

Musk and his advisors, however, failed to see eye-to-eye with the Russian aerospace companies, who didn’t take them seriously.

The vehicle was sent to the International Space Station with 1,000 pounds of supplies for the astronauts stationed there, marking the first time a private company had sent a spacecraft to the International Space Station.

. In 2002, he tried again, this time bringing along a former CIA venture capitalist, but the Russian aerospace firms wanted too much money for their rockets and Musk moved on.

Of the launch, Musk was quoted as saying, "I feel very lucky. ... For us, it's like winning the Super Bowl."

the announcement also opened the door for legal action against the company and its founder, as the SEC began inquiring about whether Musk had indeed secured the funding as claimed. Additionally, several investors filed lawsuits on the grounds that Musk was looking to manipulate stock prices and ambush short sellers with his tweet.

Since that fateful launch, SpaceX has continued to make history. When its SpaceX Dragon vehicle docked with the International Space Station in 2012, it was the first commercial company to ever do so

It once again made headlines in December of 2015, when the company was able to successfully land the first stage of the Falcon rocket back at the launch pad, a first for rocket science and a feat that would be replicated multiple times in the months to follow.

Musk sought to clarify his position on August 13 with a statement in which he pointed to discussions with the managing director of the Saudi Arabian sovereign wealth fund as the source of his "funding secured" declaration. He later tweeted that he was working on a proposal to take Tesla private with Goldman Sachs and Silver Lake as financial advisers.

The company has also made money. In 2006, NASA gave SpaceX a contract to develop the Falcon 9 launch vehicle, which it followed up with another $1.6 billion contract in 2008.

beyond headlines and profits, Musk sees SpaceX as filling a vital need. “There's a fundamental difference, if you look into the future, between a humanity that is a space-faring civilization, that's out there exploring the stars... compared with one where we are forever confined to Earth until some eventual extinction event,” he said.

The saga took a bizarre turn that day when rapper Azealia Banks wrote on Instagram that, as a guest at Musk's home at the time, she learned that he was under the influence of LSD when he fired off his headline-grabbing tweet and overheard him making phone calls to drum up the funding he promised was already in place.

However, the news quickly turned serious again when it was reported that Tesla's outside directors had retained two law firms to deal with the SEC inquiry and the CEO's plans to take the company private.

In September of 2016, Musk outlined a plan to explore and eventually colonize Mars

On August 24, one day after meeting with the board, Musk announced that he had reversed course and would not be taking the company private. Among his reasons, he cited the preference of most directors to keep Tesla public, as well as the difficulty of retaining some of the large shareholders who were prohibited from investing in a private company.

Musk brought the same idealism and drive to another major venture, Tesla Motors Inc. (TSLA).

Others suggested that Musk was also influenced by the poor optics of an electric car company being funded by Saudi Arabia, a country heavily involved in the oil industry.

That company was first incorporated in 2003 by Martin Eberhard and Marc Tarpenning, a pair of engineers. The two funded the company’s development until the Series A round of funding in 2004.

On September 29, Musk agreed to step down as chairman of Tesla's board for three years as part of an agreement with the SEC. He also has to pay a $20 million fine.

In August 2016, in Musk’s continuing effort to promote and advance sustainable energy and products for a wider consumer base, a $2.6 billion dollar deal was solidified to combine his electric car and solar energy companies. His Tesla Motors Inc. announced an all-stock deal purchase of SolarCity Corp., a company Musk had helped his cousins start in 2006. He is a majority shareholder in each entity.

At that time, Musk came in as a leading investor, putting $7.5 million into the nascent car company.

In addition to bringing his reputation and cash, Musk took an active role in the company, managing the design of the Tesla Roadster and insisting on a carbon fiber body, among other things.