The understanding of passive income streams is very important. A passive income stream is what it sounds like, incomes that stream or flow to you automatically after you managed to...
Elon Musk is truly one of the heroes of our time. For those of you who don’t know who he is, he is the founder of Pay pal, Tesla, SolarCity and SpaceX. In just a few years he has managed bring hope to mankind through innovative thinking. He is one of the reasons I believe that we can fight Climate change (which I wrote about here). As we talked about before, making mistakes and learning from them is how we develop and get better. Elon Musk has of course failed many times over the years but he has not given up on his dreams. That is a winning attitude, and I’m sure he will succeed on his mission in life.
Failure is an option here. If you are not failing, you are not innovating enough
When Elon Musk started Tesla the plan was simple.
Build a high end, expensive, low volume car. Which became the Tesla Roadster. Low volume was all they could manage for a startup company so it makes a lot of sense.
Build a medium priced car, which will be sold in medium volume, this became the model S.
The model S, really put Tesla on the map as a car producer and forced the giant car companies to come up with electrical cars as well.
Build a lower priced car, which will be sold in large quantities, this is the model 3 that is planned to hit the market in 2017.
The Tesla cars are a bit more expensive than other cars in the same class but in return, the cost for driving them is A LOT lower. According to Elon Musk, basically there are no service costs except for tires and wiper blades.
SpaceX is the first private company that works in the space travel industry. They are developing a re-usable space rocket launcher that will launch a rocket into space then return safely to the launch station within 20-30 minutes. This will make it possible to launch several rockets in a single day.
They are now working for NASA, bringing supplies to ISS.
Space X also have a plan to colonize Mars!
They are planning to start sending space craft’s there starting in 2018 and Elon has said that somewhere in the mid-end of the 2020s the first shuttle with humans will be heading towards Mars.
Solarcity is a solar cell company that has developed the world’s most effective solar cells. So far they have powered over 300.000 homes, and they have just a couple of days ago announced a new product. Solar Roofs. I watched the video from the launch shortly after it was released on YouTube, and it sure looks awesome!
The idea is that people who are going to change their roof anyway (millions every year) will be able to put in a solar roof instead of a normal roof and according to Elon Musk the solar roof will be the cheaper option. So if you are planning to change your roof or build a new house, or know someone that is, check this out.