Question B1
In 2002, Musk sold his second internet startup, PayPal, to eBayfor $1.5 billion. His first company, a Web software firm, wasacquired by Compaq. Currently, Musk is the CEO of Space ExplorationTechnologies (SpaceX) and Tesla Motors, and also the chairman andthe largest shareholder of SolarCity, an energy technology company.SpaceX, which builds rockets for companies and countries to putsatellites in space, was the first private company to deliver cargoto the International Space Station. It’s reigniting interest inspace exploration. Tesla Motors is the world’s most prominent makerof electric cars and is proving that electric cars can be green,sexy, and profitable. SolarCity is now the leading provider ofdomestic solar panels in the United States. Each of these ventureshas transformed an industry: PayPal – Internet payments; Tesla –automobiles; SpaceX – aeronautics; and SolarCity – energy.(Modified from source: Kristoffer Tripplaar/Sipa USA (Sipa via APImages)
Based on the above case, name the type of problems Musk dealwith when developing these new ventures.
