Elon Musk announces milestones at SolarCity, SpaceX, and Tesla Motors
Elon Musk is a busy man. He is CEO of two companies at once, both SpaceX and Tesla Motors [NASDAQ: TSLA]. Oh... and if that wasn't enough, he's also Chairman of SolarCity [NASDAQ: SCTY] where his cousins Peter and Lyndon Rive run the company. Sure, Steve Jobs held the CEO title at both Apple and Pixar at one point. And, nowadays, Jack Dorsey is CEO of both Twitter and Square. So, yes - others have tackled the chief executive officer role at multiple ventures at once. Nevertheless, it's breathtaking to see what Musk has accomplished with a "trifecta" of major company milestones announced this week. Let's recap this week's big news...
Musk tweeted the news earlier this week; according to SolarCity: " SolarCity customers had their biggest day of energy generation yet -- surpassing 8 million kilowatt-hours of electricity production in a single day. Just how much is 8 million kilowatt-hours? How about putting it in terms of something else that's been on people's minds lately -- Tesla electric vehicles. That's a lot of joy rides." SolarCity is America's largest solar power provider and this milestone certainly demonstrates its huge growth potential.
Then, on Friday, SpaceX landed its Falcon 9 rocket on a drone ship at sea. According to the Verge, "It's the first time the company has been able to pull off an ocean landing... a crucial milestone for SpaceX, as it shows the company can land its rockets both on solid ground and ocean. This is the second time SpaceX has successfully landed one of its rockets post-launch; the first time was in December, when the company's Falcon 9 rocket touched down at a ground-based landing site in Cape Canaveral, Florida, after putting a satellite into space. Now that SpaceX has demonstrated it can do both types of landings, the company can potentially recover and reuse even more rockets in the future." This represents a huge step forward for SpaceX.
Source: Associated Press
There were actually two massive milestones at Tesla Motors this week. The first was widely reported and announced on Tesla's blog explaining that this was, "The week that electric vehicles went mainstream... [Tesla Model 3] received 325,000 reservations, which corresponds to about $14 billion in implied future sales, making this the single biggest one-week launch of any product ever." However, a less-publicized milestone also came to pass this week. Tesla Motors proudly announced on Twitter that, "Tesla owners rock! From 1B to 2B miles [driven in Tesla vehicles] in less than a year." And Tesla followed up with some graphics (see below) that proudly showcase that these zero-emission miles driven equate to "91M gallons of gasoline saved."
Source: Tesla Motors
Its not often that you find any business maverick brave enough to take on the energy industry, the aerospace industry, or the automotive industry. But taking on all three colossal industries at once? Only Iron Man Elon Musk is bold enough to do that.