Elon Musk has 18 patents in his portfolio, which are organized into 9 different patent categories. His trademarks include areas such as automated driving, location-based search, and more.
Elon Musk could well be the Thomas Edison of the twenty-first century. The dynamic inventor's creations have garnered him several entrepreneurial and innovator-of-the-year honors and are frequently the subject of conversation amongst consumers and corporate executives.
Musk has started a number of businesses, some of which are more well-known than others, but he has been actively innovating since when he was only a youngster. Early software initiatives and software enterprises have now developed into ambitions for consumer goods and large infrastructure. Additionally, despite the initial impossibility of some of those notions, Musk's track record has dissuaded many skeptics. His innovative thinking has contributed to his estimated $223 billion net worth.
The components of Elon Musk's almost self-driving automobiles and various computer applications that have aided his electronic ventures like Zip2 and MyWay.Com are among his most significant innovations. One of the most significant patents Musk has relates to the processor that enables his electric vehicles to locate their occupants geographically when called upon while still adhering to the traffic laws.
In other words, Elon Musk had some ideas before he became famous, but he lacked the tools to fully develop them, though he later achieved them with sheer hard work and dedication. Some of the major concepts, inventions, and patents are as follows -
Electronic Automated Vehicles
It's impossible these days to think of Elon Musk without immediately conjuring up Tesla, the publicly listed electric vehicle manufacturer whose stock has risen by almost 700% over the last 2.5 years to just under $213 per share as of the time of posting. Although the company's third-quarter earnings fell short of Wall Street estimates, it still boasts $1.24 billion in revenues and has excellent predictions for future deliveries.
Among the most significant patents Musk has relates to the microprocessor that enables his electric vehicles to locate their occupants geographically when called upon while still conforming to the traffic laws. This processor creates a realistic assessment of the surroundings using a machine learning model, enabling the automobile to use information from sensors to securely self-drive.
The cars are in high demand, particularly the impending Model 3 (which has a capacity of 200 miles and therefore will begin at $35,000), but the business is still having trouble producing enough of them to meet demand.
Space X’s Falcon Rocket
Perhaps even more well-known than his cars are Musk's aircraft ventures. SpaceX was established in 2002 with the goal of lowering the cost of space travel and making it possible to colonize Mars. Both its Falcon 1 and Falcon 9 rockets are meant to be reusable. NASA has given the business a commitment to create a spaceship to transport crew members to and from the International Space Station after it flew six cargo supply flights to the ISS.
The first of the corporation's Falcon 9 rockets burst after takeoff earlier this year, causing a setback for the privately held business. Since then, it has halted operations to reconfigure the two-foot metal rod that broke and, in Musk's opinion, set off the explosion.
Email Payments
Musk co-founded X.com, a business that specialized in financial services and email payments, in 1999. After merging with Confinity a year later, X.com assumed the name of PayPal, the most well-known service offered by that business.
The combination of the two innovations produced a titan that pioneered online payments and was eventually acquired by eBay in 2002 for $1.5 billion.
Hyperloop
The goal of this 2013-introduced transportation system, which is currently in the planning phases, is to let travelers travel from Los Angeles to San Francisco in under 35 minutes, which is quicker than taking an airplane.
The train network would operate in a tube with very little air pressure, which should lessen drag and permit greater speeds of up to 800 mph while requiring less power. However, that complete vision is still far from becoming a reality. The company's first project, a 5-mile circle around Quay Valley in California, is expected to start construction the following year. The expense of the property and the necessary technologies to make this a fact is the largest speed hurdle.
Zip2
Musk developed a method that would enable phone conversations to be initiated via the internet for his first successful startup, Zip2. Musk was innovative for fusing elements from the public switched telephone network and the world wide web at the time, even though today internet phone calls are routine, especially on social media.
Musk also created an interactive network-based centralized database with built-in maps and instructions during his work experience at Zip2. Widespread applications like Google Maps, utilized by current internet users, were inspired by this idea. Elon Musk developed a device that could provide a searchable area depending on an individual's location when he was working on the MyWay.Com Corporation.
With the help of this tool, users could do sophisticated searches that initially scanned the network based on a category before searching again with a larger search area.
Was Elon Musk the founder of Tesla?
The well-known electric vehicle manufacturer Tesla was not founded by Elon Musk. Martin Eberhard and Marc Tarpenning truly created the Tesla Company, that exists today, in July 2003. The business worked on the Tesla Model 3 for three years in secret before releasing it in 2006 with Musk's assistance. Musk didn't start working for the firm until his considerable investment in 2004 gave him the position of chairman of the company. Eberhard and Tarpenning worked together to create the Rocket E-Reader, among the first widely accessible e-readers, prior to founding Tesla.
The two decided that their next innovation would be an electric automobile because Eberhard loved sports cars. Lithium-ion batteries were suggested by Eberhard for their vehicles, and he also suggested the EV startup AC Propulsion used in the Tesla Roadster.
The Lotus Elise served as inspiration for the co-founders' electric vehicle concept.
They had first made an effort to propose their idea to Lotus, but the strong automobile manufacturer wasn't convinced that these inventors, without prior automotive industry expertise, could truly produce a trustworthy product.
Eberhard and Tarpenning were fortunate to have just met Elon Musk at a Mars Society meeting and knew that he had the funds available for their project. Musk finally contributed $6.35 million of Tesla's $6.5 million Series A fundraising round, despite initially having doubts.
FAQs
Q. Was Elon Musk forced to buy Twitter?
A. Given that he has already signed an agreement requiring him to buy Twitter, Elon Musk could be obligated to make the acquisition. Twitter intends to sue Musk in order to make him adhere to the terms of the contract. Musk has an entitlement to any data he requests before buying a company because he is the purchaser of that company.
Q. Why does Elon Musk want to nuke Mars?
A. Elon Musk intends to launch tens of thousands of nuclear missiles at Mars because he thinks the radioactive fallout may ultimately contribute to making the Martian atmosphere habitable for humans.
Q. Why does Elon Musk have so many children?
A. Elon Musk has opted to have a large family because he fears the dwindling population growth more than the possibility of artificial intelligence erasing mankind as the greatest threat to modern society. Musk, who is 51 years old, has nine children who are still alive.
Q. Why does Elon Musk hate public transport?
A. Elon Musk despises public transportation because he dislikes being confined in a small place with others and maybe sitting on or handling a filthy seat or railing. Additionally, he doesn't like how public transportation wastes his time by ferrying him to a wide range of locations that aren't even necessarily close to his final destination.
