Article: Is Elon Musk’s Toxic Reign Coming to an End?

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Is Elon Musk’s Toxic Reign Coming to an End?

Tim Fries, 10 July 2021

Afew years ago, no one would have expected for one man to introduce so much volatility into the crypto space. Elon Musk filled that ignoble role, but everything has its expiry date.

What Did Elon Musk Do to Deserve 58 Million Followers?
Elon Musk got his first major financial breakthrough when he sold his Zip2 company to Compaq in 1999 for $307 million. Three years later, as a co-founder of PayPal, he sold it to eBay for $1.5 billion. Established business pedigree and these two financial injections were sufficient for him to focus on more concrete projects:

  • Tesla
  • SpaceX
  • Neuralink
  • If you were to craft a fictional billionaire character with an exciting background, you wouldn’t have it be about payment processors or business directories. Instead, it would be about transformational technology:

  • Electric vehicles that not only didn’t look awkward but, for the first time, could compete with mainstream, luxury sports cars.
  • Re-usable rocket technology, making leaving Earth’s orbit somewhat cost-effective.
  • Mapping the human brain so it can directly interface with machines, either externally or for bionic prosthetics.
  • Without going into the details of Tesla’s and SpaceX’s overreliance on government subsidies, each level of Musk’s engagement is straight out of a CyberPunk novel. This alone provides a solid foundation for his global notoriety.

    However, what Musk is most popular for nowadays has nothing to do with his main professional focus. Musk seems to have found that leveraging social media influence is a great resource.

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