The robot with a human-like appearance would carry out the work people like to do least, with “profound implications for the economy,” Musk said at the company’s AI Day event on Thursday.  

Tesla Inc Chief Executive Elon Musk said the electric automaker will probably launch a “Tesla Bot” humanoid robot prototype next year, designed for dangerous, repetitive, or boring work that people don’t like to do. 

Tesla Inc Chief Executive Elon Musk on Thursday said the electric automaker will probably launch a “Tesla Bot” humanoid robot prototype next year, designed for dangerous, repetitive, or boring work that people don’t like to do.

A few years ago, Musk asked Tesla engineers “to design a superfast training computer and that’s how we started Project Dojo,” Tesla director Ganesh Venkataramanan said at the AI Day event.

 To begin sales in India Tesla aims this year. The company is likely to set up a factory in India if successful with imported vehicles, Chief Executive Elon Musk said on Twitter, after the company wrote to Indian ministries seeking a big reduction in import duties on electric vehicles, according to two sources with knowledge of the matter.

Musk in a tweet said, “We want to do [launch EVs in India] so, but import duties are the highest in the world by far of any large country! Moreover, clean energy vehicles are treated the same as diesel or petrol, which does not seem entirely consistent with the climate goals of India.”

The company announced its plans to launch by January in India. Since then the company has hired key top executives to look after local operations. 

“But we are hopeful that there will be at least a temporary tariff relief for electric vehicles. That would be much appreciated,” Musk said in another tweet.

The car producer is currently lobbying for lower taxes on imports as it considers plans to expand into India, one of the world’s biggest emerging car markets, people with knowledge of the details said Friday.

“Import duties are the highest in the world by far of any large country,” Musk said on Twitter, replying to a question about the prospect of sales in the nation. “Moreover, clean energy vehicles are treated the same as diesel or petrol, which does not seem entirely consistent with the climate goals of India.”

The firm is hopeful India will offer “at least a temporary tariff relief for electric vehicles,” Musk said. “If Tesla is able to succeed with imported vehicles, then a factory in India is quite likely.”

Musk tweeted “But we are hopeful that there will be at least a temporary tariff relief for electric vehicles. That would be much appreciated.”

“First you pay import duties (100 per cent) then you pay GST which is 48 per cent and then you have registration tax of another 15 per cent. So, it’s duties on duties on duties — a multiple layers of duties which is keeping this sector very niche,” Balbir Singh Dhillon, Head of Audi India, told BusinessLine recently.  That is why for the last five-six years, the luxury car market has been stuck in the range of 30,000-40,000 units a year.

Former Managing Director of Mahindra and Mahindra Pawan Goenka came out in support of Musk’s demand. “Tesla wants a reduction in the import duty. I think the Government should consider lowering the 100 per cent slab to 60 per cent for electric vehicles.”

On Monday Bitcoin hit a two-week peak just shy of $40,000 (around Rs. 29.2 lakhs), after another weekend reacting to tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold Bitcoin but may resume transactions using it.

Bitcoin has gyrated to Musk’s views for months since Tesla announced a $1.5 billion (around Rs. 10,980 crores) Bitcoin purchase in February and said it would take the cryptocurrency in payment. He later said the electric car maker would not accept Bitcoin due to concerns over how mining the currency requires high energy use and contributes to climate change. Bitcoin price in India stood at 28.7 lakhs at 12pm IST on June 14.

“When there’s confirmation of reasonable (~50 per cent) clean energy usage by miners with the positive future trend, Tesla will resume allowing Bitcoin transactions,” Musk said on Twitter on Sunday.

“The market had been going through another round of correction over the weekend … until Elon Musk’s tweet of accepting BTC again for Tesla purchases changed sentiment,” said Bobby Ong, co-founder of crypto analytics website CoinGecko.

He said the market was also supported by the software company and major Bitcoin-backer MicroStrategy raising half a billion dollars to buy Bitcoin.

Musk’s tweet was made in response to an article based on remarks from Magda Wierzycka, head of cybersecurity firm Syria, who in a radio interview last week accused him of “price manipulation” and selling a “big part” of his exposure.

“This is inaccurate,” Musk said. “Tesla only sold ~10 per cent of holdings to confirm BTC could be liquidated easily without moving market.”

Musk had tweeted in May that Tesla “will not be selling any Bitcoin” and “has not sold any Bitcoin,” but investors are keenly awaiting Tesla’s next earnings update – due next month – for any disclosure of changes to its position.

Musk has taken issue with the vast computing power needed to process Bitcoin transactions and in early June posted messages appearing to lament a breakup with Bitcoin.

Other cryptocurrencies were steady after weekend gains, with ether at $2,491 (around Rs. 1.8 lakhs) and one-time Musk darling Dogecoin buying about 32 US cents (around Rs. 20) on crypto exchange Binance. And Dogecoin price in India stood at Rs. 23.78 at 12:30 pm IST on June 14, 2021.

A South African-born American entrepreneur and businessman Elon Musk is a person who has founded X.com in 1999 (which has now become PayPal), and a company like SpaceX in 2002, and Tesla Motors in 2003. When Musk sold his start-up business, Zip2, to a division of Compaq Computers. He became a multimillionaire in his late 20s.

Musk made headlines in May 2012, when SpaceX came up with a rocket that would send the first commercial vehicle to the International Space Station. He supports his portfolio by buying SolarCity in 2016 and cemented his standing ahead of the industry by taking on an advisory role in the initial days of President Donald Trump’s administration.

Past Life 

Elon Musk was born on June 28, the year 1971, in Pretoria, South Africa. In his childhood, Musk was so lost in his daydream world about inventions that his parents and doctors instructed a test to check his hearing.

At about the time of his parents’ divorce, when he was 10, Musk grew an interest in the computer world. He upskilled himself on how to do the program, and at the age of 12, he sold his first software: a game he built called Blastar.

In grade school, he was a short, studious, introverted person. He was bullied until he was 15 years old and learned how to defend himself with skills like karate and wrestling.

Education:-

At age 17, in 1989, Musk moved to another country Canada to attend Queen’s University and avoid compulsory service in the South African military. He gained his Canadian citizenship in the same year, in part because he felt it would be easier to gain American citizenship through that path.

In the year 1992, Musk left Canada for further studies of business and physics at the University of Pennsylvania. He graduated with an undergraduate degree in economics and hung on for a second bachelor’s degree in physics studies.

After leaving Penn, Musk headed further towards Stanford University in California to pursue his Ph.D. in energy physics. However, his move was timed superbly with the Internet boom, and he left Stanford after just two days to become a part of it, starting his first company, Zip2 Corporation in 1995. Musk became a U.S. citizen in the year 2002.

Elon Musk, multi-billionaire and CEO of Tesla and SpaceX, has plans to colonize Mars and thinks AI may turn humans into its pets. But over the hype, his vast net worth, and Twitter presence

Musk’s companies are actually taking on 8 industries. 

Elon Musk is the CEO, investor, founder, or adviser for some of the world’s most-hyped huge companies, including:

• SpaceX (including Starlink) 
• Tesla (including SolarCity) 
• The Boring Company 
• OpenAI 
• Neuralink 

Working Strategy

Managing various companies and a huge amount of travel time, Musk has learned the power of aim and focus to get critical work done. In a famous University of Southern California commencement speech, Musk was quoted saying “focus on signal over noise, don’t waste time on things that don’t actually make things better”.

Best Advice from Elon Musk

1. Have a goal.

Don’t just make your goal to “make a lot of money’’. Have a goal that’s compelling and relevant. Find out how to make things good, or to do something significant. If the business or product doesn’t exist yet, be in the lead of making it a reality

2. Seek criticism.

Get as much feedback as you possibly can from your people whom you trust. Make sure you keep examining yourself to make sure you truly believe in your plans and strategies aren’t just after some unrealistic dream for the wrong reasons. Be well mannered when someone tells you to rethink one aspect of your plans.

3. Don’t grow yourself too thin.

Don’t try to run multiple companies at a time Concentrate on doing one thing at a time, or building one company at a time. On the other hand, you should be working harder, challenging, and longer than others. That’s how you get more done in a short time, and how you get ahead.

4. Don’t fear failure.

Failure is a normal thing in the success path. If you think something is likely going to end up in failure, but it’s important enough to try and attempt to do it, make sure you go for it.

5. Choose to be extraordinary:

As per to Musk, “people can choose to be ordinary.” Choose the difference. Challenge and question rule. Do the unexpected. Strive always for greater goals and activities.

Elon Musk’s skills over the last two decades make him a role model for young entrepreneurs.

Here are some powerful lessons that you can learn from his life and career.

Dare to challenge reality

Before Tesla Energy came into reality, people were assured that battery packs would continue to be costly, no matter what. However, Musk understands that if someone could break down batteries into their fundamental components aluminum, cobalt, steel, nickel, polymers, steel, carbon, etc. and develop them from scratch by optimizing the resources, the gross price could be decreased by a huge margin.

Today, Tesla Energy has built itself as a revolutionary energy storage venture for sustainable companies and homes. Musk dared to challenge accepted reality and changed it.

Consider failure an option and take calculative risk 

Today, he may be a multi-billionaire entrepreneur, but things were not the same as this. When Musk started SpaceX, he thought about his failure as a workable option on his new journey towards cosmos exploration. However, instead of giving it up, he built a contingency plan and went ahead with the SpaceX project.

In Elon Musk’s words, “If we don’t get the first SpaceX rocket launch to succeed by the time we’ve spent $100 million, we will stop the company. That will be enough for three attempted launches.”

“Failure is an option here. If things are not failing, you are not innovating enough.” – Elon Musk Don’t be scared of failure.

 Don’t just think money 

What was it that Elon Musk was thinking when he was thinking to invest in Tesla Motors? No great person who changed the world in any way did earn more money. There was something that is over the fame and wealth that motivated them to do great things. 

“Going from PayPal, I thought: ‘Well, what are some of the other problems that are likely to most affect the future of humanity?’ Not from the perspective, ‘What’s the best way to make money?” – Elon Musk 

So whenever you make a decision to start a new business, aim at the difference that your product or service can make to humanity.