He settled with the SEC, temporarily stepping down from his chairmanship and agreed to limitations on his Twitter usage. In the same year, he was sued by the US Securities and Exchange Commission (SEC) for falsely tweeting that he had secured funding for a private takeover of Tesla. In 2018, he was sued for defamation by a British caver who advised in the Tham Luang cave rescue a California jury ruled in favor of Musk. Musk has been the subject of criticism due to unorthodox or unscientific stances and highly publicized controversies.

Musk has proposed the Hyperloop, a high-speed vactrain transportation system.

In 2016, he co-founded Neuralink, a neurotechnology company focused on developing brain–computer interfaces, and founded The Boring Company, a tunnel construction company. In 2015, he co-founded OpenAI, a nonprofit research company that promotes friendly artificial intelligence. In 2006, he helped create SolarCity, a solar energy services company that was later acquired by Tesla and became Tesla Energy. (now Tesla, Inc.) as chairman and product architect, becoming its CEO in 2008. In 2004, he joined electric vehicle manufacturer Tesla Motors, Inc. In 2002, Musk founded SpaceX, an aerospace manufacturer and space transport services company, of which he is CEO and CTO. The company was bought by eBay in 2002 for $1.5 billion. The same year, Musk co-founded online bank X.com, which merged with Confinity in 2000 to form PayPal. The startup was acquired by Compaq for $307 million in 1999. He was enrolled at Queen's University and transferred to the University of Pennsylvania two years later, where he received a bachelor's degree in economics and physics, then moved to California in 1995 to attend Stanford University but decided instead to pursue a business career, co-founding the web software company Zip2 with his brother Kimbal. He briefly attended the University of Pretoria before moving to Canada at age 17 to avoid conscription. Musk was born to a Canadian mother and South African father, and raised in Pretoria, South Africa. With an estimated net worth of around US$280 billion as of December 2021, Musk is the wealthiest person in the world. founder of The Boring Company and co-founder of Neuralink and OpenAI. He is the founder, CEO and Chief Engineer at SpaceX early-stage investor, CEO and Product Architect of Tesla, Inc. Elon Reeve Musk FRS ( / ˈ iː l ɒ n/ born June 28, 1971) is an entrepreneur and business magnate.

Internet money gross beat bank