Tesla Motors Inc CEO’s Latest Ambition: An Electric Jet

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Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk, who is also referred to as the real life Tony Stark, is coming up with world-changing ideas one after another. The latest idea is an electric plane that can take off and land vertically.


Tesla CEO and his innovative ideas

Musk is known for his creative ideas and innovative products. First, he has done an incredible job of bringing electric vehicles to the mainstream under the Tesla brand. Second, he is doing impressively well at SpaceX, which is concerned with the realm of space travel. Third, he is working on developing a high-speed transportation system known as the Hyperloop. Going to Mars is Musk’s next big dream as he has plans of unveiling SpaceX’s Mars roadmap in September.

Last week at the SpaceX Hyperloop Pod Award Ceremony, Tesla’s CEO was asked what his “next great idea” is. Musk replied that it’s electric-powered air travel.

“Well I have been thinking about the vertical takeoff and landing of an electric jet a bit more. And I think I have something that might be close. I’m quite tempted to do something about it,” Musk said.

Tesla’s CEO said his ideas do seem crazy to people in the beginning, but when he works on them and turns them into reality, people are convinced because “ultimately, seeing is believing… that’s what convinces people.”

Musk serious about electric jets

If someone else would have made such a statement, it would have been easily ignored, but Musk has a reliable track record. Therefore, when he talks about what he is dreaming of, it is worth paying attention to. Musk talked about his plan for developing an electric jet in October as well during a Marketplace interview.

He also mentioned his electric plane ideas in 2014 during an interview with the Massachusetts Institute of Technology (MIT), and in the same week, budget airline EasyJet announced its plans of looking at producing hybrid electric airliners. At that time, Musk said he was “toying” with the idea and “would love to do it, but I think my mind would explode.”

On Friday, Tesla shares closed down 7.26% at $162.60. Year to date, the stock is down by over 32%, while in the last year, it is down by over 25%.

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