Category Archives: Elon Musk

A recent tweet fromTesla Inc (NASDAQ:TSLA)CEO Elon Muskmay have been the reason fora sharp rise in the price of Shiba Inu(CRYPTO: SHIB) as per several prominent members of the cryptocurrency community.

What Happened: The price of Shiba Inu shot up as much as 22% after a tweet from Musk, with some observers stating that the price increase was down to the fact that the figure in Tesla CEO'stweet looks like the meme coin's mascot holding a rocket.

The figure posted by Musk involves a rabbit-like figure holding a rocket, often considered a symbol of "to the moon" meme in the cryptocurrency community.

The correlation between the Musk tweet and the Shiba Inu surge was first noted by popular Twitter user Mr. Whale.

See Also:How To Buy Dogecoin

Many members of the Shiba Inu community took to Twitter to correlate the two events as the price of the coin skyrocketed by over 22% since the tweet was first published.

Why It Matters: Musk didn't mention Shiba Inu in the tweet but this is not the first time Musk's tweets have impacted the price of a cryptocurrency, even if unwittingly.

Musk played a key role in helping Dogecoin (CRYPTO: DOGE)hit an all-time high earlier in the year and the SpaceX founder also caused the price of Bitcoin to fall after stating his concerns about the negative impact Bitcoin mining has on the environment.

Just earlier this week, Musk responded to a series of tweets related to Dogecoin, sending the price of meme coin higher.

Price Action:Shiba Inu traded 7% higher at $0.00002788 at press time early Monday. It is up 2.8% over a period of 7 days. Dogecoin traded 0.9% higher at $0.24. Meanwhile, minor meme coins themed after Dogecoin and Shiba Inu are striking massive gains.

View post:

Shiba Inu Rallies After Elon Musk Posts 'To The Moon' Meme On Twitter - Benzinga - Benzinga

Space tourism has a lot of positives and can help inspire humanity to protect their planet, says UN space chief Simonetta Di Pippo.

The director of the United Nations Office for Outer Space Affairs, Ms Di Pippo said increased access to space would make it 'a part of our lives'.

The comments were made days after Prince William, the Duke of Cambridge, suggested saving the Earth should come before space tourism. He told the BBC: Great brains and minds should be trying to repair this planet, not trying to find the next place to go and live.

Ms Di Pippo, who was visiting the Italian pavilion at Expo 2020 Dubai on Monday, told The National that space tourism could benefit humanity in many ways.

It's really the attempt of bringing space closer to humanity and humanity closer to space.

"Space would become something thats outside, dark, cold and far away, but part of our lives."

The New Shepard rocket carrying 'Star Trek' actor William Shatner launches from West Texas. AFP

On October 13, Star Trek actor William Shatner became the oldest person to go into space aboard a Blue Origin tourism flight.

Richard Branson and Elon Musk are also working on businesses that would take humans to space recreationally.

When asked about space tourism flights by billionaires Ms Di Pippo said she sees a lot of positives to the progress being made in space exploration, and that it will allow people to look back on Earth and recognise its fragility.

So, we have to work a lot in terms of the sustainability in space, but also on earth. We have [to] try and work on issues related to climate and help the planet survive in the best way possible.

We can really improve the quality of life for people on Earth, thanks to space.

"I believe that if we have more and more people experiencing what space means, it can also help in policy and decision-making processes towards supporting space.

Science experiments could also become a regular part of space tourism flights.

Sirisha Bandla, an aeronautical engineer, took a plant experiment with her when she flew on board a Virgin Galactic space tourism flight in July.

The experiment helped to measure how well passengers would be able to perform scientific activities during the 90-minute flight.

Bandla will activate three plant-filled tubes to release a preservative at critical data-collection stages during the flight: at 1g (Earth gravity level) before the rocket boost, just before entering microgravity, and after the conclusion of microgravity, Nasa said.

Ms Di Pippo also believes space tourism could help inspire people to create more spin-off technologies.

With countries investing billions in space exploration, 'The National' looks at 10 inventions on Earth made possible because of space research and technology. Courtesy: US space agency Nasa

Space research and tech have helped advance many vital sectors, particularly in medicine and science.

From vaccine development and purifying water to improving baby formula, space technologies and research have been a huge benefit to life on Earth.

Since 1976, Nasa has recorded more than 2,000 space-related projects that have been commercialised and brought to the market.

These include creations such as invisible braces, water purification systems, ear thermometers and wireless headphones.

The number of satellites that each of us is using every day is really huge - when we check the weather in the morning, access the Global Navigation Satellite Systems to move from point A to point B, develop smart agricultural procedures, do telemedicine or biodiversity everything [involves] space, said Ms Di Pippo.

Updated: October 20th 2021, 9:10 AM

See more here:

Jeff Bezos and Elon Musk's space adventures aren't a waste of cash, says UN space chief - The National

Elon Musk has entered rarified air in the world billionaire rankings. The Tesla and SpaceX CEO is not only currently the richest person in the world, but is now worth as much as fellow billionaires Bill Gates and Warren Buffett combined.

The 50-year-old's net worth is $230 billion as of Friday morning, according to the Bloomberg Billionaires Index. Gates sits in fourth place with $130 billion and Buffett is No. 10 with $102 billion.

Both Gates and Buffett previously held the mantle of world's richest person. Musk first passed Amazon CEO Jeff Bezos to become the world's richest man in January with a net worth of $185 billion. Bezos had held the title since 2017.

Musk has added more than $60 billion to his fortune this year thanks to the strong performance of Tesla stock as well as a recent share sale at SpaceX which valued the company at $100 billion. The SpaceX deal added $11 billion to Musk's net worth, according to Bloomberg.

Bill Gates and Warren Buffett have a combined net worth of $232 billion, according to the Bloomberg Billionaires Index.

Spencer Platt | Getty Images News | Getty Images

Visit link:

Elon Musk is worth as much as Bill Gates and Warren Buffett combined

Billionaire entrepreneurElonMusksaid in a tweet on Thursday he was in talks with airlines about installing Starlink, a satellite-based broadband service owned by his rocket company SpaceX.

Musk, who is known for his Twitter banter, announcements and lively interactions with followers, did not provide any details about the talks in his tweet. It was not immediately clear which airlines were approached or when installation would occur.

Shares of in-flight internet provider Gogo fell to an intraday low of 5.7 percent before recouping some of the losses in afternoon trading.

Starlink, the satellite internet unit of SpaceX, plans to deploy 12,000 satellites. SpaceX has said the Starlink constellation will cost it roughly $10 billion.

It is one of a growing number of companies making small satellites that also includes Amazons Kuiper, Britains OneWeb, venture-capital-backed Planet, and Raytheon Technologiess Blue Canyon Technologies.

Muskcurrently helms companies including electric-car maker Tesla, rocket startup SpaceX and Neuralink, a startup that is developing ultra-high bandwidth brain-machine interfaces to connect the human brain to computers.

Continue reading here:

Elon Musk says he's in talks with airlines to install Starlink

Elon Musk just shaved 15% off the price of his Bay Area mansion, and it's now available for just under $32 million.

This latest price slash comes just a month after the house was taken off the market after being last listed for $37.5 million.

The new price works out to around $2,000 per square ft., nearly double the per sq. ft. price for other houses in the area, according to Bay Area market reports.

The price cut comes on the heels of Musk's announcement that Tesla like many other companies in the tech sector,including tech giants Oracle and Hewlett PackardEnterprise will be moving its headquarters from the San Francisco Bay Area to Texas.

Musk relocated to Texas at the end of last year and tweeted in July that he was living in Austin in a $50,000 pre-fab house.

The sale of his Bay Area mansion appears to be part of Musk's plan to sell "almost all physical possessions" and "own no house."

Earlier this year, Musk said he'd sold six of his seven properties, and was renting out the Bay Area manse for events.

According to the listing, the sprawling 16,000 square feet mansion sitting on 47 acres in Hillsborough, California was built in 1916. It has 10 bathrooms and seven bedrooms, a library, a music room, and a pool.

Musk bought the property for over $23 million in 2017.

View original post here:

Elon Musk Shaves $5.5 Million Off Price of His Bay Area Mansion

James Riddle Hoffa (February 14, 1913 July 30, 1975), better known as Jimmy Hoffa, was an American union activist. A reference to the working class of the 20th century, Hoffa began his union activity at the age of 18 within the trucker union. With time, he was gaining importance and enemies. He mixed with the mob and was the leader of the most important union organization in the U.S.A., the International Brotherhood of Truckers. His actions took a toll on him and in 1967 he was arrested for bribery. In 1975, he disappeared after having dinner at a Detroit restaurant. To date, it is unknown what happened or where his body is. His disappearance was portrayed in Scorseses The Irishman.

He was born in Brazil, Indiana, on February 14, 1913. James was the son of John Hoffa and Viola Riddle. His father passed away when he was 7 years old, of Irish descent and working as a miner. When the dad died, the family moved to Detroit, where Hoffa lived the rest of his life. He studied until he was 14 years old and began working as a teenager, to help the family. At the age of 18, he began to participate in the union demonstrations of the truck drivers union, and over time he gained recognition. However, Hoffa had never driven a truck.

Despite his clear inexperience, Hoffa managed to earn the respect of all road workers thanks to his charisma and effective acting. He was thus elected president of the famous International Brotherhood of Truckers or Teamsters in 1957. From then on he would be known for his aggressive methods and connections with the Cosa Nostra (Italian mafia). It is known that Jimmy used the mob to gain notoriety and destroy his competitors, while the union served as a front to clean up dirty money from the mob.

As time went by, his relationship with Cosa Nostra became increasingly evident, becoming the target of various investigations (fraud, conspiracy, evasion, extortion, laundering). Behind them was the prosecutor Robert Kennedy, who later became a solicitor, his sole objective being the capture of Hoffa. Although he managed to leave the courts unscathed on several occasions thanks to his intimidation and bribery strategies he was finally locked up in 1967.

Hoffa had faced justice several times, so the confinement did not scare him, he planned to continue running the union and all its businesses from jail, leaving someone manageable in command. But this did not turn out as he expected, his puppet rebelled and the mafia took advantage of his confinement to expand their business with more facilities. It was clear that everyone was better off without Hoffa at the helm.

In 1971 his sentence was commuted and Hoffa returned to work, he tried to regain his place and strength, but had little luck, because the mafia was clear that the business was better without him. The day he arrived, on July 30, 1975, he was summoned by Anthony Provenzano and Anthony Giacalone, two gangster bosses who were tired of his instance. They summoned him to a restaurant in Detroit, but never showed up, Hoffa waited for more than an hour and then got into a car, disappearing ever since. Nobody saw him again.

Jimmy was powerful, but he had made many enemies and was in the crosshairs of the mob, making his disappearance one of the most famous of the 20th century. His body was never found and in 1982 he was presumed dead. Although over time many took credit for his disappearance (and his death) from him, little is known for sure.

One of the possible culprits is perhaps Frank Sheeran, the Irishman, Hoffas henchman, who, pressured by the gangsters, would have killed the union leader. According to Sheerans version, that day he would have taken Hoffa to a house, where he shot him three times, and then moved his body to a still uncertain place.

His body and his disappearance became one of the best-known mysteries of the time. To date, the fate of his body is unknown. Many say it is buried, others that it was dismembered and thrown into a river, and others that it was compacted. There were many complaints about the discovery of his body, but all false.

His legacy was continued by his son, the current head of the International Brotherhood of Truckers, James P. Hoffa.

He was married to Josephine Poszywak and was the father of James P. Hoffa and Barbara Ann Crancer.

On July 30, 1982, he was declared legally dead.

Scorseses The Irishman premiered on Netflix in 2019. The film follows Hoffas hitman and right-hand man, Frank Sheeran, as he thus narrates his story and participation in the disappearance of Hoffa. In the film, Hoffa is played by Al Pacino, while Sheeran and the prosecutor Kennedy are played by Robert De Niro and Jack Huston.

Original post:

Elon Musk - History and Biography

Starlink, the satellite internet unit of SpaceX, plans to deploy 12,000 satellites. SpaceX has said the Starlink constellation will cost it roughly $10 billion.

Billionaire entrepreneur Elon Musk said in a tweet on Thursday he was in talks with airlines about installing Starlink, a satellite-based broadband service owned by his rocket company SpaceX. Musk, who is known for his Twitter banter, announcements, and lively interactions with followers, did not provide any details about the talks in his tweet. It was not immediately clear which airlines were approached or when installation would occur.

Shares of in-flight internet provider Gogo Inc fell to an intraday low of 5.7 per cent before recouping some of the losses in afternoon trading.

Starlink, the satellite internet unit of SpaceX, plans to deploy 12,000 satellites. SpaceX has said the Starlink constellation will cost it roughly $10 billion.

It is one of a growing number of companies making small satellites that also includes Amazon.com's Kuiper, Britain's OneWeb, venture capital-backed Planet, and Raytheon Technologies Corp's Blue Canyon Technologies.

Musk currently helms companies including electric-car maker Tesla Inc, rocket startup SpaceX, and Neuralink, a startup that is developing ultra-high bandwidth brain-machine interfaces to connect the human brain to computers.

Get our Daily News Capsule

Thank you for subscribing to our Daily News Capsulenewsletter.

Visit link:

Elon Musk in talks with airlines to install Starlink broadband | World News - Hindustan Times

Quick Facts

Birthday: June 28, 1971

Girlfriend: Grimes (2018)

Age: 50 Years, 50 Year Old Males

Sun Sign: Cancer

Also Known As: Elon Reeve Musk

Born Country: South Africa

Born in: Pretoria, South Africa

Famous as: Entrepreneur, Engineer, Inventor

Quotes By Elon Musk Billionaires

Height: 6'2" (188 cm), 6'2" Males

City: Pretoria, South Africa

Founder/Co-Founder: PayPal, SpaceX, Zip2, X.com, Musk Foundation, Tesla Motors

More Facts

education: Pretoria Boys High School, Queen's University, University of Pennsylvania, Wharton School of the University of Pennsylvania, Wharton School of the University of Pennsylvania, Stanford University

Recommended Lists:

Elon Musk is one of the greatest and most prolific modern inventors and is responsible for monumental advancements in futuristic technology like renewable energy and space travel. Many of his innovations seem to be right out of a science-fiction movie, but throughout his career he has brought about huge scientific breakthroughs. After making his first fortune from the internet payment service PayPal, he invested $100 million in his space travel company, SpaceX and began building satellites, launch vehicles and other spacecraft both for NASA and for his own company, creating new milestones with his privately funded spacecraft. Many of his revolutionary ideas and inventions focus on space travel, renewable energy, commercial electric cars and other technologies, that look to a future where fossil fuels and other resources may be in shorter supply. His futuristic and visionary ideas have won him both scientific and philanthropic recognition and awards. The pop culture sometimes portrays him as a sort of real life super hero, dedicated to providing worldwide solutions to international problems. Musk looks to the future, hopes for intelligent life elsewhere in the universe and continues to plan far-reaching futuristic goals such a human colony on Mars. Scroll down to learn all about this illustrious personality.

Recommended Lists:

Image Credit

https://commons.wikimedia.org/wiki/Category:Elon_Musk#/media/File:Elon_Musk_at_the_SpaceX_CRS-8_post-launch_press_conference_(25711174644)_(cropped).jpg(NASA Kennedy from United States [Public domain])

Image Credit

https://en.wikipedia.org/wiki/File:Elon_Musk_Royal_Society.jpg(Duncan.Hull)

Image Credit

https://commons.wikimedia.org/wiki/Category:Elon_Musk#/media/File:Elon_Musk_(3018710552).jpg(JD Lasica from Pleasanton, CA, US [CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)])

Image Credit

https://www.youtube.com/watch?v=kCz9lh8M7Yw( Exurb2a)

Image Credit

https://www.youtube.com/watch?v=l7u7CXoGGKc( Inspirational Visionaries)

Image Credit

https://www.youtube.com/watch?v=xZ6dt7Y6rcY&list=LLUMOuJmkMzb4VvRAl41O2Hg&index=321( geobeats)

Image Credit

https://www.youtube.com/watch?v=eboFcjgMpvs( Evan Carmichael)

Recommended Lists:

Childhood & Early Life

Elon Musk was born on June 28, 1971, in Pretoria, South Africa. The oldest of three siblings with a prodigious family name, he grew up in the last decades of Apartheid.

His parents were Maye Musk, a British-Canadian model and Errol Musk, a South Africa born British electrical engineer. When they divorced in 1980, Elon stayed mainly with his father in South Africa. A few years later, he began teaching himself computer programming and sold his first video game at the age of 12.

For his undergraduate education he attended the Queens University in Kingston, Ontario, in 1990. He eventually transferred to the University of Pennsylvania, earning dual degree in Physics and Economics.

In addition to the bachelors degrees, he earned in physics and economics, he also holds an honorary doctorate in Design from the Art Center College of Design and an honorary doctorate in Aerospace Engineering from the University of Surrey.

Continue Reading Below

You May Like

Recommended Lists:

Career

He moved to California to attend Stanford for a PhD in applied physics in 1995, but quit within a few of days to pursue his own interests in avenues of technology and entrepreneurship. Later that year, he worked with his brother, Kimbal Musk, to develop the software company Zip2, which provided services to high end newspaper clients like 'The New York Times' and the 'Chicago Tribune'.

After the successful sale of Zip2 to Compaq in 1999, Musk went straight into his next venture, an online financial service called X.com. Shortly after the company acquired a money transfer service called PayPal, through a merger, they began to focus their efforts exclusively on building this internet payment service. The success of PayPal led Musk to sell his stock in the company to eBay for $165 million.

In 2002, he invested his millions in his third company Space Exploration Technologies or just SpaceX. Within seven years, the company had designed the Falcon line of space launch vehicles and the Dragon line of multi-purpose spacecraft and was making history with their privately funded innovation. SpaceX received contracts from NASA to create a launch craft to deliver cargo to the International Space Station.

Tesla Motors was founded with the mission of designing and building electric cars. Musk invested in the company and became its chairman in 2004, a year after its inception, taking on an active role in the design of the Roadster, which won the Global Green product award. During the recession when the company was adversely affected, he went on to become the CEO and product architect of the company, a role he holds till today.

After designing the initial concept for SolarCity, Musk remains its biggest shareholder. Today, it is the second largest provider of solar energy in the United States, with a focus on combating global warming.

On August 12, 2013, Musk announced revolutionary plans for a high speed travel technology that, in theory, could replace airplane travel as a faster and cheaper option. His company SpaceX is currently working on putting his plans into practice, with the design intended to run entirely on solar energy.

He has envisioned a high-speed transportation system known as the Hyperloop. It incorporates reduced-pressure tubes in which pressurized capsules ride on air bearings driven by linear induction motors and air compressors.

In July 2017, he announced that first successful test run of Hyperloop has been done in Nevada. He also said that he has got verbal approval to build a hyperloop from New York City to Washington D.C.

Continue Reading Below

Recommended Lists:

Controversy

In September 2018, U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Musk for a tweet in which he claimed that funding had been secured for taking Tesla. Musk reached a private. The lawsuit sought to bar Musk from serving as CEO on publicly traded companies.

Later on Musk reached a settlement with the SEC. Under it terms, Musk and Tesla were fined $20 million each and Musk had to step down as Tesla chairman while remaining Tesla's CEO. In place of Musk, Robyn Denholm was named as Tesla's acting Chairman

Recommended Lists:

Major Works

SpaceX has completed several contracts for NASA, sending its Falcon 9 spacecraft to the International Space Station with cargo. This spacecraft replaced the space shuttle when it retired in 2011.

Musk was heavily involved in the design of Tesla Motors' first electric sports car, the Tesla Roadster. Musk received the 2006 Global Green product design award for this vehicle, presented by Mikhail Gorbachev.

Awards & Achievements

In 2010, the premier world organization for aerospace records, the Fdration Aronautique Internationale awarded Musk the FAI Gold Space Medal. He shares this highest honor with prominent personalities like Neil Armstrong and John Glenn.

He has won multiple awards and recognitions for his many advancements in science, technology and business alike and in 2013 was named 'Fortune' magazine's 'Businessperson of the Year' for his companies SpaceX, Tesla Motors and SolarCity

In 2016, he was ranked 21st on the Forbes list of The World's Most Powerful People.

He was ranked 21st wealthiest person in America in the 2017 Forbes 400 list.

Family & Personal Life

Elon Musk has married thrice and twice to the same woman. His first marriage was to Canadian author Justine Wilson in 2000. They had six children together: all sons. Their first son, Nevada Alexander Musk, died at the age of 10 weeks. The couple had five more sons through IVF; twins in 2004, followed by triplets in 2006. Elon Musk and Justine Wilson divorced in 2008.

In 2008, he began dating English actress, Talulah Riley, and the two of them got married in 2010. The couple separated in 2012.

In 2013, Elon Musk remarried Talulah Riley but the couple filed for divorce in 2014 and it was finalised in 2016.

Elon Musk was briefly in a relationship with American actress Amber Heard in 2016 but the couple split owing to their conflicting schedules.

Elon Musk is currently in a relationship with Canadian musician Grimes.

Elon Musk's sister, Tosca Musk, is the founder of Musk Entertainment and has produced several movies.

Trivia

In 2004, the famous inventor attended the Burning Man arts festival in Nevada. According to him, it was at this notoriously radical art and music festival that he came up with the idea of SolarCity.

Elon Musk believes there could be simple life on other planets, but he is not sure about the possibility of other intelligent life.

Read the original:

Elon Musk Biography - Facts, Childhood, Family Life, Achievements - Thefamouspeople.com

Elon Musk/Twitter

Elon Musk and singer Grimes welcomed a son on Monday, but the world puzzled over the baby's name. Musk said it was "X A-12," but it wasn't until Thursday, when the Tesla and SpaceX founder appeared on The Joe Rogan Experience, that he confirmed the name's pronunciation.

"How do you say the name?" Rogan asked. "Is it a placeholder?"

Apparently not. Musk says the name is pronounced "X Ash A Twelve," pretty much just as it looks. ("" is a character used in some languages, including Danish and Norwegian. It's often pronounced "ash," but some people pronounce each letter, saying "A E.")

"First of all, my partner's the one that mostly came up with the name," Musk said of Grimes. "I mean it's just X, the letter X, um, and the '' is pronounced, 'Ash,' and then, A-12 is my contribution." He went on to say that A-12 stood for "Archangel 12, the precursor to the SR-71, coolest plane ever."

If you want to hear Musk say it, you don't have to fast-forward through much of the video. Rogan asks him to pronounce it just 37 seconds in to the podcast.

Grimes herself tweeted out a more detailed explanation of why the various name parts were chosen. She called X "the unknown variable," and said that was "my elven spelling of Ai," which she explained as "love and/or artificial intelligence."

As for the A-12, she called the plane "our favorite aircraft," going on to tout its "no weapons, no defenses, just speed. Great in battle, but non-violent." Grimes also noted that the A in A-12 stood for "Archangel," which she said was "my favorite song." She didn't specify which song -- numerous songs are titled "Archangel" -- but some music sites are guessing she could mean the song by the band Burial. Grimes once cited Burial's "Archangel" song as a favorite on her Tumblr.

She ended her tweet with the words "metal rat" and emoji of crossed swords and a rat. 2020 is the year of the "metal rat" according to the Chinese zodiac, although of course it can also simply mean "fan of heavy metal music."

Grimes mistyped SR-17 instead of SR-71, but Musk corrected her in another tweet, writing, "SR-71, but yes."

To which she replied, "I am recovering from surgery and barely alive so may my typos b forgiven but, damnit. That was meant to be profound."

Whatever the name means, it's possible it won't appear on the baby's official California birth certificate -- at least not in the spelling that's been shared so far. A California family-law attorney told People magazine that while the name isn't illegal, the state doesn't allow symbols on birth certificates. Apostrophes, such as in a last name like O'Connor, are allowed, and it would seem that the hyphen might also make it through, but the "" might cause the certificate to be rejected, and the parents would have to submit it again.

Musk also noted that he was happy the baby was born on May 4, commonly known as Star Wars Day for the saying "May the fourth (Force) be with you."

This wasn't Musk's only memorable appearance on Rogan's podcast. In 2018, he appeared on the show and apparently took one puff of a marijuana cigarette. Recreational marijuana is, and was then, legal in California, but it remains illegal at the federal level.

See the original post here:

How Elon Musk pronounces 'X A-12,' his new son's name - CNET

You might remember that, a few months ago, Tesla held an artificial-intelligence-focused event. If you do remember it, it's probably as the event when the company's CEO, Elon Musk, introduced the Tesla Robot. Well, sort of. The character that danced onstage was actually just an actor in a robot costumer. Andwhether Tesla ever intends to introduce a walking humanoid robot that you can buy and have in your house is questionable.

On the other hand, Tesla's commitment to improving its A.I. capabilities seems real, at least given the amount of hiring it's been doing over the past few weeks. In that sense, the A.I. event was a success, in that it was less a showcase of future technology and more a recruiting effort to attract new talent.

Apparently, the company has seen a surge in applications, so much so that it appears it's having a hard time following up with all of them. In a tweet last week, Musk apologized if the company hadn't gotten back with applicants.

"Sorry if we've been too dumb to respond to you," said Musk's tweet. "Please cite evidence of exceptional ability in a few bullet points. Nothing else matters."

Clearly, the company is motivated to sift through all of the interested applicantsto find the most qualified and capable candidates. That can be a challenge for any business, and Tesla is no exception.

Of course, Musk didn't end with rsum and cover-letter tips for potential future Tesla A.I. employees. He also--probably inadvertently--highlighted one of the biggest challenges for companies, and offers the simplest solution.

Ideally, Tesla would like its team located near one of its offices. Obviously, it's beneficial to Tesla to have the best people together in the same place as it builds a team. And, for Tesla, A.I. is an extremely important piece of the company's goal of fully self-driving vehicles, and there is certainly a benefit to having all of those people together tackling big problems.

There's a bigger benefit, however, which is to have the very best people working on them. Some of those people might not be all that interested in relocating to Palo Alto, California, or Austin.

I kind of love those last seven words from Musk's tweet:" ... inefficiency of distance is overcome by talent."

Obviously, being remote introduces inefficiencies. It makes things more complicated. Sure, it's not as easy as having everyone in the same room working on the same problem. Yes, there are definitely things to consider. Coordinating schedules across time zones and having meetings over Zoom is messy,and in some casesexhausting. In some cases, it's probably not worth it.

Over the past 18 months, however, it's become clear that a lot of the work we thought had to be done in a collaborative environment in an office can also be done remotely. It's also worth it when it means you're able to have the best people in the world putting their experience and expertise towardyour problem. Especially when many of those people have realized that they don't have to live their entire life working for a company that isn't willing to be flexible to accommodate their life.

There's a tradeoff involved for both Tesla and for its employees. For the company, having the very best employees is worth being flexible about where they live. The hiring process is about meeting the needs of the company by attracting the best individuals for the roles you need to fill.

If you want to attract the very best talent, which seems like something every business should want, you have to be flexible. You have to be willing to meet people where they are, and accommodate their needs.

Unfortunately, that hasn't always been the case. For a long time, most of the decisions in terms of how and where we worked were dictated by employers. If you wanted a great job, you didn't always have the luxury of saying that you weren't willing to relocate. In some cases, that's still true today. Many companies still haven't figured this out.

That's why Musk's tweet is so brilliant--it acknowledges that things have changed, and the way you evaluate the tradeoff between having the best talentand having them in the office has to change.

Obviously, the type of talent Tesla is looking for is highly specialized. There's a limited talent pool of people who are experienced in artificial intelligence, and if Tesla wants to attract that talent, it has to be attractive to those candidates, even if they aren't interested in moving across the country.

It's an important lesson, because many businesses pretend that things are headed back to the same arrangement we were used to before the pandemic upended everything we thought we knew about work. The thing is, there's really no reason for that to be the case, especially if what you really care about is attracting the most talented people.

Fortunately, there's a solution. If you want to hire the best, just be flexible.

The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.

Read this article:

With Just 7 Words, Elon Musk Tweeted a Remarkable Truth About Talent That Most Companies Ignore Completely - Inc.