Toyota, the world’s biggest car company, is in crisis, accused of putting the public at risk by selling cars that could potentially accelerate out of control. A company respected for years for its core principles, its reputation is now badly damaged. Justin Rowlatt asks how this happened and whether Toyota can recover.
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By the age of 12 Elon Musk had sold his first commercial software, a space game called Blaster. Sixteen years later he sold his first company, Zip2, to Compaq’s Alta Vista division for $341 million in cash and stock. His next act was as co-founder of PayPal, which was acquired by eBay for $1.5 billion in stock in 2002.
Musk then turned his energy toward two notable new ventures: SpaceX, developer and manufacturer of space launch vehicles, and Tesla Motors, developer of high-end electric automobiles - both of which were started in a downturn. What makes this visionary entrepreneur tick?
Musk speaks with Michael Malone about innovation for the future’s sake, business strategies to get there, how to make order out of chaos along the way, and more.