The document provides biographical information about Elon Musk. It summarizes that he is the CEO and product architect of Tesla Motors, as well as the CEO and CTO of SpaceX. It notes that he helped lead Tesla's Series A funding round in 2004 and assumed leadership of the company as CEO in 2008. It also briefly mentions some of his other career accomplishments and companies founded.

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THOUGHT OF THE DAY
THOUGHT OF THE DAY
“Things turn out best for the people who make the best of the
way things turn out.”
Law Updates:
 Enforcement officer is not empowered to make assessment under
Delhi VAT: High Court.
 RBI vide Press Release : 2015-2016/2124 dated 09th
March, 2016
has announced regarding cancellation of the certificate of
registration of four non-banking financial companies (NBFCs) in
exercise of the powers conferred on it under Section 45-IA (6) of
the Reserve Bank of India Act, 1934.
 CBEC has revised the service tax return form ST-3 through the
Service Tax (Second Amendment) Rules, 2016.
 The Cabinet has approved the “Stand Up India Scheme” to promote
entrepreneurship among Scheduled Caste/Schedule Tribe and
Women
PROFESSIONALS INPUTS:
 CBEC vide Circular No. 7/2016-Customs dated 07th
March, 2016
has allowed Merchant Ship to carry Indian currency notes of Rs.
100/-denomination for disbursement of wages etc. on board of
foreign going vessel, subject to the usual conditions prescribed by
RBI.
 CBEC vide Circular No. 08/2016-Customs dated 08th
March, 2016
has dispensed off the Customs Declaration form which is prescribed
for the domestic passengers travelling along with international
passengers in the international flight flying in its domestic leg.
 SEBI vide Circular No. SEBI/HO/MRD/DP/CIR/P/2016/00000000
38 dated 09th
March, 2016 has permitted recognized stock
exchanges to introduce cross currency futures and options contracts
on EUR-USD, GBP-USD and USD-JPY and currency options on
EUR-INR, GBP-INR and JPY-INR currency pairs.
MARKET WATCH:
SENSEX: 24793.96 134.73 NIFTY: 7531.80 46.50
SILVER: 37220.00 -207.00 GOLD (MCX): 29606.00 -203.00
USD/INR: 67.35 0.25 CRUDE OIL: 2544.00 69.00
CS Rajiv Bajaj
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Date: 10th
March, 2016

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Elon Musk
CEO and Product Architect of Tesla Motorsv
Elon Reeve Musk (born June 28, 1971) is a South African-born Canadian-
American business magnate, engineer, inventor and investor. He is the CEO
and CTO of SpaceX, CEO and product architect of Tesla Motors, and
chairman of Solar City. He is the founder of SpaceX and a co-founder of Zip2,
PayPal, and Tesla Motors. He has also envisioned a conceptual high-speed
transportation system known as the Hyperloop and has proposed a VTOL
supersonic jet aircraft with electric fan propulsion.
Early life
Musk was born June 28, 1971, in Pretoria, Gauteng, South Africa, the son of Maye (née Haldeman), a model
from Regina, Saskatchewan, Canada; and Errol Musk, a South African-born electromechanical engineer. He has
a younger brother, Kimbal, and a younger sister, Tosca. His paternal grandmother was British, and he also has
Pennsylvania Dutch ancestry. After his parents divorced in 1980, Musk lived mostly with his father in locations
in South Africa. At age 10, he discovered computing with the Commodore VIC-20. He taught himself computer
programming and at age 12 sold the code for a BASIC-based video game he created called Blastar to a
magazine called PC and Office Technology for approximately US$500. A web version of the game is available
online.
Education
Musk was initially educated in private education, attending the English-speaking Waterkloof House Preparatory
School. Musk later graduated from Pretoria Boys High School and moved to Canada in June 1989, just before
his 18th birthday, after obtaining Canadian citizenship through his Canadian-born mother. At the age of 19,
Musk was accepted into Queen's University in Kingston, Ontario, for undergraduate study, and in 1992, after
spending two years at Queen's University, Musk transferred to the University of Pennsylvania where, at the age
of 24, he received a Bachelor of Science degree in physics at Penn's College of Arts and Sciences, and a
Bachelor of Science degree in economics at the Wharton School of the University of Pennsylvania. Musk
stayed on a year to finish his second bachelor's degree. While at the University of Pennsylvania. In 1995, age
24, Musk moved to California to begin a PhD in applied physics at Stanford University, but left the program
after two days to pursue his entrepreneurial aspirations in the areas of the Internet, renewable energy and outer
space. In 2002, he became a U.S. citizen.
Career with Tesla Motors
Tesla Motors was incorporated in July 2003 by Martin Eberhard and Marc Tarpenning, who financed the
company until the Series A round of funding. Both men played active roles in the company's early development
prior to Elon Musk's involvement. Musk led the Series A round of investment in February 2004, joining Tesla's
board of directors as its chairman.
Following the financial crisis in 2008, Musk assumed leadership of the company as CEO and product architect,
positions he still holds today. Tesla Motors first built an electric sports car, the Tesla Roadster, with sales of
about 2,500 vehicles to 31 countries. Tesla began delivery of its four-door Model S sedan on June 22, 2012. It
unveiled its third product, the Model X, aimed at the SUV/minivan market, on February 9, 2012, Musk has
favored building a sub-US$30,000 subcompact and building and selling electric vehicle powertrain components
so that other automakers can produce electric vehicles at affordable prices without having to develop the
products in-house. Several mainstream publications have compared him with Henry Ford for his work on
advanced vehicle powertrains.