In addition to SpaceX, the entrepreneur serves as chief executive of Tesla Motor Co., an
electric car company, is chairman and co-founder of SolarCity and is working to build a high - speed «Hyperloop» transportation system, which — in theory — could
revolutionize travel by cutting commute time from Los Angeles to San Francisco to 30 minutes.
Le Duc cites
companies like Tesla, which made
electric cars fashionable; Nest Labs, which is
revolutionizing home temperature control and energy use; and Solar City, which scaled up industrial solar panels, all of which are taking revenue from
companies with older business models.