Peter Drucker has put forward the theory of opportunity-based theory. This was contended that the entrepreneurs excel at taking advantages of the possibilities that are created by social, political or cultural changes. The business is created to meet the emerging needs of the people. Drucker states that some individuals can see through the issues and create a niche consumer base. It is important to ensure that the people can create an opportunity based on the requirement of the society (Hatten, 2015). Musk had been able to create a niche consumer base, based on the climate change, secured payments and also his personal ideology of extraterrestrial organisms. This mixture of motivation and desire to achieve has catapulted the people to fame. From analysis and retrospection of these theories, it can be determined that Musk has a unique blend of certain important characteristics and traits that enabled him to meet the outcomes that was desired in this process. A number of important factors were collated and it can be deemed that certain important characteristics for success was innately present in Musk that aided him to meet goals and develop useful products for the public. From personal introspection, it can be deemed that in order to be successful, an innovative idea for the right market at the appropriate time needs to be developed. Added to this, the art of selling the idea and the persuasiveness of these ideologies need to be present. The theories of entrepreneurship aided in gaining comprehension of the fact that the quality of entrepreneurship is an acquired quality that stems from developing innovation for the appropriate markets. These were the determinations that were made from this analysis.