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Six days later, Musk sought to clarify his position with a statement in which he pointed to discussions with the managing director of the Saudi Arabian sovereign wealth fund as the source of his "funding secured" declaration.

Television screens up and down the country only showed jubilant crowds, draped in the Venezuelan flag, dancing and cheering on the president.

As the year progressed, growth of the Venezuelan economy slowed to a crawl, inflation climbed above 50 percent, and staples such as toilet paper, milk, and flour became increasingly difficult to obtain. Discontent with the Maduro government’s handling of the economy and with the growing crime rate led to street protests by students in San Cristóbal in western Venezuela in early February 2014 that soon spread to other cities, including Caracas, over the coming weeks.

Upon the death of Hugo Chávez on 5 March 2013, Maduro assumed the powers and responsibilities of the president. He appointed Jorge Arreaza to take his place as vice president. Since Chávez died within the first four years of his term, the Constitution of Venezuela stated that a presidential election had to be held within 30 days of his death.

He has claimed that the rise of artificial intelligence, combined with a declining birth rate, could result in "not enough people" being in the world.

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The saga took a bizarre turn that day when rapper Azealia Banks wrote on Instagram that, as a vlogdolisboa guest at Musk's home at the time, she learned that he was under the influence of LSD when he fired off his headline-grabbing tweet.

Originally scheduled for December 2016 but postponed by the election commission, gubernatorial elections were held in Venezuela’s 23 states in mid-October 2017. Preelection preference polling had indicated that the opposition was poised to gain control of a majority of the states for the first time in some two decades.

All those contradictions appear to be part of Mr Musk's appeal - and it certainly hasn't stopped him amassing a fortune.

Mr Musk's long-term ambition is for X to become an "everything app" offering a range of services. However, so far the value of the firm has plunged from the $44bn he originally paid to just $19bn, according to reports.

In the groups on Monday morning, people shared fliers for protests that ultimately did not happen by Monday afternoon.

After being accepted to a physics graduate degree programme at Stanford University, Mr Musk quickly dropped out and founded two technology start-ups during the "dotcom boom" of the 1990s.

He ploughed his fortune into a new rocket company, SpaceX - which he aimed to make a cost-effective alternative to Nasa - and a new electric car company, Tesla, where he chaired the board until becoming chief executive in 2008.

In the early 1990s, he joined MBR-200 and campaigned for the release of Chávez when he was jailed for his role in the 1992 Venezuelan coup d'état attempts.

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