Last month, Elon Musk became the second richest man world, according to Forbes magazine. The Pundits predict he could catch Jeff Bezos up this year. So what is the secret to success? A few years ago I spent an hour discussing it with him. Check out his new site we decided to dust up the interview later and share it with you. So here’s Elon Musk’s lead on business leadership.
- It is not a financial issue
This is really important for Musk’s attitude towards the business.
When I interviewed him in 2014 he said he did not know how valuable he was.
“It’s not like money is somewhere, he said. Thankfully I have votes at Tesla, SpaceX, and SolarCity, and the market is worth those choices.
He had nothing to do with being rich “if he did it right and good”, but it was said that it did not bother him.
It may be a work in progress.
Real life is about Robert Downey Jr. Tony Stark’s Iron Man was estimated to cost about $ 10bn ($ 7.3bn) as we talked in 2014. It was around $ 150bn.
His electric car business, Tesla, was a very interesting one. Shares increased by 700% by 2020 to bring in more than $ 600bn in assets. So you can buy Ford, General Motors, BMW, Volkswagen, and Fiat Chrysler, and you have the rest to buy Ferrari.
But Musk, 50, does not expect to be rich. He said he thought most of his money would be spent on building a base on Mars, and he would not be surprised if the project burned down.
In fact, like Bill Gates, he may have intended to end his life with billions in the bank as a sign of failure because he did not properly invest that money.
- Follow your heart
This March’s episode is a testament to what Musk believes is key to the campaign.
I said. You want exciting new things to improve your life.
Spaceauki SpaceX. He told me he had set up the business because he was frustrated with the US Airlines program.
He said: (I hope we will always go to Earth, put one on Mars, and find a reason on the moon, and you know, planes will fly often,) he said.
When that did not happen, he set up a mission called the “Mars Oasis Mission,” which aimed to send a small greenhouse to the red earth. The idea resonated with people about the sky, and persuaded the US government to increase NASA funding.
As he tries to humiliate her, he realizes that the problem is not “unwillingness, but lack of direction” – space technology is more expensive than it should be.
Kuma voila! The world’s shortest bullets are being fired.
Musk told me that he thought of himself as an engineer rather than a printer, and that the one who woke up in the morning was eager to solve technical problems.
That is, instead of the dollar in the bank, this is the measure of its growth. He sees every problem that his business has overcome itself to help anyone trying to solve a single problem – and he always does.
So, just before our meeting, the manufacturer announced the release of all Tesla solutions to boost the development of electric cars around the world.
- Do not be afraid of pride
One of the amazing things about the Musk industry is how brave they are.
He wanted to change the automobile industry, take Mars, build fast cars in tunnels, integrate the AI brain and increase solar and battery industry.
There is a standard level here. Her works are the kind of forward thinking that you see in a children’s magazine in the early 1980s.
Put it this way, his second job was called drunkenness.
Musk made no secret of the authenticity of the books and movies that intrigued him as a young man in South Africa.
That takes us to Musk’s third commercial – don’t hold back.
He believes that the lack of dreams will lead to the weakening of many organizations.
He said many businesses would “expand”. If you are the CEO of a large business and you have a goal for something that can really improve it, and it lasts longer than expected, and it does not go well, then there is nothing wrong with that. to tell me , that they may say, ‘I am not guilty,’ they are servants.
If you are confident, and you see real progress, and it is not going well, you may be fired, Mr Musk said. He said this is why businesses often focus on making small improvements to their existing products rather than trying to focus on these innovations.
So his advice is to make sure you are doing what he calls “distractions”.
The two stand out in place of Musk’s majors.
First, it wants to increase conversion from fossil fuels.
Thean marketer said: (We are pulling oil fields and deep wells that have not had light since the Cambrian period. If the last person saw the light when it was a nest, you should ask him if he is wise. )
Like I said, think hard.
- Prepare for a trip
This is obvious.
You have to get the skin in the game to do well, but there are more risks than just a lot.
In 2002 he sold his shares to his two companies, an online leader called Zip2 and PayPal online payment services. He has been living for 30 years and is now making about $ 200m from the bank.
He said his plan was to leave half of his fortune in business and then hold on to others.
Things are not going well that way. When I met him, he was going through a difficult time in his professional life.
His new business is facing a variety of challenges. All three spacecraft plan, and Tesla has many operational problems, product chains, and design problems.
Then the financial crisis fell.
Mr Musk said he faced a difficult choice. (Maybe I can save money, and then it will definitely kill businesses, or put in what I left behind or have some time.)
He continued to invest.
Sometimes he owed so he had to lend money to friends just to pay for his living expenses, he told me.
So maybe the banker is afraid of him?
He said he did not: (Maybe my children will go to public school, I think it will be a big job. I went to public school.)
- Contempt reviews
What struck him so much – and it seems that in 2014 he was in a state of shock – was the excitement of many scientists and speakers living his work.
The liberal Schadenfreude is truly amazing, Musk said. (There are a lot of cells holding a Tesla watch.)
I say people want him to work because there is a kind of pride in what he wants.
He hated her. ( I think it’s proud to say that we really do it, to oppose the idea of doing so, and to give him the best key.)
This brings us to Musk’s next lesson on business efficiency – not listening to reviews.
He told me he did not believe SpaceX would make money and that Tesla would set them up – and nothing else.
But he ignored the shocks and continued in some way.
Why? Remember, this is a person who feels responsible for the big problems he or she solves, not the amount of work he or she does.
Think about how to release that. He is not afraid to look for something stupid because it will not pay for much of his business, which he takes care of which is followed by big ideas.
He decided it was easy because he could put what he thought was important.
And the market loves its performance.
In October, U.S. investment bank Morgan Stanley invested $ 100bn in SpaceX.
The industry has changed the global economy, but what makes Mr. Musk proud is the fact that his business has redesigned its US airline program.
Last year his Dragon Crew spaced six astronauts aboard the International Space Station, the first mission from the United States since leaving space in 2011.
- Be happy with yourself
Follow this guide and, with a little luck, you will be rich and famous too. Then you can start from your pods.
Mr. Musk is a well-known sportsman – he has 120 working days to keep the Tesla Model 3 working on the road – but from our meeting he was pleased with himself.
He continued to argue and abuse, shooting and firing on social media
In 2018 he had a problem with the U.S. Treasury Department when he tweeted that he was planning to take over Tesla, and during the crisis Covid-19 forced Tesla to replace his working at the San Francisco Bay Factory. Area, he is a strong contender for corona bypass grafting cups
He described the terrorist threat as “voiceless” on Twitter, and described the internal order as “imprisonment,” saying it was a “fascist” and a violation of their rights. constitution.
In the summer he announced plans to sell his real estate because they are pressing you down .
A few days later, he took to Twitter to tell the world that his new son would be named X Æ A-12 Musk.
But unfamiliar methods do not apply to his business, and the trader is more concerned than ever.
In September, Mr. Musk said Tesla would earn “$ 25,000” in three years, and said the company would soon be taking the new cars.
It ended its year in December, when SpaceX attempted to launch its first spacecraft on Mars.
The largest rock erupted when it landed six minutes after the jump.
Mr Musk described the victory as (scary).