Entrepreneurs like Elon Musk have their peculiarities, and their little secrets to big success. Musk’s business motivation is so intense that he can work up to 22 hours in a day, to save Tesla from going under. This is exactly what happened during the introduction of the Tesla Model 3.
Elon Musk is fast becoming the World’s richest man, because of the bonuses built in to his CEO remuneration package. These bonuses are huge allocations of shares. And the price is now sky high in the 600s. Jeff Bezos just edges Musk out.
But back when he started his first Internet business, Musk and his brother slept in their small rented office. They showered at the nearby YMCA. There was only one computer that doubled as a server during the daytime, and was used at night by Elon Musk, for programming.
Hard work has always been the driving ethic of the Musks. In 2008, during the Global Financial Crisis, he admits he almost lost SpaceX and Tesla. The original Falcon 1 rocket kept failing. They had an important contract to meet for NASA. Musk has always put his personal money behind his work projects. Recently, he sold a number of houses so as to have more funds available to back his businesses. I believe he doesn’t own a house at the moment.
Watch the amazing, motivational video above, right through. The Star Link satellite Internet project now has 1,000 satellites up and in low Earth orbit. Australia and other nations are signing up to receive the high speed data signals. All is go.
Tesla has produced over one million electric vehicles. Later in 2021, self-driving cars will be ready for the Robot car rental business that could almost put Uber out of business.
Learn the incredibly powerful business motivation techniques employed by Elon Musk. His secret is the rate of innovation. Workers, both scientists and engineers at Tesla and SpaceX and The Boring Company, are strongly incentivized to maintain this hectic, ultra fast pace of technological innovation.
Business School Editor, Geoff Dodd, NZ
Read more about Elon’s inspiring entrepreneur ideas
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