Elon Musk is an entrepreneur and business leader known for his visionary companies like Tesla, SpaceX, and SolarCity. The document summarizes some of Musk's leadership traits that have contributed to his success, including being self-motivated, holding high standards, having confidence in his abilities, taking intelligent risks, leading by example through long work hours, having a broad knowledge base from extensive reading, and articulating powerful revolutionary visions like developing high-speed transportation systems. The document uses examples from Musk's career to illustrate these traits.
3. ELON MUSK-TESLA
South African-born Canadian-American business
magnate, investor, engineer and inventor.
He is the founder, CEO, and CTO of SpaceX; co-
founder, CEO, and product architect of Tesla Motors;
co-founder and chairman of SolarCity; co-chairman
of OpenAI; co-founder of Zip2; and founder of X.com
which merged withPayPal of Confinity. As of June
2016, he has an estimated net worth of US$12.7
billion, making him the 83rd wealthiest person in the
world.
6. Self-motivated:
Motivated leaders desire to achieve above and beyond
expectations.
This comes from their passion, pride and desire to
become better and the motivation to do things better
than everyone else.
To succeed as a leader, you need to be motivated, and
no one else can do that for you except your self.
Nothing will work unless you do. –
Maya Angelu
7. Musk read a ton of science fiction as a child and took the ideas that mankind should try
and save the world and spread out through the universe very seriously. He was bullied
at school and unhappy at home, which made him turn inward and think of ways to
improve his life and the lot of others. “A lot of my motivation comes from me personally
looking at things that don’t work well and feeling a bit sad about how it would manifest
in the future,” he says to The Telegraph. “And if that would result in an unhappy future,
then it makes me unhappy. And so I want to fix it.”
8. Standards:
Leaders hold themselves and the people around them
to a higher standard than most, both on a personal
and professional level.
Leaders understand that in order to achieve higher
standards, they need to have strong values,
hold themselves accountable for their words/actions
and never make excuses.
Remember you’re the average of the five
people you spend the most time with.
9. Outspoken Tesla chief executive Elon Musk has poked fun at Apple,
saying his employees refer to the tech company as the “Tesla graveyard”.
Dismissing claims that Apple is poaching key members of staff from
his own firm to work on its long-rumoured self-driving car project,
Musk said: “Important engineers? They have hired people we’ve
fired. We always jokingly call Apple the ‘Tesla Graveyard’.
“If you don’t make it at Tesla, you go work at Apple. I’m not
kidding.”
Musk has incredibly high standards. He has a reputation for firing
people if they miss a deadline. So if you're meeting with him at Tesla or
SpaceX, you have to be ready.
10. As one anonymous Musk
employee shares on Quora:
When we met with Elon, we
were prepared. Because if you
weren't, he'd let you know it. If
he asked a reasonable follow up
question and you weren't
prepared with an answer, well,
good luck. You are Fired.
11. Confidence:
Confidence has to do with your inner perception of your
ability to fulfill a particular role and is built through your
experiences and dealings during your life.
To build your confidence you need to be open to new
experiences and be willing to fail or you’ll never grow and
find the strength needed to push the limits of what you’re
capable of.
You gain strength, courage and
confidence by every experience in which
you really stop to look fear in the face. -
Eleanor Roosevelt
12.
13. After 8 weeks of this interview,
Musk led the company on
another flight and this time
around everything worked
PERFECT.
As the Falcon succeeded in
launching on 4th june,2010.
SpaceX's Falcon 9 rocket lifts off
on its maiden flight from Cape
Canaveral Air Force Station in
Florida on June 4, 2010.
Credit: collectSPACE.com
14. RISK TOLERANCE
You need to identify, evaluate
and address risks so you can
positively affect the outcome
by handling that risk in the
best-suited way.
They often say, “there is now
reward, without risk.”
But smart leaders know
which risks to take and which
to guard against.
15. Elon rejected eBay's 400 million offer in 2001. Then $800 million, with
$100 million at risk. When eBay offered $1.5 billion, Elon still argued
against the deal. It might seem like a crazy decision, but Elon has obviously
learned from the previous Zip2 mistake of selling out to Compaq for $307
million. So Elon finally gave in.
What kind of logic could possibly convince Elon to say no to a $800 million
deal? Most people would've jumped for that "fuck-you" money, and lived
the rest of their lives comfortably. But not Elon, he doesn't budge and is
incredibly stubborn even when millions of dollars and the survival of the
company is at stake. That's partly why he got backstabbed by his co-
founders, they didn't share his level of risk tolerance you'll realize the level
of risk tolerance Elon has.
16. Lead by example:
Actions speak louder than words. The
people around you will notice if you are
dedicated and working hard to grow your
business.
But if you’re lazy and don’t care, your team
will note and follow suit.
Great leaders always lead by example.
Example is not the main thing in
influencing others. It is the only
thing. – Albert Schweitzer
17. Elon Musk is famous for studying a lot and working a lot. He claimed
that he works 80-100 hours a week, Since last 15 years with just 2
weeks off because of Lethal Malaria that also in 2000.
18. “Learning transfer” superpower
Starting from his early teenage years,
Musk would read two books per day in
various disciplines according to his
brother, Kimbal Musk. To put that
context, if you read one book a month,
Musk would read 60 times as many
books as you.
At first, Musk’s reading spanned
science fiction, philosophy, religion,
programming, and biographies of
scientists, engineers, and
entrepreneurs. As he got older, his
reading and career interests spread to
physics, engineering, product design,
business, technology, and energy.
This thirst for knowledge allowed him
to get exposed to a variety of subjects
he had never necessarily learned
about in school.
19. Elon Musk is also good at a very
specific type of learning that most
others aren’t even aware of —
learning transfer.
Learning transfer is taking what we
learn in one context and applying it
to another. It can be taking a kernel
of what we learn in school or in a
book and applying it to the “real
world.” It can also be taking what we
learn in one industry and applying it
to another. In the real life any of the
leader can not be a good leader
without this trait.
20. Articulate a powerful vision:
The most effective leaders have a
powerful vision, which they share,
and lay the path to achieve the
vision. They are able to influence
others to see their view.
On top of that, ordinary people have
a vision that is evolutionary, while
the greatest and most effective
leaders like Elon Musk have a vision
that is revolutionary – they know
how to leap forward, changing the
game.
21. • For example, the state of California is investing in a $68 billion
high-speed rail line between Los Angeles and San Francisco that
will take three hours traveling 200 miles per hour. The project is
already behind schedule. Elon Musk’s response to the traffic
problem is a high-speed railway known as Hyperloop, which
would transport passengers from Los Angeles to San Francisco in
30 minutes, that is 800 miles per hour. His plan will take eight
years to build at a cost of about $10 billion.