SUCCESS STORY OF ELON MUSK

SUCCESS STORY OF ELON MUSK

The Successful businessman Story Of Elon Musk

Elon Reeve Musk is a business magnate, industrial designer, and engineer. He’s currently a self-made billionaire 15 times over. And at 46, he’s is the founder, CEO, CTO, and chief designer of SpaceX. He’s also the co-founder and chairman of the artificial intelligence research non-profit OpenAI. In just the last year, he started Neuralink to merge humans with machine interfaces and launched The Boring Company to dig tunnels under the ground and reduce traffic woes.

A centibillionaire, Musk is one of the wealthiest people in the world. Elon Musk is also one of the most influential men on the planet. He lives what most would see as an insanely intense life.

The Success Story Elon Musk

This is where his story started to become a success story. If someone got that much cash, he’d probably spend it on luxurious things, but Elon musk never did any such thing; in fact, he took a precarious decision. At that time, Electric cars were considered useless and had less support from the masses, but a company called Tesla wants to change it, but while they are in a bankruptcy position, Elon Musk invested $80 million in Tesla Motors and eventually became its CEO.

When he started, things weren’t going well for him and his company. The cars are very costly. TV shows like Top Gear criticized the brand, but Elon Musk never gave up and fights back. He seriously took charge of Tesla and began reforming the system. He took some bold decisions like firing some of the employees and even its co-founder and by actively participating in that company’s meetings and conferences in person.

Business planning

It was his unbeatable leadership and teamwork that made the company a car giant. Now they are manufacturing Tesla Roadster 2.0, which is the world’s fastest car ever. Now, if anyone heard the word “electric car,” chances are they are thinking of Tesla mostly like it has no opposition. Tesla is currently ruling the electric car market unanimously.

At the very beginning, SpaceX was a total disaster; they tried to launch their first rocket but failed to reach orbit three times in a row. For every failure, it costs the company and donors millions of dollars. If there had another loss, Elon Musk might lose all his money at that time. But on their fourth attempt, the project got succeeded, and Elon musk secured a deal with NASA, and the rest is history. They are the first private company to send a spacecraft to International Space Station. Elon Musk taught himself Rocket Science, as he taught himself programming at the age of 12; it’s just Rocket Science for him.

Once in an interview, he said, “My mentality is that of a samurai. I would rather commit seppuku than fail.” Legends have it that Japanese samurais never let their enemies kill them; if they lost the battle before the enemy could do anything, they took their own life. This “never give up attitude” brought him immeasurable success. Not only that, but also he is a bold leader, hard worker, and a warrior; he works 80-100 hours a week.

Pursue your passions

That Mars base is a clue to what Elon Musk believes is the key to success. Regarding Space X, his primary motivation behind setting up SpaceX was his frustration that the US space program wasn’t ambitious, and he thought that more should be done to achieve the impossible.

“You want things in the future to be better,” he told me. “You want these new exciting things that make life better.”

“I kept expecting us to advance beyond Earth and to put a person on Mars, and have a base on the moon, and have, you know, commonplace flights to orbit,” he said.

Always think big.

One of the most fantastic things about Elon Musk’s businesses is how audacious they are. He wants to revolutionize the car industry, colonize Mars, build hyperloops, integrate AI into human brains and upend the solar power and battery industries. He thinks what is unthinkable and has a habit of bringing it into reality.

There’s a common thread here. All of his projects are the kind of futuristic fantasies you’d find in a kid’s magazine in the early 1980s. Put it like this; his tunneling business is called The Boring Company. He is a man of Humour too.

Business planning

Be ready to take risks.

This one is Insane. You need to have the guts to do what he does daily, that is, take huge risks; yes, Elon Musk has taken more risks than most. By 2002 he had sold off his holdings in his first two ventures, an internet city guide called Zip2 and the online payment company PayPal. He had just entered his 30s and had almost $200m in the bank. Isn’t it insane?

You would often hear his saying that he wanted to put half his fortune into the businesses and keep the other half. Things didn’t work out like that. 

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