4. ACHIEVEMENTS
● CEO and product architect of Tesla
Motors, Elon revolutionised the
electric cars.
● Founder of Space Exploration
Technologies, also known as SpaceX.
● Musk unveiled a concept for a high-
speed transportation system
Hyperloop.
● Tesla acquired of SolarCity for $2.6
billion.
● In 2015 Tesla introduced Powerwall.
● In 2015 Musk announced the creation
of OpenAI.
● In 1995 he started Zip2, a web
software company that was renamed
to PayPal in 2001.
● In 2002 PayPal was acquired by eBay
for US$1.5 billion in stock, of which
Musk received US$165 million.
● In 1999 Musk co-founded X.com, an
online financial services and e-mail
payment company, with US$10 million
from the sale of Zip2.
● In 1983 he taught himself computer
programming and at age 12, sold the
code for a BASIC-based video game
he created called Blastar for
approximately US$500.
5. SUSTAINING MOTIVATION
● Here are eight books that shaped the
revolutionary entrepreneur:
1. "Structures: Or Why Things Don't Fall Down" by J.E. Gordon
2. "Benjamin Franklin: An American Life" by Walter Isaacson
3. "Einstein: His Life and Universe" by Walter Isaacson
4. "Superintelligence: Paths, Dangers, Strategies" by Nick
Bostrom
5. "Merchants of Doubt" by Erik M. Conway and Naomi
Oreskes
6. "Lord of the Flies" by William Golding
7. "Zero to One: Notes on Startups, or How to Build the Future"
by Peter Thiel
8. The "Foundation" trilogy by Isaac Asimov
6. Instill a commitment to your goals by framing them to be
about more than what’s on the surface.
Musk isn’t driven to take us to Mars just because he thinks
it’d be cool (his initial inspiration came from comics, so
that’s partially the case) but because he framed it as a
way for us to decrease our odds of extinction.
He created a larger commitment that he can’t easily back
away from.
● Frame goals to be bigger than
ourselves :
7. ● Divide the path into optimal
milestones :
Once you’ve framed an important goal, break it down into
smaller parts.
Most of our long-term goals require capabilities beyond
what we possess when we set them, and if we jump right in,
we soon find ourselves overwhelmed.
A more effective way to stay on course is by breaking a
larger goal into smaller milestones of optimal difficulty.
8. ● Embrace failure and seek negative
feedback :
Learn to utilize failure and relentlessly seek negative
feedback.
These strategies speed up the process of improvement
and increase your likelihood of success, and the better
you do, the more likely you are to want to do even better.
It’s a positive feedback cycle that fuels drive and
accomplishment. Use failure as a tool, not an outcome to
avoid.
10. Personality traits
● Never say die attitude.
● Proved that serial Entrepreneurship can bring success.
● Workaholic.
“If other people are putting in 40 hrs in a week, and you’re putting in 100, you
will achieve the target in four months, what it takes others a year to achieve.”
● Always aims for bigger picture.
● Believe in hiring fresh talent and trusts them.
● Focuses on signals and not on the noise.
● Believes in celebrating success.
“The one thing Tesla is good at is that we throw good parties. ”
● Prefers to be unique in industry.
11. Leadership Lessons
Lesson #1: Lead By Example
Lesson #2: Lead With Purpose
Lesson #3: Encourage Innovation
Lesson #4: Be Comfortable with Change
Lesson #5: Put the Right People in the Right Role
12. Entrepreneurship Lessons
Lesson #1: innovation can be deduced from anywhere
Lesson #2: Always build great products
Lesson #3: Finding the purpose bigger than yourself
Lesson #4: Set your priorities
Lesson #5: Hire selectively, work rapidly