Elon Musk founded Tesla, SpaceX, xAI, Neuralink and other corporations and is frequently ranked among the many three richest people on the earth. But his recent conversation with one other powerful CEO shows the worth Musk needed to pay to realize wealth – and the management and considering strategies he now uses to construct successful corporations.
Musk explained to Nicolai Tangen, CEO of the $1.6 trillion Norges Bank, how he defined ultra-hard work world’s largest wealth fundon one April episode by Tangen’s Podcast, In good company.
Extremely labor happens while you “work basically every waking hour,” Musk said.
When asked how long he could do that, Musk replied that he had been doing it “continuously” for several years.
Elon Musk. Photo by Axelle/Bauer-Griffin/FilmMagic
“I did many, many stretches of 100-hour weeks where I slept about six hours a day,” Musk said. “I wouldn’t recommend that. This is for emergencies.”
Musk put in those 100-hour weeks during difficult times at Tesla and within the early days of a few of his startups, when he said he slept under his desk and worked seven days every week.
Related: “Americans simply work harder” than Europeans, says the CEO of Norges Bank, the world’s largest wealth fund
Musk also spoke on the podcast about supervising hard staff, explaining that smart people are likely to be self-managing and may work anywhere. His strategy is to stipulate a typical goal and ask them in the event that they agree with it. If they do it, they’ll do it.
When Tangen asked how Musk balanced micromanagement and delegation, he claimed that he would not call his style “micromanagement.”
“It’s just about insisting on attention to detail,” Musk said. “When you’re trying to make a perfect product, attention to detail is essential.”
Related: Elon Musk says distant staff have “Marie Antoinette vibes”
Musk’s final tactic for constructing successful corporations could also be his attitude toward his own influence.
When asked how he would love to be remembered, Musk said he doesn’t mind if his legacy is inaccurate, so long as he appears like he “did the right thing for the future of consciousness.”
Musk is the CEO of Tesla, which said this week that the corporate is on target to supply recent, more cost-effective electric cars, at the same time as revenue fell year-over-year.
Related: Elon Musk tells investors that cheaper Tesla electric cars should arrive sooner than planned
