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Elon Musk, CEO, Tesla Motors and SpaceX

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Leadership Insights Making possibilities work!!

Feb 19, 2018

"Failure is an option. If things are not failing, you are not innovating enough." — Elon Musk, CEO, Tesla Motors and SpaceX

An entrepreneur, business tycoon, investor, engineer and architect, Elon Musk is one of the few people who believes in investing in projects that hold the potential of changing the world. The forerunner personally participates in the designing of electric cars and spaceships at his companies. A role model to a host of budding tech-entrepreneurs, he is the CEO and CTO of SpaceX, along with holding the position of CEO for Tesla Motors.

A South African native, Musk had always been fascinated with technological innovations. At the very age of 12, the engineer’s engineer created a video game and sold it to a computer magazine. Musk has been recognised for envisioning the future through his entrepreneurial aspirations in the areas of internet, renewable energy and outer space. In all his ventures, Musk sets the bar for the rest of the industry, whether on earth or in space. With Tesla, he built affordable electric cars and moved on to triple the number of supercharger stations. To encourage auto manufacturers expand the electric car industry, he allows the use of Tesla’s technology patents. With SpaceX, already partnering with NASA, his goal has been to make trips to Mars affordable for the average person. As a leader, he foresees to establish a space colony of 80,000 on Mars by 2040.

From his first investment in internet banking to his present-day involvement in pushing forward space travel, clean energy, self-driving cars and much more, Musk has demonstrated an ability to look into the future and see its potential. Having a rather unconventional take on leadership lessons, Musk firmly believes that one should lead by example and purpose, be creative and collaborative, encourage innovation, be decisive and comfortable with change, hire carefully, set exceptionally high standards and put the right people in the right role.

The trendsetter considers to have a very compelling goal for the company—“If you put yourself in the shoes of someone who’s talented at a world level, they have to believe that there’s potential for a great outcome and believe in the leader of the company, that you’re the right guy to work with. That can be a difficult thing, especially if you’re trying to attract people from other companies!”

Noted as one of the most hard-working and intelligent CEOs in the world, Musk understands the downsides of his leadership style. A thoughtful analysis of Musk’s journey as the CEO spots some transitions in his behaviour and priorities in decision making. With an overall autocratic leadership style, he has had a strong ability to visualise the outcomes, inspire the shared vision and bring best people on board. Adding a feather to his cap is his recent announcement of the launch vehicle (BFR) that will be capable of taking people from one city to the other on Earth within an hour.

The feature compiles the leadership lessons from industry experts analyzing their journey towards success

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