From Hyperloop to Tesla batteries, from cars to SpaceX. Elon Reeve Musk is a South African-born Canadian-American business magnate, engineer, inventor and investor. He is the founder, CEO and CTO of SpaceX; co-founder, CEO and product architect of Tesla Motors; chairman of SolarCity, co-chairman of OpenAI; co-founder of Zip2; and co-founder of PayPal. The most common asked question – Is Elon Musk a scam artist?
“I have been interested in some of the ideas that Elon Musk has, so I have l been looking into his companies. I have come to the conclusion that many of them are nothing more than scams. SpaceX isn’t a real independent company considering it survives almost exclusively on government contracts. Not really that big of a deal but it not a real market company. Tesla, again it doesn’t make any money based on the sales of it cars however it makes money by selling carbon credits, again a tie to government bullshit. Then we come to Solar City, the company that “leases” solar panels to home owners via the power company. The whole business plan is to have people go door to door selling leases and then getting home owners to sign over their government rebates. It just seems like he doesn’t have any real businesses that can make money with out some form of subsidy either directly from or mandated by the government. I don’t necessarily object to having government contracts or using government subsidies, hell I do a lot of this as well, just seems like these companies shouldn’t be the darlings that they are. – source“
Only time will tell. It appears that his recent success of Tesla 3 and SpaceX rocket landing might prove skeptics wrong, maybe he is a genius entrepreneur.
When something is important enough, you do it even if the odds are not in your favor.
You want to have a future where you’re expecting things to be better, not one where you’re expecting things to be worse.
It’s ok to have your eggs in one basket, as long as you control what happens to that basket.
You have to be pretty driven to make it happen. Otherwise, you will just make yourself miserable.
The first step is to establish that something is possible then probability will occur.
It’s very important to have a feedback loop, where you’re constantly thinking about what you’ve done and how you could be doing it better.
I don’t create companies for the sake of creating companies, but to get things done.
Constantly think about how you could be doing things better. Keep questioning yourself.
Pay attention to negative feedback and solicit it, particularly from friends. hardly anyone does that, and it’s incredibly helpful.
Failure is an option here. If things are not failing, you are not innovating enough.
Persistence is very important. You should not give up unless you are forced to give up.
My motivation for all my companies has been to be involved in something that I though would have a significant impact on the world.
Great companies are built on great products.
Any product that needs a manual to work is broken.
If something is important enough you should try, even if the probable outcome is failure.
I think it is possible for ordinary people to choose to be extraordinary.
Don’t be afraid of new arenas.
I could either watch it happen or be part of it.
If you’re trying to create a company. It’s like baking a cake. You have to have all the ingredient in the right proportion.
Some people don’t like change but you need to embrace change if the alternative is disaster.