How does Elon Musk run four companies at the same time?
- Tram Ho
Billionaire Elon Musk, the richest man in the world, is currently the CEO of four companies, including electric car company Tesla, space exploration startup SpaceX, neural technology company Neuralink and The Boring Company – construction company. tunnel construction. Talking about his daily business operations, Musk said he works a lot.
” Usually I meet until 1-2 am. Saturdays and Sundays usually do not meet, but sometimes, ” Musk said in a recent radio program.
Despite meeting a lot, Musk advises CEOs not to waste time on worthless meetings, not making things better, and to try to meet as little as possible.
” Too many meetings are the downside of big companies, and this gets worse over time, ” Musk said in his 2018 Tesla employee letter when it came to productivity. ” Abort regular meetings, unless it’s an extremely urgent matter .”
He said that if there is a need to meet, it is necessary to ensure that the meeting brings something of some value to the participants.
With a 24-hour schedule, to maximize his work hours, Musk usually sleeps as little as possible.
” I sleep around six o’clock every night, ” Musk said on the program. ” I used to try to sleep less, but my work efficiency decreased. But I don’t want to sleep more than 6 hours a day .”
In the past, Musk shared that he worked until 17 hours a day, even one day he slept on the floor at Tesla, according to the Wall Street Journal.
” There was a time, a few weeks … I only slept for a few hours, then worked, all week like that, ” Musk said in a November 2018 program, recalling the time. Tesla urgently boosted production of Tesla Model 3. ” Some weeks I work 120 hours (more than 17 hours / day) “.
Musk said there are times when he doesn’t leave the factory for three or four days, never goes out and doesn’t see family and friends. According to Entrepreneur, he even allows himself to stop work for a while to attend his brother’s wedding and then rush back to the Tesla factory.
Musk also admits that his work schedule is unhealthy and advises people not to follow suit.
” Nobody spends so much time working. This is not recommended for everyone ,” Musk told Axios in 2018.
However, to be fair, the “crazy” schedule has helped Musk achieve a lot of impressive results. He continually drives Tesla past its revenue and capitalization milestones. As a result, he also received rewards worth billions of dollars in the huge bonus package that Tesla gave him. In 2020, Musk opened four bonus milestones with a total value of more than $ 12 billion. With Tesla’s more and more impressive achievements, he is expected to receive even more huge bonuses this year. Musk is worth $ 195 billion and is the richest person in the world, according to the Bloomberg Billionaire Index.
Source : Genk