ELon

Elon Musk
Prepared by: Hamza Imourabite 3103,

Celestina Chinasa Nnabuchi 3243, Artun
Miran 3294, Callixte Gatera 3113 and Yulia
Koroleva 3066
Business Psychology, MBA, 1st semester

Who is Elon Musk?
Elon Reeve Musk is a business magnate and investor.
•Founder, CEO and chief engineer of SpaceX; angel investor, CEO and product
architect of Tesla, Inc.; co-founder of Neuralink and OpenAI; president of the
Musk Foundation; and owner and CEO of Twitter, Inc.
•With an estimated net worth of around $181 billion
•Musk was born and grew up in Pretoria, South Africa. Musk has British and
Pennsylvania Dutch ancestry.His mother is Maye Musk, a model and dietitian born in
[
Saskatchewan, Canada, and raised in South Africa. His father, Errol Musk, is a South
African electromechanical engineer, pilot, sailor, consultant, and property developer,
who was a half-owner of a Zambian emerald mine near Lake Tanganyika.
Why
Elon?
➔Forbes and Bloomberg now rank him as the world's richest person, with a net worth of about $250bn - tens of
billions more than rivals such as Amazon founder Jeff Bezos.
➔Elon tends to be confident, analytical, and ambitious. Elon is likely an independent thinker focused on
solving the world's problems.
➔Within two decades, the Tesla founder has become a father of 10 children with three women. His first child was
born in 2002, and his most recent in 2021.
➔Leadership style: Musk does not make formal business plans, instead, he prefers to approach engineering
problems with an iterative design methodology and tolerance for failures.He has forced employees to adopt the
company's own jargon and launched ambitious, risky, and costly projects against his advisors'
recommendations.
Main Challenges
Rejection From Netscape And Ousted From ZIP2 :
In response to the rejection of NETSCAPE Elon created Zip2, a searchable company directory
that functioned similarly to an online phone book.
Zip2 suffered in its early years, Elon Musk was fired as CEO and given a considerably lower
position in the corporation. He did, however, assist in the removal of a subsequent CEO, Richard
Sorkin, when he did not agree with his vision or ideals for the firm.
After achieving substantial success, the entrepreneur decided to go on and work on a completely
new concept that would serve as the foundation for what is now known as PayPal.
Tesla Struggled For A Long Time Before Becoming Profitable :

In 2008 Tesla was on the verge of bankruptcy owing to a lack of funds. Surprisingly, he opted to
declare bankruptcy and utilize his own money to keep the firm afloat.
This wealth was made up of the funds ($35 million) he received from the sale of PayPal. Elon was
declared broke just two years later. Fortunately, the entrepreneur was able to survive thanks to
personal loans from friends. Tesla became profitable within a short length of time. During this
period, Musk and his team also worked long hours and slept on the production floor.
Paypal Was Voted 'The Worst Business Concept Of The Year' At First
When it was introduced as security software for the PalmPilot and other portable devices in 1999, PayPal
was chosen as the wort business idea of the year. However, Musk and co-founder Max Levchin began to
focus on developing an online wallet, which gained traction.
Indeed, when people started writing the corporation, it became evident that this wallet was being utilized to
enable eBay auctions. As a result, they abandoned the original concept in favor of an electronic wallet.
PayPal eventually received money to execute this concept, and the ﬁrm went public in 2002.
Everyone Predicted That SpaceX Would Fail

In 2008 Tesla was on the verge of bankruptcy owing to a lack of funds. Musk was in the process of
manufacturing the Model S at the time. Surprisingly, he opted to declare bankruptcy and utilize his own
money to keep the firm afloat.
Elon's Difficult Personal Life And Financial Situation

Finally, we can't deny that Musk is a divisive figure. In terms of his personal life, he has been through
some pretty trying times. After all, he had a very public and lengthy divorce with his prior marriage. He
indicated that he was in profound despair throughout this time.
Wrapping up main challenges
Despite his numerous failures, Elon Musk is not just a

genius but also a highly determined guy with a strong
desire to achieve. Tesla and Space X appears to have
a bright future. It's a tribute to his character that we
can't wait to see what the South African does next!
What kind of strength did he
have?
1- Innovative
*He builds rockets, disrupts the

automotive industry, and has his
sights set on colonizing Mars. To
say Musk is innovative would be an
understatement.
*“Most of us can’t conceive these

things working; he can’t conceive it
failing.” said Jim Cantrell, the first
engineer at SpaceX.
2- Entrepreneurial Spirit
• Embodies commitment, vision,

calculated risk-taking and capacity for
personal growth.
• Demonstrates perseverance in the face
of adversity and to overcoming obstacles.
• Has learned from disappointing
experiences.
**What’s remarkable about Musk is that

he never lets it stop him from fighting
through and progressing. He views these
as experiments that didn’t work out and
simply moves on to the next step.
3- Inspiring
*Musk is a highly-inspiring leader.

While some of his ideas are
unattainable, he has the ability to
get people excited about his
ambitions, projects, and plans.
*The thing that makes Elon Elon is

his ability to make people believe in
his vision,” said Dolly Singh, the
former HR head at SpaceX.
4. Ambitious
*You don’t become a billionaire

without a hefty dose of drive and
ambition, and Musk is no exception.
He’s known for setting
aggressive—and sometimes even
seemingly impossible—goals for his
teams and employees.
*Elon Musk quote: “I always have
optimism, but I’m realistic. It was not
with the expectation of great success
that I started Tesla or SpaceX. It’s just
that I thought they were important
enough to do anyway.”
Why Elon Musk is an interesting
leader ?
Elon Musk is a good leader because
of his leadership style.
There are 5 thoughts that are very

interesting for Elon Musk’s
leadership
These 5 thoughts which are very
interesting
for Elon Musk's leadership:
1. Stay open to new ideas
2. Don't be afraid of failure
3. Find a mentor
4. Learn to say no
5. Keep learning and stay curious
Thank you for your attention!

ELon

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Elon Musk

Prepared by: Hamza Imourabite 3103,

Business Psychology, MBA, 1st semester

Tesla Struggled For A Long Time Before Becoming Profitable :

Everyone Predicted That SpaceX Would Fail

Elon's Difficult Personal Life And Financial Situation

Despite his numerous failures, Elon Musk is not just a

*He builds rockets, disrupts the

*“Most of us can’t conceive these

• Embodies commitment, vision,

**What’s remarkable about Musk is that

*Musk is a highly-inspiring leader.

*The thing that makes Elon Elon is

*You don’t become a billionaire

There are 5 thoughts that are very

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