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Elon Musk founded companies such as Tesla, SpaceX, xAI, and Neuralink, and is consistently ranked among the top three richest people in the world. But in a recent conversation with another powerful CEO, we learned the price Musk had to pay for his wealth, and the management strategies and mindset he now employs to build a successful company. Strategy is shown.
Musk explained the definition of super hard work to Nicolai Tangen, CEO of the $1.6 trillion Norges Bank. The world’s largest wealth fundto April episode Tangen’s podcast, in a good company.
Super hard work occurs when you’re “basically working every waking hour,” Musk said.
When asked how long he could do that, Musk said he did it “continuously” for years at a time.
Elon Musk.Photo credit: Axel/Bauer-Griffin/FilmMagic
“I’ve been doing 100-hour stretches many times a week, and that’s about six hours a day of sleep,” Musk said. “I don’t recommend that. It’s for emergencies.”
Musk said that during difficult times at Tesla and in the early years of several startups, he put in 100 hours a week, sleeping under his desk and working seven days a week.
Related: “Americans just work harder than Europeans,” says the CEO of Norges Bank, the world’s largest wealth fund.
Musk also discussed supervising hard workers on his podcast, saying smart people tend to take care of themselves and can work anywhere. His strategy is to outline a common goal and ask if they agree with it. That way they can get it done.
When Tangen asked how Musk balances micromanagement and delegation, he insisted he wouldn’t call his style “micromanagement.”
“I’m just advocating for attention to detail,” Musk said. “Attention to detail is essential if you want to create the perfect product.”
Related: Elon Musk says remote workers have a ‘Marie Antoinette vibe’
Musk’s final strategy for building a successful company may be thinking about his influence.
When asked how he would like to be remembered, Musk said he doesn’t care if his legacy is inaccurate as long as he feels he “did the right thing for the future of consciousness.” .
Musk, CEO of Tesla, said this week that the company is on track to produce new, more affordable electric vehicles despite a year-over-year decline in sales.
Related: Elon Musk tells investors cheaper Tesla electric cars should arrive sooner than expected