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Musk sold his Paypal shares for 165 million US dollars in 2002 and founded Space Exploration Technologies or SpaceX, which manufactures and develops space launch vehicles with the aim of advancing rocket technology. The company has a string of astounding successes including winning a 1.6 billion US dollars NASA contract. Musk views space exploration as part of the expansion of human life
Tesla Motors on the other hand manufacture electronic cars and electric power train systems. His efforts to produce electric cars have seen him compared with Henry Ford. He is also associated with SolarCity the largest solar power systems manufacturer in the United States. Both Tesla and SolarCity aim to reduce global warming. His philanthropic nature goes further. His Musk Foundation focuses on clean energy.
With this string of enviable achievements, there are many things we can learn from Musk including lessons in leadership. Musk says leaders must lead by example, and no task is too menial for a leader. He believes in working like hell and is known for a tenacious work ethic. His second lesson is that leaders should have a purpose. He believes leaders must develop a vision and work towards achieving it. His vision is to go to Mars. Next he believes in creativity and says without creativity innovation and progress are impossible. Collaboration and teamwork are important too, and leadership is about doing rather than telling. Musk encourages innovation and urges employees to come up with new ideas. He is a modern example of young and extremely successful innovators and entrepreneurs like Steve Jobs and Mark Zuckerberg.
He believes in being decisive as a leader and says this promotes efficiency. Strategy and action lead to results. He also advocates for adaptability and belief in change. Change will always present challenges and leaders need to be able to adapt. Musk believes in using scientific methods to assess the right people during
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As such, this paper discusses the SWOT analysis for TESLA car model X.
It can be seen that the company can capitalise on the strengths and opportunities it has to gain a competitive advantage. First and foremost, the company manufactures and offers electric cars that do
ion, it becomes evident that for one to become a successful entrepreneur, then it is a mandatory requirement that he or she is daring enough to take risks some of which are extreme that could result to loss of a large sum of money. According to Longenecker et al. (2003),
pment of the modern motor vehicle is widely believed to have begun in 1886 with the development of the Benz Patent-Motorwagen by Karl Benz, a German national. Electric powered motor vehicles made a brief appearance at the beginning of the 20th Century but disappeared again only
After his first visit to Silicon Valley, Musk started Zip2, which was a web-based city guide intended for media companies and newspaper publishers. When Compaq bought Zip2 in 1999, Musk became a multimillionaire at age 28.
l of impact on society and the workplace are echoed in the thoughts and warnings from such leading intellectuals and technologists/scientists as Elon Musk, Bill Gates and Stephen Hawking, who foresees a world where super intelligent robots will do most of our work, and will
for high-performance pure electric vehicles ensured Tesla lacked direct competition from established rivals allowing Tesla to be far much ahead of electric vehicles in the electric vehicles market (Hartung, Par. 2). The large companies are focussed on the production of
Porter’s 5 Forces Model is used to analyse the microenvironment. Resource based view of the Tesla Company indicates that in 2014, it lost $38.5 million but attained increased sales by 861%. The company values technology and research. Through the efforts of the
urthermore, the micro and macro environment along with the internal forces of the Tesla has been justified, based on the assessment of current performance of company in the marketplace. In this context, the discussion highlighted that the company remains conscious regarding the
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