Elon Musk is the entrepreneur behind PayPal, SpaceX, Tesla, and SolarCity. Musk’s mission with each of these companies was to save humanity.
Elon has always dreamed big. Plus, he eventually achieved many dreams people claimed he never could. From throwing massive parties to pay his way through his education at the University of Pennsylvania, to plans to create one of the first online banks. Elon has always been an innovator.

Elon Musk: An Introduction

Elon Musk’s motivations do not lie with money. He cares for humanity more than he cares about money.
<ul>
<li>These characteristics have allowed Elon to create two separate sustainable technology companies, Tesla Motors and SolarCity, that are each worth billions of dollars. Sustainability is a highly competitive industry, and without Elon’s internal drive, he probably would have failed.</li>
<li>He also has more elaborate plans for saving humanity. He states that his main goal in life is to save the human race. He wants to provide people with the opportunity to relocate to Mars before Earth is destroyed by climate change and asteroids.</li>
</ul>

Driven by the Idea of Saving Humanity

Elon Musk does not let worries consume him but instead uses them as motivation to get things done. However, this motivation can sometimes be overwhelming.
<ul>
<li>He has also become well known for setting unrealistic goals for his companies and unrealistic expectations of his employees. Subsequently, several previous employees have provided examples of the unbearable workloads and his verbal abuse.</li>
<li>Despite this, he is still respected by his employees. His clear sense of mission helps motivate them to follow his lead. They see he is successful in almost all his pursuits. He also demands unrealistic expectations of himself.</li>
</ul>

Paranoid-Like Focus

<ul>
<li>Growing up in South Africa, Elon had very few friends.</li>
<li>After his parents separated, Elon decided to live with his father. However, this decision led to a problematic young life for Elon. The Musk family has been unwilling to elaborate on how he behaved. Still, they are willing to describe him as an unpleasant man to be around.</li>
<li>As well to a difficult life at home, Elon was also bullied by his classmates because he was more intelligent than most of them. On some occasions, Elon would receive such a severe beating from the bullies that he couldn’t attend school for a week.</li>
</ul>

A Difficult Childhood

<ul>
<li>To escape from his complicated relationship with his father and the turmoils of school, Elon retreated into reading and studying. </li>
<li>Elon had the remarkable ability to memorize information photographically. Hence, he was able to read two encyclopedias and remember everything. </li>
<li>However, out of all books, The Hitchhiker’s Guide to the Galaxy was the one that had the most significant impact on him. Specifically, the book taught him that answering a question is easy, but asking the right question is much more challenging.</li>
</ul>

Saved By Books

This ethos of looking to ask the right questions led to Elon Musk considering how he could expand and improve human civilization from a young age.
For example, by high school, he already had strong opinions on solar power, moving to other planets, paperless banking, and space rockets. On top of this, during this time, Elon started to learn more about entrepreneurship. He created his own video game, Blastar, which he sold for $500 when he was just 12 years old.

Asking The Right Questions

<ul>
<li>In the 1980s, when Elon Musk was reaching college age, military service was mandatory in South Africa. However, Elon had no interest in the military. So, he decided to leave the country.</li>
<li>The US was his dream destination, but he instead opted for Canada as a starting point.</li>
<li>Elon’s first year in Canada did not go exactly to plan. He struggled for money, as he drifted between odd jobs, and he struggled to find a real home. Instead, he was moving from relative to relative for short periods at a time.</li>
</ul>

The 80s: South Africa To Canada

Elon created his first company in 1995, straight out of college. He and his brother founded the Global Link Information Network. This company would later be renamed Zip2.
<ul>
<li>The USP of this company was that they guided businesses that are struggling to understand how to set up and use the internet. Although this idea would eventually make Elon and his brother millions of dollars, they were not immediately successful. As the internet was a completely new concept, several businesses did not yet understand the value of putting their business online.</li>
<li>Elon and his brother struggled to gain traction with their new startup until a venture capital firm was impressed by Elon’s energy and drive. Mohr Davidow Ventures decided to invest in the start-up after meeting Elon. They hired Rich Sorkin as CEO of the company, moving Elon further down the business.</li>
</ul>

Musk’s First Start-Up

<ul>
<li>Zip2 saw a considerable growth opportunity when, in February 1999, PC-maker Compaq Computer offered $307 million in cash for the company. </li>
<li>Elon did not even have to think about selling his share. He already had several other projects in mind, and this money would help make those dreams a reality. Instead of sitting on the sidelines, Elon wanted to become a CEO who was heavily involved in the company’s decision making.</li>
</ul>

The Compaq Takeover

<ul>
<li>After selling Zip2, Elon Musk had started to develop a strong reputation. Hence, he was able to partner with Barclays for his next business venture, X.com. At this time, people were still very wary of the internet. People were not even willing to buy books online, as they worried about using their bank details on the internet.</li>
<li>However, Elon opened one of the first online banks, X.com, and managed to increase people’s confidence in online banking through his innovative approach.</li>
<li>X.com’s executives asked the company board if they could demote Musk as CEO. The executives succeeded, and Musk became an advisor. </li>
<li>In July 2002, the company was sold to eBay for $1.5 billion. From this, Musk received $250 million. </li>
</ul>

X.COM

Elon Musk has always had a passion for space travel. Just before PayPal was sold, Elon moved from near Silicon Valley to Los Angeles. He was fed up with Silicon Valley and wanted a new adventure.
This adventure was space travel. He moved just around the corner from the US space industry hub, where they were considering the possibility of putting life on Mars. To investigate this possibility, the Mars Society was sending mice into orbit. Although Elon was interested in this idea, he believed they could go one step further. He preferred the idea of just sending the mice straight to Mars.

Investigating Life on Mars

Before Tesla, electric cars were available but were not mainstream. Wealthy individuals would always opt for a Jaguar or Ferrari over buying an electric car. However, Tesla changed the game. They provided powerful and stylish electric cars. Elon Musk made electric cars cool.
Tesla had slow growth at first but has now become one of the world’s most successful companies. Tesla’s Model S is the most influential of Tesla’s cars, with its release in 2012 changing the way we interact with cars.

Tesla Inspired an Electric Car Future

Elon Musk unveiled the Hyperloop in 2013. The Hyperloop is a large scale pneumatic tube. These are the same tubes used to send mail around offices. However, Elon has taken this idea and applied it on a grand scale. Large versions of these tubes will be used to transport people and their cars within pods.
The innovative approach that Hyperloop adopts allows the pods to travel as fast as 800 miles per hour. If adopted on a large scale, people will travel from LA to San Francisco in just 30 minutes.

The Hyperloop

South African born Elon Musk is the renowned entrepreneur and innovator behind PayPal, SpaceX, Tesla, and SolarCity. Musk wants to save our planet; he wants to send citizens into space, to form a colony on Mars; he wants to make money while doing these things; and he wants us all to know about it. He is the real-life inspiration for the Iron Man series of films starring Robert Downey Junior. The personal tale of Musk's life comes with all the trappings one associates with a great, drama-filled story. He was a freakishly bright kid who was bullied brutally at school, and abused by his father. In the midst of these rough conditions, and the violence of apartheid South Africa, Musk still thrived academically and attended the University of Pennsylvania, where he paid his own way through school by turning his house into a club and throwing massive parties. He started a pair of huge dot-com successes, including PayPal, which eBay acquired for $1.5 billion in 2002. Musk was forced out as CEO and so began his lost years in which he decided to go it alone and baffled friends by investing his fortune in rockets and electric cars. Meanwhile Musk's marriage disintegrated as his technological obsessions took over his life ... Elon Musk is the Steve Jobs of the present and the future, and for the past twelve months, he has been shadowed by tech reporter, Ashlee Vance. Elon Musk: How the Billionaire CEO of Spacex and Tesla is Shaping our Future is an important, exciting and intelligent account of the real-life Iron Man.

Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future

Trust should be increased on Twitter as a public platform.
<ul>
<li>Twitter should be an inclusive arena for free speech. Free speech should only abide by the law.</li>
<li>We should be reluctant to delete tweets, “If in doubt, let the speech exist.”</li>
<li>There should be no behind the scenes manipulation. Not algorithmically nor manually.</li>
<li>Timeouts are better than permanent bans.</li>
<li>The Twitter algorithm should be open source and available online for people to inspect and highlight issues and suggest changes freely.</li>
</ul>

Elon Musk’s views on free speech on Twitter

The edit button could have a timeout to avoid people changing tweets after getting interaction. But, Elon Musk is "open to ideas."
Elon's most urgent priority with Twitter is eliminating scam and spam bot armies.

Twitter edit button

On the question is funding was really secured, Elon Musk stated that “the funding was indeed secured”. However, the SEC San Francisco office still pursued an active public investigation.
The banks then warned Elon that if he didn’t settle with the SEC, they would cease to provide working capital and Tesla would go bankrupt immediately. The result was that Elon was forced to admit that he lied, even though it was false, to save Tesla's life. “I was forced to concede to the SEC, unlawfully, those bastards.”

Tesla going private. Funding secured

The worst business decision ever was not to start Tesla with just JB Straubel, the visionary co-founder.
Before Elon invested, Tesla was just a shell company with no employees and no intellectual property. Martin Everhard created a false narrative that he created the company.

Elon Musks worst business decision ever

Tesla almost went bankrupt in its pursuit to automate manufacturing and achieve volume production. The problem wasn't that they overestimated how much they could automate. Instead, they had issues with almost every aspect of the Model 3 production line, from cells to packs to motors to final assembly.
Tesla is the first car startup since the 1920s that reached production without going bankrupt. Elon lived in the factories for three years. He slept on the floor so that the team who was going through a hard time could see that he didn't just sit in his ivory tower. He was in it with them.

The Tesla Model 3 challenges

Elon states that to accelerate the advent of sustainable energy, there must be scale. "We've got to transition a vast economy that is currently overly dependent on fossil fuels to a sustainable energy economy."
Energy must be sustainably generated with wind, solar, hydro, geothermal and nuclear. Then stationary storage batteries are needed since solar and wind are intermittent. This is a task for humanity, not just for Tesla, and sooner is better for the environment.

Scale is at the heart of Elon's master plan

Social cues for Elon that he has Asperger's syndrome were not so intuitive. He was very bookish. He took everything literally. As a result, he was frequently bullied and had a difficult childhood.
Elon consumed many books and movies, which helped him in time to understand things that most people intuitively understand.

Elon and Asperger's syndrome

Elon states that “we should be optimistic about the future and fight to make that optimistic future happen.” The future cannot just be about one miserable thing after another, solving one sad problem after another. There have to be things that get you excited and want to make you live. These things are important, and we should have more of them.

Looking forward to the future 

In this unedited conversation, Elon Musk -- the head of Tesla, SpaceX, Neuralink and The Boring Company -- digs into the recent news around his bid to purchase Twitter and gets honest about the biggest regret of his career, how his brain works, the future he envisions for the world and a lot more. (This conversation with head of TED Chris Anderson was recorded live at TED2022 on April 14, 2022. If you want to hear even more, head over to "The TED Interview" podcast, where Musk and Anderson sat down at the new Tesla Gigafactory in Texas to discuss some of the radical innovations he's working on -- including an intelligent humanoid robot, SpaceX's Starship and Neuralink's brain-machine interfaces.)

Elon Musk talks Twitter, Tesla and how his brain works — live at TED2022

Elon Musk is revered as one of history's greatest innovators. But what makes him so brilliant is that his genius is rooted not in an abstract complexity, but in straightforward simplicity. 
He doesn't pursue every idea or innovation that comes to mind. Rather, he fields them using his simple "innovation equation" to determine if they are indeed worth pursuing. It's a crucial step many entrepreneurs overlook, leading them into a blind pursuit of something that might be great, but not great for them.

The Innovation Equation

According to Musk, "What matters is the pace of innovation, access to resources, and raw materials." So, entrepreneurs can quickly and easily gauge whether they have what it takes to turn their wild idea into reality using this simple equation.
It breaks down into three basic questions:
<ul>
<li>How long will it take you to build?</li>
<li>Do you have access to the right resources?</li>
<li>Can you obtain the required raw materials?</li>
</ul>
For any entrepreneur, this is a critical step in the pursuit of a startup. Not only can it save you a great deal of time, money, and energy.

Having What It Takes To Turn Ideas Into Reality

Time matters, though it's not necessarily that you need to be able to build something the fastest. But you do need to be able to innovate in a timely manner.
Especially when those looking to innovate are typically those looking to innovate quickly and stay ahead of the competition. In many instances, it can be something of a race, and with immense competition across just about every field, being at the head of the pack can help you be successful.

Factor 1: Pace of innovation

With the right pace, you also need access to the right resources. This is because resources indicate your ability to innovate. Without them, an idea is simply just an idea, and pursuing something without the necessary resources will cause you to spend more time pursuing resources than innovating.
Ask yourself if you have the resources at hand (or within reach), from the right network to the right people, to be able to innovate the way you plan to.

Factor 2: Access To Resources

You need to have the physical resources, or raw materials, available to be able to innovate. Raw materials are often something that holds startups back in terms of speed.
But trouble sourcing raw materials can also be to the detriment of a startup that depends on them.

Factor 3: Raw Materials

This simple three-part lesson can save you a great deal of time, money, and energy.

Elon Musk Reveals His Innovation Equation. It's an Easy Way to Gauge If a Business Idea Is Viable

<ul><li>Although Elon musk obtained not one but two degrees he is not someone who credits his college education to his success. In fact, he feels just the opposite. He has been very vocal about his criticisms of the modern education system.</li><li>Musk attended the University of Pennsylvania and received his bachelor's degree in both economics and physics; he intended to obtain his Ph.D. from Stanford but left soon after to co-found the web software company Zip2 along with his brother.</li><li>He decided to take his education into his own hands turning instead to textbooks and individuals with specialized knowledge.</li></ul>

Taking Education Into Your Own Hands

<ul><li>One of the earliest people Elon Musk reached out to is Jim Cantrell, who worked for the French Space Agency or CNES from 1990 to 1992 and then came back to the US  where he began consulting for aerospace agencies. </li><li>Musk called him out of the blue in 2001 and asked about the possibility of sending a spacecraft to mars + building the rockets himself. </li><li>Cantrell lent him some of his textbooks about rocket propulsion fundamentals of astrodynamics and the international reference guide to space launch systems.</li><li>After reading them, Musk developed the plans for the rocket that would eventually be used by S<warningtag>paceX.</warningtag></li></ul>

Reaching Out To The Right People

Another principle that Elon Musk follows in his quest for self-education is surrounding himself with the best and the brightest people. He would strike up conversations with people who were the best in their field, acquire their knowledge and expertise through discussions, and then try to replicate that knowledge when he applied it to his endeavors.It is for this reason that he keeps a close network of industry experts some of whom he even employs. In fact, Jim Cantrell actually worked with Musk at SpaceX for a time before moving on to his own ventures.

Surrounding Yourself With The Brightest People

Elon Musk admitted in an interview that he was raised by books and then his parents. His reading history is impressive: when he was just nine years old he reportedly read the entire Encyclopedia Britannica, then moved on to almost exclusively reading science fiction novels for about 10 hours per day. Although the average person probably doesn't have 10 hours a day to dedicate to reading, some of the richest and most talented people will tell you that one of the secrets to their success is that they read constantly: take the example of  Warren Buffett, Bill Gates, Oprah Winfrey, and Mark Cuban.

Reading Habits of Successful People

What separates Musk from people who just read books is that he applies the knowledge he acquires.Musk has stated that he has two basic principles for knowledge acquisition and application: <ol><li>the first is that he reviews knowledge in his words as sort of a semantic tree; he encourages people to make sure they understand the fundamental principles.</li><li>the second principle is that it is nearly impossible to remember what you can't connect. The correct function of our brains and acquiring knowledge is not just to store random facts in order to learn. We have to practice putting that information to use.</li></ol>

Applying What You Read

How Elon Musk was able to accomplish so many things. Because Elon Musk has special methods, that's how he learned rocket science. That's how he learned anything he wanted. This is a very educational video, so don't miss it. SUBSCRIBE AND THEN IF YOU WON'T LIKE IT, OKAY YOU CAN UNSUBSCRIBE ╔═╦╗╔╦╗╔═╦═╦╦╦╦╗╔═╗ ║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣ ╠╗║╚╝║║╠╗║╚╣║║║║║═╣ ╚═╩══╩═╩═╩═╩╝╚╩═╩═╝ Elon Musk Destroys Apple https://youtu.be/MXIswmG5xyE Elon Musk: I Will Tell You All about The Aliens: https://youtu.be/d8RBC3F2kC8 Elon Musk"Stop Blaming President for Everything" https://youtu.be/LqI_JoXdCZk Why Elon Musk Fires people https://youtu.be/Q47kZwvrrdo Elon Musk - "Delete Your Facebook" https://youtu.be/HA7bhpDaQ3Q Connect with us on Social Media: Connect on Twitter: https://twitter.com/DBBusinessPage Connect on Instagram: https://www.instagram.com/dbbusinessofficial Connect on Facebook: https://www.facebook.com/DBBusiness About Business Inquiries: dbbusinessytdep@gmail.com For my channel optimization I use TubeBoddy: http://bitly.ws/9mtn For Music I use Epidemicsound: http://bitly.ws/anbV ****** For any issues, this is our email: dbbusinessytdep@gmail.com DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide, I may receive a small commission. There is no additional charge to you! Thank you for supporting this channel, so I can continue to provide you with free content each week! Copyright © DB Business 2021 #ElonMusk #Musk #howtolearnanything

How To Learn Anything, Anywhere - Elon Musk

"Well, I do think there’s a good framework for thinking. It is physics. You know, the sort of first principles reasoning. (...) What I mean by that is, boil things down to their fundamental truths and reason up from there, as opposed to reasoning by analogy.Through most of our life, we get through life by reasoning by analogy, which essentially means copying what other people do with slight variations."

<ul>
<li>First principles thinking: actively questioning every assumption you think you know about a given problem or scenario  and then creating new knowledge and solutions from scratch. </li>
<li>Reasoning by analogy: building knowledge and solving problems based on prior assumptions, beliefs and widely held ‘best practices’ approved by majority of people.</li>
</ul>

First Principle Vs. Analog Thinking

<ol>
<li>Identify and define your current assumptions: When next you’re faced with a familiar problem or challenge, write down your current assumptions about them.</li>
<li>Breakdown the problem into its fundamental principles: These fundamental principles are basically the most basic truths or elements of anything.</li>
<li>Create new solutions from scratch.</li>
</ol>

Elon Musk's 3 Steps Principle Thinking

"It is important to view knowledge as sort of semantic tree. Make sure you understand the fundamental principles, ie the trunk and big branches, before you get into the leaves/details or there is nothing for them to hang on to.”

Assumption: “I just can’t find enough time to workout and achieve my weight loss goals.”
First principles thinking:
<ul>
<li>What do you really need to reach your weight loss goal? I need to exercise more, preferably 5 days a week for an hour each time. </li>
<li>Could you still lose weight exercising less frequently, if so how? Possibly, I could try 15 minute workouts, 3 days a week. These could be quick high intensity full body workouts that will speed up my fat loss in less time.</li>
</ul>

First Principles Thinking In Action

“The person who says he knows what he thinks but cannot express it usually does not know what he thinks.”

By the age of 46 years old, Elon Musk has innovated and built three revolutionary multibillion dollar companies in completely different fields - Paypal (Financial Services), Tesla Motors (Automotive) and SpaceX (Aerospace). This list doesn't even include Solar City (Energy), which he helped build and acquired for $2.6 Billion recently.

Elon Musks' "3-Step" First Principles Thinking: How to Think and Solve Difficult Problems Like a...

When you start a company and want to do really well, you need to work super-hard.
Working hard means working every waking hour. If someone else is working 50 hours and you're working a hundred, you'll get twice as much done in the course of a year.

Work really hard

Your product or service has to be really great. Unless it's an untapped market, your product or service needs to be much better than your competitors.
It can't be a little bit better; it has to be a lot better. Consumers will always buy the trusted brand - unless there is a huge difference.

Ensure whatever you're doing is a great product or service

If you're creating a company of it you're joining a company, it is vital to attract great people. 
So, either join an amazing group that you respect or if you're building a company, gather great people. The success of the company will depend on how talented and hardworking that group is and the degree to which they are focused cohesively in a good direction.

Attract great people

Many companies spend money on things that don't really make the product better, For example, Tesla never spent money on advertising but instead puts all the money into R&D and manufacturing and design.
Consider if your efforts are resulting in a better product or service. If not, stop those efforts.

Focus on signal over noise

As you get older, your obligations increase. Once you have a family, you start taking risks not just for yourself but for your family as well. Then it gets much harder to do things that might not work out.
Now is the time to take risks. Do something bold. You won't regret it.

Now is a good time to take risk

“Starting and growing a business is as much about the innovation, drive and determination of the people who do it as it is about the product they sell”  — Elon Musk. This Video is Part 1 of Elon Musk's Five Rules How To Create a Company. ► Check Out Part 2 → https://youtu.be/Q6NnT6vpjdc ☀︎ Savanteum is on a mission to inspire the next generation of creators and innovators. ► Subscribe to Savanteum → https://www.youtube.com/savanteum?sub... Tools I Use/Recommend: TubeBuddy (great for analytics and optimization -- free to install, but upgrade needed for extra features): https://www.tubebuddy.com/savanteum Credits & Sources: In Video / Additional Sources Below Music by Whitesand - Eternity, Creative Commons License YouTube: https://www.youtube.com/channel/UCe96... Facebook: https://www.facebook.com/martynlaur Twitter: https://twitter.com/MartynLaur Soundcloud: https://soundcloud.com/martynaslau (Please Follow and Support Independent Musicians) Video Notes: Elon Musk is a is an engineer, industrial designer, technology entrepreneur, and philanthropist. He is the founder, CEO and chief engineer/designer of SpaceX; co-founder, CEO and product architect of Tesla Inc.; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI. Thank you for watching & follow us below! ====================================================== ► Follow Savanteum: Instagram: https://www.instagram.com/savanteum Website: http://savanteum.com/ ======================================================

How to Create a Company | Elon Musk's 5 Rules

Dig into this collection about Elon Musk to see how his brain works, the future he envisions for the world, and a lot more.

Inside The Mind of Elon Musk

Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future

Elon Musk talks Twitter, Tesla and how his brain works — live at TED2022

Elon Musk Reveals His Innovation Equation. It's an Easy Way to Gauge If a Business Idea Is Viable

How To Learn Anything, Anywhere - Elon Musk

Elon Musks' "3-Step" First Principles Thinking: How to Think and Solve Difficult Problems Like a...

How to Create a Company | Elon Musk's 5 Rules

It's time to

READ

LIKE

A PRO!