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Elon Musk's leadership played a crucial role in saving Tesla and SpaceX during their financial crises. In 2008, when both companies were on the brink of bankruptcy, Musk made calculated decisions and remained calm under pressure. For SpaceX, he secured a contract with NASA to supply the International Space Station, which provided the necessary funding. For Tesla, during a crisis in 2013, Musk was prepared to sell the company to Google. However, Tesla's sales team exceeded projections, boosting the stock and saving the company from bankruptcy.
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When Musk took over in 2008, the future of Tesla and SpaceX hung in the balance. By Musk's calculations, he only had enough money to save one company. Rather than panic, Elon was able to keep his cool long enough for SpaceX to win a contract to become NASA's official supplier for the International Space Station. Another "Tesla might go out of business" occurred again in 2013. It was so bad that Elon had a handshake deal with Google for them to buy and save Tesla. That scenario never materialized because Tesla's sales team was able to beat projections, which sent the stock through the roof.
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Elon Musk's ascension has been described by experts as the fastest bout of wealth creation in history. So how did he do it? In this book, the inventor...
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