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1. Vision: Elon Musk had a clear vision of what he wanted to achieve with Tesla - to transform the way cars are made and sold. Having a clear vision can guide an entrepreneur's decisions and strategies.
2. Risk-taking: Musk was aware of the challenges and risks involved in starting a car company, but he took the risk anyway. Entrepreneurs should be willing to take calculated risks.
3. Persistence: Despite the challenges, Musk persisted in his efforts to build Tesla. Persistence is key in overcoming obstacles in any business venture.
4. Resourcefulness: Musk was able to gather the necessary resources and know-how to build cars by the thousands. Entrepreneurs should be resourceful and proactive in gathering the resources they need for their business.
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With Tesla Motors, Musk has tried to transform the way cars are made and sold, as he built out a worldwide fuel distribution network worldwide. When Musk started up Tesla, he was well aware that Chrysler was the last successful startup in the U.S., founded in 1925. To design and build a car from the ground up is wrought with challenges, but the ability to get money and know-how to build cars by the thousands is what stunted efforts to get any new company going.
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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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