ELON MUSK

Elon Musk is no different, the fact is he went to industries that were

making no money and became nearly bankrupt while trying to make
them profitable. If he did not care so deeply about doing things that
benefited humanity or went to industries, he did not care about at all, he
would be inclined to give up a lot sooner. His passion fueled his
commitment to keep going on no matter the obstacles.
Elon Musk focuses on getting into industries where there is a lot less
competition, but being so innovative that he creates an entirely new
market. By the time others enter the industry, he is so far ahead that he
creates a virtual monopoly.
He is not afraid to take risks Elon Musk poured much of the money he
made from the sale of Zip2 and PayPal into his two new companies that
were almost certain to fail. Both of them in fact almost did during the
recession of 2008 when they were nearly bankrupt. He then poured
almost all of his personal savings worth several million dollars just to
companies afloat during the tumultuous time and had to borrow from
friends just to cover his living expenses
At the same time, Musk recommends to take major risks when you are
younger when you do not have a family to feed. Once you have a family
to feed, it is still important to take risks but the risks need to be
calculated
Apart from this, elon musk 7 August 2018 tweet
“Am considering taking Tesla private at $420. Funding
secured”
It Had created many problems for him and as well as for the company
itself. At first, he was forced out as Tesla chairman, Company had to
paid $20 million fine. Musk also had to bought $20million in Tesla stock
to essentially make up for the fine. Musk also agreed to have his tweets
reviewed by tesla’s in-house council.
Musk has since clarified that he has had conversations with Saudi
Arabia’s sovereign wealth fund that led him to believe funding was if
not secured-secured, then at least a likely outcome. But the fall out of all
the online garbs is a reminder for Musk, or should be anyway, that he
needs to remain more vigilant about the way online life can bleed into
the real world.