Elon Musk's Speech Will Leave You SPEECHLESS | Elon Musk Motivation

Hi, I'm Elon Musk, I'm the co-founder of Tesla SpaceX, Paypal and Zip2, I certainly didn't expect to be, for any of these things to happen, honestly, yeah, you just know, I know I wanted to be involved in technology um and uh, actually. , the only reason I started a company in '95, an Internet company, was because I couldn't get it, there were only a few Internet companies and I couldn't get a job at any of them. I tried to get a job at Netscape um and uh I sent out my resume and I tried to hang out in the lobby but I was too shy to talk to anyone and then I was like, well, I guess I'll have to start a company because I can't get a job anywhere. .

You know there are American heroes who don't like this idea. Neil Armstrong. Gene Cernan. You've both testified against commercial spaceflight and the way you're developing it and I'm wondering what you think of that. It's really sad to see that because those guys yeah, you know those guys are my heroes, so it's really hard when you had that third failure in a row. Did you think I had to ever

leave

this? Why not? I never give up. Technically what I thought was good, I'll take half the money from PayPal and if I lose half that's fine, but then of course companies run into difficulties and then they have the option of letting the company die or letting them know. all. the money in the companies and I really didn't want the companies to die so I put all the money in the companies yeah and then I had to borrow money from my friends to pay living expenses and then I think the last thing I would encourage What you should do is now, is the time to take risks.

As you get older, your obligations increase. Once you have a family, you start taking risks not only for yourself but also for your family. It becomes much harder to do things that may not work. So now is the time to do it before you have those obligations, so I encourage you to take risks now and do something right. Firstly, I would say that starting a business is not for everyone you know, so in general, just get started. a business, I would say number one is having a high pain threshold, that's all, there's a friend of mine who has a good saying which is that starting a business is like eating glass and staring into the abyss, okay, that's it. which usually happens because um, when you first start a company, there's a lot of optimism and things going great and then happiness at first is high, then you run into all kinds of problems and happiness

will

constantly decrease and then you'll go through everything a world of pain.

You

will

have it if you are successful and in most cases you will not be successful and Tesla was almost not successful it was very close to failure um so if you are successful then after a long time you will finally return to happiness many times uh you know The entrepreneur is something will happen that is just a little better and it's not, it can't be just a little better, it has to be a lot better by trying different things, you have to accept some acceptance of failure, like you mentioned before. failure must be an option, if failure is not an option the result will be extremely conservative elections and you may not get something even worse than lack of innovation, things may go backwards.

You have said that this has been the most difficult year for you. Most of the years that go by for you are like why well, I mean, Tesla actually faced the serious death threat due to the Model 3 production ramp, essentially the company was bleeding money like crazy and only if we didn't solve these problems in in a very short period of time, uh, we would die, uh, and it was extremely difficult to solve them. How close to death were you? We're in single digit weeks, 22 hours a day or how many hours, yeah, seven days a week sleeping in the factory, uh, I worked every day since the I worked in the oaks in the paint shop, general assembly, body shop, do you ever worry about imploding like it's too much?

Absolutely no one should spend so many hours working, this is not good and people should not I worked so hard, no, they should not do this, this is very painful, painful, in what sense is it because my ears, my brain and my heart, so this is not recommended for anyone. I just did it because if I didn't then. Tesla, your chances would die if you try to find out what others love but you don't, it's very hard to make it great, so when you work on something, if you fall in love with it, that's a good sign and then don't worry If others do it, if you do it, others will see Apple building a car and that can be a threat to you.

Well, I would encourage more participation from whoever creates electric vehicles. It's quite difficult. Go for it, but I think companies like Apple will probably make a cool electric car. It seems that the most obvious thing is to do it well. There are plenty of failures along the way, that's for sure. Like I said for Spacex, the first three launches failed and uh, we were actually barely able to get enough parts and money together to do the fourth launch, that fourth launch had failed, we would have been dead, so multiple failures along the way, I tried really hard to Get the right experience for spacex.

I tried so hard to find a great chief engineer for the rocket, but it didn't happen, the good chief engineers didn't join and the bad ones, well, there was no point in hiring them, so I ended up being chief engineer for the rocket, so if I could We've found someone better than us, maybe we've had less than three failures. Everything you want to do, especially if you're starting a company, you need to work really hard, so what does super hard mean when my brother and I were starting our first one? company uh, instead of getting an apartment, we just rented a small office and we slept on the couch and we showered in the ymca and we're so hot that we only had one computer, so the website was up during the day uh and it was coding at night seven days a week all the time, there are times when things don't go well and then, that's pretty dispersing, so it's hard to proceed with the same level of enthusiasm, um, but, um, but I do it.

I think I think the things we're doing are very important for the future, and if we don't succeed, we'll certainly be pointed out as a reason why people shouldn't even try to make these things work. hard, I mean every waking hour, that's what I would say, especially if you're starting a company, um and I mean, if you do simple math, say something like, okay, if someone else works 50 hours and you work 100 , you'll make twice as much over the course of a year as the other company if you're in a race, um, don't worry about what the other racers are like.

If you do the wrong thing, you can train yourself to pay attention to the small details. I think almost anyone can do it, although it's a double-edged sword because then you see all the little details and then the little things drive you crazy.