Manufacturing Magazine - October 2021 | Page 19

Elon Musk ’ s Six Secrets to Business Success

“ Some people don ' t like change , but you need to embrace change if the alternative is disaster ”

Elon Musk ’ s Six Secrets to Business Success

1 . It isn ’ t about money 2 . Pursue your passions 3 . Don ’ t be afraid to think big 4 . Be ready to take risks 5 . Ignore the critics 6 . Enjoy yourself Source : BBC the company ' s commitment to furthering electric vehicle adoption . " Tesla Motors was created to accelerate the advent of sustainable transport . If we clear a path to the creation of compelling electric vehicles , but then lay intellectual property landmines behind us to inhibit others , we are acting in a manner contrary to that goal [...] Tesla will not initiate patent lawsuits against anyone who , in good faith , wants to use our technology ,” said Musk .
The same year , Tesla laid the foundations for its first gigafactory in Nevada . Seven years on , the company is starting to construct its fifth factory . In 2015 , Tesla Motors launched Powerwall , a battery storage solution , signifying its transition to an energy innovation company , not just an automotive company . The company also unveiled its self-driving and selfparking software - Autopilot .
Between 2016 and 2017 , Tesla laid down the second part of its master plan focusing on solar roofs ; more affordable vehicles ; self-driving technology that is 10 times safer than manual driving ; and a car sharing program . The company also delved deeper into automation technology , and officially changed its name from Tesla Motors to Tesla , signaling a new era of being an energy company .
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