Elon Musk Quotes on Innovation, Success and Risk-Taking

Elon Reeve Musk is an engineer, industrial designer, technology entrepreneur and philanthropist. He is the founder, CEO, CTO and chief designer of SpaceX; early investor, CEO and product architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI

Musk was born to a Canadian mother and South African father and raised in Pretoria, South Africa. He briefly attended the University of Pretoria before moving to Canada. He received his bachelor’s degree in economics from the Wharton School and a bachelor’s degree in physics from the College of Arts and Sciences. Instead of enrolling in Ph.D. at Stanford University he decided to pursue a business career . He co-founded Zip2 with his brother Kimbal, a web software company, which was acquired by Compaq for $340 million in 1999. Musk then founded X.com, an online bank. It merged with Confinity in 2000, which had launched PayPal the previous year and was subsequently bought by eBay for $1.5 billion in October 2002.

In May 2002, Musk founded SpaceX, an aerospace manufacturer and space transport services company, of which he is CEO and lead designer. He joined Tesla Motors, Inc. as an product architect, and became its CEO in October 2008. In 2006, he helped create SolarCity, (a subsidiary of Tesla). In 2015, Musk co-founded Open AI, a nonprofit research company that aims to promote friendly artificial intelligence. In July 2016, he co-founded Neuralink, a neurotechnology company focused on developing brain–computer interfaces and in December 2016, Musk founded The Boring Company, an infrastructure and tunnel construction company focused on tunnels optimized for electric vehicles.

In addition to his primary business pursuits, Musk has envisioned a high-speed transportation system known as the Hyperloop. Musk said the goals of SpaceX, Tesla, and SolarCity revolve around his vision to “change the world and help humanity”. His goals include reducing global warming through sustainable energy production and consumption and lessening the risk of human extinction by establishing a human colony on Mars. Elon Musk is also the real life inspiration behind Robert Downey Jr.‘s portrayal of Iron Man in the Marvel Cinematic Universe.

Elon Musk Quotes

“When something is important enough, you do it even if the odds are not in your favor.” – Elon Musk


“Some people don’t like change, but you need to embrace change if the alternative is disaster.”- Elon Musk


“Failure is an option here. If things are not failing, you are not innovating enough.”- Elon Musk


“The path to the CEO’s office should not be through the CFO’s office, and it should not be through the marketing department. It needs to be through engineering and design.”- Elon Musk

Elon Musk Quotes

“Persistence is very important. You should not give up unless you are forced to give up.”- Elon Musk


“I think it’s very important to have a feedback loop, where you’re constantly thinking about what you’ve done and how you could be doing it better.”- Elon Musk


“There’s a tremendous bias against taking risks. Everyone is trying to optimize their ass-covering.”- Elon Musk


“It’s OK to have your eggs in one basket as long as you control what happens to that basket.”- Elon Musk

Elon Musk Quotes

“Brand is just a perception, and perception will match reality over time. Sometimes it will be ahead, other times it will be behind. But brand is simply a collective impression some have about a product.”- Elon Musk


“I don’t think it’s a good idea to plan to sell a company.”- Elon Musk


“It is a mistake to hire huge numbers of people to get a complicated job done. Numbers will never compensate for talent in getting the right answer (two people who don’t know something are no better than one), will tend to slow down progress, and will make the task incredibly expensive.”- Elon Musk


“A company is a group organized to create a product or service, and it is only as good as its people and how excited they are about creating. I do want to recognize a ton of super-talented people. I just happen to be the face of the companies.”- Elon Musk

Elon Musk Quotes

“People work better when they know what the goal is and why. It is important that people look forward to coming to work in the morning and enjoy working.”- Elon Musk


“If you’re co-founder or CEO, you have to do all kinds of tasks you might not want to do… If you don’t do your chores, the company won’t succeed… No task is too menial.”- Elon Musk


“I say something, and then it usually happens. Maybe not on schedule, but it usually happens.”- Elon Musk


“I do think there is a lot of potential if you have a compelling product and people are willing to pay a premium for that. I think that is what Apple has shown. You can buy a much cheaper cell phone or laptop, but Apple’s product is so much better than the alternative, and people are willing to pay that premium.”- Elon Musk

Elon Musk Quotes

“I don’t spend my time pontificating about high-concept things; I spend my time solving engineering and manufacturing problems.”- Elon Musk


“I always invest my own money in the companies that I create. I don’t believe in the whole thing of just using other people’s money. I don’t think that’s right. I’m not going to ask other people to invest in something if I’m not prepared to do so myself.”- Elon Musk


“My biggest mistake is probably weighing too much on someone’s talent and not someone’s personality. I think it matters whether someone has a good heart.”- Elon Musk


“I don’t create companies for the sake of creating companies, but to get things done.”- Elon Musk

Elon Musk Quotes

“I don’t believe in process. In fact, when I interview a potential employee and he or she says that ‘it’s all about the process,’ I see that as a bad sign. The problem is that at a lot of big companies, process becomes a substitute for thinking. You’re encouraged to behave like a little gear in a complex machine. Frankly, it allows you to keep people who aren’t that smart, who aren’t that creative.”- Elon Musk


“Starting and growing a business is as much about the innovation, drive, and determination of the people behind it as the product they sell.”- Elon Musk


“The first step is to establish that something is possible; then probability will occur.”- Elon Musk


“There are really two things that have to occur in order for a new technology to be affordable to the mass market. One is you need economies of scale. The other is you need to iterate on the design. You need to go through a few versions.”- Elon Musk

Elon Musk Quotes

“Talent is extremely important. It’s like a sports team, the team that has the best individual player will often win, but then there’s a multiplier from how those players work together and the strategy they employ.”- Elon Musk


“Work like hell. I mean you just have to put in 80 to 100 hour weeks every week. This improves the odds of success. If other people are putting in 40 hour workweeks and you’re putting in 100 hour workweeks, then even if you’re doing the same thing, you know that you will achieve in four months what it takes them a year to achieve.”- Elon Musk


“I’ve actually not read any books on time management.”- Elon Musk


“I’m interested in things that change the world or that affect the future and wondrous, new technology where you see it, and you’re like, ‘Wow, how did that even happen? How is that possible?'”- Elon Musk

Elon Musk Quotes

“Really pay attention to negative feedback and solicit it, particularly from friends. Hardly anyone does that, and it’s incredibly helpful.”- Elon Musk


“If you get up in the morning and think the future is going to be better, it is a bright day. Otherwise, it’s not.”- Elon Musk


“What makes innovative thinking happen?… I think it’s really a mindset. You have to decide.”- Elon Musk


“People should pursue what they’re passionate about. That will make them happier than pretty much anything else.”- Elon Musk

Elon Musk Quotes

“Being an entrepreneur is like eating glass and staring into the abyss of death.”- Elon Musk


“I wouldn’t say I have a lack of fear. In fact, I’d like my fear emotion to be less because it’s very distracting and fries my nervous system.”- Elon Musk


“If you’re trying to create a company, it’s like baking a cake. You have to have all the ingredients in the right proportion.”- Elon Musk


“I think most of the important stuff on the Internet has been built. There will be continued innovation, for sure, but the great problems of the Internet have essentially been solved.”- Elon Musk

Elon Musk Quotes

“I think we have a duty to maintain the light of consciousness to make sure it continues into the future.”- Elon Musk


“When Henry Ford made cheap, reliable cars, people said, ‘Nah, what’s wrong with a horse?’ That was a huge bet he made, and it worked.”- Elon Musk


“When somebody has a breakthrough innovation, it is rarely one little thing. Very rarely, is it one little thing. It’s usually a whole bunch of things that collectively amount to a huge innovation.”- Elon Musk


“You shouldn’t do things differently just because they’re different. They need to be… better.”- Elon Musk

Elon Musk Quotes

“You have to say, ‘Well, why did it succeed where others did not?'”- Elon Musk


“I would just question things… It would infuriate my parents… That I wouldn’t just believe them when they said something ’cause I’d ask them why. And then I’d consider whether that response made sense given everything else I knew.”- Elon Musk


“It’s very important to like the people you work with, otherwise life and your job is gonna be quite miserable.”- Elon Musk


“We have a strict ‘no-assholes policy’ at SpaceX.”- Elon Musk

Elon Musk Quotes

“I think the best way to attract venture capital is to try and come up with a demonstration of whatever product or service it is and ideally take that as far as you can. Just see if you can sell that to real customers and start generating some momentum. The further along you can get with that, the more likely you are to get funding.”- Elon Musk


“Disruptive technology where you really have a big technology discontinuity… tends to come from new companies.”- Elon Musk


“As much as possible, avoid hiring MBAs. MBA programs don’t teach people how to create companies.”- Elon Musk

Elon Musk Quotes

“Don’t delude yourself into thinking something’s working when it’s not, or you’re gonna get fixated on a bad solution.”- Elon Musk


“If something has to be designed and invented, and you have to figure out how to ensure that the value of the thing you create is greater than the cost of the inputs, then that is probably my core skill.”- Elon Musk


“I always have optimism, but I’m realistic. It was not with the expectation of great success that I started Tesla or SpaceX… It’s just that I thought they were important enough to do anyway.”- Elon Musk

Conclusion

Don’t you think he’s kind of a badass. How does he do it? Well the only answer to this is his ability to dream and work hard against them. Elon Musk is a risk taker and an innovator who dares to dream big. His words: “I think it is possible for ordinary people to choose to be extraordinary.” -Elon Musk truly holds something we can consider in our life.

He was ranked 21st on the Forbes list of The World’s Most Powerful People, and was ranked joint-first on the Forbes list of the Most Innovative Leaders of 2019. As of July 20, 2020 his net worth was estimated at $74.2 billion and he is listed by Forbes as the 5th-richest person in the world. He is the longest tenured CEO of any automotive manufacturer globally.

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Author: Quotes HUB

Gaurav Ramani is the founder of Quotes HUB. Gaurav has been exploring India from the last 2 years traveling to different places, exploring nature, new cultures and traditions. During his engineering days, he saw a lot of people being stressed-out because of their lives and the hatred in them for others being succeeding in their lives. So he thought why not to start inspiring people that "YOU ARE THE ONLY ONE" and nobody can replace you. His mission is simply to inspire people by the successful people around them and inspire others to live their dreams.