Elon Musk Struggles to Manage Multiple Jobs, Admits Difficulty in Switching Context
In what may come as a shock to nobody, Elon Musk has admitted that managing multiple multi-billion dollar companies is difficult and time-consuming. The CEO of Tesla (which recently saw its stock prices fall by more than half) and SpaceX revealed his scheduling issues during an interview at The Wall Street Journal’s CEO Council Summit.
While some executives might outsource their calendar work to a chief of staff or executive assistant, the billionaire entrepreneur said he does most of his own scheduling. He has only one part-time assistant for help and says it’s impossible for anyone else to know the priorities when running massive publicly-traded companies!
The Life of Elon Musk – Half Twitter Day, Half SpaceX Day
Musk talked about trying to manage his schedule so it’s predominantly one company per day but fails miserably at this task almost every other day! With his current acquisition of Twitter last year costing him $44 billion with even advertisers fleeing or temporarily suspending their campaigns on Twitter which forced Musk himself as CEO there; means that some days are dedicated fully towards handling Tweets all around while others could be split among Tesla Motors (his Electric luxury car brand) & SpaceX(to infinity)! How can someone possibly juggle multiple roles?
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It’s clear that the tech entrepreneur needs assistance in managing his massive workload. However, Musk insists on doing everything himself as he believes no one else can prioritize tasks like him.
A Succession Plan for Elon-Musk Empire
Musk is fully aware that succession planning is necessary and tough at the same time with so many businesses sprawling under his umbrella empire. He says he has informed all of his boards about who is most likely to succeed him should a worst-case scenario arrive (No this will not involve space travel).
The billionaire has faced political pressure over controversial related-parties transactions or allowing employees from different companies to work together on various ventures such as Twitter transition team which gave birth to Twitter Spaces (audio chat feature inspired by Clubhouse); however, it’s quite unsure whether those relationships are paying off dividends for each company involved.
Vowing To Create a Rival AI System Against Old Collaborators – Could it Be Sabotage?
In typical Musk fashion, he announced plans to create an AI system named ‘X.ai.’ This new project seems aimed directly at competing against OpenAI and Microsoft following their recent partnership announcement regarding OpenAI’s acquisition by Microsoft-a move swiftly criticized by Musk himself.
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Musk noted that he is creating X.ai to help compete with OpenAI. With his IPO on the horizon, there has been speculation as to whether or not it won’t take too long before Microsoft buys out Elon’s new venture but only time will tell!
The Final Verdict: Working for an Iconic Leader Might just be too Painful?
In all honesty, we may never fully understand the scope of stress and hard work required in managing huge ventures like Tesla and SpaceX by a single person; however, Elon Musk’s track record so far isn’t looking great. Coupled with public relations disasters such as directing missiles at Mars (oh wait – was that South Africa…), attending red carpet events while laying off employees or smoking weed on Joe Rogan’s podcast during business hours – maybe the man himself needs some relaxation from his multi-billion dollar journey.
Apart from funding scientific researches like Neuralink designed to merge human brains with Artificial Intelligence followed by launching electric cars into space powered by rocketry tech developed in parallel); one thing is pretty clear that It would be nice to see Elon Musk find an executive assistant or two, hire more talent across all businesses and take a well-deserved break that his relentless work ethic never seems to allow him.