I think a lot of people think I must spend a lot of time with media or on business II things, but actually, almost almost all my time, like 80 % of it, is spent on engineering design. What’s that belief nation? It’s Evan.
My one word is believe and I believe in you. I believe you have an amazing gift inside you that I want to see explode out onto the world now I started the meant to me series to try to hang around people who ‘
Ve done a lot more than us, and hopefully, by spending a little more time with them, hopefully some of their beliefs, their mindset, their thoughts have some seep into us to help us become the best version of ourselves.
So today we’re gonna learn from one of the best Elon Musk and how he lives his crazy schedule. Mentor me Elon, [, Music, ], you, okay, so you’re running you’re CEO of two companies. You’re chairman of SolarCity talk about time management.
How on earth do you do this? Well, you get any sleep. Oh yeah, sometimes not enough! So you guys it’s really great, because because, if you find, if I don’t get enough sleep, then I’m. I’m, quite grumpy, I mean obviously I think most people that way and and and also I can try to sort of figure out what’s.
The right amount of sleep, because I I thought I could have, though I could drop below a certain threshold of sleep. And although I’d, be awake more hours and I could sustain it, I would get less done because my mental acuity would be affected.
So I found generally, the right number for me is around six to six and a half hours on average per night, that’s, not too bad yeah and any other tips on average that any other tips on just managing to run two companies simultaneously.
I mean do you do you find? I mean, I know you’re up here on Monday Tuesday. Is it all Tesla when you’re up in Silicon Valley and all SpaceX Wednesday Thursday? It’s. Having a sort of service with us having a smartphone is incredibly helpful because that means you can do email during interstitial periods.
Like you’re in a car, you’re walking in the bathroom everywhere. You can do email practically when you’re, awake and and so that’s, really helpful to have email for SpaceX and Tesla integrated on my phone and then and they then it’s.
Just you have to apply a lot of hours to actual working, actually working. So the way I generally do it is. I’ll, be working at SpaceX on Monday and then Monday night flight to Bay Area spent Tuesday and Wednesday at the Bay Area.
Then that at Tesla and then fly back on Wednesday night spend Thursday and Friday at SpaceX in in the last several months. Then I would fly back here on a Saturday and either spend Saturday and Sunday Tesla or spend Saturday at Tesla and Sunday at SpaceX, and where did the boy is fit in? You have five sons yeah.
So did we tag along with dad on some of these boots? I do drag them along and a lot of things. Actually, they’re remarkably unimpressed by, I think, certainly being focused on something that you’re. Confident will have high value to someone else and just being really rigorous in making that assessment, because people are attend tend to natural human tendency is wishful thinking.
So a challenge for entrepreneurs is to say well what’s? The difference between really believing in your ideals and sticking sticking to them versus pursuing some unrealistic dream that doesn’t actually have merit and it’s.
It’s. That is it. That is a really difficult thing to to tell you. Can you tell the difference between those two things I know, so you need to be sort of very rigorous in your self self analysis. I think, certainly extremely tenacious and and then just work like hell.
I mean you just have to put in you know 80 hour. If you don’t hurt our weeks every week and then matter like that. All those things improve the odds of success. Okay, I mean, if other people are putting in 40-hour work weeks and you’re, putting in 100 hour work weeks, then, even if you’re doing the same thing.
You know that in in one year you will achieve what that she, you you will achieve in four months what it takes them a year to achieve. When my brother and I was studying our first company instead of getting an apartment, we just rented us a small office and we slept on the couch and we showered at the YMCA and we’re.
So hot up we had just one computer. So the the website was up during the day and I was coding at night seven days a week all the time and I sort of briefly had a gopher in that period and in order to be with me, she have to sleep in the office.
So I work hard like it mean every waking hour that’s, that’s. The thing I would, I would say if you’re, particularly if you’re starting a company, and I mean, if you do simple math, to say like okay, if somebody else is working 50 hours, when you’re working 100, you’ll, get twice as done as much done in the course of a year as as the other company.
So one of the I think, most common questions I hear young people and bishops young people ask is I want to be the next Elon Musk? How do I do that? Obviously the next Elon Musk will work on very different things than than you did, but what have you done, or what did you do when you were younger that you think sort of set you up to have a big impact? Well, I think, first of all I should say that I do not expect to be involved in all these things, so the the the the five things that I thought about the time in in college quite a long time ago, 25 years ago, you know, being you Know making life multiplanetary selling, accelerating the transition to sustainable energy, the the Internet, broadly speaking and and then genetics and AI, I think I didn’t expect to be involved in in in all of those things I actually at the time in college.
I sort of thought helping with electrification of cars, which was how we start out and that’s, that’s. Actually, what I worked on as an intern was an advanced ultracapacitors with to see think there would be a breakthrough relative to batteries for energy storage and in cars, and then, when I came out to go to Stanford that’s.
What I was going to be doing my grad studies on is: it was working on her best at energy storage technologies for electric cars, and I put that on hold to start an Internet company hit in 95, because that didn’t seem to be Like a time for particular technologies, when they were at a steep point in the inflection code and and I didn’t want to, you know, do a PhD at Stanford and then and what sure will happen and then and I wasn’T entirely certain that the technology I’d, be working on, would actually succeed.
I can get you can get a you know, doctrine on many things that ultimately are not do not have practical bearing on the world, and I wanted to you know just I really was just trying to be useful. That’s.
The optimization I was like what are what can I do? That would actually be useful. Do you think people that want to be useful today should get PhDs um, mostly not so what what is the best? Some yes, but mostly not? How should someone figure out how they can be most useful or whatever? This thing is that you’re trying to create what would what would be the utility Delta compared to the current state-of-the-art times? How many people it would affect so that’s? Why? I think, having something that has a that’s, that has a makes, makes a big difference, but effects a sort of small to moderate number of people is great, as is something that makes even a small difference, but but affects a vast number of People like the area yeah on you know under the yeah, exactly I don’t know.
Every one of the curve is would actually be roughly similar for those two things. So it’s, actually really about yeah. Just trying to be useful and manner when you’re trying to estimate probability of success, so you say something will be really useful, then area under the curve.
I guess to use the example of SpaceX mmm-hmm when you made the go decision that you’re, actually gonna do that this was kind of a very crazy thing at the time very crazy. There Rosie yeah, I’m – not shy about saying that, but I kind of regret.
I agreed with them that it was quite crazy crazy if, if the objective was to achieve the best risk, adjusted return sliding our company is insane, but that was not. That was not my objective. We try to a be personally, which is a very open plan to maximize communication and make it sort of fairly nice-looking.
This place used to be quite dismal, that’s my office over there. Actually, we really try to minimize the number of offices that we have because doors limit communication – everyone company, with the exception of a few people – are like our finance, actually RQ statistical area where people can meet and an absolute impromptu.
Your meeting must be also very open. I think it’s actually quite helpful to have this openness, because then you can sort of see what people are working on their computers. Now I’ve got a really special Elon Musk bonus clip on how to use your time.
The best way possible, but before that I want you to make a commitment of the day you just watch this video don’t just watch another video make it have an impact and a meaning in your life. I want you to commit to making a change somehow to your life or to your business after watching this video.
What are you committing to changing? Leave it down the comments below I’m, really curious to find out. Thank you guys so much for watching, I believe in you. I hope you continue to believe in yourself and whatever your one word is much love.
I’ll, see you soon and enjoy the bonus clip. How do you spend your days now like? What do you allocate most of your time to my time is mostly split? What’s between SpaceX and Tesla, and of course I I try to spend it’s a part of every week at open AI, so I spend most.
I spend basically half a day at opening I most weeks and then and then I have some opening I stuff that happens during the week, but other than that it’s really enjoy sex or Tesla like what is your time? Look like there.
Yes, it’s, a good question. I think a lot of people think I must spend a lot of time with media or on business II things, but actually, almost almost all my time, like 80 % of it, is spent on engineering design in engineering and design.
So it’s. Developing next generation product at that’s, 80 % of it. You probably remember this a very long time ago, many many years you took me on a tour of SpaceX and the most impressive thing was that you knew every detail of the rocket and every piece of engineering that went into it.
I don’t. Think many people get that about you yeah. I think a lot of people think I’m kind of a business person or something it just fine. I, like business, is fine, but a guy that really eats you know it was like it.
Spacex Gwynne Shotwell was chief operating officer. She kind of manages legal finance, sales and kind of general business activity and then my time is almost entirely with the engineering team working on improving that the Falcon 9 and the Dragon spacecraft and developing the most colonial architecture.
I mean that Tesla, it’s, working on the model 3 and some in the design studio took a half a day a week, dealing with the aesthetics and and look and feel things and, and then most of our week is just going through engineering Of the car itself, as well as engineering of the the factory raise your standard Apple at the core.
Its core value is that we believe that people, your passion, can change the way. People, not one drop of myself. Work depends on your that’s. Supposed to mean I don’t ever give up, I’d, have to be dead or completely incapacitated, hey believe nation.
If you want to see my all-time favorite top ten most of success, I have a very special secret video for you. These are the individual clips that I have personally learned the most from and applied to my life and my business check the link in description for details.