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The South African-born entrepreneur admitted that he worked “to the edge of sanity” for the electric vehicle manufacturer and aerospace transportation company SpaceX.
And he recalled a 30-minute meeting where says he “improved the financial outcome” of the company by $100m.
“The thing that does make sleeping difficult is that, every good hour or even minute of thinking about Tesla and SpaceX has such a big effect on the company that I really try to work as much as possible you know, to the edge of sanity basically,” he told head of TED Chris Anderson in a new interview.
“Tesla is getting to the point where, or probably will get to the point later this year, that every good, every high quality minute of thinking is a $1m dollar impact on Tesla, which is insane.”
“If Tesla is doing $2bn a week in revenue, that’s $300m a day, seven days a week. There are many instances where a half hour meeting, where I was able to improve the financial outcome of the company by $100m in a half hour meeting.”
Elon Musk: "The thing that does make sleeping difficult; I really try to work as much as possible, to the edge of sanity basically. Tesla is getting to the point where every high quality minute of thinking is a $1 million dollar impact on Tesla, which is insane." @elonmusk
— Sawyer Merritt 📈🚀 (@SawyerMerritt) April 18, 2022
Mr Musk, who last week launched a stunning $43bn bid to buy Telsa, addressed his position as the world’s richest person with a reported personal fortune of $251bn.
“It would be very problematic if I was consuming billions of dollars a year in personal consumption but that is not the case,” he said.
“In fact I don’t even own a home right now. I’m literally staying at friends’ places. I don’t have a yacht. I don’t really take vacations, so it’s not as if my personal consumption is high.
“The one exception is the plane, but if I don’t use the plane then I have less hours to work.”