What Is The Price Of Success?-Elon Musk

What Is The Price Of Success?-Elon Musk

08.Jun.2021


creating a company is almost like having
a child so it's sort of like
how do you say your child should not
have food so one once you have the
company you have to
feed it and nurse it even if it it ruins
you
[Music]
i think when i was i don't know five or
six or something i thought i was insane
it was just strange
[Music]
because it was clear that other people
do not
their mind wasn't exploding with ideas
it was like
hmm and strange
i don't think i don't think you'd
necessarily want to be me
it's very hard to turn it off it's like
a neverending explosion
all the time
you've said that this has been the
toughest year for you the most sort of
taxing year for you
like why 22 hours a day or like what i
mean i was just working instead seven
days a week
sleeping in the factory uh i worked
everywhere from the i worked in the i
was in the paint shop
general assembly body shop you ever
worry about yourself
imploding like just too much absolutely
no one should
put this many hours into work
this is not good and people should not
work this hard i'm not
they should not do this this is very
painful
painful in what sense it's because my
ears my brain
and my heart so it's
this is not recommended for anyone i
just did it because
if i didn't do it then tesla good chance
as i would die
i mean tesla really faced the severe uh
threat of death
uh due to the model 3 production round
essentially the company was bleeding
money like crazy and
and just if we didn't solve these
problems in a very short period of time
uh we would die and it was extremely
difficult
to solve them how close to death did you
come we are within
single budget weeks
i mean when we started tesla i thought
maybe our chance of success was 10
well i mean i can tell you my original
plan um
was i thought okay i had like 180
million dollars from
my percent my portion of the sale of of
uh paypal
and i thought you know if i invest half
of that
uh in creating these companies then i
still have the other half
which will be fine yeah but of course
that's not how it worked out
we used up all the that the you know
you've
invested 100 million then
still need more money uh and then there
was the big recession of 2008 and nine
and in the end i had to invest
everything and um i
was borrowing money from friends to pay
the rent you were
on the edge of actually and i didn't
even
i didn't think it would be easy
like i said i thought they would
probably fail
but you know like creating a company is
almost like having a child
so it's sort of like how do you say your
child should not have food
so one once you have the company you
have to feed it and nurse it
and take care of it even if it
it ruins you yeah
[Music]
but supposing there wasn't tough times
in
2008 end of 2008
how did you get through that period of
crisis
[Music]
do we just break for a second
[Music]
i think that probably
they shouldn't want to be you it i think
it sounds better than it is
not as much fun being me as you think
this definitely could be worse for sure
but it's um i i'm not sure i would
i'm not sure i want to be me
[Music]
it has actually been a very difficult
journey i have to say
my priority right now is to try to add
some more
management been strength to
tesla in particular so that
i can take a vacation and in the last 12
years i've only
tried to take a week off twice the first
time i took a week off
the orbital sciences rocket exploded and
richard branson's rocket exploded in
that same week
second time i took a week off my rocket
exploded
the lesson here is don't take a week off
well when my brother and i were starting
our first company
instead of getting an apartment we just
rented a small office
and we slept on the couch and we
we showered at the the ymca and uh 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 i sort of briefly had a girlfriend
in that period and in order to
be with me she has to sleep in the
office so
i work hard like
i mean every waking hour that's that's
the thing i would i would say
if you particularly if you're starting a
company
trying to build a company and have it
succeed is like eating glass and staring
into the abyss
i mean what tends to happen is it's sort
of quite exciting for the first several
months
of starting a company and then then
reality sets
in things don't go as well as planned
customers aren't signing up
the technology or the product isn't
working as well as you thought
and i think that can sometimes be
compounded by a recession
and it can be very very
painful for several years
when you had that third failure in a row
did you think i need to pack this in
never
why not i don't ever give up
i mean i'd have to be dead or completely
incapacitated
you know there are american heroes who
don't like this idea
neil armstrong gene cernan have both
testified
against commercial space flight in the
way that you're developing it
and i wonder what you think of that
[Music]
i was very sad to see that because those
guys are
yeah you know those guys are heroes of
mine so it's really tough
you know i i wish they would come and
visit and and see the hardware that
we're doing here
and i think that would change their mind
they inspired you to do this didn't they
yes and to see them casting stones in
your direction
it's difficult did you expect them to
cheer you on
so they're hoping they would
[Music]
but there are a lot of negative things
in the world a lot of terrible things
that are happening
all over the world all the time
uh there are lots of problems that need
to get sold..
there's lots of things that are yeah
they're miserable and kind of get you
down
but that life cannot just be about
solving
one miserable problem after another
can't that can't be the only thing they
need to be
need to be things that inspire you that
make you glad to be
to wake up in the morning and be part of
humanity
that's why we did this

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