4.8 • 4.6K Ratings
🗓️ 4 October 2022
⏱️ 29 minutes
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0:00.0 | Hi, I'm Erica Pandy, host of this season of How It Happened. |
0:11.1 | If there's one word that describes how Elon Musk conducts himself as a leader, it's |
0:16.3 | risk. |
0:19.3 | He says it himself. |
0:21.3 | At anything which is significantly innovative is going to come with a significant risk of |
0:26.3 | failure. |
0:27.8 | The kind of groundbreaking futuristic innovation Musk has accomplished seems to demand an enormous |
0:34.6 | appetite for risk, or at least a very high tolerance for it. |
0:39.9 | I mean, if the outcome is exciting enough, then taking a big risk is worthwhile. |
0:46.4 | But Musk's evaluation of risk doesn't just have consequences for him, or even for his |
0:51.8 | investors. Because of the sheer scope of his influence in so many consequential spheres, |
0:58.8 | think transportation, space, telecommunications, when he takes a risk, he can also drag |
1:05.9 | others along for the ride. |
1:08.0 | His employees, his customers, and the people who interact with his products, willingly |
1:15.0 | or not. |
1:18.5 | This pattern has been to take the risk, take the leap, try the new thing, and learn from |
1:24.5 | failure to fix it. |
1:26.4 | He's done this with rocket launches, and with the rollout of Tesla's self-driving software. |
1:34.1 | In April, Musk said he was buying Twitter, and then tried to back out, setting up a legal |
1:40.6 | battle with the social platform. |
1:43.6 | If he loses and is forced to buy Twitter, Musk will be in control of the company. |
1:50.0 | It raises a question. |
... |
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