Elon Musk Summary: Book by Ashlee Vance

Elon Musk Book Summary

How Elon Musk become the world’s richest man, how he started Tesla, how failure has made his life better, how he learned about space and everything else have been packed in Elon Musk’s autobiography which is written by Ashlee Vance, the book is based on over 30 hours of conversation time between author Ashlee Vance and Musk himself.

Talking about myself, I have learned lots of things from Elon Musk, he has accomplished something that we have never thought of doing, so it’s always better to learn something from someone else’s life.

He has seen lots of failures whether it’s on Tesla or even SpaceX, he has said many times that he can do anything except give up and this is the reason why he is where he is…

Book Quotes

“There needs to be a reason for a grade. I’d rather play video games, write software, and read books than try and get an A if there’s no point in getting an A.”

― Ashlee Vance, Elon Musk: Inventing the Future

“Money is not his motivation, and, quite frankly, I think it just happens for him,” Justine said. “It’s just there. He knows he can generate it.”

― Ashlee Vance, Elon Musk: Inventing the Future

“There needs to be a reason for a grade. I’d rather play video games, write software, and read books than try and get an A if there’s no point in getting an A.”

― Ashlee Vance, Elon Musk: Inventing the Future

Elon Musk Summary

Elon Musk didn’t have a very simple childhood after his parents got separated, he decided to live with his father. On top of that, Elon Musk was bullied in his school and that’s the reason why he use to stay at home and read books and watch movies, one time he had read 60 books in a month which is 2 books every day for 30 days.

Here, some of you’re saying, I don’t like to read books. Hear me out, whenever add a new habit to your life, it will take some time to use it but in the end, it will depend on how hungry are you for that new change…

If you’re that person who loves to learn from someone else’s life then you love this book, Ashlee Vance author of this book has spent 30 hours with Elon Musk and he has shared Elon Musk Life in very compact.

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Lesson 1: Unite all of your work under one roof

Let’s say, you have five or ten ideas about your next business but the reality is you won’t do all of them because it’s not possible to give your 100% on every single business that’s the reason why most people don’t do multitasking…

Now what Elon Musk has done is, he has connected all of his businesses, for example,

Tesla produces batteries, which SolarCity can sell, and SolarCity makes solar panels for Tesla charging stations.

As you can see, all of his business is inter-connected, he doesn’t have to work hard for each business or he doesn’t have to take extra time to do extra work…

I have also done the same with all of my websites,

My primary website is MobileDrop which is about technology whereas my second website is about tech buying guides which means, I can write an article about ‘best mobiles phones under 20k in India’ and I can link the same on MobileDrop and the same goes for my third website too which is about wearables.

Lesson 2: Ask the Right Questions

The Hitchhiker’s Guide to the Galaxy book has made a huge impact on Elon Musk’s life and he has learned a lot from the book he has recommended this book in lots of interviews.

The book focuses on asking the right questions, it’s easy to answer the question but sometimes it’s very hard to ask the right question at right time.

By the way, I haven’t read any of Hitchhiker’s Guide to the Galaxy books, I have recently ordered 4 books, and once get and read them, I will share them with you all.

Let’s take another example,

So you want to earn money from the internet, the first question that will come to your mind is, how can I earn money online but you can also ask, ‘which are the best ways to earn money online, how much money I can make, how much time it will take to earn money online, do I need to earn from the internet’

Lesson 3: Never Give Up, if you believe in something

Failure is not the end of the world, it will come and go but in the end, it will depend on how you handle that failure.

We all know, first, two rocket launches of SpaceX did fail but he tried for the third time too, and if he had failed for the third time then it was over for him, he could have lost everything but still, he believed in himself, and now we all know, what he is doing.

No matter what you’re doing, if something is not working well then ask yourself, what I’m doing wrong and what can do to make that thing work and if you believe in that something then you will find a solution.

Timeline of Elon Musk’s Businesses

  • He founded the Global Link Information Network in 1995, which was renamed to Zip2.
  • In February of 1999, Compaq Computer offered to pay $307 million for Zip2 in cash and he sold it.
  • From the $307 million, Elon Musk bought a McLaren sports car, a condo, and a prop plane. The rest of the money went into a new internet company called X.com (now called Paypal)
  • After some time, Peter Thiel and Max Levchin come up with Paypal which was a direct competitor of X.com. This is the reason why after about two months X.com and Paypal got merged. Even after that, things didn’t work well. When Elon Musk was on a honeymoon, he was removed from CEO, and companies were re-named from X.com to Paypal.
  • In 2002, Paypal was sold to eBay for $1.5 billion. Musk’s share was $250 million. With that money, he started SpaceX in 2002. It took him 4 years to achieve the first successful launch of SpaceX which was wild but we all know where he is now, things did work out well for him
  • Elon Musk has recently said that he and J.B. Straubel was the founder of the Tesla, Martin Eberhard and Marc Tarpenning come afterwords. FYI, Elon Musk had invested $6.5 million in Tesla in the early days.
  • Elon Musk is now working in 3 businesses: SpaceX, Tesla, and SolarCity.
  • In 2022, Elon Musk unveiled the world’s largest producing factory of Lithium-ion batteries which is Gigafactory.
  • In recent events, Elon Musk has bought a 9.2% share in Twitter and he has an offer of 42 billion to acquire 100%.

Elon Musk Book Review

It’s one of those books which you should read at least one time whether you like Elon Musk or not because you will learn lots of new things from him whether it’s about life, business, or memes (pun intended).

Go grab a copy for yourself and start reading and once you finish the book, do let me know in the comments, how much you like Elon Musk after reading his book.

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