Elon Musk admits he hates being CEO of Tesla and SpaceX

Elon Musk admits he hates being CEO of Tesla and SpaceX


In an interview with Silicon Valley Tesla Owners Club, Elon Musk admits he hates being CEO and that he would gladly give up his position to someone else. To support his argument, he describes how 2008 was a very difficult year, largely because of the failure of the launch of SpaceX and the effects of the economic crisis.

Credits: Daniel Oberhaus

“I do not want to be CEO”, admits Elon Musk during an interview given to the Silicon Valley Owners Owners Club Tesla. Surprising statement from the billionaire who runs several companies and seems to want to launch a new project every year, but he explains with his desire to be. “dealing with product issues, such as technology and design”.

However, he affirms loudly and clearly: he would leave his place to anyone who wishes. Is it because of the frequent scandals caused by his tweets? Or the pressure associated with his responsibilities? It would seem that the reason is above all – surprise – financially. Indeed, to support his argument, the billionaire recounts his early years as CEO of Tesla, and especially in 2008 which was a real one. “nightmare” for him.

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Elon Musk would relinquish his position as CEO to someone else

So Elon Musk explains that 2008 was the year of the third failure to launch a SpaceX rocket. However, the company had enough money for just three experiments. Meanwhile, the economic crisis erupted and had a lasting impact on the billionaire’s finances, which he found himself forced into $ 40 million affected by PayPal sales to reopen his business.

How about Tesla? At the time, the company’s cash flow was also in a state of disrepair, while production had not yet begun. In the end, everything will end well for Elon Musk, who explains that “like the fourth [lancement] failed, SpaceX would be destroyed of course. » If today the CEO is really optimistic, the reality looks completely different. Since last year, SpaceX has been on the verge of bankruptcy, with Tesla preparing to lay off 10,000 workers for economic reasons.

Source: ithome