Musk said senior executives should spend less time on finance and should focus on “just trying to make their product as amazing as possible.”
He also said that the question CEOs should ask “Is our product as amazing as it could be?” He further said that it probably isn’t and that they should think about what they could do to make it great.
Many leaders, he said, end up focusing on the bottom line, which is “barking up the wrong tree.”
During his speech, Musk made little effort to hide his disdain for MBAs. According to the CEO of Tesla, one of the biggest problems with America’s corporate world may be that “too many MBAs are running companies.”
The year is coming to an end soon and it has been a very good one for Musk. According to the Bloomberg Billionaires Index, Musk is the second richest man in the world with an estimated wealth of close to $ 150 billion. Two weeks ago, Musk beat Bill Gates to become the second richest man in the world. Musk has seen his wealth grow exponentially as Tesla’s market value has grown enormously in 2020. The electric car maker will hit $ 500 billion in valuation, which in turn has enriched Musk by quite a few billions. of dollars.
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