5 Leadership Qualities of Elon Musk that We Admire

You can become a transformational leader by following these steps:

1. Create an inspiring vision of the future.
2. Motivate people to buy into and deliver the vision.
3. Manage delivery of the vision.
4. Build ever-stronger, trust-based relationships with your people.

1. He Inspires His Team. One of the key tenets of transformational leadership is having a vision – and getting others to not only believe in it but inspired enough to help make it happen. “You have to have a very compelling goal for the company,” Musk has explained.

• Entrepreneurial Spirit.
• Passion for Innovation.
• Positive Energy.
• Strategic Direction.
• Personal Integrity/Influence.

Elon Musk is a South African-born American entrepreneur and businessman who founded X.com in 1999 (which later became PayPal), SpaceX in 2002 and Tesla Motors in 2003. Musk became a multimillionaire in his late 20s when he sold his start-up company, Zip2, to a division of Compaq Computers.

Altogether, a staggering 86% of all billionaires are richer than a year ago. Jeff Bezos is the world’s richest person for the fourth year running, worth $177 billion, up $64 billion from a year ago as a result of surging Amazon shares.

Its full year revenue climbed to $31.5 billion, up from $24.6 billion in 2019. But Tesla said its operating profit margin, a measure of how much money it makes for every dollar of sales, fell to 5.4 percent in the fourth quarter from 9.2 percent in the third quarter.

In total, Amazon has already collected more profit in the first nine months of 2020 than it did in all of 2019, when Amazon had record earnings of $11.59 billion. In the second quarter, the company reported record profit after promising to spend as much as it brought in.