Elon Musk controls a few companies that are all worth millions of dollars. However, since its purchase of Twitter, its focus has shifted to Twitter. This is reflected in his other businesses. While the effect of Musk’s absence at Tesla is negative, it appears his absence at SpaceX is creating a positive work environment. According to reports, Elon Musk’s SpaceX employees said they were relieved that Elon Musk is focusing on Twitter. They claim his absence has brought about a calmer work environment.
Several current and former SpaceX employees say they don’t need Musk watching them every day. They also said that since Musk took over Twitter in late October, the working atmosphere at SpaceX has become very calm. These staff also stress that Musk’s key role in SpaceX should be to set the company’s development goals. Goals like colonizing Mars or helping NASA get humans to the moon again.
There are reports that Musk is involved in running day-to-day operations at SpaceX, which may bring more work for staff members. For example, these current and former employees say that Musk has already ordered changes to the product design at will to suit his personal needs. For example, SpaceX employees are being asked to redesign technical hardware from Musk’s aesthetic point of view. It can take weeks. They also add that some of Musk’s requests are causing employees to rethink product features again.
SpaceX employees say Elon Musk can be a real pain
In December, Musk wrote on Twitter, “I will continue to manage Tesla and SpaceX, but the team there is too good, usually doesn’t need me to do it. »
While Musk is away, the day-to-day management of SpaceX is handled by chief operating officer (COO) Gwynne Shotwell. NASA Administrator Bill Nelson said Shotwell assured him that Musk’s focus on Twitter would not affect SpaceX.
Last month, Musk launched a poll on Twitter, asking fans if he should step down as CEO of Twitter, and the final results of the vote also encouraged Musk to do so. Musk said the vote would be honored. Data shows that since October 14 last year, Musk’s private jet has not flown to SpaceX’s airport near the Texas rocket launch site.
Tesla needs all the attention Musk has to offer and that is very evident in the company’s recent financials. The electric car brand is Elon Musk’s main source of cash. Tesla’s poor performance caused Musk to lose more than $200 billion, setting a new world record. Twitter is worth less than 10% of Tesla. In fact, all of Musk’s other big businesses combined don’t make up to 50% of Tesla. However, Tesla is a baby that needs a lot of attention. For the moment, Musk does not pay this attention to “his baby”.
Over the next few years, more than a dozen new electric vehicles from various brands will arrive in the United States. Additionally, Tesla is also facing multiple lawsuits, mostly related to the Autopilot self-driving system crash. Although it’s called “full self-driving”, it doesn’t actually have such a capability.
Tesla’s stock has fallen sharply in recent months since Musk announced plans to buy Twitter. This could be a sign that investors are worried. They fear Musk has too much work to do, said Harvard Business School professor Joffe. In 2018, when Tesla faced serious production problems, Musk quickly called in workers to work overtime. He also had to sleep at the factory for a few nights. Joffe believes that if Musk faces such a time now, Tesla will suffer badly.
SpaceX, Neuralink and The Boring may not need Musk as much
Compared to Tesla, SpaceX and The Boring Company may not need the physical presence of Elon Musk. At SpaceX, Musk is just CEO and chief designer, he doesn’t do serious marketing, deliveries, expansion or building new factories. The situation at SpaceX is almost the same at The Boring Company. So the regular day-to-day operations of these companies will run seamlessly without Musk. Last year, SpaceX signed a $3 billion contract with NASA. NASA will use SpaceX’s ‘Starship’ rocket to send humans to the moon around 2025. However, SpaceX must take 75 mitigation measures for Starship. This is to reduce its environmental impact. Currently, the FAA has not approved Starship for launch.
Neuralink even needs far less attention from Musk than The Boring Company and SpaceX. It is a brain-computer interface company. So all Musk has to do is tell the professionals his ideas and they work on it. The Boring Company and Neuralink were founded in 2016. The Boring made prototype tunnels in Los Angeles and Las Vegas. while Neuralink engages in advanced technology research.
Andy Wu, an assistant professor at Harvard University, believes Musk’s companies have a typical pattern. It requires big capital investments, bold bets and compelling employees. It also needs investors for a larger and more complex mission. But this acquisition of Twitter does not yet fit this model. Musk’s acquisition of Twitter did not offer a clear and inspiring engineering goal like Tesla and SpaceX.