Stop scrolling endlessly. [music] You have big dreams and goals for this year. The Mindset app gives you the advice and the push you need. Don't wait [music] for someday. Download Mindset today. I work 7 days a week, but but I I'm not expecting others to do that. Um, >> how much sleep do you get, by the way? >> Uh, about 6 hours. >> You do 6 hours typically? >> Yes. >> Oh, that's not bad. I thought it would be less. I've tried less, but uh I uh my productivity my even though I'm awake more hours, I get less done. >> Okay. >> And and the brain pain level is bad if if I get less than 6 hours. >> When you had that third failure in a row, >> did you think I need to pack this in? >> Never. >> Why not? >> I don't ever give up. I mean, I'd have to be dead or completely incapacitated. you need to work if depending upon how well you want to do and particularly if you're starting a company, you need to work super hard. So what what does super hard mean? Um well, when my brother and I were starting our first company, uh in instead of getting an apartment, we just rented a a small office and we slept on the couch. Um and we we showered at the the YMCA and uh we're we're so hot up we had just one computer. So the this the the the website was up during the day uh and I was coding at night 7 days a week all the time sort of briefly had a girlfriend in that period and in order to be with me she have to sleep in the office. So work hard like it I mean every waking hour that's that's the the thing I would I would say if if you particularly if you're starting a company you have to apply a lot of hours to actual working actually working. So the the way I generally do it is I'll be uh [music] working at SpaceX on Monday and then Monday night flight to Bay Area. Uh spent Tuesday and Wednesday at the barrier then at at Tesla and then fly back on Wednesday night. Spent Thursday and Friday at SpaceX. um in [music] in in the last several months. Then I I would fly back here on a Saturday um and either spend Saturday and Sunday at Tesla uh or spend Saturday at Tesla and Sunday at SpaceX. I was living in the in the in the factory in Fremont um and and the one in in Nevada for 3 years straight. It was my primary residence. I I actually slept well I slept in a couch at one point on a in a tent on the roof. Um, and then but but for a while there I was just sleeping uh under my desk which is out in the open in the factory. Um, and and for an important reason [music] and it was damn uncomfortable sleeping on that floor and always when I woke up I'd smell like metal dust. So during shift change, the entire team could see me. And this is important because if they think that the the sort of their leader is is off somewhere having a good time, you know, drinking my ties on a tropical island, which I could definitely have have been doing and would much have preferred to do, but but the thing is that since the team could see me sleeping on the floor during shift change, they knew I was there and that made a huge difference and then they gave it their role. work like hell. I mean, you just have to put in, you know, 80 hour 80 to 100 hour weeks every week. That all those things improve the odds of success. If if other people are putting in 40hour work weeks and you're putting in 100hour work weeks, then even if uh you're doing the same thing, you know that in in one year you will achieve what they achieve, you you will achieve in 4 months what it takes them a year to achieve. If if you're creating a company or if you're joining a company, uh the most important thing is to uh is to attract great people. So either be with join a group that's amazing that you really respect or if you if you're building a company, you've got to gather great people. I mean all a company is is a group of people that have gathered together to create a product or service. And so depending upon how talented and hardworking that group is and the degree to which they are focused uh cohesively in in a good direction that will determine the success of the company. So do everything you can to to gather great people uh if if you're creating a company. I think a lot of people think I'm kind of a business person or something, which is fine. Like business is fine, but um like I uh but really it's, you know, it was like it's SpaceX. Uh Gwen Shotwell is chief operating officer. She kind of manages um uh legal, finance, um [music] sales, um and kind of general business activity. And then my time is almost entirely with the uh engineering team working on improving the Falcon 9 and the Dragon spacecraft and developing the MOS colonial architecture. Um and then at Tesla it's working on the Model 3 and the yeah something in the design studio typically um half a day a week um dealing with aesthetics and and uh look and feel things and and then most the rest of week is just going through engineering of of of the car itself as well as engineering of the the factory. >> What's your mission life? why you do whatever you do. >> When when I was a kid, I was wondering kind of what's the meaning of life? Like why are we here? What's it all about? And um I came to the conclusion that uh what what really matters is trying to understand the right questions to ask. And [music] the more that we can increase the scope and scale of uh human consciousness, the better we are able to ask these questions. So, so I think that there's certain things that are necessary to ensure that the future is good and [music] some of those things are in the long term having long-term sustainable transport and sustainable energy generation. um and uh to be a space fairing civilization and for humanity to be out there among the stars and be a multilanetary uh species. Um I [music] mean I think the being a multilanet species and being out there among the stars is important for uh the long-term survival of humanity and uh that's one reason kind of like life insurance for life collectively life as we know it. Um, but then the part that I find personally most motivating is that it creates a sense of adventure and it makes people excited about the future. You know, my goal is like try to do useful things, try to maximize the probability the future is good. um make the future exciting, something you look forward to, you know. You know, with uh you know, with Tesla, we're like trying to make things that people love. How many how many things can you buy that you really love that really give you joy? So rare. So rare. I wish there were more things. That's what we try to do. Just make things that somebody loves. Now is the time to take risk. U you don't have Yeah. Yeah, you don't you don't have you don't have kids, but as you as you get older, your obligations increase. So you the and once you have a family, you start taking risk, not just for yourself, but for your family as well. It gets much harder to uh do things that might not work out. Um so now is the time to do that uh before you before you have those obligations. So I would I would encourage you to take risks now. Do something bold. Um you won't regret it. If you want to do things like me, you have to like learn how to be good at technology. That's like so study engineering, physics, that kind of thing. Um, understand how the world works. Uh, and uh, and try to be as accurate as possible about that. Uh, and then like I said, also try to be creative, which means just like try [music] to think of of things that haven't been done before, but that would probably make the [music] world better. And it require I mean that's it requires a lot of mental effort to do that. It's not you know I don't just like come with stuff like willy-nilly. Um I mean occasionally but it's rare but you really have to like think until your brain hurts. That's basically [music] if you haven't thought until your brain hurts then you haven't tried hard enough. I'd encourage people to read a lot of books. Just read like basically try to ingest as much information as you can and try to also just develop a good general knowledge. Um, so so you at least have like a rough lay of the land, of the the knowledge landscape. Um, like try to learn a little about about a lot of things cuz you might not know what you're really interested. How would you know what you're really interested in if you at least aren't like doing a peripheral explor exploration broadly of the knowledge landscape and and you talk to people from different walks of life and different uh industries and professions and skills and occupations like just try you know learn as much as possible. I think um I think certainly uh being focused on something that [music] you're confident will have high value to someone else um and just being really rigorous in [music] making that assessment. Um because people are tend tend to a natural human tendency is wishful thinking. Um so a challenge for entrepreneurs is to say well what's the difference between [music] really believing in your ideals and sticking sticking to them >> versus pursuing some unrealistic dream that doesn't actually have merit [music] and it's it's that is a that is a really difficult thing to to tell you can you tell the difference between those two things you [music] know so you need to be sort of very rigorous um in in your self self analysis there are a lot of negative things in the world there's a lot of terrible things that are happening all over the world all the time. Uh there are lots of problems that need to get solved. There's lots of things that are yeah that are miserable and kind of get you down. But that life cannot just be about solving one miserable problem after another. Can't that can't be the only thing. They need to be need to be things that inspire you that make you glad to be to wake up in the morning and be part of humanity. It is time to go forth. Become a a star-fing civilization. Be out there among the stars. Expand the scope and scale of human consciousness. I I find that incredibly exciting. That makes me glad to be alive. I I hope you feel the same way. Focus on on signal over noise. Um a lot of companies get get confused. they they spend money on things that don't actually make the product better. So, for example, at at Tesla, we've we've never spent any money on advertising. Um, we we put all of the money into R&D and and manufacturing and design, try to make the car as good as possible. Um, [music] and uh I think that's that's that's the way to go. So for for any given company just can keep thinking about are these efforts that people are are expending are they resulting in a better product or service and if they're not stop those efforts >> so many young people actually from across the globe if you have an advice to them young people globally who want to be like Elon Musk what's your advice to them >> advice I mean if you want to make progress in things [music] I think that the best analytical framework for understanding the future [music] is physics. Um, I'd recommend studying the the the thinking process around physics. Like not not just not not the equations. I mean the equations certainly they're helpful but the the the way of thinking in physics is the it's the best framework for understanding things that are counterintuitive. Um and um and you know always taking the position that you're some degree wrong and your goal is to be less wrong over time. I one of the biggest mistakes people generally make and I'm guilty of it too is wishful thinking. You know like you want something to be true even if it isn't true. Um [music] and so you ignore the things that uh you you ignore the real truth because of what you want to be true. Um, this is a very difficult trap to avoid. Um, and like I said, certainly one that I find myself in having problems with. But if you just take that approach of you're always to some degree wrong and your goal is to be less wrong. Try to be useful. Um, you do things that are useful to your fellow human beings, to the world. It's very hard to be useful. Um, very hard. you know, are are you contributing more than you consume? You know, like uh try to have a positive net contribution to [music] society. I think that's the thing to aim for, you know, not not to try to be sort of a leader for just for the sake of being a leader or whatever. Um the people you want as leaders are the people who don't want to be leaders. So if you can live a useful life, that is a good life, a life worth having lived. I think um if somebody is doing something that is useful to the rest of society, I think that's a good thing. Like it doesn't have to change the world. like you know um if you're doing something that has high value to to people um and and frankly even if it's something if it's like um just a little game um or you know the some improvement in photo sharing or something if it if it has if it has a small amount of of good for a large number of people um that's I mean I think that's that's fine like stuff doesn't need to be changed [music] the world just to be good. What is the one thing that has surprised you about your life? >> Oh, one thing. Wow. Well, I certainly I'm surprised by the whole thing, honestly. [laughter] I certainly didn't expect to be to be uh for any of these things to happen. Honestly, I knew I wanted to be involved in technology. Um and uh in fact, the only reason I started a company back in '95, an internet company, was because I couldn't get a there were only a few internet companies and I couldn't get a job at any of them. I tried to get a job at at Netscape. Um, and I sent my resume and I and tried hanging out in the lobby, but I was too shy to talk to anyone. And and then I was like, "Okay, well, I guess I'll have to start a company cuz I can't get a job anywhere." I mean, we got to be excited about the future. We got to do things that make us want to live. You know, it cannot always be about problems every day. I mean, do you want to wake up every morning and everything's just a problem? Well, what what inspires you and what makes you excited about the future? There's got to be some things like that.