The Power of Extreme Persistence: Lessons from Elon Musk’s Near-Bankruptcies
Here is a definition for the word Tenacious:
Adjective Not readily relinquishing a position, principle, or course of action; determined.
The determination to keep going when the going gets tough is what saved SpaceX and Tesla when both were on the verge of bankruptcy.
Elon poured all of his money from the sale of PayPal into these companies so they could survive and his tenacity in doing so saved them from insolvency.
The perseverance and hard work Elon has shown in making every company he has worked with a success reminds me of this quote from Steve Jobs:
I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.
Elon met Steve Jobs once and said Steve was a jerk to him after Google co-founder Larry Page introduced him…but nonetheless Elon has praised Steve and uses Apple products like the iPhone (in combination with PC’s) to this day.
Despite the snubbing from Steve Jobs Elon seems to respect him for his tenacity and craftsmanship. Elon shared this video below where Jobs shares a Rock Tumbler metaphor. I recommend you check it out:
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