Elon Musk is now worth $167 billion. And depending on when you're watching this video, he could very well be ...
In tonight's in the factory in the factory? not technically a conference room in the factory, but yeah, you sleep in a conference room in the not finished factory tonight. Yeah, it gives me a good feel for what's going on alone or?
kidding aside, he's been doing this for years, including camping on the roof of Tesla's battery factory in the Nevada desert. And he showed CBS exactly where he slept at Tesla's manufacturing plant in Fremont, California.
I sleep on the couch last time is you're actually stepping literally on the floor because the couch is too narrow. But things get really intense. I don't have time to go home and shower and change sleep here.
Saving Time isn't the only reason he sleeps at work. It's just his style. He explains that he doesn't want to be one of those CEOs in an ivory tower far removed from the hardships his employees face on the front line. He says he wants his pain to be worse than theirs. There's no question his employees have had to endure a lot to get Tesla to where it is today. The company delivered nearly half a million cars in 2020. A stunning achievement considering it was just a month away from bankruptcy a few short years ago as a struggle to mass produce the model three in 2018. Tesla planned on producing 5000 model threes every week, but only managed about 800 a week in the first three months of that year. Frankly, we're gonna be in production hell.
Part of the problem was that Tesla relied on too much automation or too many robots too early, and any issue would cause the entire assembly line to stop. The human staff was also overworked, exhausted, and according to a report in The Guardian, even passing out on the factory floor. In response to this article, Musk said he cared deeply about the health and safety of his employees, and emphasize that Tesla's safety record had improved significantly since then. But shortly after Tesla was hit by another claim of high injury rates at the factory. So musk responded with an all staff email that's been applauded by leadership experts. He wrote, No words can express how much I care about your safety and well being. It breaks my heart when someone is injured building cars and trying their best to make Tesla successful. He went on to say he'd meet with every injured employee and would go down to the production line and perform the same tasks that they perform. It's not certain whether he actually met with every single injured person. But this hands on approach was clear evidence that he's willing to put himself at the very heart of problem solving. And sleeping in factories could go a long way toward inspiring his employees to make Tesla an overwhelming success by helping the world transition to sustainable energy. Tesla aims to produce 20 million cars a year by 2030.
That's 40 times what it produced in 2020. Only an insane amount of hard work will get Tesla there. Musk says at times he's clocked in more than 120 hours a week, a work ethic that he adopted early on when he and his brother Kimball founded their first company zip two which was like an internet version of the Yellow Pages. They only had one computer so the website ran during the day while they coded at night. They also slept at the office because they didn't have an apartment, and luckily they could shower at the YMCA. He doesn't expect his employees to camp out at work, but does expect them to spend a lot of waking hours there. During that painful production ramp up of the model three staff were working 100 hours a week. That's the equivalent of 14 hours a day seven days a week. Critics say he pushed his workers to the brink. Musk said there was no other way to meet Tesla's production targets. The company bounced back and exceeded its delivery goals in the second half of 2019. Tesla is now the most valuable car company in the world as the stock price continues to soar. Musk's rocket company SpaceX is also soaring literally as a test to prototypes of the massive starship system that plans to send people to the Moon and Mars. Even though his company's futures look bright. The CEO says it's no time to slow down. He wants explain that if someone is working 50 hours a week and you're working 100 you'll get twice as much done in the course of a year and be that much further ahead. Perhaps this mentality is the reason that on Glassdoor reviews, only 65% of Tesla employees recommend working there compared with 85% who recommend apple. That doesn't mean people don't want to be hired at Tesla. They just recognize it's a demanding place to work. As musk himself has admitted there are way easier places to work, but nobody ever changed the world on 40 hours a week. So his couch sleeping will probably continue, though he might find it somewhat more comfortable now. a YouTuber named Ben sillens started a GoFundMe to get musk a bigger couch.
A Furniture Company caught wind of it and offered one up for free. The money raised ended up going to charity. His drive may be largely responsible for his success, but we also can't discount Musk's intellect. Turns out, we can all become more intelligent. One of my favorite shows is redesigned my brain, the host undergoes a series of training programs over a few months to prove that anyone can be smarter, increase their memory capacity and reverse mental aging. My sponsor curiosity stream has it as part of their lineup. You can also watch 1000s of documentaries about space science, history, nature tech and more for only $12 for the entire year by going to curiosity stream.com slash news think the link is in my description. And be sure to use my promo code news think to get the deal.
So when do you think Tesla will be able to produce 20 million cars a year? Do you think it'll happen by 2030 earlier or later? Let me know. And if you like what you saw, as always, give it a like and don't forget to subscribe to my channel. And thank you very much to my patrons for your support. I'm Cindy pop and I'll see you next time
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