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Innovate Like Elon Musk: Easily Participate in Innovation with Guidelines from Tesla and SpaceX: A Simple Understanding of First Principle Thinking and Vertical Integration

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Tiisetso Maloma

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“I see Elon Musk as a combination of Henry Ford, Thomas Edison, and Steve Jobs, of our time. In his entrepreneurial pursuits, he has played the role of a programmer, industrial designer, product architect, mechanical engineer and physicist.”

Elon MuskSteve JobsThomas Edison
Book:Innovate Like Elon Musk: Easily Participate in Innovation with Guidelines from Tesla and SpaceX: A Simple Understanding of First Principle Thinking and Vertical Integration
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“Elon Musk is a synthesizer of engineers. He has brilliantly played human resource and hired amazing engineers to create ‘material-discovery-novelty to proprietary-novelty’ innovations.”

InnovationElon Musk
Book:Innovate Like Elon Musk: Easily Participate in Innovation with Guidelines from Tesla and SpaceX: A Simple Understanding of First Principle Thinking and Vertical Integration
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“It is worth noting that Elon Musk enjoys certain privileges that may not be available to everyone. For instance, he is situated in the United States, which is a developed country with a large population of over 300 million people, and where funding opportunities are relatively more abundant. His previous entrepreneurial successes have also placed him in favourable positions to secure funding for his ambitious projects.”

EntrepreneurEntrepreneurshipElon Musk
Book:Innovate Like Elon Musk: Easily Participate in Innovation with Guidelines from Tesla and SpaceX: A Simple Understanding of First Principle Thinking and Vertical Integration
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“Despite Elon Musks’ privileges and advantages, I believe that his approach to innovation is adaptable and can be replicated to varying degrees.”

Elon Musk
Book:Innovate Like Elon Musk: Easily Participate in Innovation with Guidelines from Tesla and SpaceX: A Simple Understanding of First Principle Thinking and Vertical Integration
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“Elon Musk calculated that by producing about 80% of their hardware in-house for SpaceX, they could cut the cost of launching for customers and still enjoy a 70% gross margin.”

InnovationElon MuskSpacex
Book:Innovate Like Elon Musk: Easily Participate in Innovation with Guidelines from Tesla and SpaceX: A Simple Understanding of First Principle Thinking and Vertical Integration
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“One of the most notable innovations of SpaceX is the creation and engineering of reusable rockets. Prior to this innovation, once a rocket was used, it was done with, resulting in significant financial loss.”

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Book:Innovate Like Elon Musk: Easily Participate in Innovation with Guidelines from Tesla and SpaceX: A Simple Understanding of First Principle Thinking and Vertical Integration
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