The headlines were harsh. As at December 2022, Elon Musk’s fortune is said to have dropped by more than $200 billion. The first person in history to suffer such a loss. In the midst of this, Sky News reported that Elon Musk emailed Tesla employees. He told them not to be bothered by the stock market’s craziness. Predicting that Tesla is expected to be the most valuable company on the planet in the long term. It is important to approach business development and economic impact as a marathon. You need to remember what truly matters. Your ability to create socioeconomic value through your everyday work.
The secret to success is patience. It may be tempting to try to achieve quick results through tactics, but it’s the long-term strategy that truly pays off. This is something that you learn the hard way. If you stick with something, even if it’s boring, you can outlast your competition. It takes time to achieve success. It can be frustrating to see your tactics fail at first, but they will eventually succeed. Tesla stock has dropped to its lowest level in more than two years. Investors are concerned about how much time Elon Musk devotes to Twitter management. However, as long as the company remains focused on providing value. You can be certain that they will recover.
The media loves to celebrate overnight successes, but it’s important to ignore that pressure. You should focus on creating something that will last for a long time. Don’t listen to critics who are only interested in the latest trends. Don’t let investors push you into tactics that may not be long-term. Instead, pay attention to your customers and stick to your vision. Building something for the long term takes time. This is the mindset with which Elon Musk is working. This is why he is unconcerned about Tesla’s market cap falling by nearly $900 billion since November 2021. He is unconcerned that the company has fallen out of the top ten most valuable companies. Everything will be fine in the long run.
