(Image source: Photo.com)
On April 29, Tesla CEO Elon Musk suddenly appeared in Beijing, and his visit to China was like a whirlwind, with the whole journey taking less than 24 hours. Although short-lived, the results of Musk's trip were remarkable, with Tesla's stock price soaring 15% on the 29th.
Musk's visit to China is not the first time, as he completed a visit to China in just 44 hours in May last year.
Musk, 52, is known for his efficient and forward-thinking way of working. In addition to managing Tesla, the world's leading electric vehicle manufacturer, he also leads six companies in different sectors, including SpaceX, X, xAI, Neuralink, and the Boring Company. Tesla alone has more than 140,000 employees. So much so that people worry about whether Musk is staying away from Tesla's day-to-day management, with a former Tesla manager describing Musk as a "pigeon CEO": "He came, on us, and then left." ”
Musk is a true workaholic, allegedly working more than 100 hours a week and more than 14 hours almost every day. In order to effectively manage the company at hand, he has developed a schedule to focus on the affairs of one company every day. This ability to use two or even three purposes is what makes Musk's time management unique. Whether it's in meetings, checking invoices, or even spending time with his children, he finds time to take care of other companies' business.
Earlier, when facing the pressure of two companies on the verge of bankruptcy, Musk once said something like this: "If others work 40 hours a week, I work 100 hours." In this way, in 4 months, you can do what others can do in a year.
Although Musk's focus is scattered across multiple companies, he still focuses most of his efforts on the two most important companies, Tesla and SpaceX. According to statistics, he works an average of 42 hours a week at Tesla and 40 hours at SpaceX. His schedule is as fine as a five-minute cut, dividing the day into hundreds of "time sugar cubes" to ensure that every minute is used efficiently.
Whenever he is awake, Musk will arrange his schedule in 5-minute units, and netizens said that Musk is the real "master of time management".
Looking back at Tesla's business, it is in a strong position in the field of electric vehicles, autonomous driving, humanoid robots and other industries.
The Tesla brand dominates the U.S. electric vehicle market
In terms of market share, Tesla took the lead in the U.S. electric vehicle market with a market share of 63% in 2020. From January to May 2021, Tesla's market share in the U.S. electric vehicle market declined to 51%.
Tesla is a strong performer in the humanoid robot industry
Combining the technical strength and mass production costs of global humanoid robot companies, Tesla in the United States has performed strongly.
At present, Tesla's humanoid robot commercial layout is relatively leading. Tesla's humanoid robot is the result of the company's highly developed research and development, and has been listed as the company's highest priority project. As of August 2023, Tesla has successfully built at least five prototypes of the Optimus robot, which not only have the ability to walk, but also use motors, controllers, and electronics that are entirely designed and manufactured by Tesla. It is predicted that the Optimus humanoid robot is expected to achieve large-scale mass production in the future, and the output is expected to reach the order of "millions", while its single cost is expected to be controlled below 20,000 US dollars, which will undoubtedly lay a solid foundation for the popularization and application of humanoid robots.
In the connected car industry, Tesla entered the top 10 list for the first time
As consumers become more concerned about car connectivity, shipments of non-connected cars are steadily declining. According to Counterpoint Research, Volkswagen is particularly strong in the global connected car sales market, topping the list with a market share of 11.7%. It was followed by Toyota and General Motors. Together, these five automotive groups accounted for nearly half of the connected car market sold in 2022. Notably, Tesla also made it into the top 10 in this area for the first time, demonstrating its strong momentum in connected car technology.
Tesla is the leading VPP in the United States
The VPP (Virtual Power Plant) market in the U.S. has formed a pattern of one super-three, and each company has its own unique focus and development strategy. Among them, Tesla, as a leading VPP company in the United States, has been deeply involved in the California market and has successfully integrated and optimized two types of VPP, home battery and industrial power generation, through the use of machine learning technology.
Daniel Ives, an analyst at Wedbush, said that the core goal of Musk's visit to China is to promote the implementation of FSD (fully self-driving) software in the Chinese market. "Tesla's long-term valuation revolves around FSD and automation technology, and Tesla's ability to provide FSD in China is an integral part of that story, and now is the perfect time to do so," he said. Ives further added that the visit is important for Tesla, which will not only help Tesla further strengthen its position in the electric vehicle business in China, a key market, but will also play an important role in promoting the company's development.
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