The primary reason for his success is how he takes risks. Elon Musk has taken significant risks, such as substituting parts in Tesla Automobiles or SpaceX rockets for cheaper prices. These substitutions could also lead to failure, but one thing Elon Musk said was that “if you do not end up adding back at least 10% of them, then you didn't delete enough.” But how does this influence other businesses?
Elon Musk has one of the largest influences throughout the world. By owning many businesses and having a prominent role in others, he shows how to manufacture new ideas, build up a strong foundation of workers, push them to be the best, etc. His futuristic visions have inspired other companies to follow suit. As he continues his pursuit of a Mars expedition and produces EV cars, we can see how his ideas are future-based. The existence of such an influential figure in these emerging markets will help businesses of the present and future expand.
Elon Musk also contributed new features to his technology, for example, battery technology in Tesla or Solar energy in SolarCity. These new technologies provide a deeper insight into how the world is changing and how other businesses need to adapt. This also promotes innovation as more businesses may be inspired to focus on things like these, and it will help recover the planet Earth. As a result, despite the many consequences of humanity on Earth, these new technologies and ideas can help change the future and make it a safer planet to live on than ever before.