Musk reveals complex schedule: managing multiple role transitions is difficult

According to news on May 24, Elon Musk recently revealed in an interview how he manages his schedule and his troubles with changing roles in multiple companies. Musk said that his every day is very complicated and long, and he often needs to switch between different roles. This switch is very difficult for him.

Musk often plans his schedule according to different days, focusing on one company. However, for various reasons, he was often unable to achieve such an arrangement.

For example, he gave the example of a day focused on Tesla on Tuesday, but may turn to Twitter at the end of the evening. He explained that Wednesday would be split between Tesla and Twitter, while Thursday would be equal parts SpaceX and Tesla.

Musk describes his work as intertwined, which makes time management very challenging. However, this complication was not good for his investment.

Tesla’s stock price fell more than 50% in the two months after completing the acquisition of Twitter. Investors are worried that Musk won't be able to focus on Tesla amid growing competition in the electric vehicle market. In addition, many advertisers have also withdrawn from Twitter or suspended advertising on the platform. Although Musk lowered Twitter's valuation to $20 billion in March this year, he said advertisers are returning.

Unlike many other company executives, Musk claims he completes his schedule himself, without the assistance of any chief of staff or administrative assistant. This was confirmed by a former Tesla employee who hired a part-time assistant to help manage the schedule.

Musk said: "It's impossible for others to know what my most important job is." Typically, he spends most of his time working until two in the morning. Then he would rest and prepare for the new day.

Regarding Twitter, Musk plans to shift to the role of executive chairman and technology head, with Linda Yaccarino, a former NBC advertising executive, taking over as CEO.

Musk said that the issue of successor has always been a thorny and ancient problem. This question has vexed government leaders, including kings, prime ministers, presidents and chief executive officers, from ancient times to the present day.

Musk revealed that he has revealed to the board of directors who he would choose to be his successor in a worst-case scenario. He stressed that individual company boards have the power to take different directions on the issue.

Regarding Tesla, there is a lot of speculation that Chief Financial Officer Zachary Kirkhorn is one of the successors supported by Musk.

Previous media reports stated that Musk’s companies often engage in related transactions, and he is also facing pressure to more clearly separate the relationships between these companies.

Musk has commissioned dozens of employees from companies such as Tesla, SpaceX and Boring to help Twitter, taking the Twitter acquisition as an example. He created a "transition team" on Twitter to be responsible for work involving code reviews, staffing and facilities-related decisions.

Musk is also a co-founding director and donor of OpenAI. OpenAI was once a non-profit organization, but it has now received a large investment from Microsoft. According to 2017 financial documents, Musk donated Tesla cars worth about $250,000 to OpenAI, and this is only part of the millions of dollars he donated to OpenAI in the early years.

Recently, Musk has publicly criticized OpenAI’s organizational structure and the number of shares sold to Microsoft. In recent interviews, Musk also mentioned his X.ai and Google's DeepMind. He hopes to promote the development of X.ai to pose a challenge to OpenAI.

Musk said: “I don’t want to be hasty in announcing this. OpenAI seems to have a good relationship with Microsoft, and there may be similar collaborations with X.ai, Twitter, and Tesla. ”

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