According to a report by the Bloomberg Billionaires Index on January 8th, Tesla’s stock price rose by more than 20% in a week, increasing Elon Musk’s personal net worth to US$195 billion. Jeff Bezos, the world’s richest man, is $10 billion.
When the Tesla owner in Silicon Valley posted the news on Twitter, Musk’s answer was only six words: “How strange”, and then “Okay, back to work…” This seemed to be right to become the world’s richest man. A humble response. . But this is a perfect answer, and a useful lesson about emotional intelligence for every leader.
You know, he knows how random and changeable good news is, as is any news related to his company̵
As for Musk, it is difficult to exaggerate the status of his members among the richest people in the world. In the past year alone, he has earned 150 billion US dollars in income, accounting for more than three-quarters of his huge wealth. For him, it may not be difficult to remember the days he slept in the office-it’s not that he can spend the most time at work like he did in these days, but because he can’t afford a house to go home.
He also knows how fast destinies can change, especially when they are associated with the whims of financial markets. In the past few years, he has been accusing short sellers (investors who bet on the company’s stock price to fall), saying that their Tesla’s poor performance may be a vicious attempt to make money quickly. He saw legitimate stock analysts constantly questioning Tesla’s prospects and predicting Tesla’s doom-a company like this has just publicly admitted that they think Tesla is very, very wrong. Musk also learned that even if everything else is normal, the US Securities and Exchange Commission can play a role.
In other words, he absorbed a bit of wisdom that every business executive should remember. Sometimes you are a hero, sometimes you are a goat, and it is smarter to ignore the ups and downs that people (and the market) think of you. Instead, follow what Musk said, what all CEOs should do-focus on making your product “as great as possible.”
If the stock price soars, reaching your business goals or getting rewards makes you feel like you are at a world-class level, you may collapse when you miss your goals, lose large customers or face public criticism. The best leaders don’t care too much about these. Instead, they did what Musk said-restart work.