Starting A Business: How Entrepreneurs Handle Risk

Elon Musk has faced plenty of ups and downs as he has worked to create Tesla. His huge risks have included putting up his own money to keep the company afloat, borrowing money from friends to pay his own rent, and being willing to buck traditional business practices to keep production working (many Tesla employees have done their fair share of time in the production factory, no matter where they were hired to work.) These huge risks, and the ongoing risks Elon Musk takes to keep building Tesla, have turned his net worth to over $16 million. As an added note, as of October 1st, 2018,  Musk has stepped down as chairman of Tesla amid fraud charges dealing with a Tweet about making Tesla public. It will be interesting to see where these continual risky moves take the company, and him.