When Tesla Owners of Silicon Valley tweeted the news, Musk’s response was just six words, “How strange,” followed by “Well, back to work …” That might seem like a pretty ho-hum reaction to becoming the world’s richest person. But it was a pitch-perfect answer, and a useful lesson in emotional intelligence for every leader.
THE WORLD’S RICHEST MAN IS A LESSON IN EMOTIONAL INTELLIGENCE.
You see, he knows just how random and changeable this bit of good news is, as is any news related to his company’s share price. Tesla shares closed at more than $880 on the day I’m writing this piece, but less than two years ago their value equaled about $38, taking into account the company’s subsequent stock split. (Go ahead and kick yourself if you didn’t buy any back then–I certainly am.)
He also knows just how quickly fortunes can change, especially when they’re tied to the whims of the financial markets. Over the past few years, he’s railed against short-sellers (investors who bet on a company’s share price going down) for bad-mouthing Tesla, perhaps in a nefarious attempt to make a quick buck. He’s seen legitimate stock analysts question Tesla’s prospects and predict its doom over and over — one such firm just publicly confessed that it got things very, very wrong. And Musk also learned how the Securities and Exchange Commission could clip his wings, even when everything else was going right.
Source: INC, Jan 9, 2021