Elon Musk is a live legend in the world of business. Industrialist, business and inventor, Musk
managed to found a great business-empire that deservedly compels admiration. Apart from
considerable financial status, the actual achievements of this young and ambitious multimillionaire
include a number of successful Internet projects as well as such world-famous companies as SpaceX,
Tesla Motors, SolarCity and Hyperloop. Musk embodies a great example of transformational leader
who is not afraid to be radical and inventory and has already reached the peak of the world of
business.
Elon Musk is commonly referred to as transformational leader. This style is defined as the one that
can cause some changes in both individuals and companies. It is claimed that transformational
leadership “creates valuable and positive change in the followers with the end goal of developing
followers into leaders … enhances the motivation, morale and performance of followers through a
variety of mechanisms” (Damirch & Rahimi & Seyyedi). Musk certainly has all of that, and even
more. First of all, he has a powerful and revolutionary vision and is able to influence others to share
his view. According to the article entitled Elon Musk: Transformational leadership in Action, his
vision is “attractive, simple, understandable, beneficial, and – quite literally – energy creating”
(2015). It was recently proved by the appearance of his new company, Hyperloop, as the response to
the high-speed railway challenge. Musk analyses the possible perspectives of his projects and
precisely evaluates the risk and the benefits. Hence, his predictions play very important role in the
