Peter H. Diamandis BLOG - Upgrade Your Mindset.

Most Innovative Company Today

Written by Peter H. Diamandis | Apr 23, 2017

I did a quick Twitter poll yesterday asking which technology companies you think are the most innovative today. The options were:

  • Amazon
  • Google
  • Facebook
  • Tesla

(Note: Twitter polls only allow four options... yes, there’s also Apple, Microsoft, Uber, Samsung and SpaceX, to name a few others.)

With over 1,000 responses, a clear overwhelming winner emerged: Tesla.

Here was the final tally:

  • Amazon: 25%
  • Google: 22%
  • Facebook: 4%
  • Tesla: 50%

Google and Amazon each spend over $50 billion per year on R&D (2016 figures). In other words, they each spend more R&D dollars in a year than Tesla’s current market cap of $49 billion.

So why is it that Tesla garnered more votes than Google and Amazon combined?

What can an entrepreneur or CEO learn from this?

Here are my top four reasons (If you have others, please tweet them at me @PeterDiamandis):

#1 A “Crystal Clear” Massively Transformative Purpose (MTP)

Tesla’s MTP is to accelerate the world’s transition to sustainable energy. To this end, every product Tesla brings to market is focused on this vision and backed by a Master Plan Elon Musk wrote over 10 years ago. Google and Amazon, on the other hand, have scattered vision. Both are collectively working on dozens of innovations, from drone delivery to autonomous vehicles, that stray from their respective MTPs.

#2 Founder Personality is Confident, Focused, Passionate & Outspoken

Musk has an eccentric, celebrity like persona as a founder and has rallied a diehard fan base around himself. He believes 500% in what he is doing. He is crystal clear and driven 100 hours per week to execute. While he divides his time between Tesla, SpaceX (and now Neurolink), he doesn’t do anything else, or speak on any other subject. His companies reflect his clarity and confidence. To a large degree, like Steve Jobs and Apple, Tesla is a reflection of Musk himself.

#3 Media News Frenzy & Social Media Influence

Musk has garnered a cult like following on social media, with 8.3 million Twitter followers. On the other hand, Larry Page does not even have a Twitter account, and scarcely speaks publicly; Jeff Bezos has tweeted less than 10 times per year since 2009 and has only 208,000 followers. Musk often responds directly to questions his followers throw his way, and has become famous for leaking product updates and launches on Twitter. He certainly has the news media eating out of his hands, and effectively controls the perception of the Tesla brand himself.

#4 Real & Tangible Products

Building hardware is HARD. And taking on complex industries like automotive and energy (not to mention space) with new tangible products is perceived by all to have a high degree of difficulty. Hard = Innovative.

In summary, there is a takeaway for entrepreneurs who want to build powerful, innovative companies to change the world. There’s a strong force-multiplier for your company if you’re willing to be a powerful, outspoken CEO with a clear and dominant MTP/Moonshot -- something you believe in with all your heart and soul.

Also read: TOP 50 MOON SHOTS (2000 - 2020)

WHAT IS ABUNDANCE INSIDER?

This email is a briefing of the week's most compelling, abundance-enabling tech developments, curated by Marissa Brassfield in preparation for Abundance 360. Read more about A360 below.

WANT MORE CONVERSATIONS LIKE THIS? - JOIN ME

At Abundance 360, Peter's 360-person executive mastermind, we teach the metatrends, implications and unfair advantages for entrepreneurs enabled by breakthroughs like those featured above. We're looking for CEOs and entrepreneurs who want to change the world. The program is highly selective. Apply now for Abundance360 Summit if you'd like to develop an Abundance mindset

Know someone who would benefit from getting Abundance Insider? Send them to this link to sign up.