👇 SUBSCRIBE TO MY YOUTUBE CHANNEL - so this show can reach more people 👇 https://www.youtube.com/channel/UCIprGZAdzn3ZqgLmDuibYcw?sub_confirmation=1 Click the Link Below to Subscribe to my email list to MAXOUT your life (all value, no fluff) https://konect.to/edmylett Click the link below to come see me speak live and use promo code "ED30" for 30% off! https://lifesurge.com What if the biggest thing holding your business back… is something you’ve never even questioned? In this conversation, I sit down with Jon McNeill, former President of Tesla and CEO of Lyft, and I’ve got to tell you… this one hit me differently. I’ve read thousands of books and interviewed some of the greatest minds in the world, but what Jon lays out here is a true operating system for winning in business and life. We’re not just talking theory. We’re talking about how Tesla went from 2 billion to 20 billion in revenue in just 30 months, and the exact framework they used to do it. Jon breaks down what he calls “The Algorithm,” a five step framework that challenges everything you think you know about how businesses should operate. And I mean everything. From questioning every assumption you’ve ever accepted, to building systems that prioritize speed, efficiency, and real innovation, this is the kind of thinking that separates the elite from everyone else. What really hit me is this… most of us are not losing because we lack effort. We’re losing because we’re solving the wrong problems or following outdated rules. We get into some unbelievable stories from inside Tesla that prove this works in the real world. One of them completely blew my mind. Faced with a challenge to cut production costs by 50 percent, Jon and his team didn’t tweak the system… they reinvented it. What started as a simple idea inspired by a toy car led to a manufacturing breakthrough that changed the entire auto industry. That’s what happens when you stop accepting “the way it’s always been done” and start thinking differently. But this conversation goes deeper than business tactics. We talk about leadership, culture, and what it really takes to build something meaningful. Jon shares why the best leaders “eat their own dog food,” how to identify the one or two things that truly matter in your company, and why humility combined with confidence is the ultimate competitive advantage. He also opens up about the personal cost of operating at that level, and the importance of knowing when something is no longer aligned with who you are. This episode is for anyone who wants to think bigger, move faster, and stop playing by rules that no longer apply. If you’ve been feeling stuck, overwhelmed, or like you’re working hard but not breaking through, this is the reset you’ve been waiting for. Jon doesn’t just give you ideas… he gives you a blueprint. Key Takeaways: - Why “question everything” is the first step to breakthrough innovation - The 5 step Algorithm that drives speed, efficiency, and massive growth - How Tesla cut production costs by rethinking the entire system - The danger of following legacy thinking in your business - Why great leaders focus on only one or two truly critical priorities - The balance of humility and confidence that defines elite performers - What the future of business and AI really looks like and why opportunity is still massive 0:00 – Introduction 2:22 – Origin of the Algorithm: Growing Tesla 10x in 30 months 4:22 – Elon's hiring philosophy: Why he wanted an entrepreneur, not an operator 5:59 – Tesla runs on almost no cash 7:11 – The danger of loading your balance sheet with cash 7:55 – The 5 Steps of the Algorithm (overview) 9:19 – How Tesla cracked China: Getting a JV with no economic sharing 11:36 – How China's government system works (job creation metric) 15:21 – The Casting Innovation: The matchbox car moment that changed manufacturing 22:10 – Elon's culture: Question Tradition 24:35 – Jon's wife's intervention: The cost of working with Elon and his metal health 27:57 - The process of entrepreneurship 31:00 - Why problem solving is the key to entrepreneurship 33:49 – Culture Secret #1: Eat Your Own Dog Food 35:25 – Culture Secret #2: Focus on existential priorities (why Elon can run 7 companies) 37:54 – Hiring for humility + capability 39:24 - Jon on DVX Ventures and was he is doing now 40:15 - Rideshare pricing into other businesses 42:30 – AI & the future of jobs 47:46 – Should You be an Entrepreneur? 50:21 - Final Thoughts Thank you for watching this video—Please Share it and get the word out! 👇 SUBSCRIBE TO MY YOUTUBE CHANNEL👇 https://www.youtube.com/channel/UCIprGZAdzn3ZqgLmDuibYcw?sub_confirmation=1 ▶︎ Visit My WEBSITE | https://www.EdMylett.com #EdMylett #Motivation