Elon Musk runs two huge companies by breaking his day into 5-minute slots

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Elon Musk, CEO of Tesla Motors, poses with a Tesla car in front of Nasdaq after its IPO

AP PhoAP Photo/Mark Lennihan

Here's how Elon Musk gets everything done.

Elon Musk has a lot on his plate.

The tech entrepreneur now balances his time between his two companies, Tesla and SpaceX. His jam-packed schedule sees him darting back and forth between SpaceX's LA headquarters and Tesla's base in the Bay Area.

All in all, Musk puts in about 85 to 100 hours a week, according to The Independent . He also estimated to Y Combinator that he manages to dedicate about 80% of his time to engineering and design.

But how does he manage to get everything done?

Well, as Inc. reported , the CEO ignores most phone calls, abstains from getting stuck dealing with emails, and sleeps around six hours every night.

What's more, Musk has a special strategy up his sleeve: He breaks his entire day into a series of five-minute slots. Musk even eats his lunch in five minutes or less, usually during a meeting .

As Stephanie Vozza writes in Fast Company , breaking a schedule into smaller increments can provide a major productivity boost. Five minutes may seem like nothing in the scheme of things, but the practice likely helps Musk stay on task throughout his busy day and ensures that none of his time goes to waste.

It also helps that the tech CEO says he is constantly trying to innovate and enhance his productivity.

"That's the single best piece of advice: Constantly think about how you could be doing things better and questioning yourself," he told Mashable in 2012

Get the latest Tesla stock price here.

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