Mush didn’t found Tesla. He bought it later and put in the contract that he was able to call himself a founder
Or it could be said that he found Tesla in the “finders keepers” sense.
My brain now can’t unsee how stupid the word Founded looks next to found.
Is it shaking your entire foundation?
He didn’t found it, he found it.
👍 the English language is great
Exactly, but “technically” he is credited as a founder. He’s a really good business man.
He isn’t a “really good business man”, everything he’s made is built on a foundation of lies. Eventually, it’ll collapse or be saved by socialised systems for being too big to fail. Musk is a con man, not a businessman. He’s just made a living out of conning investors and the public alike.
I don’t know, it sounds like the definition of a business man. Not one I’d admire, but not unlike lots of other business men.
No, businessmen do business. Steve Jobs did business, he figured out markets, created markets based on what his business could provide. That’s actual business.
A grifter, a con man, is not a business man, they wear the skin of one to fool people like yourself into buying into the con. Looks like it works.
created markets based on what his business could provide.
As much as I loathe musk, this is exactly what Starlink is. It’s a company founded solely to buy the product SpaceX is making, because other people couldn’t buy enough.
Of course, Starlink is floating almost entirely on venture capital, but that’s how Amazon got started too.
Here’s the rub. Starlink is not and can not be profitable without venture capital and subsidies. It exists to funnel money away from taxpayers. It’s a con built on lies like the rest. At least some people get to benefit from this, unlike people sold overhyped cars and promises of Mars colonies, but that’s changing with price hikes and service degredations too.
can I get a source on the math for this? I haven’t heard that before
Steve Jobs also conspired with his competitors to underpay their staff. Staff as in the people that helped him do business and make billions
Right? At least Elon doesn’t have to conspire to underpay his staff.
My evil, greedy and manipulative capitalist is better than your evil, greedy and manipulative capitalist!!!
True.
I think it was sarcasm.
Sarcasm doesn’t travel well through text.
Yeah right. Sure it doesn’t.
Wasn’t sarcasm, some are that gullible
Just have to lay it on thicc
Oh it wasn’t.
Well then ¯\_(ツ)_/¯
I understand where you’re coming from, but business is brutal and things like this happen in that world. PayPal (formely X .com) was also started by Elon, I don’t think he “scammed/tricked” anyone on that. And he has made billions for his investors over the years. I mean Tesla is worth over $600 billion, due to the marketing genius that is Elon. [Mistake: Elon didn’t start PayPal, just X .com]
Man, learn something about someone before you go worshipping them.
X was bought by paypal, but was far from “integral.” It was just its largest competitor for Confinidy at the time because Musk was washing it in money he made from a previous venture.Paypal was the more popular money transfer software, and it’s the platform the new company formed around, even taking its name.
Musk was a actually briefly the CEO of PayPal, but his decisions were so poor that he was forced out.. He still retained enough shares of paypal to hit it big time, which is when he poured all that money into a long shot bet called Tesla, which he used goverment funds and seed capitol from his rich friends to keep alive until it turned an actual profit a decade later. With SpaceX, he leaned into fanboys like you calling him Tony stark, and managed to hire Gwynne Shotwell, a goddamn aeronautics powerhouse, as CEO the same year it was founded. She has brought SpaceX to success, by all accounts in spite of him. Its rumored that SpaceX keeps people around just to sideline Musk. That how disruptive he is to actual work. SpaceX was also utterly dependent on goverment subsides for most its existence, just like Tesla.
Dude grew up with emerald mine money, then just kept taking outlandish risks because he had an emerald mine to keep his ass housed and fed, and yeah, eventually hit it big, with a big heaping of help from our tax dollars and mega rich pals. Big surprise.
Turns out that if you have a wealthy life secured, you too can gamble big and make even more money. Thats how capitalism is designed to work. Capital makes more capital.
The fact that you’re suckered in by the worlds luckiest gambler playing a game that had no actual stakes for him is sad as fuck man. Be proud of someone who overcame actual adversity. Go find a hero that wants to help people, not to rule them.
Interesting, thanks for sharing. I’ll have to do some more research on Elon then.
Don’t forget blatant market manipulation. Pump&dumps on Bitcoin, doge coin, TWTR, and TSLA…
I still don’t get the emerald mine money bit. Even snopes ran on it that the perpetuated story is bogus, with properly cited sources on where the whole comment originated from.
I think Musk is a grifter, but let’s stick to facts instead of hearsay.
Edit: for those asking:
https://www.snopes.com/news/2022/11/17/elon-musk-emerald-mine/
Could you link that source? I can’t find it
He didn’t start PayPal. It was founded by Pieter Thiel, another billionaire christofascist, and four other guys and non of them are called Elon Musk. X.com was bought by PayPal.
It’s wild how little this dude knows about Elon musk while singing his praises to the heavens, but I guess those two things go hand in hand.
Muskrats are always the least informed people in the room when it concerns Elon Musk. It’d be a lot funnier if it weren’t so damn easy to find the actual facts. There’s really no excusing it, they’re just willfully ignorant.
“Oh yeah he didn’t actually do that… Still, what a genius amirite?”
I think the whole Twitter debacle has disproven that he’s a good businessman. Rather, it highlights how far one can get by having heritable wealth and being in the right place at the right time.
Being credited as something doesn’t mean you are that something. My ex credited me for having a big penis.
Elon is not a founder of Tesla, no matter what any documents say. Calling him such when you know he isn’t makes you a liar, a fool or a co-conspirator.
Now I am laughing because I am imagining you working the big penis anecdote into every comment and conversation.
That would be a funny bit.
twist: Plopp is the penis’ account.
He’s successful in spite of himself. He makes terrible decisions constantly.
Tesla only had two founders, Martin Eberhard and Marc Tarpenning. They even write that in the first paragraph. Especially Elon Musk pretty much bought himself the title co-founder despite joining much later. This is just Elon fanboyism.
That’s business… Martin and Marc didn’t take Tesla to $600 billion, Elon did.
Jobs, Wozniak, and Wayne never took apple to $3 trillion or even $1 trillion.
Gates and Allen never took Microsoft to $2.8 trillion or even $1 trillion.
They’re all still founders. Musk isn’t.
My dude, wake up. Elon is mediocre, he was just born rich, heir to precious stone mines with questionable work ethics. You can say he is good at buying things but that’s it. Read more about him from people who aren’t fans and you will understand.
Yeah fan boys are dumb but on the same hand I do think there’s a lot of obsessive negativity too, people act like he’s a bumbling clutz in every aspect of his life but I don’t think that’s really true either.
He did nothing. The engineers did design and built the cars. He was just standing on stages, telling lies to investors. It’s very rare that c-level actually had something to do with the success of a company.
That’s great, it’s still not what founding means.
And this isn’t even right, 2 people founded Tesla the other 3 are investors…
Careful, Musk might send the internet goon squad after you for saying that. He gets very upset if you call him an investor in Tesla.
Starlink is trash too, come at me Elon
Starlink is shitty and yet where I’m at its still easily the cheapest, fastest, and most reliable option. Infuriating really.
Yeah, if he spent the money on laying fibre instead of using satilites that need to be replaced every at most 18 months and as little as 2 months, everyone would have been better off.
Yeah, but he only has the one digger, so the fiber would all end up in hyperloop-sized tunnels, it’d be like the Underminer from the Incredibles.
Excuse me, but one of the conditions of Elon’s investment was that they pretend he was a founder and refer to him as such!
It wasn’t a condition of his initial investment, but rather of a lawsuit settlement five years later, in 2009 (six years after Eberhard and Tarpenning actually founded it).
Yes. That is what happens when you sell the majority of your business.
the world’s most valuable automotive company.
Lol no.
I don’t like
TeslaElon.But they are literally the most valuable automotive company.
As of right now, their market cap is $794.33 billion.
Yeah I was a bit surprised. Seems quite clearly over-valued.
According to the stock market, yes. If you know otherwise, go make some money of them.
The market can remain irrational longer than you can remain solvent.
hhahah cuz we know the stock market is all real numbers
It is literaly all real numbers.
Yes? At least people on the stock market are putting up their money instead of just talking.
Sorry, you think investing in Tesla confers credibility?
I never said anything like that.
There was heavy smug implications
meh. most of us call it gambling, and the house has the advantage (thats a pun!). lets not kid ourselves that there are real valuations in play here
Weird that people argue about this. If the value of a company is being talked about, then stocks is what people generally refer to. Now, if you’d specify and talk about some other value, then sure, but if only “value” is being mentioned I see no reason to think it would mean something else than stocks.
stocks are unstable and they only provide actual value when sold. Thus, for some, it is at best an imprecise measure. Thus People don’t like it and some simply refute the valuation. The fact that it remains the only viable source for valuation is not relevant to them.
Just a different PoV (world view as to what is valuable in life) which is not catered to by the available data.A big part of trading stocks is assessing value independent of the stock price. You want to buy stock when it is undervalued and sell it when it is overvalued. Tesla seems to be in the latter position, IMO.
It’s definitely overvalued, but that’s because it’s currently valued as the most valuable automotive company on the planet.
This seems extremely poorly researched.
Howso?
I was wondering the same thing. Also, if you liked the content (and want to be getting informative content like this), I would appreciate if you subscribe to the newsletter. Thanks in advance.
“I made this!”
I was never interested in following up claims that Musk was not a founder, but to the extent this article is fair, I’d say he earned the title of founder as well as being the wealthiest. Maybe he was the only one who could afford to go all in on Tesla, but the fact is he went all in on Tesla and put arguably the most into building it into a car manufacturer
And they all look extremely rich to me. Even the “poorest” of the group made $7M for one year
7 million is “retiring doctor” or “retiring Google engineer” rich.
It’s generally considered safe to withdraw 4% of your nest egg the first year, and adjust that for inflation moving forwards. $7 million can sustain a $280k/year retirement. That’s certainly rich, but there’s a world of difference between that and a billionaire. A billionaire can safely spend $40 million a year.
