And this isn’t even right, 2 people founded Tesla the other 3 are investors…
Five People Founded Tesla, But Only Elon Musk Became Extremely Rich
Submitted 6 months ago by 4realz@lemmy.world to technology@lemmy.world
Comments
n3m37h@lemmy.world 6 months ago
yOya@lemm.ee 6 months ago
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.
Tangent5280@lemmy.world 6 months ago
The interner has ruined me, because I read goon squad and thought of the other ‘gooning’.
misophist@lemmy.world 6 months ago
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!
LemmyIsFantastic@lemmy.world 6 months ago
Yes. That is what happens when you sell the majority of your business.
TWeaK@lemm.ee 6 months ago
the world’s most valuable automotive company.
Lol no.
kpw@kbin.social 6 months ago
According to the stock market, yes. If you know otherwise, go make some money of them.
Syntha@sh.itjust.works 6 months ago
The market can remain irrational longer than you can remain solvent.
originalucifer@moist.catsweat.com 6 months ago
hhahah cuz we know the stock market is all real numbers
AnonStoleMyPants@sopuli.xyz 6 months ago
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.
cbarrick@lemmy.world 6 months ago
I don’t like Tesla.
But they are literally the most valuable automotive company.
As of right now, their market cap is $794.33 billion.
TWeaK@lemm.ee 6 months ago
Yeah I was a bit surprised. Seems quite clearly over-valued.
Hotzilla@sopuli.xyz 6 months ago
By Revenue Tesla is 11th, and by Earnings Tesla is 8th. Market cap is fictional number.
Shadywack@lemmy.world 6 months ago
“Unlucky cofounders” - the lowest net worth of any of them is 7 million. Ian’s not doing half bad considering most people will work their entire lives and not get a net worth even half of his.
The next one up has a net worth of 200 million.
steakmeout@lemmy.world 6 months ago
This seems extremely poorly researched.
ripcord@kbin.social 6 months ago
Howso?
AA5B@lemmy.world 6 months ago
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
Pipoca@lemmy.world 6 months ago
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.
RememberTheApollo@lemmy.world 6 months ago
“I made this!”
Hello_there@kbin.social 6 months ago
Mush didn't found Tesla. He bought it later and put in the contract that he was able to call himself a founder
Stovetop@lemmy.world 6 months ago
Or it could be said that he found Tesla in the “finders keepers” sense.
BossDj@lemm.ee 6 months ago
My brain now can’t unsee how stupid the word Founded looks next to found.
4realz@lemmy.world 6 months ago
Exactly, but “technically” he is credited as a founder. He’s a really good business man.
echo64@lemmy.world 6 months ago
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.
DarkGamer@kbin.social 6 months ago
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.
penguin@sh.itjust.works 6 months ago
He’s successful in spite of himself. He makes terrible decisions constantly.
Plopp@lemmy.world 6 months ago
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.