OK, I'll bite. What about those companies is the issue?
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Elon is killing it
- Thread starter ToSlow
- Start date
It starts with an emerald mine and then goes from there. Look at bailouts and government funds ploughed in.
Tesla was incorporated (as Tesla Motors) on July 1, 2003, by Martin Eberhard and Marc Tarpenning in San Carlos, California. Ian Wright was the third employee, joining a few months later.[2] The three went looking for venture capital (VC) funding in January 2004[2] and connected with Elon Musk, who contributed US$6.5 million of the initial (Series A) US$7.5 million[10] round of investment in February 2004 and became chairman of the board of directors. A lawsuit settlement agreed to by Eberhard and Tesla in September 2009 allows all five (Eberhard, Tarpenning, Wright, Musk and Straubel) to call themselves co-founders.
TL;DR - Musk bought his way into Tesla.
PayPal was originally established by Max Levchin, Peter Thiel, and Luke Nosek in December 1998 as Confinity,[8] a company that developed security software for hand-held devices. Having had no success with that business model, however, it switched its focus to a digital wallet.[9] The first version of the PayPal electronic payments system was launched in 1999.[10]
In March 2000, Confinity merged with x.com, an online financial services company founded in March 1999 by Elon Musk, Harris Fricker, Christopher Payne, and Ed Ho.[11] Musk was optimistic about the future success of the money transfer business Confinity was developing.[12] Musk and Bill Harris, then-president and CEO of X.com, disagreed about the potential future success of the money transfer business and Harris left the company in May 2000.
TL;DR part Deux - Musk bought his way into PayPal
.... and where did the investment capital for paypal come from? Zip2
Sold controlling share in return for investment capital. Sold the company that was seed to buy into Paypal.
The world is riddled with wasted potential. There are huge swathes of people with more backing and opportunity than Musk, but he seems to have the golden touch.
Steve Jobs was a massive ******* but a marketing genius.
I am not saying that Elon is a shining saint, but people believe and buy his stuff. That is not everyday, and to say that anyone would have done it in his shoes is lying.
If my dad had an emerald mine I’d probably have a decent chance at having a go.
I doubt it. There would be Elon's everywhere, and that is just not the case.
Kouri kicked in his own cash. Elon and his brother rounded up investors. Ergo, they didn't build Zip2, either. You're spouting the usual Elon fanboi BS about his role in most everything he's done.
Not a fanboi... don't really care.
Trying to say that Elon is not a success is lunacy. Are you saying he is just consistently lucky?
You can argue about how he got there, but he is there. It is not easy to make billions.
Such a strange conversation.
I forgot about how ubiquitous emerald mine owners are.
That level of opportunity is fairly common.
He made 12 to 20 million from Zip2 depending on where you get info.
That is common amounts of money in the big picture and the amount of people that have that kind of capital.
He turned that into a net worth of over 200 billion. Yup.... just luck, anyone can do it.... but they don't. I wonder why?
For the people at the back…because when you get a **** ton of cash from your parents you tend to get these opportunities a bit more.
Example in point…fat orange dumb lard ass previous US president. Probably would be a negligible sideline if it weren’t for daddy.
No one is arguing that he didn't have a head start. In terms of wealth multiplication through business development, he has few equals. Something in the order of 10,000x. If your parents gave you $10k, did you turn it into 100M? I sure didn't multiply anything to nearly that extent.
As for the orange man, it will be interested to see what comes out in the current trial. I wouldn't be too surprised if he doesn't have much more than he started with. He is attached to a lot of assets but I suspect it is smoke and they are all leveraged to the max (or beyond) and net worth may not be that special.
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That still doesn't alter the fact that he bought in on almost every venture he's been in. You're implying he's a savant when he's just a savvy opportunist.
My point is still valid. He bought in and by all accounts was one of the driving forces in their advancement (mostly forward but also backwards in some cases). He is hands-on in plotting the path and the paths he picks create crazy wealth multiplication in most cases.
Your panel gaps in your cars are all over the map. You should just re-calibrate your robots.
"Genius", can't understand why a mechanical watch may (or may not) lose a few seconds a day.
He'd be selling life insurance in Newark.............or in jail for fraud.
Ok, but now do it for 10 million. Yes he’s financially savvy but if you get a start in life that means you essentially don’t need to ever worry about cash you can be a little bit more cavalier with any excess. I don’t put Musk in the same category as Jobs or Gates. Jobs and Gates had ideas and could follow through. Musk just funds ideas that aren’t always his.
X CEO expects profitability in early 2024, says 90% of top 100 advertisers are back
X CEO Linda Yaccarino stated that about 1,500 advertisers returned in the past 12 weeks, and 90% of its largest advertisers are back.www.teslarati.com
This guy seems to make diamonds out of rocks
You meant coal out of diamonds, right?
According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion
Musk posted the bleak financial assessment as part of a rant against the ADL.
Right from the CEO's mouth, fanboi website aside.
Musk is a giant dick IMHO. Yeah Tesla changed the EV industry for the better (although he only bought his way into Tesla as others in the thread have mentioned), and SpaceX is doing neat **** and all that, but stop thinking that Elon is standing in the SpaceX office every day calling each and every shot - it's full of smart people doing smart things, Elon is just the guy throwing **** at the wall - only a little has actually stuck, and worked.
People need to stop sniffing his farts and telling him that they smell like roses. It's really unbecoming.
Two words. Sub marine.
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