this post was submitted on 17 Dec 2023
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[–] [email protected] 275 points 11 months ago (53 children)

Mush didn't found Tesla. He bought it later and put in the contract that he was able to call himself a founder

[–] [email protected] 57 points 11 months ago (2 children)

Or it could be said that he found Tesla in the "finders keepers" sense.

[–] [email protected] 19 points 11 months ago (1 children)

My brain now can't unsee how stupid the word Founded looks next to found.

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[–] [email protected] 156 points 11 months ago (2 children)

And this isn't even right, 2 people founded Tesla the other 3 are investors....

[–] [email protected] 57 points 11 months ago (1 children)

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!

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[–] [email protected] 128 points 11 months ago (6 children)

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.

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[–] [email protected] 48 points 11 months ago (14 children)

the world’s most valuable automotive company.

Lol no.

[–] [email protected] 11 points 11 months ago* (last edited 11 months ago) (5 children)

I don't like ~~Tesla~~ Elon.

But they are literally the most valuable automotive company.

As of right now, their market cap is $794.33 billion.

[–] [email protected] 14 points 11 months ago

Yeah I was a bit surprised. Seems quite clearly over-valued.

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[–] [email protected] 35 points 11 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.

[–] [email protected] 23 points 11 months ago (2 children)

This seems extremely poorly researched.

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[–] [email protected] 13 points 11 months ago (1 children)

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

[–] [email protected] 9 points 11 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.

[–] [email protected] 11 points 11 months ago

“I made this!”

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