If you want to judge Americans by global standards, then basically every single one of them is “born into wealth” because most of the people in the world live below the American poverty line.
After reading the book Ludicrous: The Unvarnished Story of Tesla Motors by Edward Niedermeyer I came away with the feeling he really wasn’t a pretty good self-made businessman.
Going from a $30,000 seed investment to $400 billion dollars would tend to suggest otherwise.
Call him a terrible person, sure. You can’t buy a good personality. But as a businessman the numbers seem pretty clear.
I hear you but I think you’re missing my point. His wealth and privilege started in South Africa. He could not have achieved what he did without the opportunity to migrate from South Africa to Canada and then to America.
As for his business prowess here’s just a few key points from the book:
Musk is cuckoo taking advantage of other people’s talent to elevate himself.
Musk’s funding was critical to x.com’s early development, but many of the key decisions that made its merge with PayPal successful were credited to Levchin, Thiel, and others.
Tesla was co-founded by Martin Eberhard and Marc Tarpenning. Musk did not like his position being confined to financier so conspired to have the original founders removed and himself listed as founder instead.
Tesla has consistently faces financial instability, often operating on the brink of bankruptcy.
Both Tesla and SpaceX were rescued by massive government contracts from Federal Governmentd desperate to pull itself out of the global financial crisis or a failing oil economy. Not by Musk’s talent as a business manager.
A hamster wheel of investor hype to raise capital driven by false promises is the only thing keeping Tesla afloat. Even their government loans are based on the same high hopes and false promises.
Musk’s infamous “funding secured” tweet is proof of his success being driven by lies. He was willing to break the law of it meant he could outrun the consequences of his poor management
Elon Musk started his companies in America.
If you want to judge Americans by global standards, then basically every single one of them is “born into wealth” because most of the people in the world live below the American poverty line.
Going from a $30,000 seed investment to $400 billion dollars would tend to suggest otherwise.
Call him a terrible person, sure. You can’t buy a good personality. But as a businessman the numbers seem pretty clear.
I hear you but I think you’re missing my point. His wealth and privilege started in South Africa. He could not have achieved what he did without the opportunity to migrate from South Africa to Canada and then to America.
As for his business prowess here’s just a few key points from the book:
Musk is cuckoo taking advantage of other people’s talent to elevate himself.
Musk’s funding was critical to x.com’s early development, but many of the key decisions that made its merge with PayPal successful were credited to Levchin, Thiel, and others.
Tesla was co-founded by Martin Eberhard and Marc Tarpenning. Musk did not like his position being confined to financier so conspired to have the original founders removed and himself listed as founder instead.
Tesla has consistently faces financial instability, often operating on the brink of bankruptcy.
Both Tesla and SpaceX were rescued by massive government contracts from Federal Governmentd desperate to pull itself out of the global financial crisis or a failing oil economy. Not by Musk’s talent as a business manager.
A hamster wheel of investor hype to raise capital driven by false promises is the only thing keeping Tesla afloat. Even their government loans are based on the same high hopes and false promises.
Musk’s infamous “funding secured” tweet is proof of his success being driven by lies. He was willing to break the law of it meant he could outrun the consequences of his poor management