Perhaps he should just buy Meta.
This guy made his money from SLAVERY
I think they are either refering to child labor in cobalt mines, which was used for Tesla power elements, or to his father’s emerald mines. There’s no evidence of direct people-owning slavery in either case, still a lot of shady and immoral (and probably illegal) practices to earn money in both of them.
The entire premise behind this post is equally as out of context. China uses patents as blueprints. In Spacex, patenting things is counterproductive. In terms of US competition it is not.
The guy is still a dick and he does manipulate markets. I would also argue that he doesn’t have a case here. All that being said, being misleading does not help you win folks to your side. I thought we were trying to leave this stuff behind on Reddit.
His parents owned an emerald mine during apartheid where the working conditions for miners (all black, of course) could accurately be described as slavery. He was literally walking around with emeralds in his pockets like some fucked up little prince.
Anyway, that’s how he got his startup capital.
This is a common misconception. His daddy loaned him a whopping 28 grand. Nothing mind blowing, and certainly not what you’d expect the heir of a freaking emerald mine to get their hands on.
Elon Musk got most of his capital early in his career from the sale of his first company, Zip2, which he co-founded with his brother Kimbal in 1995 using $28,000 borrowed from their father[1][6]. In 1999, Zip2 was sold to Compaq for $307 million, with Musk earning $22 million[1][6]. Musk then invested $10 million of his Zip2 proceeds into founding X.com, one of the first attempts at online banking, which later became PayPal[1]. After PayPal, Musk invested all of his proceeds into his new projects: SpaceX ($100 million), Tesla ($70 million), and SolarCity ($10 million) [1]. By 2008, he was almost penniless and living on $200 thousand monthly loans from his friends after a $20 million divorce[1]. However, his fortunes changed, and by 2017, his net worth had risen to $16 billion[1].
Citations: [1] https://www.toptal.com/finance/venture-capital-consultants/elon-musks-investments [2] https://time.com/6127754/elon-musk-net-worth-person-of-the-year/ [3] https://money.com/8-innovative-ways-elon-musk-made-money-before-he-was-a-billionaire/ [4] https://en.wikipedia.org/wiki/Elon_Musk [5] https://financebuzz.com/jobs-elon-musk-had-before-wealthy [6] https://www.sitebuilderreport.com/origin-stories/elon-musk>
There’s no need for anyone in the western world to frown upon that. Literally all of us started out with the wealth that our ancestors violently extracted from colonies.
Just because you didn’t personally inherit millions doesn’t change the structural fact. All our industries jump-started by getting stuff from colonies. It was a big rush among the colonizers, and those who didn’t do successful colonize are not among “first world” countries today.
Musk is guilty of much, but his sin in benefiting from his parents sins is different from yours only in scale.
I mean there was even a Movie about how Zuck likes to get his business ideas from other people. Elmo should’ve watched it. Not that it hits the wrong person tho.
Elmo has his own way of doing things. He throws fat stacks at smart people to make great things, and then take credit by saying it was his idea. The reason Twitter is failing is because there’s no smart guy to throw money at, so the only trick in his book doesn’t work anymore.
Why does Musk look so much like disgraced former Doctor Andrew Wakefield?
What doesn’t make sense are the idiots who keep defending him, even though there is no discernable gain for them.
