And afactual. His Series A investment made him chairman of the board and the largest shareholder. It was his company from that point toward
The Elon Musk hate
- Thread starter TyWebbIU
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If you look back at historical posts, I was a huge TSLA bear. But he did overperform in terms of stock price b/c I have no idea how valuations got to such a level, but that supported and enabled TSLA to become a leader in EVs.
No shares of Tesla existed until Tesla became publicly traded on June 29, 2010.
Ladies and gentlemen, we interrupt this mudslinging to bring you some nuanced facts...
This is incorrect. He didn't take a controlling interest. From his own Grok:
Elon Musk has never been a majority shareholder of Tesla in the traditional sense of owning more than 50% of the company's shares single-handedly. However, he has consistently been the largest individual shareholder for much of Tesla's history. Let’s break it down:
Musk’s ownership stake grew significantly over time, but he didn’t "become" a majority shareholder at a specific moment because his holdings never crossed the 50% threshold alone. After his initial $6.35 million investment in the Series A round in February 2004, he owned about 11.7% of Tesla Motors. Over the years, through additional investments, stock awards, and the company’s growth, his stake increased.
By 2010, when Tesla went public, Musk held around 20-25% of the company’s shares, depending on dilution from the IPO and subsequent offerings. His ownership fluctuated as Tesla raised more capital and issued new shares, but he remained the largest single shareholder. For example, in 2017, SEC filings showed he owned approximately 21.7% of Tesla’s outstanding shares. As of more recent reports, like in 2023, his stake hovered around 13% of outstanding shares (about 411 million shares) after selling portions to fund ventures like the Twitter acquisition—still making him the biggest individual investor, but not a majority owner.
A, B, and C rounds in total were far less than $100 million.
He still hasn't "bought" the company from a legal standpoint of control. But, he is, and has been, the largest shareholder for some time.
Now back to your regularly scheduled shit throwing...
This is incorrect. He didn't take a controlling interest. From his own Grok:
Elon Musk has never been a majority shareholder of Tesla in the traditional sense of owning more than 50% of the company's shares single-handedly. However, he has consistently been the largest individual shareholder for much of Tesla's history. Let’s break it down:
Musk’s ownership stake grew significantly over time, but he didn’t "become" a majority shareholder at a specific moment because his holdings never crossed the 50% threshold alone. After his initial $6.35 million investment in the Series A round in February 2004, he owned about 11.7% of Tesla Motors. Over the years, through additional investments, stock awards, and the company’s growth, his stake increased.
By 2010, when Tesla went public, Musk held around 20-25% of the company’s shares, depending on dilution from the IPO and subsequent offerings. His ownership fluctuated as Tesla raised more capital and issued new shares, but he remained the largest single shareholder. For example, in 2017, SEC filings showed he owned approximately 21.7% of Tesla’s outstanding shares. As of more recent reports, like in 2023, his stake hovered around 13% of outstanding shares (about 411 million shares) after selling portions to fund ventures like the Twitter acquisition—still making him the biggest individual investor, but not a majority owner.
A, B, and C rounds in total were far less than $100 million.
- Series A: $7.5 million
- Series B: $13 million
- Series C: $40 million
He still hasn't "bought" the company from a legal standpoint of control. But, he is, and has been, the largest shareholder for some time.
Now back to your regularly scheduled shit throwing...
Thanks for sharing this. I guess I never paid close attention to Musk's involvement with Tesla, so this was informative. Thanks for putting in the work,
He's talking about your personal contributions to the debt problem.
Nice little Tesla infomercial at the White House earlier today.
The part where Trump floats the idea of labeling Tesla protestors as domestic terrorists was a especially interesting. God they're so whiny. I wonder if they cried in each other's arms in the Oval Office after this Tesla sales pitch.
The part where Trump floats the idea of labeling Tesla protestors as domestic terrorists was a especially interesting. God they're so whiny. I wonder if they cried in each other's arms in the Oval Office after this Tesla sales pitch.
Why would you have a problem with that...in fact...I'd make vigilante violence legal just like Lance and Vincent propose, for any car owner.
The whiny bitch, in this case, are the dickless motherfuxkers like you that are cool with people covertly vandilizing other people's property.
Burning and defacing Tesla’s to serve a political end is terrorism, definitionally.
Probably fairly hard to prove the last part though. Similar to how hate crime charges aren’t filed every time a minority is a victim.
Musk wants to contribute $100 million to the “Trump political operation.” In return, Musk will certainly enjoy a huge ROI. At this point I don’t know who Trump is more beholden to - - Putin or Musk.
It is unheard-of for a White House staffer, even one with part-time status, to make such large political contributions to support the agenda of the boss. But there has never been someone in the direct employ of an administration like Mr. Musk, the world’s wealthiest person, who is leading Mr. Trump’s aggressive effort to shrink the federal government, the Department of Government Efficiency.
Over the weekend, Mr. Musk traveled to and from Florida aboard Air Force One with Mr. Trump, and posted on his social media website, X, that he had dinner with Secretary of State Marco Rubio on Saturday night after some tense interactions earlier in the week.
And on Tuesday, as Mr. Musk’s electric car company, Tesla, faced some violent protests around the globe, Mr. Trump made a display of having five Teslas brought to the White House grounds in a demonstration for the news media, and checked out the cars with Mr. Musk by his side. It was an extraordinary promotion of a company by the most powerful person in the federal government.
Land of the absurd
