Many people have commented about how Elon Musk denounced requirements for businesses to shut down because of the coronavirus, and how he blatantly violated those requirements, keeping his Tesla plant in Fremont, California open and churning out cars. Disappointingly few people have been pointing out why Musk did this: his pay from Tesla, Inc comes in the form of bonuses which are tied to several factors, and one of those factors is the number of vehicles Tesla makes. Once again this year, Musk will get a bonus worth several billion dollars, and one reason is because Tesla kept churning out those cars.
Did the Tesla employees on the assembly lines also get bonuses for hitting production goals? No. But I gather that they do get attaboy emails from Musk, telling them what a good job they're doing, and how they're saving the world.
What do they get when they talk about improving safety conditions, or about unions? They get fired.
Now, when people like me complain about how Musk mistreats his employees, or when we repeats those awfully persistent rumours that the Tesla assembly lines don't look nearly as shiny as clean as in the photos which Tesla allows to go public,
or how Musk milks the company for money, or lies to the public about how much his cars cost or about the terms he offered to other companies to join in with Tesla's Supercharger network, or discourages people from fixing their own Teslas although Tesla service is notoriously slow and expensive, or about how Musk has nothing but verbal abuse and downright slander for any company which hints that it might begin to compete with Tesla for a share of the EV market, or about how he won a lawsuit to allow him to call himself a founder of Tesla even though he's not, or about how he calls someone who rescued a group of boys from dying in a cave a pedophile, or about how the real Nikola Tesla was a brilliant man who was shabbily treated by the billionaire businessman Thomas Edison, who constantly took credit for his employees' ideas and hard work while ruthlessly eliminating competing corporations, or other complaints about how Musk is a thieving, fraudulent, cruel monster ripping off those who adore him, or what have you, we often hear the response that Tesla is revolutionizing the auto industry, and that it wouldn't be a success without Musk. But are either of those answers true?
We hear from Musk's ardent disciples -- this is a cult we're talking about -- that Tesla wouldn't exist today if Musk hadn't rescued it with money from his own pocket. They seem to believe that Musk quite selflessly offered all of the money he had in order to keep Tesla going.
No. Musk invested $30 million dollars in Tesla in 2004. This was not all of the money Musk had at the time: he had recently sold his share in PayPal for over a billion dollars.
That's right: although Musk didn't found Tesla, he did co-found PayPal. Have you heard lots of comments about how PayPal is a wonderful company which is making the world a better, safer, fairer, cleaner, more righteous place? Yeah, neither have I. In fact I've never heard a single comment remotely like that. But the next company Musk is involved with, suddenly, boom, you hear all of that all of the time, and you hear that it's all because of Musk.
So, Musk invested $30 million in Tesla in 2004, and now he's being paid several billion dollars every year. That's a pretty good return on investment -- it's pretty good for Musk, I mean. I'm not sure it's good for anyone else.
Would Tesla have gone under if not for that $30 million from Musk? It's hard for me to imagine that they would have. They raised hundreds of millions of dollars from other sources around the time they Musk put in his $30 million.
And now Tesla is making cars in China, home of those sweatshops which manufacture iPhones and Nikes and other products from companies which claim to be progressive. What's progressive about sweatshops? Why aren't more people asking what working conditions are like for Tesla employees in China?
What you hear more often than any other answer, when people like me disrespect Elon Musk, is that we're all jealous cause he's so cool and so successful and so brilliant.
Yeah. That must be it.
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