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Author Topic: Tesla Had 5 Founders. Why Did Only Two Get Really Rich  (Read 378 times)

FL SAAC

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Tesla Had 5 Founders. Why Did Only Two Get Really Rich
« on: November 24, 2022, 05:27:07 PM »
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98SVT - was 06GT

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Re: Tesla Had 5 Founders. Why Did Only Two Get Really Rich
« Reply #1 on: November 24, 2022, 06:07:24 PM »
Don't forget Henry Ford lost his first two car companies. The first just died the second became Cadillac. He started the current Ford with 28 investors and ended up buying them out when he wanted to put money back into the company but the investors sued him for dividends. That created the Ford family stock that controls the company today.
Henry got really rich and I'd consider the 25 million that the Dodge Brothers got or the 30 million that Couzens got in the 1920s to have made them really rich.
The Tesla guys forgot the first rule - neither of them retained enough Tesla stock to achieve billionaire status
« Last Edit: November 24, 2022, 06:12:25 PM by 98SVT - was 06GT »
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Side-Oilers

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Re: Tesla Had 5 Founders. Why Did Only Two Get Really Rich
« Reply #2 on: November 25, 2022, 12:42:06 AM »
Brett:  Maybe they wanted to get away from Musk, and sold their stock as a "f him, I'm out of here" type thing.

Not a smart long-term financial move, but I can understand that sort of motivation.
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FL SAAC

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Re: Tesla Had 5 Founders. Why Did Only Two Get Really Rich
« Reply #3 on: November 26, 2022, 07:33:03 AM »
Quote from: 98SVT - was 06GT on November 24, 2022, 06:07:24 PM
Don't forget Henry Ford lost his first two car companies. The first just died the second became Cadillac. He started the current Ford with 28 investors and ended up buying them out when he wanted to put money back into the company but the investors sued him for dividends. That created the Ford family stock that controls the company today.
Henry got really rich and I'd consider the 25 million that the Dodge Brothers got or the 30 million that Couzens got in the 1920s to have made them really rich.
The Tesla guys forgot the first rule - neither of them retained enough Tesla stock to achieve billionaire status

valid points
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These cars are meant to be driven so enjoy the hell out of all of it. Not just the look of it when its all cleanCS

A person without a sense of humor is like a wagon without springs.It's jolted by every pebble on the road

Florida S.A.A.C Love All-Serve All, Take Time To Be Kind

I have a UNGOLD car
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