Technology

The biggest irony is that with Emerald Boy 100% preoccupied with Twitter, his other companies are flourishing.

I worked for a guy, many years ago, small scale version of Musk. Guys like that hate to be contradicted. He had gone into partnership with my old company - which was a digital election company (back in the 90s and early 00s). We prided ourselves on our security and anonymity measures. Under this new company, this guy because CEO, and the first thing he did was tell everyone we could make “millions” by selling user data. I pointed out that violated out privacy and anonymity standards, and not even the next day I was reprimanded for speaking out.

You don’t need to be a billionaire to be stupid. Affluent is enough of a threshold. These are all grifters, granted many being successful. The grifters in this company were big fish/little pond. But they ruined a lovely little company that could have been stable and steady, recession-proof income for decades. Instead, they grifted the angel investors, ran the company into the ground and ended up spawning dozens of competitors in the field whereas before there were only 2 or 3.

These guys go from start-up grift to start-up grift, maintaining their affluence on the investor’s dime. I would say they, and the vulture capitalists they dance with deserve each other, but unfortunately, regular folks are always the collateral damage.

Musk was likely always an idiot, but was propped up by money, and earlier on either knew his place (as the “faceman”) or was adroitly distracted from direct involvement with the actual running of the company he bought.

Love Cody's Showdy.

He does indeed have a history of paying his way into looking like a visionary and/or an engineer. He bought into Tesla in early 2004, it was founded in mid 2003.

His comfort zone was convincing people to give him money for one really ambitious thing, and then using that money to achieve some other thing (that no one would have given him money for) that is sort of on the way, but which has commercial value to him.

For example, he has repeatedly said his companies will deliver full self-driving cars by dates that have passed - and convinced investors to get him in a position to compete with companies like Toyota, promised a 'hyperloop' and got funding to compete with other horizontal drilling companies, promised to send people to mars and got to compete with other satellite technology companies.

So making big promises paid off for him. For the investors, in terms of long term value, they might have been better off investing in existing companies he ended up competing with.

But I suspect he is now outside his comfort zone, and might not even realise how far out of his depth he is.

The most convincing argument that elon does a lot of cocaine is just listening to him speak in a less formal interview.

BUT! I don't think he used to be actually smart, just lucky. Too many people assume "succesful" people had to have done something exceptional to earn it, but 99% of extremely wealthy people acquired that extreme wealth through a simple combination of luck and startup capital (which of course they have because they are lucky).

He purchased his companies from other people who had already developed the ideas. The only patent with Musks name on it for Tesla is the charging port that is proprietary so other electric vehicles couldn't use tesla charging stations.