Ironops
Well-known member
SpaceX are doing pretty well.
Tesla
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Musk started a company called X.com, which was one of the first online banks. He left before X.com and Confinity merged, which had a money transfer service called Paypal. Musk returned and ran the merged companies for a while, then left - or was fired - but cashed his shares in when Ebay bought the company which had renamed itself Paypal.
How much he was involved in making it a success is anyone's guess, but he was a founder, so it must have been significant.
sherlock
Well-known member
You’re not letting me have anything. He wasn’t involved. That’s just fact.
sherlock
Well-known member
You’ve said it yourself.
PayPal didn’t exist until well after the merger. Musk had no involvement in creating PayPal.
SmallTown
Well-known member
OK if it makes you happy the guy involved in the company that became people wasn't involved in the company that became PayPal.
Now. Tesla safety, do you now realise why your impression may be incorrect given their high safety score?
sherlock
Well-known member
“ PayPal is the successor of a company originally named Confinity that came into being in 1998. Interestingly, Confinity wasn’t founded by Elon Musk, rather it was a brainchild of Max Levchin, Peter Thiel, and Luke Nosek.
The first digital payments version of Confinity was launched in 1999. By that time, a remarkably similar platform called x.com had come into being. X.com was founded by Musk, Harris Fricker, Christopher Payne and Ed Ho. Musk served as the x.com CEO.
In 2000, the two digital payments firms got merged with each other. However, combining the two firms did not turn out out be very successful. Elon Musk took over as the CEO in April 2000 and was fired in October 2000.
Later, Peter Thiel took over as the CEO of the merged company and the company got rechristened as PayPal in the year June 2001. PayPal launched its first IPO in February 2002 and later eBay purchased it for $1.5 billion. Elon Musk, who still held a stake in PayPal, made a windfall gain of $180 million from the sake and suddenly became super-rich. Later, he would invest this money into other ventures like SpaceX, Tesla and SolarCity.
So, Elon Musk was not a founder of Confinity which would go on to become PayPal. When Confinity was rechristened as PayPal, he wasn’t a CEO of the entity formed by merger of Confinity and x.com. Nor was Elon Musk the CEO of PayPal when it released its first IPO or when it subsequently signed a sale agreement with eBay.”
The first digital payments version of Confinity was launched in 1999. By that time, a remarkably similar platform called x.com had come into being. X.com was founded by Musk, Harris Fricker, Christopher Payne and Ed Ho. Musk served as the x.com CEO.
In 2000, the two digital payments firms got merged with each other. However, combining the two firms did not turn out out be very successful. Elon Musk took over as the CEO in April 2000 and was fired in October 2000.
Later, Peter Thiel took over as the CEO of the merged company and the company got rechristened as PayPal in the year June 2001. PayPal launched its first IPO in February 2002 and later eBay purchased it for $1.5 billion. Elon Musk, who still held a stake in PayPal, made a windfall gain of $180 million from the sake and suddenly became super-rich. Later, he would invest this money into other ventures like SpaceX, Tesla and SolarCity.
So, Elon Musk was not a founder of Confinity which would go on to become PayPal. When Confinity was rechristened as PayPal, he wasn’t a CEO of the entity formed by merger of Confinity and x.com. Nor was Elon Musk the CEO of PayPal when it released its first IPO or when it subsequently signed a sale agreement with eBay.”
sherlock
Well-known member
No, but I understand why you think that.
Musk is a fraud, wouldn’t trust anything he says or does. Remember this is the guy who said he’d give 6 billion to the UN WFP if they could outline how it could solve world hunger.
They gave him concrete plans and guess what, he refused to give the money.
SmallTown
Well-known member
So, why do you think Tesla are unsafe? I've shown you the ncap figures. And you could only counter with a recall on software under beta testing. You're welcome to your opinion but what are you basing it on?
The_Lizards_Jumpers
Well-known member
He really doesn't and he's explained why.
He bought Twitter out of arrogance, and has started the process of running a successful business into the ground. He left before it even became PayPal which was really driven by Peter Thiel as CEO, Musk was CEO of X.com which became PayPal for around 5 months.
sherlock
Well-known member
So safe….
US investigates Tesla for steering wheels that can fall off
U.S. auto safety regulators have opened an investigation into Tesla’s Model Y SUV after getting two complaints that the steering wheels can come off while being driven.
www.opb.org
The_Lizards_Jumpers
Well-known member
He was a founder of x.com, which he founded in 1999. A one year old tech / Finserv company, especially in those days will be founded and acquired, entirely on promise and potential - it's very unlikely that any processes, systems or IP that Musk developed (if he developed any at all) will have been around when PayPal was founded.
This was a time when VC funding was all over the place and M&A was common place, whether to buy up the competition or even bring clever people into other companies.
SmallTown
Well-known member
So, you have TWO complaints about faulty steering wheels and a recall on software that isn't even commercially available? Surely you can see this is a bit desperate compared to the scientifically proven safety from NCAP? I get why you are doing it, everyone needs confirmation bias and to read things that prove their view. It's just your attempts so far seem a desperate attempt to justify your bias and not really based on any solid fact? I get you don't like Musk, lots of people don't. I just don't understand why you have to try and trash a product from a company he is associated with. Especially when you seem to be basin your opinion on a feeling rather than on realitySo safe….
US investigates Tesla for steering wheels that can fall off
U.S. auto safety regulators have opened an investigation into Tesla’s Model Y SUV after getting two complaints that the steering wheels can come off while being driven.www.opb.org
sherlock
Well-known member
I really don’t care to be honest. I can see why Tesla owners want to defend them, nobody wants to admit they’ve been conned.
And this isn’t about attacking Musk, as I’ve pointed out he had zero to do with the founding and design of Tesla.
BiggEggo
Well-known member
S
https://www.bbc.co.uk/news/business-64867287.amp
one for your barrel if you think that residuals on used are not affected by price reduction on new.
Market conditions influenced by power costs affect all EV makes. Not sure why Tesla's faired worse than others with 3 of the top 5 for EV depreciation - if the car dealer mag is correct of course.
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SmallTown
Well-known member
No it's not that I want to "defend" anything. I'm explaining to you why they are safe, based on scientific evidence. An explanationyou are unable to counter with any meaningful facts, despite being so adamant you are correct. Maybe you should start to think WHY you can't find facts to prove your assumption Tesla are unsafe.
Also, I'm CERTAINLY not saying they are good cars. Just the reasons you have given for not liking them (cost and safety) don't appear to have any validity
SmallTown
Well-known member
The price drop in used cars was happening before the price cut to new ones. In the Tesla community the removal of parking sensors was a big factor
ThePrisoner
Well-known member
Wait until his Starship tries its maiden orbital flight in the next month or two. That is going to be craptacular and will probably incinerate a bit of Texas and Mexico.
BoroMart
Well-known member
"some models" is the key, this isn't an across the board model reduction. Mine costs more new than it did when I bought it.
Tesla's have been the massive market leader, it was always to be expected that traditional manufacturers would eat into market share, once they adopted EVs into their product range. The problm with comparing with other manufacturers is that of supply and demand. Tesla being in the game much longer and with more significant numbers of vehicles have a far greater supply of second hand vehicles than other manufacturers. In fact about half of all 3 year old EVs in the uk second hand market will be tesla. It can only really be measured when the competitor numbers are bigger in the second hand market.
Rofesleg
Well-known member
Cats drive Teslas?
