Connect with us
elon-musk-ted-talk elon-musk-ted-talk

News

Elon Musk re-clarifies story of Tesla’s early days and how it was founded

Credit: TED/YouTube

Published

on

During his appearance at TED 2022 earlier this month, Tesla and SpaceX CEO Elon Musk remarked that his condition — which he has revealed to be Asperger’s — has made him obsessed with the truth. Musk noted that his obsession with truth is what made him study physics since the field essentially attempts to understand the truth of the universe. 

This obsession with truth is perhaps the reason why Musk has been very adamant about setting the record straight when it comes to the founding days of Tesla. It has long been stated that Martin Eberhard and Marc Tarpenning were the founders of the company, with Elon Musk coming and JB Straubel coming in months later. This is something that Musk has been keen to correct as of late. 

During his TED 2022 appearance, Musk stated that his worst business decision was probably the fact that he didn’t just start Tesla with JB Straubel. Musk stated that he didn’t invest in a company. He, Straubel, and the other individuals listed as Tesla’s founders created a company. One that became the world’s most valuable automaker with a valuation of a trillion dollars.

Musk recently reiterated these points in a set of tweets following a post from Vaibhav Sisinty, the CEO and founder of GrowthSchool. Sisinty posted a “reminder” that Musk was not the founder of Tesla, and he simply acquired the company. It did not take long before the Tesla CEO decided to correct the narrative — and provide some new insights on Tesla’s early days in the process. 

“Not even close to that. It was a shell corp with no employees, no IP, no designs, no prototype, literally nothing but a (business) plan to commercialize AC Propulsion’s T-Zero car, which was introduced to me by JB Straubel, not Eberhard. Even (the) name ‘Tesla Motors’ was owned by others!” Musk wrote

Advertisement

Musk stated that if one were to follow the logic adopted in the narrative that paints Eberhard and Tarpenning as the founders of Tesla, then he’d be the only “founder” of PayPal since he started the company that eventually became the online payments giant. Such an argument, Musk noted, does not hold water. 

“If filing a shell corp constitutes “founding a company,” then I’d be the only founder of PayPal, since I filed the original incorporation docs for X.com (later renamed PayPal), but that’s not what founding means. When Eberhard was fired unanimously by the board in July 2007 (for damn good reasons), no one left with him. That says it all,” Musk wrote

Musk added that ultimately, if Tesla’s supposed founder was really capable of creating a car company, he would have already done so after he was terminated. This was certainly the case with some individuals who were at one point linked to Tesla and its electric vehicle development. Lucid CEO Peter Rawlinson was involved in the development of the original Model S, and Fisker Inc. founder Henrik Fisker worked on the design of Tesla’s flagship sedan at one point. 

Considering that both Rawlinson and Fisker are still active in the electric vehicle sector today, perhaps Musk’s point about Tesla’s co-founders is a fairly valid sentiment. 

Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.

Advertisement

Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

Advertisement
Comments

News

Tesla eyes two new states for Robotaxi

Published

on

Credit: @TerrapinTerpene/X

Tesla has officially shown that it is eyeing two new states for Robotaxi operation in the U.S., as it hopes to add the new areas to its ever-growing list of places where the suite is either active or in the testing phase.

Tesla first launched its Robotaxi suite in Austin, Texas, in late June. It expanded the suite to the San Francisco Bay Area just a month later. Since then, it has not launched any public rides in any other states, but it has gained several approvals for early testing.

Tesla officially launches Robotaxi service with no driver

In preparation for operation in new states, Tesla routinely lists job postings on its Careers website, which helps align potential employees with opportunities ahead of regulatory approvals. This is a strategy that allows Tesla to start operations immediately upon licensing for testing.

Tesla started hiring Vehicle Operators for Autopilot in Arizona and Nevada months before the company gained any sort of approvals from state governments for Robotaxi. However, those approvals eventually came in the form of testing licenses, which allow the company to perform validation ahead of its public launch.

Tesla begins validating Robotaxi in a new area, hinting at expansion

Now, Tesla has posted job listings for Vehicle Operators for Autopilot in two new states: Colorado and Illinois. The Colorado job listing is located in Aurora, a suburb of Denver. Tesla is looking for Robotaxi operators in Chicago as well.

These postings hint toward Tesla’s continuing efforts to expand Robotaxi to new places. Earlier this year, CEO Elon Musk said the company would like to have Robotaxi available to at least half of the U.S. population.

It has expanded significantly since its initial launch in late June, but it is still a far way off from where Tesla would like it to be by year’s end.

So far, Tesla has job listings for Autopilot Vehicle Operators in Arizona, California, Texas, Florida, Colorado, Nevada, and Illinois.

Continue Reading

Elon Musk

Tesla launched an ad for Elon Musk’s pay package on Paramount+

Published

on

Credit: Tesla

Tesla’s advertising strategy has taken a drastic turn as the company’s upcoming Shareholder Meeting will feature perhaps the most crucial vote in its history: the approval of CEO Elon Musk’s new pay package.

For years, the issue of Tesla’s advertising and marketing strategy has been a major point of conversation for investors in fans. It seems to be split right down the middle, with half wanting Tesla to set aside some money for advertising. The other half, just the opposite.

Tesla has been transparent that the money it would spend on advertising, marketing, and public relations is better set aside for the development of future products.

However, it has recently adopted a different tone in advertising, pushing some commercials on social media platforms like X and Instagram.

For the first time, an ad was seen on streaming services like Paramount+, but it wasn’t promoting Tesla’s products directly. Instead, it was more of a message for shareholders to vote on Musk’s pay package, something Tesla feels is a necessity:

“The future of Tesla is in your hands,” the ad reads at the end. It seems as if Tesla is taking whatever steps it needs to accomplish the task of getting Musk a new pay package and retaining him as its CEO.

On September 5, Tesla officially outlined its plans for a CEO Performance Award for Musk. It would require him to lift Tesla’s market capitalization to about $8.5 trillion, up from the $1.36 trillion it sits at today.

Elon Musk’s new pay plan ties trillionaire status to Tesla’s $8.5 trillion valuation

It is obvious that Tesla is really hoping to get the pay package passed and is willing to shift some of its budget to encourage shareholders to vote.

However, there are some interesting perspectives on the move, and it’s sort of strange to see Tesla not advertising its vehicles or products, but only its pay package that would get its CEO paid.

Some of those who saw the ad are questioning the strategy:

Continue Reading

News

Tesla Robotaxi testing in Arizona is ramping up quickly

Published

on

Credit: Tesla

Tesla is validating Robotaxi in a new area, and as the company has continued to gain some additional permissions to begin testing in new states, it seems its Full Self-Driving-based ride-hailing project is moving toward a larger footprint.

Two Robotaxi units with LiDAR validation equipment were spotted in Gilbert, Arizona, recently, showing that Tesla is aiming to launch its ride-hailing service in the state soon:

Another unit was spotted in Tempe, Arizona:

These types of validation vehicles have been spotted in several areas ahead of their launch as a public ride-hailing service for passengers. Tesla first launched Robotaxi in Austin, Texas, back in late June, and since then, it has expanded to the Bay Area of California.

However, Tesla has continued to attempt to expand Robotaxi to other areas as well, including Nevada and Arizona. It has also been working toward approvals in other states based on job postings, as Tesla is hiring for Autopilot Vehicle Operators in New York and Florida, as well.

The expansion of the Robotaxi ride-hailing service has been an effort that Tesla has been spending a lot of time on over the past few months. CEO Elon Musk said the expansion aims to bring Robotaxi to at least half of the U.S. population by the end of the year, but there is still plenty of work to be done.

Tesla Robotaxi heads to a new major Texas city for the first time

Tesla did make its Robotaxi app public in recent months, allowing more members of the public to experience the suite for themselves, as long as they could get to Austin or the Bay Area.

In the coming months, it seems more apparent that Tesla will take a broader focus on expanding Robotaxi, especially with the fact that these validation vehicles are being spotted throughout different parts of the United States.

Continue Reading

Trending