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Tesla Had 5 Founders. Why Did Only Two Get Really Rich

Started by FL SAAC, November 24, 2022, 05:27:07 PM

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FL SAAC

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98SVT - was 06GT

#1
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
Previous owner 6S843 - GT350H & 68 GT500 Convert #135.
Mine: GT1 Mustang Track Toy, 1998 SVT Cobra, Wife's: 2004 Tbird
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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.
Current:
2006 FGT, Tungsten. Whipple, HRE 20s, Ohlin coil-overs. Top Speed Certified 210.7 mph.

Kirkham Cobra 427.  482-inch aluminum side-oiler. Tremec 5-spd.

Previous:
1968 GT500KR #2575 (1982-2022)
1970 Ranchero GT 429
1969 LTD Country Squire 429
1963 T-Bird Sport Roadster
1957 T-Bird E-model

FL SAAC

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
Living RENT FREE in your minds

All Time Post Count King !

Home of the "Amazing Hertz 3 + 1 Musketeers"

FL SAAC Simply the Best, much Better than ALL the Rest.

I have all UNGOLD cars

I am certainly not a Shelby Expert