|
|
|
|
|
by Retric
755 days ago
|
|
> Not the founder? maybe read Walter Isaacson's book. The company was founded in July 1 2003, Musk didn’t even hear about the company until 2004. That’s a rather large gap to call someone a founder. But hey it’s an arbitrary distinction so feel free to disagree. > Stock graph shows Tesla had no material impact from the Solar City Purchase From the announcement of the purchase to its completion Tesla’s stock dropped ~20%. Buying or creating a solar company in house made sense, over paying to bail out a relatives solar company he was involved with didn’t. Solar City was in 1.5 Billion dollars in debt, their business model was failing, and they had just laid off 20% of their workforce so yea Tesla shareholders got hosed. |
|