Elon Musk has spent decades building something big: himself.
And it’s worked. The myth of Elon Musk as the “good billionaire” or the “visionary genius” has made him a lot of money.
So we fact-checked these myths.
Myth One: Elon Musk is the visionary founder behind Tesla
Tesla was founded by Martin Eberhard and Marc Tarpenning, not Elon. He bought in later. Then he became CEO in 2008 and started a media campaign (centering himself) to get government loans and investments.
Myth Two: Elon Musk cares about our environment
Tesla exploits government climate programs to stay afloat.
Just one example: by selling carbon credits to polluter companies, Tesla cancels out the environmental progress they’ve made.
Myth Three: Tesla is successful
Tesla has recalled over 3.7 million vehicles this year alone.
And the company isn’t even profitable — some of the only profitable quarters it’s had were the result of selling carbon credits.
Myth Four: Elon cares about free speech
Elon Musk fired at least one employee for trying to organize a union at Tesla.
Myth Three: Elon Musk cares about free speech, continued
When a Tesla employee came forward to Musk & Tesla HR, alleging that his manager called him racial slurs and that he saw a fellow Black coworker beaten with a chair, he was fired.
Myth Five: Elon Musk is a self-made, respectable businessman
Elon Musk lied his way to the top by lying to investors for money, lying to the government for federal loans, and lying about technological advancements that his company hadn’t achieved.
Myth Six: Elon Musk is a good CEO
After Elon Musk was ousted from PayPal, CFO Roelof Botha said:
“It would have killed the company if Elon had stayed on as CEO for six more months.”
He allegedly hid serious financial issues from the board.
(And just look at the Twitter mess)
Myth Seven: Elon Musk is a genius
All it took was $8 and 10 minutes to expose Elon Musk’s greed and show he barely thinks through any of his grand ideas.
Elon Musk is no better or well-intentioned than other billionaires.
He’s just good at acting like it.
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Unprecedented wildfires are ripping through the Los Angeles area, and the state’s wildfire fighting force often includes incarcerated workers making as little as under $6 a day.
🧵
2) California has dozens of “fire camps” throughout the state for incarcerated people to fight wildfires.
They work in “hand crews” to dig trenches, clear vegetation, and perform other “dirty work” to help make putting out fires possible. smithsonianmag.com/history/the-hi…
3) Despite the fact that these workers can make up nearly a third of the force battling the state’s wildfires, they’re paid between $5.80 and $10.24 per *day*.
The number of inmates willing to do this work has plummeted from a peak of more than 4,000 in 2005, to less than 1,800 today, even as fires have gotten deadlier. latimes.com/california/sto…
President Biden has officially blocked the sale of U.S. Steel to Japanese giant Nippon Steel for $14.9 billion.
"Without domestic steel production and domestic steel workers, our nation is less strong and less secure," Biden said.
Despite extensive lobbying by Nippon, United Steelworkers opposed the deal over concerns including that Nippon would seek to renegotiate their existing contract, which expires in September 2026, and could pursue layoffs and plant closures. washingtonpost.com/business/2024/…
Biden first announced his opposition to the deal last March. In September, his admin told Nippon in a letter that that the sale would damage American steel production and pose a national security risk. reuters.com/markets/deals/…
The FTC is suing the biggest alcohol distributor in the country, and it matters a whole lot more than you think.
It could even change the price of your groceries.
Here’s why you should know about the Robinson-Patman Act. Thread.
The Robinson-Patman Act requires suppliers to offer the same prices and terms to all buyers. Passed in 1936 to protect small businesses, the law meant that big chains and corporations couldn’t get discounts that weren’t available to mom and pop shops. ilsr.org/articles/the-c…
But in the 1980s, the FTC simply stopped enforcing it.
Since 1982, the market share of independent retailers has fallen from 53 percent to 22 percent, according to the @ilsr.
The Lambeau Field vendors who provide endless beer for Green Bay Packers fans have approved a new union contract with huge raises — doubling pay for some workers. 🧵
More than 90 drink vendors work at Lambeau Field, employed by the corporation Delaware North. They unionized last year with the independent union @MASHworkers, which also represents workers at the home arena of the Milwaukee Bucks.
The FTC has also recently reached a settlement with Invitation Homes, the biggest owner of single family homes in the U.S.
The company is returning nearly $50 million to tenants after concealing the true price of rent and skimming security deposits. /3 substack.perfectunion.us/p/this-corpora…