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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The thing is, that FTX crash wasn’t an anomaly. It’s a byproduct and symptom of the shaky and unregulated cryptocurrency industry that’s built to generate HUGE wealth for a tiny group of elites, while working people suffer the risks. Let’s take a look.
Skyrocketing grocery prices means holiday gatherings will be more expensive. But why are prices so high?
You can blame corporate greed and monopolies. 🧵
Grocery prices have gone up because mega-grocers (like Kroger & Walmart) have taken advantage of the inflation narrative to price gouge consumers and rake in record profits.
For every extra dollar you’ve paid on groceries this past year, 54 cents has been *pure corporate profit*
All of this is made worse by our heavily concentrated grocery system.
And now, of the largest grocery chains in the country, Kroger and Albertsons, are seeking to merge.
In 2008 when the Department of Energy opened a program to give loans to electric vehicle manufacturers, at first Tesla wasn’t a viable candidate because they didn’t have institutional support from traditional automakers.
Tesla couldn’t get support from traditional automakers because they didn’t have cash-on-hand…the kind of cash the DoE loan would provide.
So Tesla announced they got the loan before they’d even applied, as @Tweetermeyer told us in this video:
There’s a disturbing trend in U.S. Senate races this year:
Wealthy, pro-corporate candidates have been masquerading as working class allies or assuming faux-populist platforms to win.
JD Vance, Dr. Oz, Adam Laxalt, the list goes on.
We pulled back the curtain on their schemes.
Ohio: JD Vance vs. Tim Ryan
Vance claims he’s taking on elites. His donor list tells another story.
His top donor occupation is CEO. And his allies got rich creating the problems facing the working class Ohioans Vance wants to represent. perfectunion.us/jd-vance-claim…
Pennsylvania: Dr. Mehmet Oz vs. John Fetterman
Dr. Oz says he’s “America’s Doctor.”
But time and time again, Oz has enriched himself by selling out working people, and their trust in him, to the highest bidder. perfectunion.us/how-dr-oz-got-…
Billionaires are funding record campaign spending in 2022 midterm elections.
15.4% of spending on federal races has come from billionaires — up from 11.9% in 2020. And the top 1% of donors have given 38% of the total $$.
18 of the top 25 donors this cycle are Republicans, according to @OpenSecretsDC.
Billionaires make up 20% of Republican donations, compared with 14.5% of Democratic donations. nytimes.com/2022/11/03/us/…
Richard Uihlein, head of the packaging giant Uline, and Kenneth Griffin, founder of one of the largest hedge funds in the world, spent $135 million total on political advertising to help secure Republican control of the Senate.