We agree. Tricking people is not okay. So let’s look back at some Elon Musk history:
Like when he tricked the Department of Energy and Daimler-Chrysler in order to save Tesla.
To be more precise, accounts doing parody impersonations. Basically, tricking people is not ok.
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 @E.W. Niedermeyer told us in this video: https://youtu.be/PU7QM3MZ2Vs
That announcement gave Daimler-Chrysler confidence to invest. That investment gave the government confidence to give Tesla the loan.
That loan made Tesla look good enough for an IPO, bringing in millions from individual investors.
Their SEC filing admits the loan was essential.
Years later Elon pulled the same trick. He tweeted, “Am considering taking Tesla private at $420. Funding secured.” That wasn’t true. There was no such funding.
But before anyone found that out, Musk had caused billions in damages to shareholders.
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