Everything seemed to smile for Elon Musk until the acquisition of Twitter that turned into a hellish spiral. But not everything was a bed of roses for the billionaire.
As of early 2022, Elon Musk was still the richest man in the world. Tesla experienced record capitalization, SpaceX managed to send rockets into space and bring them back intact… Suffice it to say that the billionaire was seen as a historical figure by many for his insolent successes. But that was before he became one of the techno brothers » the most hated in the world.
The Failure of Twitter
As early as April 2022, Elon Musk is buying millions of Twitter shares before finally making a tender offer. A real confrontation ensued during which the owner of Tesla tried to back down, find excuses and ended up in court, forced to pay 44 billion dollars for ” release, release” the blue bird.
This circus ended in October, giving way to a new hellish whirlpool for the company, its employees and its users. Much of the payroll has been laid off, a good number of vendors have been let go, certification has been paid for, then gone, then back to gold and now squared for companies, journalists have been banned, and Elon Musk turns out to be just as tyrannical as he is. undecided.
During this period, the businessman is much less concerned with his other businesses, which is criticized by many shareholders who see the share price drop significantly. Everything indicates that Elon Musk voluntarily makes the worst decisions every day, taking him very far from the image of theentrepreneur(with the help of his father’s emeralds) who turns everything he touches to gold.
But this image was already very flattering, since the one that some call “Karen Spaceexperienced several failures in his life. Here’s an anthology.
The day he was fired from his own company
We’ll spend the day when, still young, he went to Netscape (a company that was recruiting at full speed at the time) with his resume in hand and waited in the lobby without daring to approach anyone. He ended up leaving without turning in his résumé and starting his own company, Zip2, which he sold to Compaq for several million dollars. Instead, let’s start the story of X.com, his online bank founded soon after.
Already at the time, he was known for his outbursts, capable of turning red when his collaborators left at 9 pm. Also, when X.com merged with its competitor Confinity (a merger that later became PayPal), not everyone cared. As Musk cooed to Sydney for his honeymoon, X.com employees conspired to fire him, convincing the board to appoint Peter Thiel as the company’s CEO.
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He still stayed with the company (then PayPal) keeping his shares. It raised 180 million during the acquisition by eBay.
Tesla hasn’t always been the thriving business it is today (or was earlier this year). In its early days, the company was on the verge of bankruptcy on several occasions due to its considerable investments and very timid revenues. Until recently, Elon Musk himself explained that Covid had dealt a heavy blow to Tesla’s activity. Business lockdowns in China have cost its Gigafactory in Texas and Berlin thousands, if not millions, of dollars.
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But what has marked consumers are the repeated delays. Not only has the American manufacturer suffered from numerous delays in delivery and production, but since 2014 its great guru has announced the arrival of a 100% autonomous car. The one that will no longer need a driver and can serve as a robot taxi. Elon Musk predicted over a million on our roads in 2020.
Since 2014, Elon Musk has reiterated his promise every year: “Tesla’s 100% autonomous driving is coming next year“. In May 2022 he repeated it again. By the end of the year, however, he was already less confident. We can therefore imagine that he will renew his promise in 2023…
100% bulletproof cybertruck broken on stage
This glitch is funnier than anything else. In 2019, Elon Musk took the stage to present the Cybertruck, this electric pickup truck with a futuristic look. The effect “Wowis there, the room marvels at this very special vehicle, different from all the others in circulation. We can say that it is a real success, until the moment when the director of Tesla’s design pole wants to prove the solidity of his new baby.
The first test was pretty convincing: the big sledgehammer given to the truck door didn’t scratch it. The second test was a bocce thrown at the side window and supposed to bounce. Just supposed.
Amazed by the result, Elon Musk and he restarted the operation… and broke the rear window. A huge moment of embarrassment for the two men who wanted to do a tour de force.
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The next day, Elon Musk will explain that the sledgehammer on the door weakened the window… But that doesn’t explain why the second one also broke. Well, anyway, the pickup has been delayed again and won’t be released before 2023, enough to review this little problem.
The Hyperloop Tunnel
Creating self-driving cars, sending people to Mars… these are crazy projects where Elon Musk has advanced the state of the art. He also set himself another challenge: that of destroying the corks. His idea? A Hyperloop! Initially, it was a new means of transport, at the same time ecological and faster than the plane, capable in theory of reaching more than 1100 km/h. In theory.
In practice, implementation proved to be much more difficult than expected, even with the combined efforts of several companies. Transporting people was finally abandoned in 2022.
Elon Musk’s anti-traffic project turned into an automated tunnel. A pretty revolutionary project on paper that turned into hell for claustrophobics causing… traffic jams.
Dead monkeys “but without cruelty”
Another Elon Musk company that talks a little less about this: Neuralink. Its goal is to allow transhumanism with chips implanted in the brain and connected to electronic devices to control them by thought.
Obviously, to carry out such a program, Neuralink did not directly open a human’s skull to install a Bluetooth chip, but began its studies in monkeys. However, polls seem to show that the tests were a bit hasty,”causing unnecessary suffering and death“. In total, there are 1,500 animals that the company would have slaughtered.
Neuralink denies this, stating that all experiments were conducted within a framework “habitual“, in accordance with the American laws on the subject and”cruelty free“. A federal investigation is underway to determine the veracity of these remarks.
Your tweets tracked by a legal team
As we know, Elon Musk tends to tweet a little too quickly what he thinks. A little too much at times. The problem arises when he talks about his business and his millions of followers are interested in what he says he invests or not. If he participated in the rise of certain cryptocurrencies like Bitcoin or Dogecoin, he also made Tesla’s stock price very volatile.
This attitude ended up irritating some of them, mainly in the SEC (theSecurity and Exchange Commission, which regulates the stock market on Wall Street). Judging that the owner of Tesla was manipulating the market, the SEC ended up getting Elon Musk to have his activity on Twitter checked in advance by legal advisors. About to put parental controls on your phone…
What does this tell us about Elon Musk
In short, you must have understood that Elon Musk’s journey is not a SpaceX rocket to Mars, but rather a very hectic roller coaster. And here we only mention his professional life, his personal life being equally chaotic.
Still, he bounced back from a large number of his failures to exit brilliantly (and despotically). But what will happen to Twitter? Will your perseverance be able to counterbalance your authoritarian and erratic character? Only the future will tell us.
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