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Sean Allen Fenn
@seanallenfenn
Methods of Prosperity 35. TL;DR Elon Musk took over as CEO of Tesla Motors in 2008. It was after a series of escalating conflicts and financial difficulties. Elon Musk ousted Martin Eberhard. Musk assumed leadership of the company as CEO and product architect. Tesla’s board of directors appointed Michael Marks as Tesla’s interim CEO, followed by Ze’ev Drori in 2007. In 2008, Tesla had delivered only 50 Roadsters despite having received more than 1,200 orders. Tesla failed to secure a $100 million investment round in October 2008. Alan E. Salzman allegedly blocked Tesla’s funding round. He was co-founder, CEO, and Managing Partner of VantagePoint. His motive may have been to gain control of Tesla Motors’ assets. Tesla Motors announced a debt financing round of $40,167,530 in November 2008. On December 23 2008, SpaceX received $1.6 billion as payment for twelve flights to the space station.
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Sean Allen Fenn
@seanallenfenn
Stay tuned for next week. When a few guys from the PayPal Mafia ask the following questions: Where’s there a void in the emerging Web 2.0 (a term retroactively applied to the new age of the internet)? What if there was a video sharing site where anyone can upload videos, and anyone can watch them? Why now?
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