December 22, 2023 – Elon Musk recently engaged in a conversation with Cathy Wood, the founder of Ark Investment Management, on his social media platforms, discussing a range of topics.
Musk revealed that over the years, all the companies under his name have gone through more than a hundred rounds of funding, and he has never allowed investors to lose money unless they choose to sell prematurely.
Furthermore, Musk disclosed that he could fully fund both the Boring Company and Neuralink with his wealth and resources, but he sees the value in having other investors involved. According to him, every additional investor is an ally, and having more allies is always a positive thing. It also helps in establishing valuations for the companies. Having other investors and valuations ensures that employees with stock options can have liquidity in the future.
Musk went on to say, “I think Tesla may have created the most millionaires in the history of any company.” This claim is backed by a recent ranking by Universum, which showed that SpaceX topped the list of most attractive employers for engineering students in the United States, followed by Tesla, surpassing giants like Google and Boeing.
While Musk’s engineering-centric culture is a core factor attracting engineering students, the generous compensation packages offered by his companies play a significant role. Musk is known for granting stock options to employees, and through the sale of stock, Tesla alone has made many workers millionaires.
