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Elon Musk’s Ponzi Scheme
The Truth Behind The Tesla, SpaceX and Solar City Scandals
Elon Musk and The Biggest Ponzi Scheme in History
The Tesla and SpaceX CEO is an eccentric billionaire with a penchant for Hollywood and pop culture. In the past, he has been photographed wearing a homemade space suit and rolled out a plan to colonize Mars. He has also come under scrutiny for his views on AI and electric cars.
With Tesla, SpaceX, and the recently announced SolarCity, Musk has built himself a sustainable business empire. His ‘Ponzi scheme’ label stems from the fact that his businesses were conceived as a way to make money from other people’s money. But is this fair? Or is the criticism unwarranted? Let’s dig deeper…
Elon Musk’s Ponzi Scheme: The Facts
Musk first exhibited his odd personality when he was just 11 years old. He reportedly smoked his first joint at age 12 and was arrested at 22 for violating the ‘Assault in the Third-degree’ law by punching a neighbour.
Musk has also been known to exaggerate his achievements hyperbolically. He listed his achievements as an engineer, businessman, and philanthrope at a conference. He also embellished that he was the youngest person ever to receive a degree in…
