Without these guys, there would be no Tesla. Without Musk, Tesla wouldn't be where it is today. I guess the lesson is that sometimes people cross paths for a good reason & things work out the way they do for the better.
@@gofish7388 It really seems more like: without some rich person who was semi-frivolous with their money, Tesla wouldn't exist. I don't think Musk has any unknown qualities, apart from other millionaires and billionaires, that would have made or broken Tesla.
Things Eberhard and Tarpenning won't mention: * That they in turn are denying Gage and Cocconi credit (the people who actually built the powertrain that they wanted to put in a Lotus * That when Gage and Cocconi directed Musk to them, he was already working on starting an EV company with the exact same business plan as Eberhard and Tarpenning (though he was pursuing using a Noble as the chassis - same powertrain, though) * That when Musk was introduced to them, they had basically a shell of a company with no tech of its own and didn't even have the trademark rights to their own name. They were hardly any further along than Musk was. * That the reason Elon was only the fourth CEO was that despite repeated attempts by others to get him to take the role, he kept refusing, because he was busy with SpaceX * That Eberhard was kicked out of the CEO role not by Elon, but by a unanimous decision of the board, including a person he personally appointed, for repeatedly lying and hiding information about the company's dire straits - dire straits that he led the company into. * That Eberhard was literally quoted as saying that if anyone finds out about [what was going on], he'd be fired. (He was) * That the board wanted to sue Eberhard due to how much he had screwed them over, but decided not to because it would be bad PR. * That despite Eberhard - like Musk - being independently wealthy, he put little of his own money into the company; Musk shouldered the risk. Including nearly bankrupting himself cleaning up Eberhard's mess.
wow I love going to the comments under any video and seeing people that are actually aware of the bigger picture because you'll never find this level of nuance online
@@spenser6353 for all intents and purposes being a founder doesn't matter if you are going to drive the company into the ground as mentioned by Karen, even if Elon was employee 100, what matters is that he brought it to where it is today as the world's most valuable car company (whether or not you agree with its valuation). There are many other companies we love today where employees who came in much later changed the game for them.
MARTIN EBERHARD LOVES TO LIE ABOUT ELON! Notice how he interrupts just to sneak one last sentence in saying Elon calls himself a founder. Elon never said that
@@user-ct1lf3hf1v Do you keep a diary of everything Elon says? Chances are if they are going on the record saying that, EM probably said it. I am a small shareholder and like Musk. But it doesn’t take a genius to notice he has a huge ego and it looks like that’s what the founders were alluding to. People are easily blinded into absolute infatuation with Musk giving him a beyond reproach god like status without really knowing anything other than a public persona.
Beard guy = Martin Eberhard, who Musk said in an interview, was the worst person he has ever known in his life. Looking at his demeanor, Martin Eberhard looks like he might have ADHD. Also eccentric and nerdy.
These guys are jealous. Elon put down $6.5 million of the $7.5 million to start Tesla. Elon literally put all the money down 6 months after the "paper work" was filed to incorporate Tesla. Without Elon, Tesla did not exist. These guys had the idea, but Elon absolutely is a founder. Eberhard even agreed in 2009 that Elon was a co-founder. These guys are jealous.
Omg these guys are not jeaolus. They had the idea and invention and Elon had the money to be financier. A lot of the times inventors don't have the money to put thier products into commerce.
@@123-e3h1y I think most initial prototype starts off disappointingly, limited by the technology of that time, i.e. Samsung's fist few phones, maybe the first few PCs, game consoles, etc.
I can imagine that Martin(the beard guy) is always the one making the presentation because he is forward. While Marc(the polite guy) is the one who convinces the investors because he is more intuitive.
Elon was the original investor. Elon put down $6.5 million of the first $7.5 million used to start Tesla. Elon is a founder as much as these guys are. Tesla would not have existed without Musk paying to start it.
Here let me fix that for you: The idea was too crazy for ordinary investors, so they found a guy even crazier... Lol sounds like the opening of a movie...
2008- the final few hours on the final day of the funding round, and Tesla on the brink of collapse, and Elon tells the shareholders that his gonna raise the required 30 million to save the company, and they asked him how he was gonna do that He replied " I'm going to put it in myself "
That doesn't make him a hero. Hes just a rich white dude. His contribution of funds is ultimately important and we also should not conflate his money to mean he's more than the financier who gets to be eccentric because he has the money. To be clear I have a disdain for wealthy never had to try white men, and I am a business owner and see many friends who businesses have gotten funded from types like him and they always do tooooo damn much and get in the way but hey they have the money so automatically they are brilliant...conflation lets work on not doing that and making white men be priased off merrit lile they tell everyone else 😑 like they always ready to tell others to work hard and rely on self... but ...
@b real Fake news. The money that saved Tesla along with Elon's was a investment from Daimler. The DOE loan was much later during the making of the Model S and was returned early within a year or so when they went public.
A very genuine pair of guys. It is nice to see their friendship stood the most vigorous of tests and survived (to all appearances) unscathed. It is also clear to see the anguish that Mr Eberhard keeps hidden beneath the surface, such that it is hard not to feel a swell of sympathy for him. I tip my hat to their genius.
10:45 in to this video Wait a second way to second. I thought that the beginning of this video was that elon was not one of the founders. But 10:45 It says Elon invested 6.5 million, and that's when the business was created 🤕 So you wanna didn't come up with the invention you all did, but y'all didn't start your business without His investment into your company. Meaning that he is one of the founders that started the business. It is sales to me that you guys are very confused because you'll have an idea without a business, and it wasn't until Elon invested into your company that you created a business. Which makes him one of the founders 🤯
@@randomhuman3862 The McDs founders were well before McDs went public. Not much connection at all except for the name. Founders of tech companies or inventors OTOH actually put a lot of work behind their work and deserve more reward.
It's a post-facto manufactured connection. In October 2003, Harold Rosen, the brother of Ben Rosen (chairman of Compaq, who bought my first company), invited me to lunch with himself and JB Straubel. They told me about a company called AC Propulsion that had developed an all electric sports car called the Tzero with a range of 300 miles, a 0 to 60 mph time of under 4 seconds and a lithium ion battery pack with seven thousand cells (email A below). A few months later, I met with Tom Gage, president of AC Propulsion, who gave me a test drive in the Tzero, which confirmed their claims. Over the course of several months, I tried repeatedly to convince AC Propulsion to commercialize the Tzero, but they were not interested. When I said I was moving forward with creating an electric car company anyway, Tom Gage offered to introduce me to one of two groups that were interested in commercializing the Tzero concept (email B below). The first one they introduced me to was Martin Eberhard and Ian Wright. - Elon Musk ( who even published the emails regarding this )
Elon never once claimed he was a founder of Tesla. That title was given to him by the media and anyone who thinks they know the story. In this video, the interviewer did not clarify that possibly due to ignorance or just mindlessly reading from script.
@@YoureWokeYoureBroke not really strange because originally he isn't the founder but I personally believe they made him co-founder. we dont know what was the agreement when they went to look for Elon to join them.they wanted Elon,Elon was busy doing Rockets.they wanted Elon to join them because they new without a guy like Elon they was little chances to make it.who knows if they agreed to make him a co-founder?if he isn't the co-founder why does wiki makes him the co-founder?Elon never said he is the founder so this title is absurd...
Congratulations to CNBC for making this report and put into a spotlight these two founders whom had the Vision to save the world and worked very hard to make their innovations and ideas come true. My total admiration for thoses braves and awesome entrepreneurs .
@@esco466 wow. Tell yourself lies so you can praise your 24/7 tweeting twit Elon daddy Musk. Tell Elon to go tend to his kids if hes not going to work but tweet all day!
10:45 in to this video Wait a second way to second. I thought that the beginning of this video was that elon was not one of the founders. But 10:45 It says Elon invested 6.5 million, and that's when the business was created 🤕 So you wanna didn't come up with the invention you all did, but y'all didn't start your business without His investment into your company. Meaning that he is one of the founders that started the business. It is sales to me that you guys are very confused because you'll have an idea without a business, and it wasn't until Elon invested into your company that you created a business. Which makes him one of the founders 🤯
@@davefx7949 but it is the biggest and the other electric car companies probably wouldn’t be here if it wasn’t for them. Tesla made electric cars cool. All the electric car start ups before Tesla went bankrupt.
and they left out the part where Elon got 1st car off the line and Ebhard was suppose to get the next one ...but Elon gave him a wrecked demo and sent Ebhard's car into space ...just ruthless he prob was not allowed to talk about that ...I'm so glad they are getting their due
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@@spblackey He sued because he was butthurt for being turfed out. If he had principles, there would be no non-disclosure agreement in place, as he would have refused to sign one for cash.
This was filmed in 2019, so we don’t know if they held their shares all the time since or not. If I were them I’d have sold some of my shares, if not all my shares, by now. At some point you’ve got to start locking in your profits, so that they’re not all just on paper.
With out Elon, Tesla would have most likely failed. Elon has a right to take credit. Tesla is going in his vision and will continue so. These guys had the right idea but did not have the ambition and know how to get Tesla to where it needs to go. Elon was the only guy who could have done it. I could see the pain in the founders eyes. But they too know Elon and Tesla were meant for each other.
@@theholt2ic219 That’s not true. That’s all speculation. There are plenty of people who are not Elon who created successful companies….. who knows where these two men could’ve taken it….
@@abdelmohamed3812 VCs are never considered founders... theyre called venture capitalists because they supply capital. VCs dont supply ideas, labour, or skills. They dont actually perform work on the company. Elon didnt do these things until after the founding
Within a minute of those two talking you could see why they would be such a great team. I could listen to those two tell stories for much longer. Excellent video!
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I first noticed Tesla when I noticed on tech blogs news about the feud between these two person Eberhart and Elon over an Electric car startup company. These guys seem very nice, reminds me of Steve Wozniak. The typical tech startup taken over by a charismatic visionary business man.
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I was fortunate to be a series A investor in Tesla as well as NuvoMedia, their rocket ebook company. These are fantastic engineers and great guys and deserve a lot more credit for Tesla than they normally get. Everything they say in this interview is true. Nice that they can set the record straight.
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I wish I had invested back then I followed this company since inception but I was young dumb and full of…. It never ever sat well with me that Elon took all the credit. He really hasn’t done much other then pump stock take profits and spend everyone else’s money except his own. All while claiming to want to save humanity. Now would I be complaining about my investment not at all. You were smart investing in these two gentlemen you were lucky a grifter like Elon pumped it like a inflatable woman 🍺
@@slackbomb Without proper leadership Tesla would not be a multi billion dollar company. These gentleman left their leadership roles in 2007. So from 2007-2022 the company miraculously became the largest EV company in the world. This notion that he sat around and did nothing is absolutely stupid. A grifter does not lead several companies into multi million/billion dollar valuations with Tweets.
Fact of the matter is Elon was acting like he started and also build Tesla from scratch and I dislike people who are like that, show respect to the actual founders who came up with the idea and ran risky tests... Elon was a crucial member ofc but acting like you were the only person to develop this company and technology is disgusting
@@armanithompson1029 No. One interview that I watched E Musk said " he did not name the company Tesla" The name of the company was already Tesla and he just kept it. This guy was saying He wanted an electric sports car for himself. Elan Musk wants a fully automatic self driving car with all the technology and also linked to all the other companies he was planing on building (solar eneryg, battery, so on so forth. Obiously, they put some time and effort trying to figure out a way to build a sport electrci car, but Elan Musk wants everybody to drive an electrci car not small group of people. The vision is completely different.
@@niveax6112 ....He literally mentioned the climate Crisis and oil fueled wars as reasons he wanted to make electric cars those are big problems = and need big solutions. wide adaption is a necessity to even think about beginning to affect those problems. so I would disagree that he only wanted a small group of people to drive his cars.... That doesn’t make sense does it? I think he mentioned his own desire to drive an electric car to demonstrate his ethics on the issue.
It's important to know the history: Musk wasn't the founder of Tesla, and Eberhard and Tarpenning didn't create the first viable electric car - General Motors did - recalled them, crushed them and walked away.... so these guys and Musk not only get points for being smart, they also get points for not being stupid.
The electric car was was build long ago, well before general motors. But no one wanted it way, way back then. People think a electric car is new. What a joke.. Most people still do not one even now...
@@deezeed2817 The founders of McDonald's were screwing Ray's vision of the company, he had no choice but play dirty. If it wasn't for Ray, you wouldn't even know what McDonald's was in the first place.
Bro, Elon making the company successful has nothing to do with the FACT that someone else is the founder. Can you not be so autistic? We can give credit to Elon Musk while also not being a complete mental idiot about it.
@@MilkyWhite1There was a recent tell-all by Elon in a multi-hour interview where he outlines in explicit detail how things went down. Martin Eberhard in particular is quite the liar. ua-cam.com/video/AeeeEDSekG8/v-deo.html
@@KateeAngel Martin was fired and given a hefty sum of money, he went on to create another car company which failed, and when he was removed from Tesla, nobody left with him. If he was so awesome, why could he not hack it and why did nobody follow? Good people leave companies to follow great leadership and yet everyone stayed. The evidence says it all.
Kudos to CNBC for a great interview. Inquired in 2009 and got on the 'list' in 2010 and took delivery of Model S in early 2013. I had not heard Marc's name before and could listen to his stories for hours. I like this interview to balance with Elon's comments about the early days and the WKTEC documentary. Thoroughly enjoyed this, thanks to all! Still have my Model S! It has 104,152mi and has seen warranty replacement of battery pack, propulsion motor and a few other items (MCU (-)), but overall would give it a reliability grade of 95% and a uniqueness grade of 100%! Kudos to all!
I’m on the team. We edited part of this interview into a documentary in early 2020, and then the pandemic threw off our production schedule. So this isn’t a repost, it’s a new edit.
A HUGE thanks to CNBC and these men for an absolutely fantastic 26 minutes. I'd love to see an extended version w/o time constraints and such. How about a movie?
@@JohnnyC10071959 Good Hope we get to know each other with time and patience. Do you mind suggesting any means we talk of here more often if you don't mind?
No, because it was invented single handedly by Elon blinking his brain and thereby giving birth to autonomy and within seconds it spreads to all the cars in Telsa warehouse and they started driving themselves without testing or months of approvals by Tesla engineers, state, local and feds.
BS. Alot of people are willing to take on risks😀 The key is the management of risk/reward ratios. On other hand, the key success feature of Musk is the ability to persuade and manipulate people on small and large scale. Remember - superficial explanations never really suit complex issues. 😀
I am simply amazed about how highly they talk of him when they were FIRED by him. Make no mistake, I'd admire the man but I'm a little skeptical of this interview entirely
Gaga clauses. But it is what it is. they get the money and satisfaction knowing their mission for electric car adoption is rocketing forward. the past is the past. I've heard the stories about what Elon demands. He brings out the best in people, but he also expects 110 percent all the time. You can't make omelettes without cracking a few eggs.
There was a legal settlement that typically involves the damaged party getting paid some settlement amount and in turn signs away any right to discuss the settlement and say anything about the defendant. That's not respect, that's disdain and disgust.
In an interview last year Elon stated that Martin Eberhard was the most difficult individual he has ever dealt with in business. This statement would lead one to conclude that this lack of communication and chemistry was instrumental in Eberhard being replaced by Elon as Tesla CEO.
@@jamesblanton9785 Eberhard was replaced because the board voted unanimously to kick him out - including a member that Eberhard himself appointed - after it came out that he was hiding information from the board about how all of his numbers turned out to be wrong and he'd gotten the company tangled into expensive agreements that depended on a date that there was no chance they'd meet, even though he was telling everyone they'd meet it. The car literally cost over double what he was telling them it was costing.
@Pauline Weinberger Okay? Does that mean Elon has to sue, slander and push the founders of the company out of the company they founded? And do his very best to be considered the founder of the company, when he’s not?
@@AquaCoalaNest Theranos had no working products. Elon got lots of well working products. Falcon 1, 9, heavy, propulsive landing, dragon1 and 2, starlink, roadstar, model s,3,x,y( 3 millions of them ).
@@klo4880 Mark planted the seed, Elon watered it. Elon is what Steve Jobs was to Apple, Tesla *would've* died had Elon not stepped in and became CEO. In my eyes he is a co-founder due to him being at the very beginning, the biggest investor and the one who oversaw and saved the company.
That's what I like about America, They always remember the founders,And they are given their due respect. Be it Founders of Macdonald or Tesla or any other company/Invention
That entirely depends on case by case. Plenty of companies and founders who are not given their due credit. Plenty of cases where founders are forced to sell over or abandon their companies as well because cronyism.
I have noticed that too. Did seem like he was personally very proud of his past and achievements, while the guy on the right more emphasized achieving results as a group. Maybe the guys on the left is a little egocentric, but nevertheless, both seem to be geniuses :)
I can't stop thinking about the irony and insanity of Elon Musk becoming the richest person on the same day as the insurrection on the Capitol. We need radical wealth redistribution in the country Now. Is time we all Start showing appreciation by also appreciating his products.. car's and the rest.
@@kaylobeatz Its literally unfathomable to me.The weird nerds protecting Elon for free meme is very real. Like we have two founders here who founded and produced Tesla from scratch, created the first battery pack, and got the whole company of the ground after the early phases (which by the way is most risky time for any company), and yet here we have nerds sucking off Elon like he is their father or cult leader or something and not giving the guys behind everything any credit. Fanboy-ism and putting human beings at pedestal they don't deserve to be and worshiping humans like these Elon fanboys do, is literal brain cancer.
@@acclips2297 Elon musk is certainly worthy of praise for what he has accomplished and is arguably the most important person for humanity but I do agree that he is worshipped religiously
@@stud6060 No he isn't. The only credit he'll get and he deserves is popularization of EVs which btw also aren't full proof zero emission free as during the production of EVs, the toxic discharge and pollution during battery creation and body production still isn't full proof negating climate change. Also if Elon cared about environment, he would work with the government creating high speed, highly efficient, sustainable and comfortable public transport, not trying to sell as many as luxury cars he can which we just established aren't full proof solution to climate change at all. As Singapore said - "Elon Musk Is Selling a Lifestyle, Not a Solution to Climate Change" www.autoevolution.com/news/singapore-elon-musk-is-selling-a-lifestyle-not-a-solution-to-climate-change-137049.html . Other than that, he is a charlatan that uses your tax dollars and privatize the profits. Read this thread in entirety, a good compilation of who Elon Musk is - twitter.com/zei_squirrel/status/1279629581453078528?s=20 For ex- SpaceX 100% revenue comes from NASA' contracts, you tax dollars. Not only that read about Project Blackjack under Department of Defense which is literally creating a web of satellites used for surveillance built on top of private internet satellites, aka, Starlink. Wont' be surprised if Musk is working with DOD to expand the surveillance state to maximize his profit. Next time don't look at things on a surface level and look closer and you'll find Elon is what a good capitalist is. Maximizing his profits and nothing else. He hired a PR firm to cater to memers and redditers online and you fell for his marketing spit because you think he talks and memes like you, so he is some sort of humanity savior. Such delusion and ignorance. No human is worth worshiping, and specially not someone like Elon hailing in a rich family owning literal slave mines during apartheid SA with his father literally saying "We had so much money we couldn't even close our safe" www.businessinsider.com/elon-musks-dad-tells-bi-about-the-familys-casual-attitude-to-wealth-2018-2?IR=T?
@@Shapar95 I get what your saying he didn’t come up with the original idea, I still think he deserves it. He was the one that approached lotus and asked for their parts to originally make the sport Tesla
What an amazing couple of guys! Tesla would've done even better if they had stayed on. Martin reminds me of Apple's Steve Wozniak, the tech genius that made stuff happen. They both got booted out of their respective companies but Martin took better care of himself. Thanks for this insight CNBC.
Yes, both of them were founders of the tesla Inc. that was a failure, then Elon Musk created a Tesla auto Mobil company which has a fascinating success and people love it all over the world. Meaning to say:Yes, he didn’t create a bicycle, however the product he created and solutions, ideas that he brought to it made him a founder.
Does make you wonder doesn't it? Bunch of innovative guys see an opportunity on a small scale and need to jump through a lot of hoops, and take a lot of risks, to make it work. Then some investor or bussiness comes along, buys the idea, and becomes the face of that brand and act as if they created it. Respect needs to be paid where its due.
Seriously, how can you take what's yours already? Tesla wouldn't have existed without Musk's money. It was just a business plan. So what. Truth is, they failed. Not one solid dollar in real revenue came in the door before Musk replaced these guys and took over. See, there's this Silicon Valley culture that says that if you raise venture capital and are featured in TechCrunch, you're successful. You get paid, futz around, maybe sell the intellectual property, then move on. Revenue is true success, not fundraising. Filing the paperwork with your name on it and conducting experiments is different from bringing a compelling product to market and surviving long enough to turn a profit. Musk is the true CEO. Until he took over, Tesla Motors was just an expensive science project.
That's corporate politics. But it kinda doesn't matter, he still has his shares. On one hand, I think he fully deserves credit as the true Founder, but on the other hand, I think from marketing perspective Elon is better to become the face of Tesla. I think it's similar to how Sundar Pichai became the face of Google while Larry Page laughs all the way to the bank.
In Tesla case, I think Elon's genius isn't really needed, as they already have visionary founders from the start, they only needed Elon's money. It's arguable whether Tesla won't be as successful without Elon's leadership, but I don't think that what matters the most. Of course, Elon could've started his own electric car company, but that's reinventing the wheel and doesn't add a new innovation unlike SpaceX. In the case of SpaceX, it was Elon's vision and execution from the start, so I'll give him full credit for it.
@@clarkvaughan Building prototype cars and manufacturing cars at a large scale are two very different things; one is a design skill and the other is manufacturing process skill. Martin and Marc were the design guys (battery wise) and Lotus build the 'car around it'. Elon on the other hand brings money in. Elon is neither the design nor process guys (that's why he's going through production hell), he also had no experience in automotive industry. What he's really good at is marketing, hyping and generating sales. Somehow along the way, drama ensued and the battery design guys got voted off the island. Regardless of what the reason is, now everyone associates Tesla with Elon, calls him a genius for 'inventing' Tesla and Elon never once corrects them or give credit to Martin and Marc in any public engagements. Whatever the problem was, there was definitely a better way than going behind Martin's back and influencing the board members to fire him. With the lawsuit settled, we will never know exactly what happen; was it 100% betrayal or a tough decision to save the company or maybe a bit of both. For me, the moment Elon let the world believe he was the engineer who draw the first drawing of Tesla, is the moment I truly dislike him. Now he is not only taking credits from others, but he is fully manipulating the market and profiting from it. As Martin said "His Elon-ness has increased over the years". And his cult-like fanbase only adds fuel to the flame. There is no such thing as one true genius. Even Tesla was a collaborative effort from hundreds of people. Martin and Marc also only build the battery technology. Other parts of the car (transmission, electronics, software etc.) comes from other engineers with years of experience in their respective field.
@@kennethkho7165 If they had visionary and a good plan, why were Tesla almost bankruptcy? Why did an angel investor like Elon have to put all his money and live at factory? Do you think Peter Thiel could do the same things like Elon did? For me, those guys did start Tesla company with good idea but their outcome is not at prototype level, just a concept with some testing. It's far far from manufacturing. There is no plan to start manufacturing at all. Elon's money and effort may contribute more than what those guys did for the 1st prototype. That's why he can be a Co-founder in media. If those guys were excellent and able to make Tesla big, why didn't they start another one or contribute to a Tesla competitor like Lucid Air with old Tesla staffs. I bet they couldn't. In many tech companies, co-founders normally contribute the most effort and innovation which grow company. They are real founders. I don't see those guys did well like that.
@@Inazarab 0.5% of 800B is 4B. But they probably don't have even remotely that. Kimbal Musk has 0.07% shares and has the most of the current board members. I'm guessing they have 10k shares or so - probably millionaires yeh.
@@Inazarab Net worth is literally all assets put together, including stocks at their current market rate. Seriously, just look up the definition. Elon Musk is currently only the richest man in the world because Tesla stocks are currently extremely high. Without the stocks (Of Tesla AND Spacex - though spacex isn't publicly traded and its value is only an estimate at like 40B or something) he wouldn't even make the top 1000 list of richest people.
"....as a shareholder, we want to see Tesla successful..." I sensed that there is resentment that they are no longer be involved in the company. In a way, it is kinda sad for founders to be forced out of the company they have founded. All these are behind the doors, it is kinda strange for founders with the vision to be forced to resign. I guess there maybe clashes and fundamental differences in running the company between them that they won't let up saying.
Why is everyone being so salty about these guys, everyone's lauding Elon Musk and giving these guys no credit, yes Elon Musk made Tesla what it is today but these guys were the real founders, Elons just a very intelligent entrepreneur
I dont think people are being salty about the two guys people are being salty because this channel was trying to make this two guys say things against Elon.if you watch the full doc you will see how this channel is trying to make Elon look small.in 2008 after the roadster came out the company was finished no money and Elon took it on himself to save the business. This two wanted to make an electric car but Elon wanted to make tesla a Tech company...
Martin left this part out >Meanwhile Eberhard was spending more and more time basking in the glow of the clean-tech crowd. He was the face of Tesla, the voice on its blog. He became a regular on the conference circuit and even starred in his own BlackBerry "innovators" ad. But at least four board members, including Musk, were growing concerned that Eberhard didn't have a firm grasp of the company's increasingly complex finances and supply chain. At an executive staff meeting at Tesla's San Carlos headquarters in June 2007, Eberhard grew visibly agitated, according to Straubel and others, as Tom Colson, head of manufacturing, went through a cost analysis of the Roadster put together by one of the company's VC backers. >In Tesla's own prospectus for its most recent round of funding, dated April 12, 2007, it had estimated the cost of building the car at $65,000, dropping as production ramped up. But just two months later, the VCs now believed the average cost was going to be well north of $100,000 for the first 50 cars and would decrease only slightly as more cars were built. "If this is true," Eberhard told Colson and the room, "you and I are both fired." Or this when he was fired >Though he had lost control of the company, Eberhard could still fight a PR war. He launched "The Tesla's Founders Blog" detailing what he called the "Stealth Bloodbath" and soliciting comments from current and ex-employees. A typical post: "The company has changed so tremendously since I started. It's very secretive and cold now. It's like they're trying to root out and destroy any of its heart that might still be beating." > The board went nuts, and Yoler pleaded with Eberhard to stop (he eventually toned it down). Nancy Pfund, who sits in on board meetings on behalf of Tesla backer J.P. Morgan, says that Eberhard's "bloodbath" was really just getting costs under control. "We had to reduce the burn rate of the company," she says. "It's always painful, but that doesn't mean we didn't have to do it." which was due to his own disastrous run as CEO. money.cnn.com/2008/07/07/technology/copeland_tesla.fortune/index4.htm
The body language says it all. There is a lot of pain there. It'd probably make a far better movie than Facebook's story. In the end it's obvious to all that there's a time and place for all and it's turned out for the best. But man, Eberhart is still sour.
When you're too stupid to understand that the biggest shareholders can takeover your company, then you have nothing to do in business. Having said that, I do feel sorry for these guys. But, they should have been entrepreneurial savvy enough to know that they could be worked out if they wouldn't keep a majority ownership together.
Without these guys, there would be no Tesla. Without Musk, Tesla wouldn't be where it is today. I guess the lesson is that sometimes people cross paths for a good reason & things work out the way they do for the better.
Without Musk Tesla would be dead. Without these two Musk would've bought some other electric car company.
@@gofish7388 It really seems more like: without some rich person who was semi-frivolous with their money, Tesla wouldn't exist. I don't think Musk has any unknown qualities, apart from other millionaires and billionaires, that would have made or broken Tesla.
Without Nikola Tesla, there would be no Tesla.
@@jmr9923 no the other person's statement was more accurate
@@osamabinladen824 damn bin laden u spitting facts.
Things Eberhard and Tarpenning won't mention:
* That they in turn are denying Gage and Cocconi credit (the people who actually built the powertrain that they wanted to put in a Lotus
* That when Gage and Cocconi directed Musk to them, he was already working on starting an EV company with the exact same business plan as Eberhard and Tarpenning (though he was pursuing using a Noble as the chassis - same powertrain, though)
* That when Musk was introduced to them, they had basically a shell of a company with no tech of its own and didn't even have the trademark rights to their own name. They were hardly any further along than Musk was.
* That the reason Elon was only the fourth CEO was that despite repeated attempts by others to get him to take the role, he kept refusing, because he was busy with SpaceX
* That Eberhard was kicked out of the CEO role not by Elon, but by a unanimous decision of the board, including a person he personally appointed, for repeatedly lying and hiding information about the company's dire straits - dire straits that he led the company into.
* That Eberhard was literally quoted as saying that if anyone finds out about [what was going on], he'd be fired. (He was)
* That the board wanted to sue Eberhard due to how much he had screwed them over, but decided not to because it would be bad PR.
* That despite Eberhard - like Musk - being independently wealthy, he put little of his own money into the company; Musk shouldered the risk. Including nearly bankrupting himself cleaning up Eberhard's mess.
wow I love going to the comments under any video and seeing people that are actually aware of the bigger picture because you'll never find this level of nuance online
Eberhand btfo!
🚀
The bottom line is Elon was not the founder
@@spenser6353 for all intents and purposes being a founder doesn't matter if you are going to drive the company into the ground as mentioned by Karen, even if Elon was employee 100, what matters is that he brought it to where it is today as the world's most valuable car company (whether or not you agree with its valuation). There are many other companies we love today where employees who came in much later changed the game for them.
These guys seem nice and genuine
MARTIN EBERHARD LOVES TO LIE ABOUT ELON! Notice how he interrupts just to sneak one last sentence in saying Elon calls himself a founder. Elon never said that
@@user-ct1lf3hf1v Probably jealous ¯\_(ツ)_/¯
😂😂😂😂
@@user-ct1lf3hf1v Do you keep a diary of everything Elon says? Chances are if they are going on the record saying that, EM probably said it. I am a small shareholder and like Musk. But it doesn’t take a genius to notice he has a huge ego and it looks like that’s what the founders were alluding to. People are easily blinded into absolute infatuation with Musk giving him a beyond reproach god like status without really knowing anything other than a public persona.
executives are usually like that
Can't believe these two are still mates because beard man constantly talks over calm polite man😂😂😂
Thinking the same and thought a) I can see why he got divorced, and b) he's still fairly likeable :-) and c) love 'calm, polite man's reactions :-)
I think 'mates' can be used interchangeably here.
Beard guy = Martin Eberhard, who Musk said in an interview, was the worst person he has ever known in his life.
Looking at his demeanor, Martin Eberhard looks like he might have ADHD. Also eccentric and nerdy.
@Larry T possibly. Who knows what the real truth is.
Opposites attract.
The founder on the right looked so anxious when the other guy started talking about how they first tested the safety of lithium ion at his house.
LOL
@@osamabinladen824 Elon akbarrr
🤣🤣🤣🤣
These guys are jealous. Elon put down $6.5 million of the $7.5 million to start Tesla. Elon literally put all the money down 6 months after the "paper work" was filed to incorporate Tesla. Without Elon, Tesla did not exist.
These guys had the idea, but Elon absolutely is a founder. Eberhard even agreed in 2009 that Elon was a co-founder. These guys are jealous.
Omg these guys are not jeaolus. They had the idea and invention and Elon had the money to be financier. A lot of the times inventors don't have the money to put thier products into commerce.
"We're still share holders".
"This interview was taped Oct. 28, 2019".
Since the interview was taped, Tesla's value has increased 13 times.
ua-cam.com/video/0gpBTZBXqfw/v-deo.html
FYI...the links in this reply are spam and have NOTHING to do with Elon or the stock holdings in Tesla that these two gentlemen have.
@@dm4789 Yes, I noticed that. Lot of that stuff these days.
Tesla price, not Tesla value.
i guess they are smiling rn😁
"Where are the cars" He did a good Schwarzenegger
My thoughts also lol.
Greetings from the UK
John.
9oo99o
9o9ooo9o9
Schwarzenegger (looks at the proto roadster): "I'll be back".
MARTIN EBERHARD IS A TERRIBLE HUMAN TO SOCIALIZE WITH. HE LOVES TO LIE ABOUT ELON!
No one will ever erase their names as co-founders of Tesla. They should be proud of their accomplishments.
Yes, without them planting the seed Tesla would not exist.
They are
What the heck, lots of people and a lot of mainstream media calls Elon musk the founder of Tesla.
@@latebluebird There are people that think the planet is flat. Welcome to the internet. Are you new here?
oh they did already xD like who are these people? never heard of them..
The irony I see here is that had GM “NOT” discontinued the EV-1 there might never have been a Tesla. GM you saved us all with your idiocy, thank you.
That is absolutely right. Elon has said as much. He only got interested in EV's because GM killed the electric car or so it thought.
Well the EV-1 wasn't really that great of a car as it was to begin with.
Its like how Kodak dismissed Digital Camera and it's business went downhill afterwards. Its like how Nokia dismissed smart phones..
@@chrispek3912 Nokia has the majority of their business in networking so it's not all bad
@@123-e3h1y I think most initial prototype starts off disappointingly, limited by the technology of that time, i.e. Samsung's fist few phones, maybe the first few PCs, game consoles, etc.
I don't know why there are multiple Perry the Platypus toys in the background, but I love it!
Same question
Legit what I came to the comments for. I don’t understand it but I back it %100
Genius background
there's one platypus and one PEEEERRRY the platypus
These guy's key to success: Ambush people for a long talk at the table.
MBAs makes a lot of noise
I can imagine that Martin(the beard guy) is always the one making the presentation because he is forward. While Marc(the polite guy) is the one who convinces the investors because he is more intuitive.
They idea was too crasy for ordinary investors, so they found a guy who was planning to launch spaceships.
😂😂😂😂
Elon was the original investor. Elon put down $6.5 million of the first $7.5 million used to start Tesla.
Elon is a founder as much as these guys are. Tesla would not have existed without Musk paying to start it.
@@common_c3nts but the idea was still theirs and not his
Here let me fix that for you:
The idea was too crazy for ordinary investors, so they found a guy even crazier...
Lol sounds like the opening of a movie...
@@common_c3nts These 2 invested their own money first when the concept came about, not Elon. Elon invested during the Series A funding.
Martin cannot let Marc talk
I think they're a couple
Who else noticed perry the platypus?
At least the two in the house
It doesn't have a hat, so it's just a platypus, not Perry :)
My bad, there are 2, one of them is Perry :))
😂😂😂😂😂
Wait I thought those were the actual founders and those two middle age dudes were just the translators
So Elon is actually Edison! Not Tesla😂
yeah pretty much
Tesla did not get his proper flowers
Yes
Yep, stealing people's ideas and work!!
hahaha
2008- the final few hours on the final day of the funding round, and Tesla on the brink of collapse, and Elon tells the shareholders that his gonna raise the required 30 million to save the company, and they asked him how he was gonna do that
He replied " I'm going to put it in myself "
That doesn't make him a hero. Hes just a rich white dude. His contribution of funds is ultimately important and we also should not conflate his money to mean he's more than the financier who gets to be eccentric because he has the money. To be clear I have a disdain for wealthy never had to try white men, and I am a business owner and see many friends who businesses have gotten funded from types like him and they always do tooooo damn much and get in the way but hey they have the money so automatically they are brilliant...conflation lets work on not doing that and making white men be priased off merrit lile they tell everyone else 😑 like they always ready to tell others to work hard and rely on self... but ...
That's the day he became a founder. The rebirth Tesla 2.0
@b real Fake news. The money that saved Tesla along with Elon's was a investment from Daimler. The DOE loan was much later during the making of the Model S and was returned early within a year or so when they went public.
@@Beyondarmonia people love spreading false news about people they dislike, The media bias technique.
@@LafemmebearMusic Being white has nothing to do with it.
When people with a real passion get together magic can happen
“He was trying to launch some experiment with missiles from Russia” I like how they just jumped past tht like 😭
Look it up. He was trying to work with Russia in the beginning. Not *that* nuts.
Russia is more invested into space than we are now. We use Russian vessels and launch from russia to get to the ISS
@@spblackey Russia is the leader in missile technology and have just made a breakthrough with their hypersonic missile.
He wanted to use russian rocket engines for space x rockets. But they were too expensive, so he was forced to build his own.
@@mrRunist nice
A very genuine pair of guys. It is nice to see their friendship stood the most vigorous of tests and survived (to all appearances) unscathed. It is also clear to see the anguish that Mr Eberhard keeps hidden beneath the surface, such that it is hard not to feel a swell of sympathy for him. I tip my hat to their genius.
10:45 in to this video
Wait a second way to second. I thought that the beginning of this video was that elon was not one of the founders.
But 10:45 It says Elon invested 6.5 million, and that's when the business was created 🤕
So you wanna didn't come up with the invention you all did, but y'all didn't start your business without His investment into your company. Meaning that he is one of the founders that started the business.
It is sales to me that you guys are very confused because you'll have an idea without a business, and it wasn't until Elon invested into your company that you created a business.
Which makes him one of the founders 🤯
@@pamelajohnson4011 get a life. and learn about difference between founder , co-founder and investors.
Eberhard is describing his own reality. Tesla is the creation of Elon Musk and J B Straubel.
These guys are so chilled and respectful.
@David v strange
Thank God they are still shareholders. It would've felt really bad if they weren't anymore.
Like the founders of mc Donald’s :/
@@randomhuman3862 The McDs founders were well before McDs went public. Not much connection at all except for the name. Founders of tech companies or inventors OTOH actually put a lot of work behind their work and deserve more reward.
@@realtalk6195 you sound incredibly stupid. Lot of overconfidence these days with people throwing in their 2¢
True man,looking at how bid Tesla is today
i swear
It's funny how Mars connected them.
It's a post-facto manufactured connection.
In October 2003, Harold Rosen, the brother of Ben Rosen (chairman of Compaq, who bought my first company), invited me to lunch with himself and JB Straubel. They told me about a company called AC Propulsion that had developed an all electric sports car called the Tzero with a range of 300 miles, a 0 to 60 mph time of under 4 seconds and a lithium ion battery pack with seven thousand cells (email A below).
A few months later, I met with Tom Gage, president of AC Propulsion, who gave me a test drive in the Tzero, which confirmed their claims. Over the course of several months, I tried repeatedly to convince AC Propulsion to commercialize the Tzero, but they were not interested. When I said I was moving forward with creating an electric car company anyway, Tom Gage offered to introduce me to one of two groups that were interested in commercializing the Tzero concept (email B below). The first one they introduced me to was Martin Eberhard and Ian Wright.
- Elon Musk ( who even published the emails regarding this )
It’s probably a mix of both stories.
I’m glad this video wasn’t entirely about Elon Musk 🧠
It was entirely about Eberhard.
The book written by Ashlee Vance details this quite well. In fact, it clearly states that was given a founder-like status, not that he was a founder.
Love that book. Great intro to Elon.
Elon never once claimed he was a founder of Tesla. That title was given to him by the media and anyone who thinks they know the story. In this video, the interviewer did not clarify that possibly due to ignorance or just mindlessly reading from script.
@@FlipBoxStudio because cnbc is short tesla
www.cnet.com/news/tesla-motors-founders-now-there-are-five/ ,
Good point Gus!
my take away from this;
"Elon's eloness has increased over the years"
22:35
The expression on the face of Marc is priceless immediately after that question. 😂😂😂😂
It sounds almost cursing to me without using the actual words.
@@RobertJackson-sl1mk you're right. I should have taken away their fashion sense from this instead.
Elonass hass inreassed
Take away is Elon is greatest conman of our times
Well he wasn’t a founder.. but there is no denying that Tesla would not have been where it is today if not for Musk..!
strange how tesla dot com says Musk is a co founder
True 💚
@@YoureWokeYoureBroke not really strange because originally he isn't the founder but I personally believe they made him co-founder. we dont know what was the agreement when they went to look for Elon to join them.they wanted Elon,Elon was busy doing Rockets.they wanted Elon to join them because they new without a guy like Elon they was little chances to make it.who knows if they agreed to make him a co-founder?if he isn't the co-founder why does wiki makes him the co-founder?Elon never said he is the founder so this title is absurd...
He just want's fame
@@sathyapranesh788 are you serious
Congratulations to CNBC for making this report and put into a spotlight these two founders whom had the Vision to save the world and worked very hard to make their innovations and ideas come true. My total admiration for thoses braves and awesome entrepreneurs .
@Spoiled Hu dikkat hai???? Sadly they didn't have the money, Elon did, it's a cold world out there.
They didn't want to put the hard work. That's why Elon had to take over
@@esco466 wow. Tell yourself lies so you can praise your 24/7 tweeting twit Elon daddy Musk. Tell Elon to go tend to his kids if hes not going to work but tweet all day!
@@j4genius961 no they had the money and weren’t willing to lose all of it to grow Tesla.. Elon did
Both of these men were as rich as Elon at the time
10:45 in to this video
Wait a second way to second. I thought that the beginning of this video was that elon was not one of the founders.
But 10:45 It says Elon invested 6.5 million, and that's when the business was created 🤕
So you wanna didn't come up with the invention you all did, but y'all didn't start your business without His investment into your company. Meaning that he is one of the founders that started the business.
It is sales to me that you guys are very confused because you'll have an idea without a business, and it wasn't until Elon invested into your company that you created a business.
Which makes him one of the founders 🤯
Elon might not have founded the company, be he has certainly founded Tesla's success.
What does that even mean? Lol
Sava ? He made Tesla what it is today lol
Without Elon it doesn’t matter who the founder of Tesla is cause it wouldn’t have succeeded
@@mrrexster829 you do realize other ppl work at tesla besides elon right? what specific decisions did elon personally make that saved the company?
Sava Nah bro Elon saved it alone
@@sava411 invest millions of his own money to save tesla from dying?
"When something is important enough, you do it even if the odds are not in your favor." Elon Musk
Great sales pitch
"May the odds be ever in your favor." - Katniss Everdeen
Bro I'm like fukin yoked
I would love to see more talks like this! This is history-important history(!), that got swept under the rug so to speak.
This isn't the only electric vehicle start up.......
@@davefx7949 but it is the biggest and the other electric car companies probably wouldn’t be here if it wasn’t for them. Tesla made electric cars cool. All the electric car start ups before Tesla went bankrupt.
and they left out the part where Elon got 1st car off the line and Ebhard was suppose to get the next one ...but Elon gave him a wrecked demo and sent Ebhard's car into space ...just ruthless
he prob was not allowed to talk about that ...I'm so glad they are getting their due
Tesla wasn’t a real company until Elon took over. Period. That’s a fact.
15:11 Love the Schwarzenegger impersonation..."Where ah the cahs" hahaha 🤣
Marc is the type of guy that can make any topic worth listening
I just want to know what perry platypus knows
its Perry THE platypus
Man from miami is here !
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22:36 Q'n 22:40 Tarpening reaction is priceless
16:30
Marc: "We didn't have a list"
Martin: "We did, I made one. It was a spreadsheet on my computer"
hilarious :D
Martin needs to let Marc talk... I'd veto him out just so other people can talk too!
Martin is overbearing, rude and can’t stand when he’s not running his mouth
that's actually how a lot of highly intelligent people are
Marc is intelligent and you don’t see him interrupting Martin.
I can see why he got fired from Tesla
" I'm not sure why he has to say he's a founder, but he did makes us billions of dollars so whatever. "
I'm not sure I've heard Elon claim he was. I've heard him say he wasn't a founder on UA-cam before, but I haven't found where he claimed otherwise.
If not for Elon Musk this video would be about how they went broke
@@Karl-Benny They'd be fine. They were rich before and would've been rich after.
@@mediocrejokre He sued to make sure the title applied to him.
@@spblackey He sued because he was butthurt for being turfed out. If he had principles, there would be no non-disclosure agreement in place, as he would have refused to sign one for cash.
I’d say their stock ownership in Tesla is doing quite well!!
This was filmed in 2019, so we don’t know if they held their shares all the time since or not. If I were them I’d have sold some of my shares, if not all my shares, by now. At some point you’ve got to start locking in your profits, so that they’re not all just on paper.
Imagine founding Tesla, someone else takes the credit and you're like "whatever". Imagine that.
Founding members vs the people that actually make it work. The roadster was a disaster
There literally on the news I feel like they care.
With out Elon, Tesla would have most likely failed. Elon has a right to take credit. Tesla is going in his vision and will continue so. These guys had the right idea but did not have the ambition and know how to get Tesla to where it needs to go. Elon was the only guy who could have done it. I could see the pain in the founders eyes. But they too know Elon and Tesla were meant for each other.
Nobody took any credit. Elon made Tesla work. That's a fact.
@@theholt2ic219 That’s not true. That’s all speculation. There are plenty of people who are not Elon who created successful companies….. who knows where these two men could’ve taken it….
He invested 6.35 of 6.5 million raised in Series A financing? He is most certainly one of the founders.
Youre not a founded just cause you raised money, thats what the VC industry is entirely based on
@@xHaRm51 Yeah he didn’t just raise the money he created the entire brand
@@abdelmohamed3812 he gave them money, every VC does that
@@xHaRm51 what’s your point lmao? if anything you’re further proving that he should be considered a founder
@@abdelmohamed3812 VCs are never considered founders... theyre called venture capitalists because they supply capital.
VCs dont supply ideas, labour, or skills. They dont actually perform work on the company. Elon didnt do these things until after the founding
Within a minute of those two talking you could see why they would be such a great team. I could listen to those two tell stories for much longer. Excellent video!
Exactly the contrary for me. I cant listen ans they look so fake.
@@zerma6 feels like this is an other McDonald’s founders situation where the founders didn’t take risk and ray croc did
@@starrlord_2319 No, it's just business folks ate them alive
Last time I was this early, Tesla didn't exist
lol
Last time when you were this early you ether a child without such a concept or weren't even born yet 🔥
Very funny
Lol that’s funny because it’s a relatively new company 😅
UA-cam was a baby
They really created a good and reliable source of income
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I first noticed Tesla when I noticed on tech blogs news about the feud between these two person Eberhart and Elon over an Electric car startup company. These guys seem very nice, reminds me of Steve Wozniak. The typical tech startup taken over by a charismatic visionary business man.
Taken over by Narcissistic Psychopath, yes.
That Schwarzenegger impression was funny 🤣🤣🤣
This is exactly the American spirit, innovation and creativity, and most importantly how they come about that, incredible!!!
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I was fortunate to be a series A investor in Tesla as well as NuvoMedia, their rocket ebook company. These are fantastic engineers and great guys and deserve a lot more credit for Tesla than they normally get. Everything they say in this interview is true. Nice that they can set the record straight.
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I wish I had invested back then I followed this company since inception but I was young dumb and full of…. It never ever sat well with me that Elon took all the credit. He really hasn’t done much other then pump stock take profits and spend everyone else’s money except his own. All while claiming to want to save humanity. Now would I be complaining about my investment not at all. You were smart investing in these two gentlemen you were lucky a grifter like Elon pumped it like a inflatable woman 🍺
@@slackbomb Without proper leadership Tesla would not be a multi billion dollar company. These gentleman left their leadership roles in 2007. So from 2007-2022 the company miraculously became the largest EV company in the world. This notion that he sat around and did nothing is absolutely stupid. A grifter does not lead several companies into multi million/billion dollar valuations with Tweets.
@@slackbomb And who's money is he spending, and on what? Sounds like your projecting your own flaws onto another person.
I wish the cars they currently own and drive were addressed. Their answers towards "are you still rooting for tesla" were rather diplomatic. :)
2019? its 2021 how many other interviews cnbc have in there archive
SATOSHI NAKAMOTO
Wasnt there a lawsuit settled where five people including Elon Musk could say that they were co-founders
Yes, you are totally correct. This was settled in a lawsuit where E and T accepted that there were 5 official founders.
Fact of the matter is Elon was acting like he started and also build Tesla from scratch and I dislike people who are like that, show respect to the actual founders who came up with the idea and ran risky tests... Elon was a crucial member ofc but acting like you were the only person to develop this company and technology is disgusting
@@armanithompson1029 No. One interview that I watched E Musk said " he did not name the company Tesla" The name of the company was already Tesla and he just kept it. This guy was saying He wanted an electric sports car for himself. Elan Musk wants a fully automatic self driving car with all the technology and also linked to all the other companies he was planing on building (solar eneryg, battery, so on so forth. Obiously, they put some time and effort trying to figure out a way to build a sport electrci car, but Elan Musk wants everybody to drive an electrci car not small group of people. The vision is completely different.
@@niveax6112 ....He literally mentioned the climate Crisis and oil fueled wars as reasons he wanted to make electric cars those are big problems = and need big solutions. wide adaption is a necessity to even think about beginning to affect those problems. so I would disagree that he only wanted a small group of people to drive his cars.... That doesn’t make sense does it? I think he mentioned his own desire to drive an electric car to demonstrate his ethics on the issue.
It's important to know the history: Musk wasn't the founder of Tesla, and Eberhard and Tarpenning didn't create the first viable electric car - General Motors did - recalled them, crushed them and walked away.... so these guys and Musk not only get points for being smart, they also get points for not being stupid.
Calling the EV1 viable is a stretch. Two seater with 100 mile range is not that viable. But, the bones of it eventually became the Tesla Roadster.
The electric car was was build long ago, well before general motors. But no one wanted it way, way back then. People think a electric car is new. What a joke.. Most people still do not one even now...
Ray Kroc literally stole McDonalds from the McDonalds brothers and screwed them big time.
@@deezeed2817 The founders of McDonald's were screwing Ray's vision of the company, he had no choice but play dirty. If it wasn't for Ray, you wouldn't even know what McDonald's was in the first place.
Jay Leno's Baker Electric Car ua-cam.com/video/OhnjMdzGusc/v-deo.html
wordplay. whether elon founded tesla, he and him alone prevented tesla from bankruptcy and then elon brought tesla to where it is today. ELON.
How does that boot taste
@@kev4872 better than your brain
Facts
Laying it on thick lol
Bro, Elon making the company successful has nothing to do with the FACT that someone else is the founder. Can you not be so autistic? We can give credit to Elon Musk while also not being a complete mental idiot about it.
It's so charming how they finish each others sentences. :-D
I think they're a couple
you think it is charming, i think one is talking over the other. but anyway.
@@dbcoco exactly. the one on the left barely lets the guy on the right finish his sentences.
That’s me after having too much caffeine on the left LOL
@@dbcoco Someone commented how he might have ADHD. Which wouldn't surprise me to be honest.
it's crazy how this version of the story differs from the one told by Elon
The guy's a narcissist and buys his own hype.
@@MilkyWhite1There was a recent tell-all by Elon in a multi-hour interview where he outlines in explicit detail how things went down. Martin Eberhard in particular is quite the liar. ua-cam.com/video/AeeeEDSekG8/v-deo.html
Musk is a pathological liar
@@KateeAngel Martin was fired and given a hefty sum of money, he went on to create another car company which failed, and when he was removed from Tesla, nobody left with him. If he was so awesome, why could he not hack it and why did nobody follow? Good people leave companies to follow great leadership and yet everyone stayed. The evidence says it all.
Kudos to CNBC for a great interview. Inquired in 2009 and got on the 'list' in 2010 and took delivery of Model S in early 2013. I had not heard Marc's name before and could listen to his stories for hours. I like this interview to balance with Elon's comments about the early days and the WKTEC documentary. Thoroughly enjoyed this, thanks to all! Still have my Model S! It has 104,152mi and has seen warranty replacement of battery pack, propulsion motor and a few other items (MCU (-)), but overall would give it a reliability grade of 95% and a uniqueness grade of 100%! Kudos to all!
Filmed in 2019? Why is it posted today 2 years later, or is this a repost?
repost
@@niuean3000 thx
I’m on the team. We edited part of this interview into a documentary in early 2020, and then the pandemic threw off our production schedule. So this isn’t a repost, it’s a new edit.
@@jeniecep Wonder why CNBC themselves didn’t reply.
@@Think_Inc tesla short thats ehy
A HUGE thanks to CNBC and these men for an absolutely fantastic 26 minutes. I'd love to see an extended version w/o time constraints and such. How about a movie?
@Hello John how are you doing?
@@lydiaanderson582 Doing well while trying to do good. And yourself?
@@JohnnyC10071959 Good Hope we get to know each other with time and patience. Do you mind suggesting any means we talk of here more often if you don't mind?
dang, recorded in oct 2019, i hope they kept their shares xD
And I hope you sold yours around typing this
@@0404chrisjz you say as if crypto doesn't exist
@@0404chrisjz why would you hope that? The shares will be worth 1k+ per share before the end of the year
@@0404chrisjz Sold mine this week. Believe in the mission but the loss was going up!
Buy Nio. Way better price
I'm not aware Elom Musk says hes the founder, he did however save the company from bankruptcy and made these men very rich
I had the feeling that they are very appreciative of Musk.
It says founder on the tesla website
And the funny thing is Tesla LOOSES money on every car they make. Not sell just make.
@@superterrific321 And google says that Elon Musk is co-founder
Do you want to link me this footage of when he says that he is the founder?
The word "Autonomy" is not mentioned in this video. Am I correct?
No, because it was invented single handedly by Elon blinking his brain and thereby giving birth to autonomy and within seconds it spreads to all the cars in Telsa warehouse and they started driving themselves without testing or months of approvals by Tesla engineers, state, local and feds.
that's the key: "He's willing to take on risk"
He tweeted once that he might have Bipolar Disorder. Bipolar people can be very successful if their massive risks pay off during a manic episode
@@sanjaygupta666 Jeff Bezos, Bill Gates, Steve Jobs, they all must be / must have been bipolar
BS. Alot of people are willing to take on risks😀 The key is the management of risk/reward ratios. On other hand, the key success feature of Musk is the ability to persuade and manipulate people on small and large scale. Remember - superficial explanations never really suit complex issues. 😀
@@luiscastillo7009 read up about a, now deceased from suicide, guy named Rene Rivkin
I am simply amazed about how highly they talk of him when they were FIRED by him. Make no mistake, I'd admire the man but I'm a little skeptical of this interview entirely
Gaga clauses. But it is what it is. they get the money and satisfaction knowing their mission for electric car adoption is rocketing forward. the past is the past. I've heard the stories about what Elon demands. He brings out the best in people, but he also expects 110 percent all the time. You can't make omelettes without cracking a few eggs.
@@Fanta.... love this comment
This is one of the best CNBC videos I have ever seen.
"You cannot describe Elon in a nutshell" - such respect coming from a man that once sued Elon for Tesla?
@@alr6111 thanks mate
That's because he's the squirrel scurrying everywhere with different projects and then he becomes the loose nut behind the wheel!
There was a legal settlement that typically involves the damaged party getting paid some settlement amount and in turn signs away any right to discuss the settlement and say anything about the defendant. That's not respect, that's disdain and disgust.
In an interview last year Elon stated that Martin Eberhard was the most difficult individual he has ever dealt with in business. This statement would lead one to conclude that this lack of communication and chemistry was instrumental in Eberhard being replaced by Elon as Tesla CEO.
@@jamesblanton9785 Eberhard was replaced because the board voted unanimously to kick him out - including a member that Eberhard himself appointed - after it came out that he was hiding information from the board about how all of his numbers turned out to be wrong and he'd gotten the company tangled into expensive agreements that depended on a date that there was no chance they'd meet, even though he was telling everyone they'd meet it. The car literally cost over double what he was telling them it was costing.
Who else believe that Elon will be trillionaire by 2030🤨
Me
I doubt it unless he commercialises space/Mars travel.
@@miamitten1123 he will soon
@@miamitten1123 I think Space X might go public in about 2 - 3 years, maybe even next year
With enough stock and dollar inflation, sky is the limit.
Does Elon say he’s a founder? I’ve never heard him say that
exactly, Martin is also the hardest and rudest guy in the world to work with
Yes in his bio on the Tesla website...
@@martinmcnulty8155 Interesting, the more you know.
@@user-ct1lf3hf1v Yea according to Elon himself. Doesn't really mean anything.
Really fascinating interview. Elon ought to give them way more credit.
@Pauline Weinberger Okay? Does that mean Elon has to sue, slander and push the founders of the company out of the company they founded? And do his very best to be considered the founder of the company, when he’s not?
@Pauline Weinberger Theranos was a success as well. Marketing doesn't justify everything.
@@AquaCoalaNest Theranos had no working products. Elon got lots of well working products.
Falcon 1, 9, heavy, propulsive landing, dragon1 and 2, starlink, roadstar, model s,3,x,y( 3 millions of them ).
@@klo4880 Mark planted the seed, Elon watered it. Elon is what Steve Jobs was to Apple, Tesla *would've* died had Elon not stepped in and became CEO. In my eyes he is a co-founder due to him being at the very beginning, the biggest investor and the one who oversaw and saved the company.
That's what I like about America, They always remember the founders,And they are given their due respect. Be it Founders of Macdonald or Tesla or any other company/Invention
Are u Indian?
That entirely depends on case by case. Plenty of companies and founders who are not given their due credit. Plenty of cases where founders are forced to sell over or abandon their companies as well because cronyism.
The lefts hates founders. Generally socialists hate founders of anything
@@msabedra1 the left has nothing to do with it.
Not really
Wow, epic interview. I remember all this now back in the day forgot how much time has passed in this evolution.
2019 Interview? and u releasing just now? wow
2 years is very reasonable. I dont know what you mean. Especially considering they draw each frame by hand and mail them by ups
@@randominternetguy3537 they must lmfaoooo
Did they air this on TV back then, because then it would be different. Or is this the world premiere right now?
Maybe there was a gag order, or someone feared that they had said more than they should have.
It's a re-upload
Guy on the left says "I" a lot, while guy on the right says "we" a lot. Not sure what this means, but it is an interesting observation
Didn’t dude say he was divorced? Probably used to being by himself. Guy on right probably has a wife and 3 kids and a mistress that’s a another man.
I have noticed that too. Did seem like he was personally very proud of his past and achievements, while the guy on the right more emphasized achieving results as a group. Maybe the guys on the left is a little egocentric, but nevertheless, both seem to be geniuses :)
The irony that they said "were number 15 and 16 of the Mars society, were founding members," but Elon isn't a founding member of Tesla 🙄
Good point
Very honest and down to earth comments. I appreciate this side of the Story..!
Another interesting presentation.... Tesla's technological development is mind-blowing...
I can't stop thinking about the irony and insanity of Elon Musk becoming the richest person on the same day as the insurrection on the Capitol. We need radical wealth redistribution in the country Now. Is time we all Start showing appreciation by also appreciating his products.. car's and the rest.
@@carolineemma2837 You're absolutely Right his products are really amazing Tesla car's mostly I love it.
@@orade_crypto Me casually waiting for next month to get tesla model 3 for $55k and they're all in my investment on crypto..
crypto is a trading system that generates more money for you when you get into the portfolio trading
Searching for a reliable and trusted investment to go into and not joining an investment that may lead to a big scar in the future.
These guys sound much more like "the real deal" engineers than Musk ever has. They just were ruthless enough to make it a success.
ua-cam.com/video/AeeeEDSekG8/v-deo.html
Martin Eberhard nearly destroyed the company, do you think he was kicked out by the board for no reason?
Be grateful to these two Brilliant Persons.
I don't know if anyone realized, but this was tapped in October 2019 and this is 2021
Why did they take so long to upload this!
they didn't, I've seen this video months ago but from a different uploader
When they realized Tesla and Elon Musk have become successful, that's why
@@pursuepower4011 oo really.. that's kinda makes sense.. but who?
@@unlockwithjsr they are successful at around Oct 2019
Chaitanya - CNBC usually put complete videos in a paywall, then release it later for public viewing
"I don't understand why he says he's the founder ....yea I don't know about that."
Me: shadeeeeee 😂😂
@J. Ngonono why are you tesla guys so corny tf
@@kaylobeatz Its literally unfathomable to me.The weird nerds protecting Elon for free meme is very real. Like we have two founders here who founded and produced Tesla from scratch, created the first battery pack, and got the whole company of the ground after the early phases (which by the way is most risky time for any company), and yet here we have nerds sucking off Elon like he is their father or cult leader or something and not giving the guys behind everything any credit. Fanboy-ism and putting human beings at pedestal they don't deserve to be and worshiping humans like these Elon fanboys do, is literal brain cancer.
@@acclips2297 Elon musk is certainly worthy of praise for what he has accomplished and is arguably the most important person for humanity but I do agree that he is worshipped religiously
@@kaylobeatz Short it then and let us get your money when you lose it.
@@stud6060 No he isn't. The only credit he'll get and he deserves is popularization of EVs which btw also aren't full proof zero emission free as during the production of EVs, the toxic discharge and pollution during battery creation and body production still isn't full proof negating climate change. Also if Elon cared about environment, he would work with the government creating high speed, highly efficient, sustainable and comfortable public transport, not trying to sell as many as luxury cars he can which we just established aren't full proof solution to climate change at all. As Singapore said - "Elon Musk Is Selling a Lifestyle, Not a Solution to Climate Change" www.autoevolution.com/news/singapore-elon-musk-is-selling-a-lifestyle-not-a-solution-to-climate-change-137049.html . Other than that, he is a charlatan that uses your tax dollars and privatize the profits. Read this thread in entirety, a good compilation of who Elon Musk is - twitter.com/zei_squirrel/status/1279629581453078528?s=20 For ex- SpaceX 100% revenue comes from NASA' contracts, you tax dollars. Not only that read about Project Blackjack under Department of Defense which is literally creating a web of satellites used for surveillance built on top of private internet satellites, aka, Starlink. Wont' be surprised if Musk is working with DOD to expand the surveillance state to maximize his profit.
Next time don't look at things on a surface level and look closer and you'll find Elon is what a good capitalist is. Maximizing his profits and nothing else. He hired a PR firm to cater to memers and redditers online and you fell for his marketing spit because you think he talks and memes like you, so he is some sort of humanity savior. Such delusion and ignorance. No human is worth worshiping, and specially not someone like Elon hailing in a rich family owning literal slave mines during apartheid SA with his father literally saying "We had so much money we couldn't even close our safe" www.businessinsider.com/elon-musks-dad-tells-bi-about-the-familys-casual-attitude-to-wealth-2018-2?IR=T?
Musk really did them dirty
Been a long time since I watched a lengthy video straight through without skipping. Very interesting
great interview. Thank you.
“I don’t know why he says he’s a founder”
I think he deserves it tbh he’s out in more work than those 2 combined for tesla
Yes but he is not a founder. Founder means something else
Just like Ray kroc is the called the founder of McDonalds
And people think Howard Schultz is the founder of Starbucks
@@Shapar95 I get what your saying he didn’t come up with the original idea, I still think he deserves it. He was the one that approached lotus and asked for their parts to originally make the sport Tesla
@@AidanAB1 you can't deserve the title of a founder. you are a founder if you founded the company.
Thanks to these guys for making and starting EV cars
Thanks for Elon for spreading EV market
Seems like Martin loves to hear his own voice..I want to hear what Marc have to say as well.....
He just seems excited to finally tell their side of the story
@RandomShart very truth indeed, but Had Tesla been successful without Elon? I dont know about that....
Shoutout these guys. They put in the work to get the ball rolling
this was wholesome nice work cnbc
What an amazing couple of guys! Tesla would've done even better if they had stayed on. Martin reminds me of Apple's Steve Wozniak, the tech genius that made stuff happen. They both got booted out of their respective companies but Martin took better care of himself. Thanks for this insight CNBC.
The amount of I used by the guy on the left shows why it turned out that way.
There’s no I in Elon
@@SurvivingAnotherDay or tesla
@@SurvivingAnotherDay but there's a E and L in TESLA.
Yeah he sounds like a weasel.
no wonder why he was voted out
Yes, both of them were founders of the tesla Inc. that was a failure, then Elon Musk created a Tesla auto Mobil company which has a fascinating success and people love it all over the world. Meaning to say:Yes, he didn’t create a bicycle, however the product he created and solutions, ideas that he brought to it made him a founder.
Well said brother
So inspiring to watch this interview. These guys saw the blue ocean and created value by solving problems that did not have an instruction manual.
No they wanted exactly what Elon wanted and had a good recommendation from AC propulsion
They didn’t even have the Tesla name
@@KCJbomberFTW They did. Musk sent someone to harass one of the original owners until they sold the tesla name to him. disgusting.
Does make you wonder doesn't it? Bunch of innovative guys see an opportunity on a small scale and need to jump through a lot of hoops, and take a lot of risks, to make it work. Then some investor or bussiness comes along, buys the idea, and becomes the face of that brand and act as if they created it. Respect needs to be paid where its due.
Seriously, how can you take what's yours already? Tesla wouldn't have existed without Musk's money. It was just a business plan. So what. Truth is, they failed. Not one solid dollar in real revenue came in the door before Musk replaced these guys and took over. See, there's this Silicon Valley culture that says that if you raise venture capital and are featured in TechCrunch, you're successful. You get paid, futz around, maybe sell the intellectual property, then move on. Revenue is true success, not fundraising. Filing the paperwork with your name on it and conducting experiments is different from bringing a compelling product to market and surviving long enough to turn a profit. Musk is the true CEO. Until he took over, Tesla Motors was just an expensive science project.
That's corporate politics. But it kinda doesn't matter, he still has his shares. On one hand, I think he fully deserves credit as the true Founder, but on the other hand, I think from marketing perspective Elon is better to become the face of Tesla. I think it's similar to how Sundar Pichai became the face of Google while Larry Page laughs all the way to the bank.
In Tesla case, I think Elon's genius isn't really needed, as they already have visionary founders from the start, they only needed Elon's money. It's arguable whether Tesla won't be as successful without Elon's leadership, but I don't think that what matters the most. Of course, Elon could've started his own electric car company, but that's reinventing the wheel and doesn't add a new innovation unlike SpaceX.
In the case of SpaceX, it was Elon's vision and execution from the start, so I'll give him full credit for it.
@@clarkvaughan Building prototype cars and manufacturing cars at a large scale are two very different things; one is a design skill and the other is manufacturing process skill. Martin and Marc were the design guys (battery wise) and Lotus build the 'car around it'. Elon on the other hand brings money in. Elon is neither the design nor process guys (that's why he's going through production hell), he also had no experience in automotive industry. What he's really good at is marketing, hyping and generating sales. Somehow along the way, drama ensued and the battery design guys got voted off the island. Regardless of what the reason is, now everyone associates Tesla with Elon, calls him a genius for 'inventing' Tesla and Elon never once corrects them or give credit to Martin and Marc in any public engagements.
Whatever the problem was, there was definitely a better way than going behind Martin's back and influencing the board members to fire him. With the lawsuit settled, we will never know exactly what happen; was it 100% betrayal or a tough decision to save the company or maybe a bit of both. For me, the moment Elon let the world believe he was the engineer who draw the first drawing of Tesla, is the moment I truly dislike him. Now he is not only taking credits from others, but he is fully manipulating the market and profiting from it. As Martin said "His Elon-ness has increased over the years". And his cult-like fanbase only adds fuel to the flame.
There is no such thing as one true genius. Even Tesla was a collaborative effort from hundreds of people. Martin and Marc also only build the battery technology. Other parts of the car (transmission, electronics, software etc.) comes from other engineers with years of experience in their respective field.
@@kennethkho7165 If they had visionary and a good plan, why were Tesla almost bankruptcy? Why did an angel investor like Elon have to put all his money and live at factory? Do you think Peter Thiel could do the same things like Elon did?
For me, those guys did start Tesla company with good idea but their outcome is not at prototype level, just a concept with some testing. It's far far from manufacturing. There is no plan to start manufacturing at all. Elon's money and effort may contribute more than what those guys did for the 1st prototype. That's why he can be a Co-founder in media.
If those guys were excellent and able to make Tesla big, why didn't they start another one or contribute to a Tesla competitor like Lucid Air with old Tesla staffs. I bet they couldn't. In many tech companies, co-founders normally contribute the most effort and innovation which grow company. They are real founders. I don't see those guys did well like that.
Even if they have like 0.5% of TSLA shares they are billionaires!
Not billionaires. Millionaires maybe.
0.5% at current market cap is around 4 billion, so yes, they would be billionaires.
@@Inazarab 0.5% of 800B is 4B. But they probably don't have even remotely that. Kimbal Musk has 0.07% shares and has the most of the current board members. I'm guessing they have 10k shares or so - probably millionaires yeh.
@@aviovintage Yes, your math is correct, but that is not their net worth. They are not billionaires.
@@Inazarab Net worth is literally all assets put together, including stocks at their current market rate. Seriously, just look up the definition. Elon Musk is currently only the richest man in the world because Tesla stocks are currently extremely high. Without the stocks (Of Tesla AND Spacex - though spacex isn't publicly traded and its value is only an estimate at like 40B or something) he wouldn't even make the top 1000 list of richest people.
"....as a shareholder, we want to see Tesla successful..." I sensed that there is resentment that they are no longer be involved in the company. In a way, it is kinda sad for founders to be forced out of the company they have founded. All these are behind the doors, it is kinda strange for founders with the vision to be forced to resign. I guess there maybe clashes and fundamental differences in running the company between them that they won't let up saying.
Why is everyone being so salty about these guys, everyone's lauding Elon Musk and giving these guys no credit, yes Elon Musk made Tesla what it is today but these guys were the real founders, Elons just a very intelligent entrepreneur
You can go and found your one car company if you want. Not a problem. The problems is to scale it up and mass produce a car.
Ya but thats the media narrative. He never claimed to start it
I dont think people are being salty about the two guys people are being salty because this channel was trying to make this two guys say things against Elon.if you watch the full doc you will see how this channel is trying to make Elon look small.in 2008 after the roadster came out the company was finished no money and Elon took it on himself to save the business. This two wanted to make an electric car but Elon wanted to make tesla a Tech company...
Martin left this part out
>Meanwhile Eberhard was spending more and more time basking in the glow of the clean-tech crowd. He was the face of Tesla, the voice on its blog. He became a regular on the conference circuit and even starred in his own BlackBerry "innovators" ad. But at least four board members, including Musk, were growing concerned that Eberhard didn't have a firm grasp of the company's increasingly complex finances and supply chain. At an executive staff meeting at Tesla's San Carlos headquarters in June 2007, Eberhard grew visibly agitated, according to Straubel and others, as Tom Colson, head of manufacturing, went through a cost analysis of the Roadster put together by one of the company's VC backers.
>In Tesla's own prospectus for its most recent round of funding, dated April 12, 2007, it had estimated the cost of building the car at $65,000, dropping as production ramped up. But just two months later, the VCs now believed the average cost was going to be well north of $100,000 for the first 50 cars and would decrease only slightly as more cars were built. "If this is true," Eberhard told Colson and the room, "you and I are both fired."
Or this when he was fired
>Though he had lost control of the company, Eberhard could still fight a PR war. He launched "The Tesla's Founders Blog" detailing what he called the "Stealth Bloodbath" and soliciting comments from current and ex-employees. A typical post: "The company has changed so tremendously since I started. It's very secretive and cold now. It's like they're trying to root out and destroy any of its heart that might still be beating."
> The board went nuts, and Yoler pleaded with Eberhard to stop (he eventually toned it down). Nancy Pfund, who sits in on board meetings on behalf of Tesla backer J.P. Morgan, says that Eberhard's "bloodbath" was really just getting costs under control. "We had to reduce the burn rate of the company," she says. "It's always painful, but that doesn't mean we didn't have to do it."
which was due to his own disastrous run as CEO.
money.cnn.com/2008/07/07/technology/copeland_tesla.fortune/index4.htm
So these guys are the Steve Wozniak of the EV world
Thank you so much for making this longform. Thank you so much.
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"People want to do something that makes a difference." 🤚
The body language says it all. There is a lot of pain there. It'd probably make a far better movie than Facebook's story. In the end it's obvious to all that there's a time and place for all and it's turned out for the best. But man, Eberhart is still sour.
When you're too stupid to understand that the biggest shareholders can takeover your company, then you have nothing to do in business. Having said that, I do feel sorry for these guys. But, they should have been entrepreneurial savvy enough to know that they could be worked out if they wouldn't keep a majority ownership together.
It’s the NDA man
I wouldn't blame them. Imagine seeing how close you could have been to astronomical success. Ouch.
Wouldn't you be? The whole world knows about Tesla and nobody knows they are the founders.
@@iffyschannel they've benefited from Tesla's astronomical success, they're shareholders as well as founders.
The wide-eyed floor outstandingly number because limit essentially tick an a rough son. amuck, tightfisted fine