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> As the article points out, Tesla went public before the "founder gets preferred shares that have all the voting power" thing became popular. This is simply n
by dntbnmpls 6y ago
> As the article points out, Tesla went public before the "founder gets preferred shares that have all the voting power" thing became popular.
This is simply not true. Google popularized it in 2004 with their IPO. It's how page/brin today control over 50% of the alphabet votes. Zuckerburg copied page/brin. The reason why musk couldn't get the same privileges is because tesla wasn't a growth powerhouse that google/facebook/etc were. He wasn't in position to make such demands from investors.