Investor Larry Goldberg issued an open letter to Bernie Sanders defending Elon Musk by quantifying the large-scale economic footprint of companies like Tesla and SpaceX. Days later, Musk amplified the document on social media, reinforcing claims regarding worker wealth and widespread retirement fund gains. The analysis details operational growth spanning multiple states, noting substantial indirect hiring driven through local supply chains. Furthermore, the report projects that direct employment across these enterprises could expand to roughly 248,000 workers by 2031 under a base-case scenario.
Key points
Backers argue that high-profile billionaires should be evaluated by their widespread job…: Backers argue that high-profile billionaires should be evaluated by their widespread job creation and industrial investments rather than just personal net worth.
Musk highlighted his companies' roles in expanding employee wealth and bolstering public…: Musk highlighted his companies' roles in expanding employee wealth and bolstering public retirement portfolios through institutional stock holdings.
Long-term projections indicate that direct staffing at these advanced manufacturing firms…: Long-term projections indicate that direct staffing at these advanced manufacturing firms could surge toward a quarter of a million workers by 2031.
Sources checked by our analysis pipeline: 1
Popularly known as Tesla Bull, Larry Goldberg is an entrepreneur and investor. He is also co-author of the book 'The Decision Model'. Goldberg has started around 20 companies over the years, and sold his first software company at the dotcom peak in 1999. Early last month, Goldberg wrote a long open letter to everyone who he wrote say that
Elon Musk is the face of everything wrong with billionaires.
Days later, Elon Musk quoted his letter on X, and claimed how Tesla and Spacex have created wealth for their employees over the years. "Tesla and SpaceX have created meaningful wealth for hundreds of thousands of employees over time and improved the retirement savings of hundreds of millions of people," he wrote.
Here's Larry Goldberg's open letter on Elon Musk
Whenever Bernie Sanders and others on the left hold Elon up as the face of everything wrong with billionaires they omit some very pertinent facts: about 158,500 people draw a paycheck directly from one of Elon Musk's companies today, and by my estimate those companies will support roughly 870,000 jobs by…
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