Elon Musk recalls SoftBank’s WeWork bet and Tesla stake: Here’s why

The contrast looks back on Son’s past regrets and other misses even as the Alibaba bet turned a $20 million investment into tens of billions.Elon Musk posted a status on social platform X, “I remember that time when Masa, instead of putting $12B into Tesla for a 1/4 of the company to help me take Tesla private, instead invested the money in WeWork.

That was dumb.”On social platform X, users have been responding with one writing, “ Cybercabs aren't going to be widely available anytime soon, and the average American family is not going to be using it.

This is going to be mostly an inner-city transport, and as cool as it is, it's not going to captivate the American population the same way the vehicles you have canceled and are canceling have.”Second added, “ He is a horrendous investor.

SoftBank continuing to exist is just a testament to how money compounds when you’re rich even when generally incompetent.” Elon Musk recalls SoftBank’s WeWork bet and Tesla stake: Here’s why November 11, 2026.