One of Henry Ford's early failed business ventures later became Cadillac

One of Henry Ford's early vehicle prototypes broke an all-time speed record and got him the money to start Ford Motor Company

In 1904, Henry Ford raced the "999" across a frozen lake and reached an average speed of more than 90 miles per hour, beating the then-record for fastest land speed. Ford's success attracted the eyes of the earliest investors in the Henry Ford Company, Ford's company before he started Ford Motor Company.

Henry Ford pioneered the first moving assembly line, building on earlier iterations of the manufacturing method

Although cars existed before the Model T, manufacturing them required a group of highly specialized mechanics. The Model T was so affordable in large part because of the moving assembly line, which cut down the total manufacturing time of the car and replaced specialized workers with general laborers who performed repetitive tasks.

How Cadillac joined F1 as the first new team in a decade

The process was not an easy one: Despite growing American interest, thanks to Netflix's "Drive to Survive" and the 2025 film "F1," the 10 teams in the league were resistant to another team diluting the prize money. That changed when Cadillac agreed to pay $200M to become Formula 1's 11th team. This deep dive from ESPN's Nate Saunders details how the company made the deal happen.

Learn about the relationship between Thomas Edison and Henry Ford

Despite their 16-year age difference, legendary inventor Thomas Edison and Henry Ford developed a close relationship after meeting at a convention in New York. The two—alongside environmentalist John Burroughs and Harvey Firestone, the founder of Firestone Tire—were known as the "Four Vagabonds" and were famous for their long roadtrips, which were often highly publicized.

Watch someone drive a Model T Ford, which feels like driving 'a tractor with the soul of a sewing machine'—and learn how to operate one.

Abandoned Detroit: the decline of America's car mecca

Detroit, Michigan, began as a fur trading post in the 1700s but would become the world epicenter of car manufacturing in the 1900s after Henry Ford developed his paradigm-shifting assembly line at a plant there. Racial tensions, a lack of economic diversification, and poor leadership would plunge the city into poverty and decay in the late 1900s, culminating in a 2014 bankruptcy. Browse the somber images of the city's abandoned spaces here.

Listen to the details of Henry Ford's widely speculated affair and secret child.

Henry Ford once ran a failed rubber plantation in Brazil's Amazon Rainforest

In 1927, Henry Ford bought 2.5 million acres of land off the Amazon River in Brazil, with the intention of creating an American-style Ford factory to produce the rubber needed for tires. The development, known as Fordlandia, was never able to produce enough rubber, and Fordlandia was officially shut down in 1945.

Walt Disney's visit to a Ford factory helped inspire the layout for Disneyland

Walt Disney visited Henry Ford's Greenfield Village and the Ford Motor Company's River Rouge manufacturing plant on a trip to the 1948 Chicago Railroad Fair. The layout of Greenfield Village inspired the different, distinctly themed sections of Disneyland in Anaheim, CA.

Tesla's lack of business savvy and inability to commercialize led to his obscurity

For decades, despite pioneering technologies for large-scale electrical systems and telecommunications, Nikola Tesla had been forgotten to history. Rather than monetizing his work and becoming more well known, his inventor-first mentality saw him sell off lucrative patents to fund new experiments in the short term.

Henry Ford built a plastic car from soybeans in 1941

To pursue his goal of marrying industry with agriculture, among other reasons, the automobile giant oversaw the design and creation of a vehicle with 12 panels made from plastic. At 2,000 pounds, the car was much lighter than all-steel ones, but production stopped during World War II.

The Model T's simple but functional design helped the car become popular

Thanks to its low manufacturing costs, the Model T made it so many Americans could actually afford a personal vehicle. The car was produced as a simple, open-air vehicle that could be upgraded with aftermarket additions (like window wipers or better headlights).

Adolf Hitler deeply admired Henry Ford, citing him as an inspiration for "Mein Kampf"

Hitler frequently praised Ford's anti-semitic viewpoints, both before and during the Holocaust. While Ford denied being sympathetic to the Nazi regime, Hitler kept a portrait of Ford on his desk, and Ford accepted the highest military award available to a foreign citizen from the Nazi government.

Tesla's first successful AC prototype used a metal shoe polish tin for a rotor

After leaving his position working with Thomas Edison, Tesla partnered with George Westinghouse to promote alternating current systems as a more viable, scalable solution to electricity transmission.

Motown Records used an assembly-line approach to songwriting, inspired by founder Berry Gordy's time at Ford Motor Company.

A pair of engineers began Tesla to prove the viability of electric vehicles

Martin Eberhard and Marc Tarpenning sought to design a high-end electric sports car for environmentally motivated, affluent buyers. The Tesla Roadster would be the first highway-legal car to use lithium-ion batteries.

Read how Fordism helped invent the American middle class

Henry Ford's revolution of the assembly line and American manufacturing as a whole gave rise to the American middle class. The introduction of the $5 workday (in exchange for eight-hour days of highly repetitive work) raised factory workers' wages enough to reorient the economy around consumer demand.

'Profits made out of the distress of the people are always much smaller than profits made out of the most lavish service of the people at the lowest prices that competent management can make possible.'

- Henry Ford

Tesla open-sourced all its patents to speed up industry adoption of electric vehicles

The company employed a disruptive strategy to transform the transportation market, but early struggles, including leadership shifts and near bankruptcy in 2008, threatened its efforts to bring electric vehicles to the mainstream.

The Failure Museum is a curated collection of over 1,000 items representing failed products and companies

Sean Jacobsohn, a tech investor and founder of the Failure Museum, uses items from failed businesses to explain the six primary forces behind their flops, from a Theranos mug to a Blockbuster membership card.

Thomas Edison inadvertently spurred the film industry's move to Hollywood

The inventor's patent on the motion picture camera included several stipulations that required independent movie studios to work with Edison's Motion Picture Patents Co., making the East Coast undesirable for aspiring filmmakers.

Explore a gallery of electric vehicles from before 1920

In 1884, Thomas Parker invented the first practical electric car in London. By the turn of the century, early EVs were seen on the streets of Washington, DC. Automaker promotional materials included photographs of cars on mountain roads and other terrains.

In 1932, Mexican artist Diego Rivera painted a series of murals in Detroit depicting the city's automotive workers and criticizing the Ford Motor Company, leading to weeks of controversy.

Car touchscreen debuted on 1986 Buick Riviera, but flopped

Preceding car infotainment centers by decades, the technology that was unveiled in the Buick elicited praise from auto journalists, but consumers did not make investments in the cars.

'I have not failed. I've just found 10,000 ways that won't work.'

-Inventor and businessman Thomas Edison (1847-1931)

Watch a video of Henry Ford giving square dancing lessons

In the 1920s, Henry Ford did his best to promote square dancing—particularly dances that he learned in his childhood—by teaching lessons twice a week. He believed square dancing was the "correct" way of dancing and was fiercely opposed to jazz music, which was rising in popularity at the time.

BYD overcame Tesla via state backing, cheaper cars, and vertical integration

The one-time battery company eclipsed Tesla in total sales in 2024. The Chinese-backed manufacturer targets low- to mid-tier cars and builds 75% of its components in-house. Its cars typically retail at half the cost of similar Tesla models.

Elon Musk's first company was an online business directory called 'Zip2'

Musk started the online alternative to Yellow Pages in 1995 with his younger brother. Musk sold the company for $305M in 1999.

Bob's Discount Furniture was born from a motorcycle accident

Founder Bob Kauffman crashed his motorcycle and nearly required a leg amputation. After sleeping on a waterbed appeared to help his recovery, Kauffman decided to sell the beds. His authentic and frugal approach (and goofy commercials) led to quick growth.

Twain was a notoriously bad investor

After becoming a famous writer, Twain invested in railroad stocks, a magnetic telegraph, and a printing press that weighed four tons. Eventually, he founded his own publishing company, which ultimately led to his bankruptcy. “He is, in business,” one lawyer said, “just a big overgrown boy.”

Hamilton founded what many regard as the first commercial bank in the United States

In 1784, Alexander Hamilton helped found the Bank of New York, which initially operated without a charter, financed early federal operations, provided what is considered the US government's first loan, and became the first stock traded on the New York Stock Exchange.

Despite meeting as ambulance drivers in WWI, Ray Kroc and Walt Disney weren't the driving forces behind McDonald's and Disney's numerous business partnerships.

The Ford Foundation helped expand America’s regional theater

In 1961, the philanthropic arm of Henry Ford’s massive empire seeded an initial grant of $9M to fund regional theaters around the United States. This was done to replicate the repertory theaters throughout Europe.

The Wrights battled inventor Glenn Curtiss for market dominance, ultimately losing

Their 1903 flights were met with skepticism, and the pair were hesitant to conduct public demonstrations. By 1908, Curtiss developed his own airplane, successfully flying a mile in front of judges and winning the nation’s first pilot license. The Wrights sued for patent infringement, sparking a business war.

Learn about how General Motors dismantled America's streetcars

This documentary argues that GM systematically bought up and destroyed streetcar networks across the US in the 1930s, replacing them with buses and helping put the automobile at the center of American culture.

'Many of life's failures are people who did not realize how close they were to success when they gave up.'

- Inventor Thomas Edison (1847 - 1931)

Nearly 40% of American cars were electric in 1899

They were most common in cities, where battery swap stations allowed drivers to "refuel" their vehicles reliably. Innovations in combustion engines caused electric cars to lose ground until environmental policies and advances in battery technology revitalized interest.

California startup Rivian has attracted disillusioned Tesla owners

Some electric vehicle buyers frustrated by Elon Musk's antics have been won over by the adventure-focused company, which has received a $5B investment from the Volkswagen Group to develop crossover and hatchback models with solid-state batteries.

Before their historic flight, the Wright brothers ran a bicycle shop in Dayton, Ohio, where they built the world's first successful powered aircraft.

Explore Bessemer's anti-portfolio of missed opportunities

From Pinterest to Yelp, Bessemer Venture Partners—one of the most well-known VC firms—has invested in many successful companies over the years. But the firm has also kicked itself for passing on a few great opportunities, like Apple and Google. Check out the other companies in Bessemer's "anti-portfolio" here.

Two of American Express' co-founders also founded Wells Fargo

Henry Wells and William Fargo formed Wells, Fargo & Co. two years after American Express was created. Wells and Fargo saw an opportunity to expand the express delivery service from the East Coast and Middle America to the West Coast. The two initially asked the American Express board to expand operations, but the board declined, so they decided to create their own company. Today, Wells Fargo is among the top four largest banks in the US.

Bill France Sr. founded NASCAR after organizing stock car races

Bill France Sr. was the first person to organize stock car racing in America. By the 1940s, the company he created had changed the sport forever.

How venture capital firms came to be

The venture capital firm that kickstarted an industry.

Ford became the first and only president to pardon his predecessor

President Gerald Ford issued a "full, free, and absolute" pardon to Nixon on Sept. 8, 1974, covering any crimes committed between Jan. 20, 1969, and his resignation—effectively ending legal proceedings and making Nixon the first president ever pardoned by his successor.

How one man placed the first short against the Dutch East India Company

Isaac Le Maire, a Dutch businessman and cofounder of the Dutch East India Company, is said to be history's first short seller, betting against the Dutch East India Company's stock price. Le Maire, who had been fired from the spice trading company over an unclear financial dispute, began spreading false rumours about the company to encourage people to sell their stock in order to tank its value.

The American Research and Development Corporation is considered the first modern VC firm

Best known for investing in companies that wanted to utilize some of the technology developed during World War II, the ARDC’s cofounders all held prestigious positions at places like MIT and the Federal Reserve Bank of Boston.

Watch a video about Greenfield Village, Henry Ford's recreation of an ideal American town

Henry Ford designed Greenfield Village, an open-air museum with restorations of historic buildings, that represented Ford's idealization of what a simple American life should look like. Among the most notable buildings in the village are Ford's childhood home and a recreation of the one-room country schoolhouse Ford attended through the sixth grade.

Microsoft's initial successes came from promising products that did not yet exist

In discussions with teams responsible for MITS's Altair 8800 and IBM's PC, Bill Gates and Paul Allen claimed to have created ready-to-use software. Code for the former was not completed until Paul Allen's flight to MITS' headquarters, where the software was successfully tested for the first time.

Elon Musk joined Tesla in 2004, investing $30M and becoming chair

The company went public in 2010, raising $226 million in its IPO just two years after beginning production on its first car. Tesla's first Supercharger stations were launched in 2012 with six locations in California.

How a garage became the birthplace of Silicon Valley

Bill Hewlett and Dave Packard are well known for founding the company Hewlett-Packard. But before their success, Hewlett and Packard sat in a garage and created their first product together. Today, that garage is deemed the "birthplace of Silicon Valley" and is marked as a historical site.