Has Elon Musk ever succeeded at anything that did not involve government subsidies?
I know he has had a rough year and we are all supposed to feel sorry for him and all ... but he is worth over $20B.
I believe that Elon has agreed to be used.
By putting “space” into his hands, it removes public access to information from inquiries through the FOIA. NASA has appeared to step aside, but in reality, NASA is one of the money funnels for channeling wealth/resources into the hands of the elite.
All of his rockets are a distracting side show at the circus.
The Tesla board is concerned about Musk’s “recreational drug use. This is the beginning of the end of Tesla. The company burns cash, has squandered huge amounts of capital in “state of the art” giga factories and assembly plants that ,uh, just don’t function well. have produced products of dubious quality and suspect demand. What is more Tesla is spending more on attorney fees defending lawsuits and SEC investigations than it pays engineers. Without the wily Musk’s ability to find new investors, hatch schemes and keep creditors at bay. the whole thing collapses.
Musk is acting like a guy who had a sponsor up high, and then suddenly lost that sponsor. Abruptly.
Out of friends in high places, and out of unlimited government cash, he now is trying to make it work and knows he can’t, since both Spacex and Tesla were set up to never really could.
Spacex has felt like an off-the-books US space launch capability funded by deep state dollars for whatever they were going to use it for.
It explains why NASA got sidelined. NASA was science and on-books stuff mixed with military spacelift missions.
Spacex was private, and quiet.
Tesla? A sort of Solyndra. A funnel and laundromat for various monies.
Tesla doesn’t have any battery IP, or energy management IP. It’s why the entire auto industry is flying past and around them right now.
Musk is acting like a man out in the cold, and knows there are no doors back in. I’d say by November, the ooze from Tesla will spill in earnest and the stock won’t be worth a dollar.
Of course the most positive part of the article (which uses many unnamed sources) is placed at the very bottom:
In response to questions for this article, Tesla provided a statement that it attributed to its board, excluding Musk. “There have been many false and irresponsible rumors in the press about the discussions of the Tesla board,” the statement said. “We would like to make clear that Elon’s commitment and dedication to Tesla is obvious. Over the past 15 years, Elon’s leadership of the Tesla team has caused Tesla to grow from a small startup to having hundreds of thousands of cars on the road that customers love, employing tens of thousands of people around the world, and creating significant shareholder value in the process.”
“he choked up, noting that he nearly missed his brother’s wedding this summer”
you just gotta feel sorry for a billionaire who ALMOST missed his brother’s wedding ...
Every day the man is Higher than SpaceX
What’s with the unrelenting anti Elon crap on here all about?
He is a con man who conned the American people out of billions in subsidies because he was courted by Obama.