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Will SpaceX bail out Tesla?

Link here. There appears to an effort on Wall Street to convince SpaceX to use its significant profits to bail out failing Tesla. It is also unclear whether Musk agrees with this approach.

If SpaceX does this, it will be a very bad thing for the company’s future, throwing good money after bad. Musk might love both companies and what they are trying to accomplish, but the future of the two companies appears to be heading in opposite directions. To weigh SpaceX down with an unprofitable company that has a failing product would seriously harm SpaceX’s abilities in the future.

Genesis cover

On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.

 
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.


The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
 

"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News

5 comments

  • Orion314

    Odd, apparently , building a quality car is more difficult than rocket science?

  • geoffc

    I think at this point, Tesla is farther from failing than before.

    They have their production lines hitting 5K-6K cars a week. They seem like they are sustaining that. That is the point they claim to be making money.

    Their power pack buisness is starved for batteries not customers.

  • wodun

    Tesla isn’t failing. Their stock price represents a cult like following rather than the actual value of the company though.

    They make cars and people buy them. They can’t keep up with demand. That is the opposite of a failing product. If they made cars and no one bought them, then they would be a failure.

    Production is an engineering and operations problem, it can be solved.

    What is troubling is the recent suit against Musk alleging he was manipulating the stock price to hurt people who shorted the stock.

  • FC

    This looks like something one analyst dreamed up to get attention. I’ll believe it when I see it.

  • Willi

    We’ll see if Musk learned anything from what happened when Tesla bought Solar City…

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