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.
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.