This is the same Elon Musk that has the rocket company doing what NASA can’t. I don’t know where he gets his rocket company money. Probably a lot comes from you and me. I think we need a (sort of) private rocket company that actually makes something we need.
Musk should knock the electric car on the head go full tilt into the rocket bizz. Maybe then we have a chance on catching up with the Ruskies.
https://www.ericpetersautos.com/2018/06/14/elon-needs-more-money/
by Eric
Last month, I wrote about Tesla CEO Elon Musk’s contemptuous and breezy dismissal of questions asked by financial analysts about the cashflow situation at Tesla. Would the company need yet another infusion of money to remain afloat? Lame! Next question.
That was Musk’s response.
As it turns out, it’s Tesla that’s lame. The company – Musk – just laid off several thousand employees, about 9 percent of its workforce – which is one way to raise cash (by not spending it on worker salaries) when you don’t want to admit you need another infusion from investors – or realize you might not be able to get one because those investors are becoming gun-shy about giving money to Elon. Read the rest of this entry »
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