Reply to post: Little known facts...

No Falcon Way: NASA to stick with SLS, SpaceX more like space ex

Anonymous Coward
Anonymous Coward

Little known facts...

All three of Elon Musk's current businesses were underwritten by U.S. tax payer money. For the record SpaceX has a checkered performance history. Tesla hasn't made a dime profit, has multiple lawsuits for fatalities from users of model S vehicle operating in "autopilot" mode, had a model X fatality last week in CA, has been unable to come close to production levels on the troubled model 3 and Musk is being sued by stockholders over the conversion of the solar panel company stock to $500 million in Tesla stock.

The house of cards is likely to fall sooner than later as Tesla is burning through over a billion in cash per quarter. Bloomberg's calculates they will be out of cash by August '18 as they are spending $480,000 per minute with minimal revenues and many unresolved production issues.

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