Could Tesla Money Have Been Sunk Into Spacex Company?
Teslas share price has dropped almost 24% since peaking Nov. 4,
while Elon Musk has dumped millions in stock, tweeted obscenely about potentially
quitting his job, etc.
Musk has been pouring millions of his own money into Tesla, while burn
ing cash and struggling to deliver.
Tesla Motors CEO Elon Musks willingness to pour his own money into Tesla Motors has kep
t faith with his fellow investors and calmed prospective vehicle buyers in 2008,
when the companys finances were in a precarious state.
When Tesla(tm) needed cash to fund the Model S, Elon Musk chose bankru
ptcy giving away money earned by his success at PayPal (a company he sold) rather than let it die.
Does Tesla Bot Have Potential To Replace The Majority Of Physical Labor? - haymakertavern