SolarCity Destined for Bankrupcy

Why Solar City has a date with destiny. Point 1: Basically: Solar City is deceiving investors. “Stated differently, you can run a company that burns $100s of millions of dollars in cash, yet take on massive amount of debt/leverage, and include this in your definition of free-cash-flow, and Abracadabra you’re a good business. At best […]

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Has Elon Lost his Touch?

LOST GOLDEN TOUCH? The quiet support was drowned out by criticism as the stock fell. This deal feels like (Musk) has lost his Midas touch. I also feel like Musk is trying to do too much,” said well-known investor Jeffrey Gundlach, chief executive at DoubleLine Capital, which does not hold Tesla shares. Investors who short […]

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How it Adds Up: Elon’s $4.9 Billion

TESLA MOTORS: $2.391 billion total $1.29 billion — Nevada tax incentives for Gigafactory $45 million — Value of discounted Department of Energy loan $90 million — California Alternative Energy and Advanced Transportation Financing Authority $517.2 million — Sale of California and other regulatory credits $284 million — Estimated value of federal income tax credits for […]

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Elon Musk’s growing empire is fueled by $4.9 billion in government subsidies

Los Angeles entrepreneur Elon Musk has built a multibillion-dollar fortune running companies that make electric cars, sell solar panels and launch rockets into space. And he’s built those companies with the help of billions in government subsidies. Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, together have benefited from an […]

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