In short, SolarCity shareholders know what they’re getting with this merger — an unexpected bailout. Tesla shareholders are not so fortunate, and SolarCity’s bad balance sheet may be the least of what they have to deal with.
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Tesla: Please Help Fund Our Ludicrous Project!
Summary
- Tesla possibly transitioning to 503(c)(3) organization by asking for $135K “donations” to fund its next project.
- Being a charity might be a good fit as it continually needs cash and is already “tax exempt” in that it may never pay taxes.
- The champion of sustainability has accelerated Ludicrous mode for those who can pay the price.
- In a ludicrous twist, begging for orders probably confirms that the company will be going from 2.5 (billion) to zero (cash) more quickly than anyone anticipated.
- Meanwhile…in the real world, Bosch, Mobileye, and Delphi are doing much more interesting things.
Elon Musk’s, Rives’ SolarCity bond purchases are ‘very odd’
Elon Musk’s purchase of $65 million of SolarCity debt is highly unusual and does not send a good signal to investors, says a corporate governance scholar.
Read more "Elon Musk’s, Rives’ SolarCity bond purchases are ‘very odd’"From DeLorean to Tesla
Mr. Musk’s frequent recourse to hyperbole lately has many analysts wondering what Elon is up to. A Journal story this week detailed 20 cases, over the past five years, of him touting financial or production goals that Tesla failed to meet.
Read more "From DeLorean to Tesla"In past five years, Tesla failed to meet more than 20 Musk projections
“I have never set a goal which I know is unrealistic, unless I have specifically said I know it’s unrealistic,” said Mr. Musk, 45 years old, in an interview. Earlier this month, he committed to boosting Tesla’s weekly output more than 50% by the end of this year compared with the first half of 2016.
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“Most Deceptive CEO I’ve Ever Seen”
“Tesla has absolutely nothing sustainable propriety and yet it’s losing a massive amount of money with zero direct long-range electric car competition. Starting in just a few months and into 2018 it’s going to be swarmed with long-range electric car competition,” Spiegel explained.
Read more "“Most Deceptive CEO I’ve Ever Seen”"No, Tesla, You Are Not A Special Special Snowflake
Author:Kristen Lee Source: Jalopnik Tesla’s direct sales model versus nearly everyone else is old news. While I fully support a direct sales model, I also can’t help but pause at Tesla’s latest argument for it. In an ongoing court battle between Tesla and the state of Utah, Tesla holds strong to its business model, according […]
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