Disproving Elon Musk’s “Vertical Integration Theory” for Tesla-SolarCity Deal

Summary Tesla’s explanation of vertical integration benefits from a SolarCity acquisition belies a lack of understanding of what vertical integration means and its associated benefits and costs. The Tesla identified forward and backward integration benefits created from a SolarCity acquisition are murky at best and do not necessarily correspond to traditional vertical integration value levers. […]

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SpaceX Attempted Monopoly

The most bitterly contested issue in Senate floor debate of the National Defense Authorization Act this year was whether the Department of Defense would be allowed to continue using Russian rocket engines to lift national-security satellites into orbit.  The engines, called RD-180s, provide first-stage thrust for Atlas launch vehicles built by United Launch Alliance, a […]

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