Every minute that SpaceX must spend figuring out why its rockets are blowing up, instead of launching them, is time the company is not collecting revenue, not earning profits, and not making progress toward Elon Musk’s goal of amassing enough money to finance a manned mission to Mars. So long as SpaceX is kept busy figuring out the SpaceXplosion phenomenon, there can be no relaunch of a “used rocket,” and no test launch of the company’s new Falcon Heavy rocket, either.
Meanwhile, SpaceX’s website continues to describe the company as “profitable and cash-flow positive” — even after two explosions and a combined seven months of inactivity over the past 15 months. The longer SpaceX remains grounded, though, the more questionable those claims will become.
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Summary Tesla’s key asset is Elon Musk’s credibility, as Ed Niedermeyer noted on Bloomberg West Tuesday, and that asset has taken a beating recently. The crashes of Tesla cars on autopilot and Tesla’s lowered guidance share a disconnect: Neither Tesla’s technology nor its operations have lived up to Musk’s hype. The recent spate of negative […]
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Concerns about the pace of vehicle production at Tesla Motors hit the automaker’s shares as questions swirled about the ramifications of a Tesla Model S owner who died while using the car’s autopilot. As investors struggle to assess the implications of the crash for self-driving cars, Fortune magazine published a story in which Tesla CEO Elon Musk […]
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Tesla Motors Inc. and General Motors Corp.’s Chevrolet are preparing to bring out mass-market electric cars next year. If you plan to buy one and help save the planet,people who live near the Atacama salt-flat ask that you spare a thought for the flamingos. The vehicles will be powered by rechargeable batteries containing lithium, a silver-white […]
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U.S. auto safety regulators said Thursday they have opened a preliminary investigation into 25,000 Tesla Motors Model S cars after a fatal crash in which a driver used its “Autopilot” feature. The National Highway Traffic Safety Administration said the crash came in a 2015 Model S operating with automated driving engaged, and “calls for an […]
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“And about those green jobs…” Though they saved the tax credits, state university officials didn’t show the same ambition to save the new jobs promised by Kitzhaber. After the Redco debacle, the university system quickly hired its third developer in the spring of 2012. SolarCity was no solar rookie. It had been around for five […]
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News that SolarCity, another recipient of millions in government largess from the Obama Administration, would be issuing an IPO forced the disclosure that the IRS and the Treasury Department were now investigating the company, and others, for potential abuse of taxpayer funds. The company, which received a subpoena in July from the Office of the […]
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