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Elon Musk and the terrible, horrible, no good $779-mn day

Elon Musk poured the $180 million he made from the 2002 sale of PayPal to EBay Inc into Tesla and SpaceX

Bloomberg 

ElonMuskhasalotridingonhisplantomergeTeslaMotorsIncwithSolarCityCorp-includingabigchunkofhis$8.3billionfortune. Hemaybebetteroffjustgivinguponthedebt-riddensolar-panelinstallerandfocusingonturningTeslaintoaprofitableenterprise.ButMuskhasalonghistoryofthrowinghismoneyafterhisgrandvisions,likeweaningtheworldofffossilfuelsandcolonisingMars,sometimesrunningverylowoncashandcomingclose,byhisownadmission,topersonalbankruptcy. "He'sgotguts,I'llgivehimthat,"saidRossGerber,chief ...

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First Published: Sat, September 03 2016. 00:14 IST
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