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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


Elon Musk has a lot riding on his plan to merge Tesla Motors Inc with SolarCity Corp - including a big chunk of his $8.3 billion fortune. He may be better off just giving up on the debt-ridden solar-panel installer and focusing on turning Tesla into a profitable enterprise. But Musk has a long history of throwing his money after his grand visions, like weaning the world off fossil fuels and colonising Mars, sometimes running very low on cash and coming close, by his own admission, to personal bankruptcy. "He's got guts, I'll give him that," said Ross Gerber, chief ...

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