Guest Post by Eric Peters
Tesla Motors just borrowed another half-billion. What was it the late great comic Sam Kinison used to say?
It never ends! Oh! Ohhhh!
Elon Musk’s electric car operation suffers from Lack of Profit. It is a problem for a business. Unless you have friends in government. Elon relies on these to fund his Iron Man fantasies, which encompass not only his electric cars – which are pretty and quick but preposterous as economic competition to internal combustion-powered cars – but also his very own privatized, for-his-profit NASA, SpaceX.
They make money in the same sense that the IRS has “customers.”
Continue reading “The Money Pit”
