solar city / tesla vanity fair article
reading this article, it sounds like elon bought solar city to bail out himself and his cousins, and misled the shareholders with a non existent product to do so. also sounds like solar city was playing the borrow long / lend short strategy to fuel growth that didnât happen. whatâre you alls take on this? https://www.vanityfair.com/news/2019/08/how-elon-musk-gambled-tesla-to-save-solarcity
What you say is a known fact.... Nothing new here.
I keep saying that Elon Musk will be in prison before Christmas.
Technically is it illegal what he did?? It's normal practice at small companies
SpaceX bailed out solar city with low interest loans on several occasions. Elon uses SpaceX as his personal piggy bank subsidizing his shit projects like boring co and hyperloop because he couldn't get away with this funny accounting in a public company.
Fucking boring company is the biggest money pit ever. Pun intended. I'm glad someone else sees it for what it is!
Wow thatâs nuts
When the company is hot corporate governance takes a back seat. Weâve seen this many times. SolarCity and WeWork are just playing out in front of our eyes. If Tesla wasnât hot how would board of directors allow this to happen? Itâs red tape all over it.