Elon Musk is Going to Build a Vast Network of Deep Underground Bases and Tunnels.

Musk is a balls to the wall risk taker. Nuff said.

 

With other people's money. I think he only risked his own money once in the last 20 years.

 

Wrong. He used all of his cash to finance TSLA. He loaned them his last 100 mil to get them out of a jam. Then things turned up and its been up up and away.

 

I mentioned that. The other 5 times when he raised money he used you and your like to dilute the stocks.

Famous last quotes:"Tesla will never need to raise money..."

 

Here’s the first look at how Elon Musk’s ‘boring’ car tunnels will work

https://www.recode.net/2017/4/28/15475636/elon-musk-boring-company-tunnels-ted

 

Using OPM isn't a negative btw. It's the WHOLE game!

 

Just on cue for friday gains. He must have a full staff of formerly unemployed sci-fi writers feeding him shit to feed us.

 

If you do it diligently. Musk is certainly not. He could have made the M3 3 years earlier instead of the X, so the 7K tax credit have gone to the masses, but no, let's subsidy the rich because they need it. Not to mention the clusterfuck the X is....

And I won't even bring up the non-GAAP accounting. I will just bring up the 20 BILLIONS in liability... Or the saving his cousins ass, because "vertical integration."

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Somebody on SA said it better:

"A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game) is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.

Yeah. Sort of sounds like doing round after round of dilutive stock offerings to pay off earlier investors in Solar Bonds (namely SpaceX) or even to protect yourself and early SolarCity investors of debt or collapse by using some of said funds raised for Tesla to bail-out SolarCity.

Since Tesla makes no money in profits, has no positive cash flow, any money being paid out to cousins, brothers, other companies you are the CEO of, vegetables, minerals and rocks certainly seems to come dangerously close to a "soft Ponzi".

We will skip talk of all the money early investor Kimball Musk is cashing out and Musk's own 600m days after $2 Billion in new capital was raised by operators of Tesla via a stock offering last year. You know the offering where they withheld info on the broad daylight autopilot fatality.

I'm sure there is an extra fancy term for when all this involves government money too."

 

This is so fucking stupid on so man levels.... But the price of the stock went up probably $10...

 

Hey, what is a 4 billions hidden liability between friends?

https://seekingalpha.com/article/4065125-teslas-hidden-4-billion-liability

At Tesla, they call it Tuesday....