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Originally Posted by redpoint5
GM was the only (or at least the major) manufacturer even putting money into electric cars in the 90's. They did nothing to actively kill electric cars. If they aren't profitable, they aren't profitable. Evolution applies to products as well as living organisms. The fittest tend survive.
Bullshine. He put $70 million of his own into Tesla. He put $100 M of his own money into Space X. Other people aren't forced to invest their money into Musk's companies, they do so voluntarily hoping to capture a tiny portion of Musk's success, and perhaps to advance the technologies these companies employ.
I'm no fan of Musk's Tweets and arrogance, but we can dislike him for that rather than conjure up a false narrative about him being an evil overlord.
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$70 million is peanuts compared to the $10.6 billion that Tesla owes.
Pretty much everyone but Musk agrees that Telsa will need at least $2 billion in additional capital in the next 6 months. Musk is worth somewhere between $25 to $30 billion dollars. If he wanted to he could take less than 10% of his net worth and prop up Tesla for another year. He will not do that. Instead he will direct Tesla to take additional loans at less favorable rates and put the company even further in debt. Just like he did when he used Tesla to bail out his other falling company Solar City.
Now I get it. If I could get people to give me billions to pursue a pet project I would take the money. However, there is no reason to go overboard and claim that Musk is "betting it all" on Tesla. Whether Tesla succeeds or fails Musk will still be a billionaire.