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Tesla/spacex – financials and raising

2 pointsby raleigh_userover 6 years ago
I&#x27;m a huge tesla and spacex fan. going on 10+ years now.<p>I&#x27;ve recently gotten back on Twitter and in an effort to be more exposed to opinions outside of just the tech world have seen a lot of criticism about Tesla&#x2F;SpaceX running out of money and about to die.<p>Understand everyone here worships Elon and loves the products. Without spending 25 hours researching what is <i></i>real<i></i> about this, the good and bad vs the supposed media&#x2F;twitter craze.<p>I chalk it up to finance not understanding how to build innovative and very lasting companies. But also don&#x27;t want to be ignorant.<p>Some of the things I saw, cited by influential finance people<p>-SpaceX tried to raise 500m and only raised 273m (might be explained by holiday season)<p>-SpaceX laying off 10%<p>-Tesla breaking ground on factory without designs (feel like this is so wrong but I just don&#x27;t know)<p>-Tesla not being able to raise more money (because of a <i></i>wells notice<i></i>, of which I just learned what that means)<p>-SpaceX resources being used for Boring Co tunnels<p>-Tesla not sending permanent license plate tags for some <i></i>super complicated<i></i> finance scam to delay paying down their a&#x2F;p until they sell another car (ponzi scheme)<p>-Elon vs Azalelia banks drug cocaine twitter beef<p>there&#x27;s a ton more. And I realize everyone tweeting could have a short position and be doing so to try to instill doubt but this seems like a lot.<p>what is the tl;dr other than Elon does some insane stuff and is equally an asset as he is a liability?<p>What should someone who wants both of these companies to succeed but doesn&#x27;t want to be optimistically ignorant need to know?

1 comment

Nokinsideover 6 years ago
That Elon Musk has leveraged 40% of his Tesla stock to fund his other businesses.<p>SpaceX is private company so we don&#x27;t know how much his SpaceX ownership is pledged as collateral.
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