“Hubris, arrogance, is just one step ahead of loss of integrity.” – Charles Koch
Earlier this week, Tesla CEO Elon Musk called his proposed takeover of SolarCity a “no-brainer” that could ultimately create a combined solar, battery and electric car powerhouse with a record $1 trillion market valuation.
Musk added that he does not expect the deal to create “additional financial risk for Tesla” nor impact the Model 3’s aggressive production ramp. He also said that it was not motivated by the solar company’s financial troubles, and that he expects SolarCity to turn cash-flow positive in three to six months.
Of course, another possibility is that Musk is simply doing what he’s done countless times before: selling investors a bill of goods.
The Center for Business and Responsible Government (CBRG) is a non-partisan organization dedicated to highlighting cronyism and its effect on American taxpayers and policy. We believe public officials should establish an even playing field for all businesses to compete in the marketplace, not just those special interests who line their pockets.