Apr 20, 2016 Administrator 0 comments
“Failed Businesses Built By Elon Musk and Cronies Cost Taxpayers Billions”

Elon Musk has leveraged great relationships with politicians and other cronies to build his heavily-subsidized companies and that is no more true than in the case of his third company, the space exploration company SpaceX. Arizona Republican Senator John McCain worked tirelessly on behalf of Musk, who has received many donations from Elon Musk. McCain […]

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Apr 20, 2016 Administrator 0 comments
“Elon Musk – Crony King”

“So what? No big deal…right? Billions invested, billions lost, what goes up, comes down. Well, that would be true if it weren’t for that fact that billions and billions of the money had come from the American taxpayer…not just venture capitalists. Solar City and Tesla have taken more than $4.9 billion in subsidies from federal […]

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Mar 02, 2016 Administrator 0 comments
Business Insider: “SpaceX’s new rocket fuel is causing problems with a mission that it has tried to launch three times in the last week”

“SpaceX is having a tough time. Over the last week, the aerospace company founded and owned by billionaire entrepreneur Elon Musk has suffered a series of setbacks that have led it to postpone the same launch three different times. The root of the problem is with a new kind of fuel SpaceX began using for […]

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Feb 24, 2016 Administrator 0 comments
Elon Musk’s SpaceX to buy another $75 million in solar-backed bonds from SolarCity

“SolarCity revealed in a recent SEC filling that the company expects SpaceX, Elon Musk’s rocket company, to buy $75 million in “SolarBonds”. Earlier this year, SpaceX already purchased $90 million in solar-backed bonds from SolarCity, just 2 months after the aerospace company landed a $1 billion equity deal with Google and Fidelity. If this second […]

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Feb 24, 2016 Administrator 0 comments
SpaceX’s rocket just exploded. Here’s why that’s such a big deal.

An unmanned SpaceX Falcon 9 rocket bound for the International Space Station exploded a couple of minutes after liftoff Sunday morning. It was the third cargo mission to the space station to be lost in recent months. Read More

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Feb 24, 2016 Administrator 0 comments
SolarCity stock drops 20% on loss, slower growth plan

“The largest solar installer in the U.S., SolarCity, saw its stock drop about 20% in after hours trading, following a larger than expected loss for its third quarter financial results, and news that the company will start focusing on cost cutting and slower growth next year.” Read More

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Feb 24, 2016 Administrator 0 comments
SpaceX fails a third time to land its Falcon 9 on a drone ship in the sea

SpaceX has failed to land its Falcon 9 rocket on an autonomous drone ship in the Pacific Ocean after launching the vehicle into space. The company originally said that the rocket came in too hard, but after further review of the data, SpaceX concluded that one of the rocket’s legs failed to lock, causing the […]

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Feb 24, 2016 Administrator 0 comments
Elon Musk’s Companies Down Billions In 2016, Promises Tesla Will Make Money This Year

“For the entire year Tesla lost a total of $889 million, more than tripling its 2014 losses of $294 million, reports The Wall Street Journal….Tesla has been hemorrhaging roughly $400 million a quarter for over a year trying to meet deadlines and expectations for the Model X SUV released last fall.” Read More

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Feb 24, 2016 Administrator 0 comments
Elon Musk Losing Billions as SolarCity and Tesla Motors Falter

“Questions about growth in the market generally have gone up in 2016 and that has combined with Musk missing his own growth targets at SolarCity and Tesla Motors to hurt the stocks. The benefit of the doubt that Musk used to build his wealth has begun to evaporate.” Read More

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Feb 24, 2016 Administrator 0 comments
Here’s Why Shares of Elon Musk’s SolarCity Are Tanking

“Shares of SolarCity SCTY -5.92% , the nation’s largest solar panel installer, tanked by over 35% after New York trading hours yesterday, following a weak earnings report of missed forecasts and downward adjustments on future sales.” Read More

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