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Is Elon Musk building our future with somebody else's money?

Has Elon Musk found a way to pay for a public good with private dollars? That is the very interesting question columnist Jon Evans asks in his Tech Crunch piece "In praise of Tesla's bankruptcy." The article follows, below ...


You know everybody loves Tesla-the-company. But did you know that a whole lot of smart people hate Tesla-the-business? “From a return-on-investment-capital standpoint, Tesla is a catastrophe.” “The electric-car maker has been burning money at a clip of about $8,000 a minute (or $480,000 an hour.)” “Tesla is losing a massive amount of money with no competition, and yet massive competition is coming.” Jim Chanos summarized all of the reasons why nicely: “If you wouldn’t be short a multi-billion-dollar loss-making enterprise in a cyclical business, with a leveraged balance sheet, questionable accounting, every executive leaving, run by a CEO with a questionable relationship with the truth, what would you be short? It sort of ticks all the boxes.” A lo…

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