Image from video provided by SpaceX shows a Tesla sports car launched into space during the first test flight of the Falcon Heavy rocket in February 2018. A Morgan Stanley analyst said Wednesday one option for troubled Tesla is a merger with SpaceX.
Jonas did not make clear what financial benefit SpaceX might bring. No one outside the company or its investors knows whether SpaceX makes or loses money, or how much. And SpaceX itself has been holding out the hat for more capital investment.to a distressed credit and restructuring story,” Jonas said. First-quarter auto sales dived 41% and the company is bleeding cash.
“They built this hulking infrastructure to support more like 1 million cars a year, not 350,000 cars year,” Jonas said. And most analysts don’t think Tesla will build that many cars in 2019. That leaves SpaceX, the private rocket company that Musk also founded. The latest public information available, from 2016, shows “Mr. Musk’s trust” owns 54% of the company, and has voting control of 78% of the stock.
...WHOA !! ....that looks like Planet Earth...!!!!
Th0mA$ EDDi$0N... DISapprovez¡!¡
From the Wall Street crowd that recently wrecked our economy. 👎🏻
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