Musk - a competitor and a mentor, page-5

Hey mega, This reminds me of the saying "all that glitters isn't gold." Musk is an interesting character but do some research on him and there are some worrying signs. He often falls short on his promises and has funded a lot of his business with debt. He has wrongly been attributed with creating PayPal. While this was a success a lot of his business is based on potential rather than business success. A good read is
http://www.newyorker.com/business/currency/elon-musk-has-delivery-issues/amp He may as yet produce a company that is transformational and produces profits but he is a long way from it as yet. In fact Last year they had a loss of 770 million. But the stock market is a funny thing. Telsa passed ford in market cap despite selling only 25000 cars in a quarter compared to fords 225000 in a month! Telsa sales in Hong Kong dropped to 0 when a tax incentive was removed. Musk is pinning his hopes on model 3 problem is GM and Volkswagen are both releasing fully electric cars ahead of him. So I would be wary of all that he promises. And in this context it makes the SA government decision all the more baffling