from The Daily Bell:
Tesla’s stock falls after Elon Musk reveals his ‘master plan’ … CEO Elon Musk, has a “master plan” for his company and for the future of electric vehicles and autonomous driving. After more than a week of teasing about its existence, Elon Musk revealed Part 2 of his “master product plan” for Tesla on Wednesday evening. Or, as he calls it, “part deux.” -LATimes
A visionary and his master plan. Do we believe it?
We previously wrote about Musk HERE:
Elon Musk and Tesla Are the Face of Bubbling Stock Market, but Maybe Not for Long … It is true, that Elon Musk is considered by many to be a true visionary, but in our view, few visionaries turn their dreams into reality with $4.9 billion in government support.
That’s according to the LA Times last summer.
SolarCity, SpaceX and Tesla all received massive funding injections. Musk wasn’t appreciative of the estimates, calling the report “incredibly misleading and deceptive to the reader.”
But according to the Times, Tesla alone received $2.3 billion – and that was last year.
Musk’s companies make electric cars, sell solar panels and launch rockets into space. But none of them make any money. And these past weeks, as The Wall Street Journal pointed out, Musk has seen his publicity sour.
The souring had to do with Musk’s proposal to buy solar-panel manufacturer SolarCity Corp. – a move criticized by Tesla analysts and followers.
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