Moon Mission
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Elon Musk is Tony Stark
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I suppose with the cash it would be fantastic, although I'd have reservations that NASA still had the best engineers. Whether that's true or not would be a moot point.
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@antipodean said in Moon Mission:
I suppose with the cash it would be fantastic, although I'd have reservations that NASA still had the best engineers. Whether that's true or not would be a moot point.
And they still had rockets explode, it's a bloody risky trip no matter who's running it.
I hope this is the start of another space race, space tourism.
Also, it will be great for the hi-def shots we will get of the moon, and piss off the conspiracy nuts that say the radiation belts would kill people.
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@NTA said in Moon Mission:
@Stockcar86 said in Moon Mission:
Elon Musk is Tony Stark
But less debonair
With intact nasal septa
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@Kirwan said in Moon Mission:
@Tim On the plus side, didn't they find ice a while ago?
so the Community is fucked before they get there? Just send the Huks in first
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The moon shot thing coincidentally came out at the same time as -
Tesla's 'close to the edge' cash foretells capital raise
Tesla Inc <TSLA.O> Chief Elon Musk has taken big risks repeatedly since going public in 2010, but investors were spooked on Thursday after he said the electric car company could get "close to the edge" as it burns cash ahead of its crucial Model 3 launch.
Tesla Inc (TSLA.O) Chief Elon Musk has taken big risks repeatedly since going public in 2010, but investors were spooked on Thursday after he said the electric car company could get "close to the edge" as it burns cash ahead of its crucial Model 3 launch. Facing yet another cash crunch, Tesla will likely be forced to head to Wall Street for more capital, analysts said. Shares tumbled 5.8 percent on Thursday, their biggest intraday percentage fall in eight months.
Musk told investors after the company released its fourth-quarter results on Wednesday that the upcoming Model 3 sedan, the $35,000 mass-market vehicle on which the company's future profitability hinges, requires no additional outside funding as it readies for production this year. "But we get very close to the edge," Musk said. "So we're considering a number of options but I think it probably makes sense to raise capital to reduce risk."
And their CFO quit.
Basically Musk has a fantastic vision, but it involves bleeding cash till.. well, almost forever. So he needs people to buy the dream & give him more cash. So far so good.
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@gollum said in Moon Mission:
Basically Musk has a fantastic vision, but it involves bleeding cash till.. well, almost forever. So he needs people to buy the dream & give him more cash. So far so good.
Diversion of sort, but I read an interesting piece the other day about Steve Jobs and Pixar. I had never really been interested in the Jobs story so I didn't realise that he 'bled cash' for years propping up Pixar without even really understanding why he was doing it. I don't know if it was a gut feel that it was a worthy thing to keep going but it's funny how things turn out. It seemed from the story that Apple (as we know it) would never have happened if it wasn't for Woody and Buzz
Sometimes I guess the best entrepreneurs are the ones whose gut feel pans out -
Yeah that Sunday Times write up was great. This -
How Steve Jobs Became a Billionaire | Fortune
It wasn't Apple that made him his first billion, as a book by Pixar ex-CFO Lawrence Levy explains.
is basically the same story with no paywall (the times one is too long to paste).
Tho' the diffeence between Jobs & Musk is Jobs could 100% cashflow Pixar, Musk has already way over reached that, to the extent that he's bailing out one of his companies using his other company. And not using his own cash to do it.
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@gollum said in Moon Mission:
Basically Musk has a fantastic vision, but it involves bleeding cash till.. well, almost forever. So he needs people to buy the dream & give him more cash. So far so good.
The theory among Musk fanbois (of which I am, unashamedly, one) is that he gives scant fucks about profit. He needs about enough to keep the lights on, and carry out his plan of decarbonisation and getting onto other planets etc.
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@NTA said in Moon Mission:
@gollum said in Moon Mission:
Basically Musk has a fantastic vision, but it involves bleeding cash till.. well, almost forever. So he needs people to buy the dream & give him more cash. So far so good.
The theory among Musk fanbois (of which I am, unashamedly, one) is that he gives scant fucks about profit. He needs about enough to keep the lights on, and carry out his plan of decarbonisation and getting onto other planets etc.
Yup, I am such a Musk fanboi, but from an investing point of view (what I do for a living) I think a lot of people still don't fully get it. The implications of his companies not being run for profit / not being run for the benefit of shareholders, but instead being run for the benefit of his vision (of which the ultimate beneficiary is all mankind) are far-reaching.
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The issue I have with Musk is I don't buy the logic of sending humans in the first 100 years of Mars. For me its all robots. I think its lunacy to try to stick 100 humans on Mars, I'd be trying to stick 100 semi autonomous little bulldozer / basic construction robots up there. Its less cool. But would actually work.
Its like deciding you have oil in the Mariana Trench & your firsr thought is to send some people down there instead of a bog standard drilling robot
His dreams are beautiful, but impractical. He'll put 20 humans up there who will acheive nothing then die, meanwhile GE & Catapillar will actually colonise Mars using Intel AI.
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@gollum said in Moon Mission:
The moon shot thing coincidentally came out at the same time as -
Tesla Inc <TSLA.O> Chief Elon Musk has taken big risks repeatedly since going public in 2010, but investors were spooked on Thursday after he said the electric car company could get "close to the edge" as it burns cash ahead of its crucial Model 3 launch.
Tesla Inc (TSLA.O) Chief Elon Musk has taken big risks repeatedly since going public in 2010, but investors were spooked on Thursday after he said the electric car company could get "close to the edge" as it burns cash ahead of its crucial Model 3 launch. Facing yet another cash crunch, Tesla will likely be forced to head to Wall Street for more capital, analysts said. Shares tumbled 5.8 percent on Thursday, their biggest intraday percentage fall in eight months.
Musk told investors after the company released its fourth-quarter results on Wednesday that the upcoming Model 3 sedan, the $35,000 mass-market vehicle on which the company's future profitability hinges, requires no additional outside funding as it readies for production this year. "But we get very close to the edge," Musk said. "So we're considering a number of options but I think it probably makes sense to raise capital to reduce risk."
And their CFO quit.
Basically Musk has a fantastic vision, but it involves bleeding cash till.. well, almost forever. So he needs people to buy the dream & give him more cash. So far so good.
That shouldn't come as a shock. Tesla has never made money and hasn't looked remotely close to doing so. Model 3, their car for the masses, needs to change that.
