Wednesday, May 23, 2012

Elon Musk On Bloomberg

Great interview from Bloomberg with Elon Musk. Musk was a co-founder of PayPal and the CEO of SpaceX and Tesla Motors (TSLA). He has done some incredible stuff by developing an electric vehicle manufacturer and a space company.

Unfortunately as anybody following this blog probably knows we're just not fans of investing in a company such as Tesla that has a part time CEO. Even a CEO as talented as Musk.

Anybody paying attention probably knows that SpaceX recently launched the first private spaceship headed to dock with the International Space Station. An incredible feat considering the difficulty and expense that NASA had run into in the last decade. The more incredible stat that I read was that SpaceX has spent less money to develop a spaceship than the $1B Facebook (FB) spent on Instagram. Now isn't that a sign of the times!

Below is good interview from Bloomberg discussing the recent launch and the plans for Tesla. The interesting statement was the odds of station docking at only 60-70%.






Exactly how fast were they going in that Roadster? lol

Disclosure: Previously short TSLA, but currently no position. Please review the disclaimer page for more details. 



1 comment:

Mark Holder said...

Not sure why its posting the video twice. Hmm....