Elon Musk is a fraud...

HoustonHusky

The guy has made billions off of the back of govt grants, and is about ready to bankrupt 3 companies while keeping most of the money for himself. Its absolutely nuts. Sad thing is if Hillary is elected she'll probably bail him out at the taxpayers expense...I'd hope Trump wouldn't be dumb enough to do the same (I give it a 50/50 chance...of course he'll probably force Musk to build/move a factory to Detroit or Ohio to claim a win).

And the fact he hid the investigation into the fatal Tesla crashes until after he used Tesla's stock to buy his cousin's SolarCity business should land him in jail...but it won't.

Some background for those who are interested:
http://www.wsj.com/articles/elon-musk-faces-cash-squeeze-at-tesla-solarcity-1472687133 (go through Google, search "Elon Musk Faces Cash Squeeze at Tesla, SolarCity" to get to the article...)

http://www.zerohedge.com/news/2016-09-06/how-elon-musk-used-broken-marketplace-play-us-all
(the part that should piss everybody off...)
Tesla borrowed Venture Capital (VC) money from Elon Musk at VC rates. It borrowed VC money from taxpayers at non-VC rates

Tesla needed $500MM to get started in 2008. The US Government lent $465MM to Tesla at 3% interest under its push for Green Energy. Elon Musk lent the company $38MM at10% interest plus stock options. Here are the profits on those loans:
◦Elon Musk’s $38MM generates profit of $1.4BB, or 3,600% ROR- a VC payout
◦Taxpayers’ $465MM- generates profits of $12MM or 2.6%ROR- not a VC Payout

Taxpayers took VC risk without VC returns. The table is set for Elon to arbitrage the Government’s largesse much more. All in, the US Government committed about $4.9BB to finance Tesla’s operations

And it gets worse from there...

BallSacked

You're voting for Trump because he'll be harsher against someone abusing bankruptcy law?

For fucks sake man.

HoustonHusky

Reading is hard.

It has nothing to do with bankruptcy laws...has everything to do with stupid "green energy" loans for otherwise worthless businesses.

HTHs...

BallSacked

HoustonHusky said:

Reading is hard.

It has nothing to do with bankruptcy laws...has everything to do with stupid "green energy" loans for otherwise worthless businesses.

HTHs...

I guess it is hard because you didn't even read the first blob of shit in your own shit post.

PurpleJ

No politician will do the right thing and tell him to fuck off, because it's bad politics.

HoustonHusky

BallSacked said:

HoustonHusky said:

Reading is hard.

It has nothing to do with bankruptcy laws...has everything to do with stupid "green energy" loans for otherwise worthless businesses.

HTHs...

I guess it is hard because you didn't even read the first blob of shit in your own shit post.

Nope, and yes you are a moron for thinking so.

Risky investments are risky...that's the entire point of junk bonds/higher interest rates. They pay more because there is a much greater risk of them failing. People loaning Trump money at a 14% interest rate (and getting equity stakes) is not the same as the govt loaning a start-up company money at 3% and getting no equity share.

PurpleJ

It isn't the government's money to loan in the first place.

BallSacked

HoustonHusky said:

BallSacked said:

HoustonHusky said:

Reading is hard.

It has nothing to do with bankruptcy laws...has everything to do with stupid "green energy" loans for otherwise worthless businesses.

HTHs...

I guess it is hard because you didn't even read the first blob of shit in your own shit post.

Nope, and yes you are a moron for thinking so.

Risky investments are risky...that's the entire point of junk bonds/higher interest rates. They pay more because there is a much greater risk of them failing. People loaning Trump money at a 14% interest rate (and getting equity stakes) is not the same as the govt loaning a start-up company money at 3% and getting no equity share.

Fuck off with the corporate finance lecture tequila.

PurpleReign

That said, I really like Elon Musk. He's building a zippy tube!

OZONE

HoustonHusky said:

BallSacked said:

HoustonHusky said:

Reading is hard.

It has nothing to do with bankruptcy laws...has everything to do with stupid "green energy" loans for otherwise worthless businesses.

HTHs...

I guess it is hard because you didn't even read the first blob of shit in your own shit post.

Nope, and yes you are a moron for thinking so.

Risky investments are risky...that's the entire point of junk bonds/higher interest rates. They pay more because there is a much greater risk of them failing. People loaning Trump money at a 14% interest rate (and getting equity stakes) is not the same as the govt loaning a start-up company money at 3% and getting no equity share.

The gov't does shit like this all the time to influence our economy.

They wanted more US producers of alternative energy, so they made loans available to help that happen.

If you disagree with that, that is fine.

But you act like you don't understand why they loaned him the money. So either you are retarded, or you hope your readers are.

HoustonHusky

BallSacked said:

HoustonHusky said:

BallSacked said:

HoustonHusky said:

Reading is hard.

It has nothing to do with bankruptcy laws...has everything to do with stupid "green energy" loans for otherwise worthless businesses.

HTHs...

I guess it is hard because you didn't even read the first blob of shit in your own shit post.

Nope, and yes you are a moron for thinking so.

Risky investments are risky...that's the entire point of junk bonds/higher interest rates. They pay more because there is a much greater risk of them failing. People loaning Trump money at a 14% interest rate (and getting equity stakes) is not the same as the govt loaning a start-up company money at 3% and getting no equity share.

Fuck off with the corporate finance lecture tequila.

ThomasFremont

Elon Musk creates cool shit.

PurpleJ

ThomasFremont said:

Elon Musk creates cool shit.

It's too bad he has to steal from people to do so.

OZONE

PurpleJ said:

ThomasFremont said:

Elon Musk creates cool shit.

It's too bad he has to steal from people to do so.

You mean like all of the military contractors creating weapons that the Military doesn't want? Are those military contractors every paying us back?

HoustonHusky

OZONE said:

HoustonHusky said:

BallSacked said:

HoustonHusky said:

Reading is hard.

It has nothing to do with bankruptcy laws...has everything to do with stupid "green energy" loans for otherwise worthless businesses.

HTHs...

I guess it is hard because you didn't even read the first blob of shit in your own shit post.

Nope, and yes you are a moron for thinking so.

Risky investments are risky...that's the entire point of junk bonds/higher interest rates. They pay more because there is a much greater risk of them failing. People loaning Trump money at a 14% interest rate (and getting equity stakes) is not the same as the govt loaning a start-up company money at 3% and getting no equity share.

The gov't does shit like this all the time to influence our economy.

They wanted more US producers of alternative energy, so they made loans available to help that happen.

If you disagree with that, that is fine.

But you act like you don't understand why they loaned him the money. So either you are retarded, or you hope your readers are.

The govt doesn't just hand out $150+ billion to private individuals/industries on a daily basis for the heck of it, and the fact you think that is ok is just nuts.

I love how Liberals think it makes sense for the govt to subsidize $100,000 coal-powered cars.

OZONE

HoustonHusky said:

OZONE said:

HoustonHusky said:

BallSacked said:

HoustonHusky said:

Reading is hard.

It has nothing to do with bankruptcy laws...has everything to do with stupid "green energy" loans for otherwise worthless businesses.

HTHs...

I guess it is hard because you didn't even read the first blob of shit in your own shit post.

Nope, and yes you are a moron for thinking so.

Risky investments are risky...that's the entire point of junk bonds/higher interest rates. They pay more because there is a much greater risk of them failing. People loaning Trump money at a 14% interest rate (and getting equity stakes) is not the same as the govt loaning a start-up company money at 3% and getting no equity share.

The gov't does shit like this all the time to influence our economy.

They wanted more US producers of alternative energy, so they made loans available to help that happen.

If you disagree with that, that is fine.

But you act like you don't understand why they loaned him the money. So either you are retarded, or you hope your readers are.

The govt doesn't just hand out $150+ billion to private individuals/industries on a daily basis for the heck of it, and the fact you think that is ok is just nuts.

I love how Liberals think it makes sense for the govt to subsidize $100,000 coal-powered cars.

I love how Conservatives think it makes sense for the govt to subsidize $100,000,000 fighter jets that don't work and that the Military didn't want.

PurpleJ

OZONE said:

PurpleJ said:

ThomasFremont said:

Elon Musk creates cool shit.

It's too bad he has to steal from people to do so.

You mean like all of the military contractors creating weapons that the Military doesn't want? Are those military contractors every paying us back?

Changing the subject already?

I expect nothing less from a mental midget.

BallSacked

HoustonHusky said:

OZONE said:

HoustonHusky said:

BallSacked said:

HoustonHusky said:

Reading is hard.

It has nothing to do with bankruptcy laws...has everything to do with stupid "green energy" loans for otherwise worthless businesses.

HTHs...

I guess it is hard because you didn't even read the first blob of shit in your own shit post.

Nope, and yes you are a moron for thinking so.

Risky investments are risky...that's the entire point of junk bonds/higher interest rates. They pay more because there is a much greater risk of them failing. People loaning Trump money at a 14% interest rate (and getting equity stakes) is not the same as the govt loaning a start-up company money at 3% and getting no equity share.

The gov't does shit like this all the time to influence our economy.

They wanted more US producers of alternative energy, so they made loans available to help that happen.

If you disagree with that, that is fine.

But you act like you don't understand why they loaned him the money. So either you are retarded, or you hope your readers are.

The govt doesn't just hand out $150+ billion to private individuals/industries on a daily basis for the heck of it, and the fact you think that is ok is just nuts.

I love how Liberals think it makes sense for the govt to subsidize $100,000 coal-powered cars.

They do for the oil & gas industry. You're cool with that though, obv.

PurpleJ

And Freeme is voting for Gary Johnson.

"lol"

OZONE

PurpleJ said:

OZONE said:

PurpleJ said:

ThomasFremont said:

Elon Musk creates cool shit.

It's too bad he has to steal from people to do so.

You mean like all of the military contractors creating weapons that the Military doesn't want? Are those military contractors every paying us back?

Changing the subject already?

I expect nothing less from a mental midget.

The subject is stealing from taxpayers.

That is what the military contractors and their shills in congress are doing.

Where is your outrage?

I guess I shouldn't expect any from a hypocrite.

HoustonHusky

BallSacked said:

HoustonHusky said:

OZONE said:

HoustonHusky said:

BallSacked said:

HoustonHusky said:

Reading is hard.

It has nothing to do with bankruptcy laws...has everything to do with stupid "green energy" loans for otherwise worthless businesses.

HTHs...

I guess it is hard because you didn't even read the first blob of shit in your own shit post.

Nope, and yes you are a moron for thinking so.

Risky investments are risky...that's the entire point of junk bonds/higher interest rates. They pay more because there is a much greater risk of them failing. People loaning Trump money at a 14% interest rate (and getting equity stakes) is not the same as the govt loaning a start-up company money at 3% and getting no equity share.

The gov't does shit like this all the time to influence our economy.

They wanted more US producers of alternative energy, so they made loans available to help that happen.

If you disagree with that, that is fine.

But you act like you don't understand why they loaned him the money. So either you are retarded, or you hope your readers are.

The govt doesn't just hand out $150+ billion to private individuals/industries on a daily basis for the heck of it, and the fact you think that is ok is just nuts.

I love how Liberals think it makes sense for the govt to subsidize $100,000 coal-powered cars.

They do for the oil & gas industry. You're cool with that though, obv.

More proof you are pretty clueless. The largest of those credits is for producing "nonconventional" (i.e. green) fuels that they also mandate.

And yes, its FS. Especially the fact that we burn 40% of our corn crops as fuel.