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Elon Musk and the Terrible, Horrible, No Good $779 Million Day

  • He has a lot riding on his plan to merge Tesla and SolarCity
  • A high-risk taker, ‘his skin is completely in the game’
Bloomberg business news

Musk Talked SolarCity Merger Before Tesla Stock Sale

Elon Musk has a lot riding on his plan to merge Tesla Motors Inc. with SolarCity Corp. -- including a big chunk of his $8.3 billion fortune.

He may be better off just giving up on the debt-ridden solar-panel installer and focusing on turning Tesla into a profitable enterprise. But Musk has a long history of throwing his money after his grand visions, like weaning the world off fossil fuels and colonizing Mars, sometimes running very low on cash and coming close, by his own admission, to personal bankruptcy.