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Old 07-11-2018, 09:46 PM   #36
Chief Pagan Chief Pagan is offline
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Join Date: Nov 2004
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Quote:
Originally Posted by BucEyedPea View Post
That means they're unlikely to work at all. That's usually what govts subsidize.
Yeah, well Elon Musk did not start PayPal either. He made made billions off of it through merger— until he got the idea to drag the government into space travel, solar panels, and electric cars. You knew what kind of enterprises I was talking about. Instead of taking his own risks in the market, he fleeces the taxpayer for subsidies for these hi-risk projects that are not profitable on their own.

If he thinks colonizing other planets, space travel, solar panels and electric cars are profitable ideas then he should put up his own money.

Sorry, Elon Musk is now the ultimate crony capitalist operating in areas where he can't make it on his own in such markets.
I don't buy into the Elon Must cult or the idea that he is some great visionary that is going to save the world and the media fest over his bizarre ideas makes me roll my eyes.

But I'm willing to give some credit where it is due. I'm sure he was lucky to be in the right place at the right time with PayPal. But I don't think it is very likely you can make that much money without also being skilled and hard working.

I would think you would prefer the government to contract out space launches. I wouldn't say that NASA has been a cheap, lean launching machine. Musk raised private capital and started a launch company. He got government paid launches but he was competing against other private launch companies for those contracts. He had to convince NASA his product was safe enough to dock at the space station.

Electric cars have gotten subsidies, but he wasn't the first to bring electric cars to market. Those subsidies were available to all car companies. Starting a car company is no mean feat. I have my doubts about Tesla. I actually think he should have sold it, probably to a German car company. But I hope that Tesla makes it, although I at this point I would short Tesla before I would invest in it.

Last edited by Chief Pagan; 07-11-2018 at 09:53 PM..
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