Another company the taxpayers will probably bail out in a year.
In recent months, Musk, Tesla's chief executive, has been in the headlines more than his company. Musk, who made his fortune by selling electronic payment system PayPal Inc. and founded Hawthorne-based spacecraft-development company Space Exploration Technologies Corp., has been embroiled in a bitter divorce with novelist Justine Musk.
According to divorce papers, Musk now claims he is broke and his friends are paying his living expenses. He has said in the past that he has sunk millions of his own dollars into Tesla.
The Palo Alto company has yet to post a profit since it was co-founded by Internet entrepreneur Elon Musk in 2003.
http://www.latimes.com/business/la-fi-tesla-20100630,0,4819542.story
In recent months, Musk, Tesla's chief executive, has been in the headlines more than his company. Musk, who made his fortune by selling electronic payment system PayPal Inc. and founded Hawthorne-based spacecraft-development company Space Exploration Technologies Corp., has been embroiled in a bitter divorce with novelist Justine Musk.
According to divorce papers, Musk now claims he is broke and his friends are paying his living expenses. He has said in the past that he has sunk millions of his own dollars into Tesla.
The Palo Alto company has yet to post a profit since it was co-founded by Internet entrepreneur Elon Musk in 2003.
http://www.latimes.com/business/la-fi-tesla-20100630,0,4819542.story
