Google (GOOG) May Make $1B Investment in Musk's SpaceX
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January 21, 2015 10:35 AM EST
Recently Tesla Motors (NASDAQ: TSLA) investors were taken back by comments from CEO Elon Musk that there would potentially be no US GAAP profitability before 2020. Today, Morgan Stanley analyst Adam Jonas weighed in on the comments saying he believes Elon "meant what he said". Jonas said Tesla's growth and ambition may expose Tesla to risks investors have not prepared for. "IsTesla the Amazon of EVs?," he asks - suggesting a consistently unprofitable company but a great stock.
Musk's 'no US GAAP profitability by the year 2020' comments compared to Jonas' forecast of Tesla... More
January 20, 2015 4:26 PM EST
SpaceX says Google (NASDAQ: GOOG) (NASDAQ: GOOGL) and Fidelity have invested $1 billion and will own just under 10 percent of the company.
The following was posted to the SpaceX blog on Tuesday:
Space Exploration... More
