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Elon Musk’s New Boring Co. Faced Questions Over SpaceX Financial Ties

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11–20 of 39 posts

Re: Elon Musk’s New Boring Co. Faced Questions Over SpaceX Financial Ties

#11

The Boring Company is on really shaky ground after the entrance cave in back on Dec 5th and construction setbacks. It'll be interesting to see if they survive, they're still in live or die startup mode.

We've had a few tunnels built around my city. It transpired through every one of those projects: late, ended up bankrupt, rebought, refinanced, ended up expensive to users. I mean they still made them and they work, well, but $10 a toll :)

Re: Elon Musk’s New Boring Co. Faced Questions Over SpaceX Financial Ties

#13
Whoa. So he's diverting employees and equipment from investor backed SpaceX, to a side venture where he owns 90% of the equity?

This is sketchy fiduciary duty. Right up there when he bailed out his brother's SolarCity by having Tesla buy it because every car manufacture needs to get into the rooftop solar business.

Re: Elon Musk’s New Boring Co. Faced Questions Over SpaceX Financial Ties

#16

I'm somewhat horrified by the constant struggles Musk's companies have with ethics. Why is there a cult following when fraud and employee abuse is common?

It's because Musk has cultivated a tech-god image for the last decade.

From cameos in movies and tv shows to projects like SpaceX that were created solely to boost his "genius" image, Musk (or his publicists) have done everything to make him seem like a superhuman.

Re: Elon Musk’s New Boring Co. Faced Questions Over SpaceX Financial Ties

#17

I'm somewhat horrified by the constant struggles Musk's companies have with ethics. Why is there a cult following when fraud and employee abuse is common?

> Why is there a cult following when fraud and employee abuse is common?

Musk can present an image of a successful multiple entrepreneur who is working towards a vision that many support arrayed against a forces of Big Bad Incumbents who would rather squash him than compete fairly. Thus he is responsible for all the good things, and the bad things are just smear campaigns that should be ignored.

Essentially, it's the same force that fuels the rise of people like Trump, just applied to a different part of the political spectrum.

Re: Elon Musk’s New Boring Co. Faced Questions Over SpaceX Financial Ties

#19
It’s not like Musk hasn’t openly stated that the whole purpose of SpaceX is Martian colonisation.

What do they think The Boring Company is really for? And Tesla, and Solar City for that matter.

Perhaps if they aren’t smart enough to connect the dots they aren’t smart enough to be investing in high risk private companies.

Re: Elon Musk’s New Boring Co. Faced Questions Over SpaceX Financial Ties

#20

I'm somewhat horrified by the constant struggles Musk's companies have with ethics. Why is there a cult following when fraud and employee abuse is common?

Because there have not been any serious reports of fraud and abuse, and the things he built are so important for the future of humanity, that even much more serious accusations won't change the total balance to a negative for Musk.
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