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Thursday, February 27, 2014

Elon Musk's Gigaboner

Tesla Motors has announced that, along with partners, it will spend $5 Billion to build a gigafactory to produce Lithium-ion batteries. Everybody thinks this is a great idea, but we know that this is the biggest financial mistake in Musk's career.

Why? We will be detailing that after Musk fleshes out the details.

By the way, just as the rich get richer, Tesla will be using Other People's Money (OPM) to build the factory. Obviously.