SATURDAY, OCT 29, 2016 10:45 AM EDT
Behind the myth of Elon Musk: Has the onetime Silicon Valley visionary lost his magic?
Musk is the CEO of three companies — Tesla, SpaceX and SolarCity — all of which would fail without government money
PAUL ALEXANDER
Early in his career, Musk, now 45, made so much money that Silicon Valley viewed him as a visionary. He sold his first startup, Zip2, to Compaq for $305 million, earning him $22 million; he then helped found PayPal, which sold to eBay for $1.5 billion, netting him $180 million. But with the three companies he now runs he has proven to be, as a businessman at least, ineffective at best, cynical at worst. All three companies are beset by debt and cash flow issues. Yet each time it appears as if his house of cards may collapse, Musk makes a move — often a splashy announcement of a new product — to change the conversation from his impending financial doom.
http://www.salon.com/2016/10/29/behind-the-myth-of-elon-musk-has-the-onetime-silicon-valley-visionary-lost-his-magic/