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Tesla Motors CEO 'does not devote his full time and attention to Tesla'

Vlad Savov

We've already discussed the seemingly suicidal situation Tesla finds itself in with relation to its 2011 Roadster production cessation, but that SEC submission for the company's IPO is a long, long affair (which you may read below), and there were more nuggets of madness to be found. Apparently, CEO Elon Musk is a busy man -- with CEO and CTO functions at SpaceX and a chairmanship at SolarCity to attend to -- and so he couldn't possibly be expected to focus his full attention on ensuring that the half billion dollar state loan his company received gets spent as wisely as possible. Add Musk's corporate bigamy to an expectation of "continuing losses" and dwindling waiting lists and you have to wonder who, other than the US government, will be buying shares when this offering goes public.

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