This obviously hurt Elon Musk's reputation as a businessman. But you have to give credit to a guy who puts it all on the line for taking chances to advance technologies, whether it's electric cars or low-cost rockets.
SpaceX, which develops low-cost rockets, is based in Hawthorne.
Tesla's Elon Musk: "I ran out of cash"(Venture) Tesla Motors CEO Elon Musk seems to have it all. The electric-car entrepreneur is the toast of Silicon Valley, Sacramento, and Tokyo after unveiling a plan to revive Toyota's shuttered NUMMI plant last week. And deal-hungry Wall Street bankers are angling to take his company public. He's even a Hollywood star, with a cameo in the hit Iron Man 2 movie, said to be based on his life story.
The one thing he doesn't have, by his own admission, is money.
Read more about Elon Musk.
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