Elon Musk Gambled Tesla to Save SolarCity
This bit seems pretty damning:<p><i>&gt; As SolarCity struggled to raise money from institutional investors, it began offering individuals a chance to buy what it called Solar Bonds. (“Now you can get paid while driving the solar revolution,” the marketing material said.) But there were few takers—so other parts of the Musk empire took up the slack. According to the shareholder lawsuit, SpaceX acquired $255 million of the bonds.</i><p>Other than Musk&#x27;s involvement in both, what&#x27;s the situation where a company like SpaceX sees a need to plow $255 million into debt obligations issued by a solar panel installer?