You can call it cash burning if you want, but the money is being invested in growing production capacity.
Agree, people can invest private funds however they want. That’s capitalism! Further, I concur that Musk is an entrepreneurial risk taker, and I applaud him for this. While I hope his endeavors succeed, I do see dark clouds gathering over Tesla.
I guess what I object to is the fact that Mush has scooped up billions of taxpayer money, typically from liberal politicians, and then brayed about his achievements. Hand most reasonable people a few billion and my guess is they would have enough slack to invest in big, showman-type things too.
Moreover, while not counting you among them, there are so many Internet warriors who absolutely revere this guy as a demi-god, claiming that he is humanity’s last best hope — and that’s almost a direct quote.
I’ll be among the first to genuflect at the altar of Musk and say I was wrong, and maybe he does need just a bit more time and money, but from my small and humble perch, I remain a skeptic.