Tesla's Musk lost US$779m in a day, but faces bigger threat from SolarCity merger
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Southfield, Michigan
ELON Musk has a lot riding on his plan to merge Tesla Motors Inc with SolarCity Corp - including a big chunk of his US$8.3 billion fortune.
He may be better off just giving up on the debt-ridden solar-panel installer and focusing on turning Tesla into a profitable enterprise. But Mr Musk has a long history of throwing his money after his grand visions, like weening the world off fossil fuels and colonising Mars, sometimes running very low on cash and coming close, by his own admission, to personal bankruptcy.
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