It has not been a good week for Elon Musk. Yesterday, in a filing with the Securities and Exchange Commission we learned that the SolarCity and Tesla Motors merger (not surprisingly) is encountering difficulties as further explained in a recent Wall Street Journal piece. Today, we reported earlier that a SpaceX rocket blew up. While the cause is currently unknown it still cannot be good for the famous South African inventor who runs three large companies right now. See the video explosion below.
SpaceX Rocket Explosion Video
The Electron Global Fund was up 2% for September, bringing its third-quarter return to -1.7% and its year-to-date return to 8.5%. Meanwhile, the MSCI World Utilities Index was down 7.2% for September, 1.7% for the third quarter and 3.3% year to date. The S&P 500 was down 4.8% for September, up 0.2% for the third Read More