Here’s how Tesla worked with and got paid by SpaceX and The Boring Company last year

SourceCNBC
SectorEconomy
CountryGulf

NASA astronauts Doug Hurley (left) and Bob Behnken stand in front of the Tesla Model X that will carry them to the launchpad for the SpaceX Demo-2 launch.

Tesla revealed in a recent filing some of the ways that the company works with CEO Elon Musk’s other businesses including SpaceX and The Boring Company.

The filing shows related party transactions that included SpaceX purchasing $2.6 million worth of Tesla vehicle components, and $1.5 million worth of Tesla Energy systems, components and services in 2020. The filing, published late Friday, notes that these prices include labor, and some of the parts and systems were modified.

Collaboration between Musk’s companies is not new.

For example, SpaceX shares two board members with Tesla. Elon Musk sits on the board of both, as does his brother Kimbal Musk and Antonio Gracias.

SpaceX has also made it a tradition to drive astronauts to the launchpad in the company’s version of an “astrovan,” a NASA logo-emblazoned Tesla Model X, for crewed launches...read more...