Tesla reportedly spent $700,000 on Elon Musk's private jet travel in 2018, including flights to move his jet from one side of LA to another
- The Washington Post reports that Tesla spent $700,000 on private jet for its billionaire CEO Elon Musk last year.
- Some of the flights were simply to reposition the jet from one side of Los Angeles to another.
- In January, Tesla laid off 7% of its workforce.
Tesla, the California based electric vehicle company, spent $700,000 on private jet travel for its CEO Elon Musk last year, according to documents obtained by the Washington Post.
Musk's jet, a $70 million Gulfstream G650ER, logged around 150,000 miles flying all over the United States, Europe, and Asia. The Post reported that some of the jet's flights were merely to get it from one side of Los Angeles - where Musk lives in a 5 mansion compound - to the other.From the story:
Musk's jet flew roughly 75 times last year to the San Jose airport, the closest stop to Tesla's headquarters in Palo Alto and car-making factory in Fremont, where Musk often said he was so busy he would end up sleeping among the machines. Dozens of other flights were made to airports near SpaceX's headquarters in Hawthorne, Calif., and the battery-producing Gigafactory outside Reno, Nev.
Tesla said Musk never used the plane to fly between different spots in Los Angeles. But the jet would fly to meet him at a closer airport if, say, he began his workday at SpaceX's office on the south side of L.A. and the plane was on the north side, the company said. Some of these repositioning flights only went about 20 miles, the aircraft data show.
Tesla, known in the investment world for its prodigious cash burning, has only turned a profit three times in its history, and never on an annual basis.
In June, the company laid off 9% of its workforce, and earlier this month it laid off another 7%. In a letter to employees announcing the most recent layoffs Musk said there wasn't "any other way."
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