According to reports, Elon Musk is running an exclusive private school right out of SpaceX’s headquarters in Hawthorne, California.
Ars Technica has reported that the CEO of both Tesla (NASDAQ:TSLA) and SpaceX is covering all of the expenses too.
The Ars Technica report has found that Musk founded the experimental non-profit school called Ad Astra, in order to give his five sons an education that surpasses “traditional school metrics on all relevant subject matter through unique project-based learning experiences.”
The school has been educating all of the CEO’s sons as well as the children of SpaceX employees since 2014.
The report also revealed that almost 400 families applied last year for the school, but it only has around 50 students and about a dozen open spots at a given time.
It was in 2015 that Musk said in an interview “I just didn’t see that the regular schools were doing the things that I thought should be done. So I thought, well let’s see what we can do. Maybe creating a school will be better.”
Musk, who leads both SpaceX, and electric vehicle maker Tesla(NASDAQ:TSLA), has had a stressful year trying to reach production goals of Tesla’s Model 3.
Recently Goldman Sachs reiterated a “sell” rating on the stock and projected that Model 3 delivers will miss estimates.
Goldman analyst David Tamberrino has said he believes Tesla’s Model 3 delivery number will fall short of Wall Street expectations. He is expecting the company to say it delivered 22,000 units of its Model 3 when analysts are expecting 28,000 units. Tamberrino has based his projections on data compiled from GreenCarReports.com, InsideEVs.com. as well as registration bureaus in various European countries.
The analyst wrote, “Given cadence from production to delivery, we now forecast the company achieving approx. 22,000 Model 3 deliveries to customers in the quarter—up from our previous 19,000 but below consensus of 28,000.” This project translates to only around 1,700 vehicles per week.
The firm has also said that it is expecting Tesla to see a 4% and 5% increase in Model S and Model X deliveries, respectively, over last year.
Musk has been confident that the company would hit its goal and has said, it is “quite likely” Tesla will hit the 5,000 Model 3 sedans a week goal by the end of June.
The CEO has disagreed with Tamberrino’s projection and even wrote in an e-mail obtained by Bloomberg.com, that “They’re in for a rude awakening :)”
Only time will tell who is right.