Kind of boring. If you like amusement-park rides, you'll love the Tesla Roadster. If, like me, you sit there calculating the infinetesimal odds that the operator's insurers will allow a rollercoaster to actually pose any real danger to you, you'll hate it. I spent the ride up to Coit Tower and back thinking about how much coal was burned to generate the electricity now being thrummed away by the Roadster's motors.

Back at the bar, Musk was affable enough, considering I've hinted he's taking out his midlife crisis on his employees and may be scheming to take over Tesla Motors completely by running it into bankruptcy. He laughed at the last idea, and then thanked me for the suggestion, saying he hadn't thought of that particular financial maneuver.

Musk still blames cofounder Martin Eberhard for Tesla's current straits. When Tesla raised its fourth round of funding in 2007, Musk says, Eberhard, then CEO, told investors that the Roadster's cost was $65,000, giving it a $25,000 gross margin. "It's right there on the slide, with Martin's name on it!" Musk told me. The company, he adds, was already in the middle of a search for a CEO to replace Eberhard.

A private-equity firm which had invested in Tesla sent some consultants to help Tesla sort out supply-chain issues, and they found that the Roadster's parts actually cost the company $140,000. "We might as well have sent customers $50,000 and saved the bother of making the car," said Musk. Former Flextronics CEO Michael Marks, a Tesla investor, confirmed their findings — and that's when Musk decided to fire Eberhard and replace him temporarily with Marks. Just as now, the company's cash position was running low, and Tesla tapped existing investors for new funding, despite having just raised a round. He revealed none of this at the time, he says, because it would have jeopardized the company's ongoing CEO search. (Not that that worked out particularly well; Musk installed Ze'ev Drori, then replaced him last month.)

That's Musk's version, anyway. I'm skeptical, if only from experience with Musk; when he was running PayPal, I remember him making statements that company insiders told me didn't match the facts. But as he was leaving to drive back to the Valley, Musk mentioned that his divorce from his sci-fi novelist wife Justine was a mutual matter; he got the paperwork in first, but she was getting ready to file papers, too. That, at least, checks out. I'm still not sure if I should trust Musk's account of what led Tesla to these perilous straits. But I do believe now that he's brave enough to drive a Roadster up to San Francisco and deliver it in person.

Shown above is Jacob Mullins, the manager in question. He started at Microsoft last week, but is still listed as VentureBeat's ad-sales contact on the site. We take that to mean Marshall has yet to find a replacement.

Odd: Marshall seems eager to explain a now-irrelevant personal connection that couldn't possibly prejudice his reporting. But he's reluctant to come out and state the obvious: He's lost the only guy bringing in money for his blog. That's worth disclosing. Matt, consider this a gratis job listing.

Even though Marshall has raised $320,000 for VentureBeat, he would obviously be the junior partner in any deal. Which points to the most implausible part of the two blogs' coming together: Would Matt Marshall, the Jimmy Olsen of the tech-blog world, really work for Arrington, who is surely its Lex Luthor?

Marshall and Arrington agree on perhaps only one thing: They're tired of handing a hefty share of ad revenues over to John Battelle's Federated Media, the ad network which represents both blogs. Combining forces might give them enough traffic to justify hiring some of their own salespeople. Is that worth putting up with Arrington's tirades and outbursts? If talks progress, Marshall would do well to ask for an Arrington premium. Would it not be ironic if the biggest obstacle to realizing the TechCrunch editor's dream proved to be Arrington himself?

(Photo of Arrington via Gagglescape; Marshall via Bub.blicio.us)

Some question whether or not FM is actually worth this much money, as there are many advertising options available to its publishers.

A note to prospective Lois Lanes: We hear Marshall is unattached. Time to indulge your Daily Planet newsroom fantasies?

Marshall has raised $320,000 from ex-Googlers Georges Harik and Aydin Senkut; Mike Brown, an investor at Foundation Capital who's putting in his own money; and other angel investors. Taking angel money rather than venture capital should lessen, but won't eliminate, the conflicts Marshall will face in writing about companies his investors fund. We like this detail: Marshall felt forced to out his funding because it was detailed in a regulatory filing — exactly the way he gets many venture-capital scoops.

As I walked into the swank backyard of Marc Bodnick, the Elevation Partners managing director who is, unlike private-equity colleagues Bono and Roger McNamee, not a rock star, I was instantly handed a mango margarita and surrounded by men with mustaches. "What is this? The Edge?" I thought to myself. But it turns out that the Castro-conformist facial-hair regime wasn't the result of the gay mafia; no, it was just one of those Silicon Valley workplace motivational schemes gone horribly wrong. iLike CEO Ali Partovi abstained, but twin brother Hadi, the company's COO, joined in. He's in the upper left of the above collage, joined by various employees.

Snacky but control-freaky PR doyenne Brooke Hammerling tried to stop me from taking pictures, but I snuck away, whipped out of the camera, and went crazy documenting the iLike team's unfortunate facial hair. They even offered to supply a disposable razor and shaving cream so I could convert my goatee to the preferred look. I declined.

The party was ostensibly for iLike, but there was a big contingent of Facebookers, pumped from their second ultimate-frisbee win against Google. Founder Mark Zuckerberg showed up, and we made small talk about his sister Randi's burgeoning online video career. Then I sat down to dinner with Ron Conway, the angel investor, who affected a lack of concern about the meltdown in the markets. He did seem a bit distracted, though. Could the rumors be true that he just lost a big local deal to out-of-town venture capitalists?

Speaking of power VCs, as I was talking to Conway, VentureBeat blogger Matt Marshall pointed out semiretired Kleiner Perkins partner Vinod Khosla to Eric Eldon, one of his writers. It was a really good turnout — especially considering that Bodnick and iLike were competing with a private, but well-attended, August Capital event just down Sand HIll Road. I'd tell you more, but much of the night was off the record. Good thing, too, as I had one too many mango margaritas.