Tesla Motors CEO Appears to Be in No Position to Rescue EV-Maker a Second Time
By Scott Doggett June 1, 2010
Footnotes can be fascinating.
We're not interested in divorce proceedings, unless they can affect the future of a green-car company. Those involving Tesla Motors CEO Elon Musk and his wife and sci-fi novelist Justine Musk just might.
Above, we've posted a footnote that appears in divorce papers Musk filed earlier this year. In it, he claims to have run out of cash. Without money he's borrowed from friends, he says, he'd have "no liquid assets left."
Musk pretty much rescued the electric-vehicle company once already, with a large cash infusion back in 2008. But looking at the footnote and the rest of the filing (elonmuskdivorcedocs.pdf), it doesn't appear he'd be able to save the company again.
Not that it needs saving. Indeed, with its recent partnership with Toyota, the world's largest automaker, and Daimler, the world's largest luxury-car maker, and an initial public offering in the works, Tesla is the talk of the Valley - Silicon Valley, that is.
Is the guy broke? Hardly. He's still worth hundreds of millions of dollars. They're just not in his wallet, so to speak. They're a little tied up.
Oh, to have Musk's financial troubles.
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I wouldn't want his stress.
He does it to himself.
With living expenses of $200,000 per month, this guy deserves to be broke.
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