Elon Musk, of PayPal and Tesla Fame, Is Broke

http://dealbook.blogs.nytimes.com/2010/06/22/sorkin-elon-musk-of-paypal-and-tesla-fame-is-broke/

by VictorHo • 16 years ago

3 4 16 years ago

dealbook.blogs.nytimes.com

he's broke again? wasn't he just broke the other day and also a few weeks back? he's had more ups and downs than a Tesla tachometer.

frossie• 16 years ago

He subsists, according to court filings, on $200,000 a month and still flies his private jet.

So, for various values of "broke", then. Moreover he seems to have no cash at the same time as he is going through divorce proceedings where the spouse wants $6 Mil in cash. A cynic might say this is awfully convenient.

Oh well, Tesla is cool, SpaceX is cool, I hope he sticks around.

smiler• 16 years ago

What I can't understand is why the NYTimes author didn't pick up on this or comment - it seems to me like he just wanted to avoid paying as much as possible to his ex-wife and decided to tie it up in company assets so it was harder for her to get hold of.

kls• 16 years ago

This article is so typical of sensationalism reporting. Individuals Like Mr. Musk, are able to take advantage of the separation of entities that a corporate charter provides. So while he probably stopped paying himself a good salary due to impending litigation. The source that has been providing the revenue has not dried up, all he has to do is turn the spicket back on, when he is ready.

Elon Musk, of PayPal and Tesla Fame, Is Broke

Related Stories