OOPS! Has Elon Musk Liquid Assets Gone Up In Flames?

You have to feel for this guy.

Elon Musk took a vision and an idea and made it into a reality. Unfortunately, this also took his bank account and essentially roasted it over an open fire.

After apparently living off of loans provided for by friends, Musk has been able to provide some sort of lifestyle.

CNN Money reports:

NEW YORK (CNNMoney.com) -- Silicon Valley icon and Tesla Motors CEO Elon Musk's bank account has run dry and he's been living off his friends' money, according to court documents.

"About four months ago, I ran out of cash," Musk wrote in a court filing with the Superior Court of Los Angeles on Feb. 23, released by VentureBeat.com on Friday. "I had to obtain emergency loans from personal friends. These loans are the exclusive source of cash I have. If I did not take these loans, I would have no liquid assets left...








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uaw_lax - 5/29/2010 1:46:06 PM

+3 Boost

He is in good shape, he is in Toyota's pockets now.

truckman - 5/29/2010 1:51:33 PM

+2 Boost

A typical exec, he spends $200,000. a month and makes only $8000.

Joe_Limon - 5/29/2010 1:59:57 PM

-1 Boost

Tesla motors is screwed! Supposedly the nummi plant deal fell through and they have to move their entire office again.

LimaWhiskey - 5/29/2010 8:18:36 PM

+2 Boost

This information comes from a filing he made in his *divorce* proceedings -- of course he's making himself look like a pauper, so his soon-to-be-ex-wife gets half of zero. Duh.