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News Link • Economy - Economics USA

Elon Musk Says He's Broke - Is Tesla At Risk?

• Huffington Post
If his divorce filing is to be believed, Elon Musk is broke. In recent weeks news surfaced that the near legendary entrepreneur and founder of Tesla Motors, the buzzworthy electric car company that plans a $178 million IPO, had, in his words, "run out of cash." 

2 Comments in Response to

Comment by Found Zero
Entered on:

Hmmmm.....I'm gonna start having to integrate marriage into my business management profiles. Having a wife just got listed in the "threats" list in my risk-analysis worksheet.

My risk analysis is simple: high probability of occurrence and highly probable impact to core operations. This puts it high on the remediation priority list.

It it was my company I'd task the remediation to Vlad The Impaler.

Comment by Found Zero
Entered on:

The article says the poor guy is forced to scrape up $200k in borrowed money per month just to get by.

Much as I like Tesla and American innovation, IIRC correctly, this pretty boy took over Tesla after oustering it's two original founders. Thanks for the concept, bye bye!

Funny, I thought all the wealthy had the old "iron-clad prenup". I guess he kept his lawyers busy shutting out the original innovators. Simple management mistake: misallocation of resources. Happens all the time.

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