Nuked In one of a series of wild tweets posted last week, Elon Musk said he would be’selling almost all physical possessions’.
Despite being worth an estimated $ 39 billion on paper, the WSJ says the wsjjj is still worth more than $ 1 billion.
About half his Tesla stock is pledged as collateral for personal loans. Maintaining his equity stake-about 20 %, or around $ 29 billion at its current valuation.
Musk does n’t take a salary at Tesla, but he apparently became eligible for stock options worth more than $ 1 billion this week. To get that money, he will need an eye-watering $ 592 million to exercise the option, according to the WSJ.
The article also lists a few times Musk has said he’s cash poor. It also lists several times that Musk has called him cash poor.
Before Tesla went public, Mr. Musk told a judge that he had run out of cash and had taken on emergency loans from friends to support his family and pay living expenses.
A lawyer in the case said in a filing that Mr. Musk had described himself as’financially illiquid’. Last year, he made comments about a man involved in the rescue of a Thai soccer team from a flooded cave in 2018.
The whole article has a lot of history about Musk. Interesting information about his finances and numerous quotes from Musk himself. I sincerely recommend taking 10 minutes to read it in full.
