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Elon Musk reportedly testified that he's low on cash and assets that could quickly be turned into cash

Date published: 2019-10-17
Originally published: Here. Excerpt below.


Elon Musk testified that he is "financially illiquid," a lawyer for the British diver Vernon Unsworth wrote in a legal filing, Bloomberg's Dana Hull first reported.
Unsworth is suing Musk for defamation after the Tesla and SpaceX CEO called him a "pedo guy" on Twitter last year. Musk's tweet followed an interview in which Unsworth, who was involved in last year's rescue of a youth soccer team and its coach from a cave in Thailand, said the miniature submarine Musk sent to Thailand to help with the rescue would have been ineffective and was merely a publicity stunt. Musk later apologized to Unsworth and deleted the tweet.
Read more:NASA reportedly paid SpaceX $5 million to make sure its employees didn't use illegal drugs after Elon Musk smoked pot on camera
A filing from Monday written by Unsworth's attorney makes reference to "Musk's sworn testimony that he is financially illiquid," according to Bloomberg's report.
Musk is worth $23.6 billion, though a substantial majority of his wealth comes in the form of stock in SpaceX (worth $14.6 billion) and Tesla (worth $8.8 billion), according to Bloomberg.
See also: Apply here to attend IGNITION: Transportation, an event focused on the future of transportation, in San Francisco on October 22
Attorneys for Unsworth and Musk did not immediately respond to Business Insider's requests for comment.
Are you a current or former Tesla employee? Do you have an opinion about what it's like to work there? Contact this reporter at mmatousek@businessinsider.com. You can ask for more secure methods of communication, like Signal or ProtonMail, by email or Twitter direct-message. ...


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Elon Musk reportedly testified that he's low on cash and assets that could quickly be turned into cash https://t.co/uazzWFhUUj #Musk #Unsworth #Tesla #tech pic.twitter.com/5TMRWvJHEO

— NUS Trivia | tech news (@NusTrivia) October 17, 2019