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Elon Musk is reported to have low cash, financially illiquid



  • Ilan Musk testifies that he is "financially illiquid," writes British diver lawyer Vernon Unsworth in a legal filing cabinet, Bloomberg reports.
  • The non-court sued Musk, claiming slander after Tesla and SpaceX's CEO called him a
  • Monday's document, written by Unsworth's lawyer, citing "Musk's affidavit that he was financially illiquid" , according to a Bloomberg report.
  • Musk is worth $ 23.6 billion, although a significant majority of his wealth comes in the form of reserves in SpaceX (valued at $ 14.6 billion) and Tesla (valued at $ 8.8 billion), according to Bloomberg .
  • Visit the Business Insider homepage for more stories.

Elon Musk testifies that he is "financially illiquid", British diver's lawyer Vernon Unsworth writes in legal documents, first reported by Bloomberg's Dana Hull.

Nesworth is suing Musk for defamation after Tesla and SpaceX CEO called him "Pedo Type" on Twitter last year. Musk's tweet followed an interview in which Unsworth, who is involved in rescuing a youth football team and his coach from a cave in Thailand, said a miniature Musk submarine sent to Thailand to assist with the rescue would be ineffective and simply journalistic cascade. Musk later apologized to Unsworth and deleted the tweet.

Read more: NASA has announced that it is paying SpaceX $ 5 million to make sure its employees do not use illegal drugs after Elon Musk smokes a camera pot [1

9659007] A file from Unsworth's lawyer Monday refers to "Musk's swearing-in statement that he is financially illiquid," according to a Bloomberg report.

Musk is valued at $ 23.6 billion, although a significant portion of its wealth comes from the SpaceX ($ 14.6 billion) and Tesla ($ 8.8 billion) reserves in form, according to Bloomberg.

"Mr. Musk explained that much of his net worth is for his companies," Alex Spiro, a lawyer for Musk, told Business Insider. "Of course, Mr Unsworth's attorneys are focused on this because the whole case is nothing but making money."

See also: Apply here to attend to SAVE: Transportation, an event focused on the future of transportation, in San Francisco on October 22

Unsworth's lawyer did not immediately respond to Business Insider's request for comment.

Read Bloomberg's full story here.

Are you a current or former employee of Tesla? Do you have any idea what it's like to work there? Contact this reporter at mmatousek@businessinsider.com. You can request more secure communication methods, such as Signal or ProtonMail, via email or Twitter direct message.


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