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AddElon Musk nets much needed $24M profit from Tesla's IPO

We find it hard to believe that Tesla's chief executive officer Elon Musk could possibly be running low on cash, but that's the story we've heard. If true and Musk actually is almost broke, he's a lot less so now with the addition of some $24 million in pocket change courtesy of Tesla's recent IPO. In the first day of trading, Tesla's stock shot up 40 percent, bringing in a significant amount of coin for the company, and Musk benefited, too.

5Autoblog Podcast #184 - IPOs, Manly Minivans, City Cars and Hemi horsepower

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