Can a broke man buy a $125,000 Tesla Roadster Sport? He probably can if he's Elon Musk, the CEO of Tesla Motors who recently wrote in legal documents that, "I ran out of cash." What running out of cash means for a person like Musk (who it looks like still spends around $200,000 a month) and the rest of us is a matter for another day, but it is apparent that Musk, who is going through divorce proceedings, doesn't have as much money as he used to.
Elon Musk Lawsuit
Darryl Siry, who used to be CMO at Tesla Motors and is now CEO of NewsBasis, and so has a better-than-most insight into the situation, hears word that Tesla's upcoming IPO will go out for somewhere between $1 and $1.5 billion. This will mean that the opening price could be around $10-$12 a share, which is typical, he says, and follows a 1-for-3 reverse stock split that the board recently approved. After the split, there will be 100 million shares outstanding. While we can't know the future &ndas
The legal battle between Tesla Motors CEO Elon Musk and ex-CEO Martin Eberhard continues tomorrow in San Mateo County Superior Court when Musk and Tesla's lawyers will ask a judge to toss out Eberhard's original lawsuit. Earlier this year, Eberhard filed a lawsuit that alleges that Musk, among other things, "committed a series of actions that not only resulted in the delay of the release of the Roadster to the consumer market, but also compromised Tesla Motors' financial health." Eberhard is als