Tuesday, June 22, 2010

Elon Musk, Tesla Motors CEO and PayPal founder is so very, very poor

The CEO of Tesla Motors, a former member of the PayPal 'mafia' and tech-boom poster-boy, has reported that he is out of cash, now unable to fund his extravagant lifestyle.

In a Dealbook column entry this morning, it was revealed that despite his fortune when he was thirty eight (it totaled about $200 million) he is now broke.

Musk says that he put his last few millions into Tesla, the company named after a Serbian electrical engineer which is trying (somewhat successfully) to put the sex appeal into electric cars.

The article compares the financially troubled tech baron to the fictional Iron Man character Tony Stark, and reveals Musk's 'liquidity issues'.
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