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I was on the conference call. He basically said that it was guaranteed by all his assets even if Tesla was somehow to disappear.
by MikeCapone 14y ago
I was on the conference call. He basically said that it was guaranteed by all his assets even if Tesla was somehow to disappear.
- tanzam75 14y agoLast I heard, Elon Musk was very cash-poor after his two divorces. Most of his money is tied up in equity stakes in SpaceX and Tesla. So if Tesla fails, then the "personal guarantee" simply turns into SpaceX shares. And SpaceX is a pre-IPO company.
- MikeCapone 14y agoHe still didn't have to do that. It's more about signalling his confidence level. I wouldn't bet against Elon.