Multi-billionaire Elon Musk's real net worth, like his personality, is volatile and mercurial.Probably the best known billionaire in the world (and undoubtedly the most covered by the news and social media), Musk and his exact wealth are a matter of speculation because he lives such an un-billionaire type existence.For one, Musk has no guaranteed multimillion dollar annual salary plus stock options and perks from Tesla Inc. Musk has a $56,000 monthly salary from Tesla but hasn't drawn this salary even once. Seems Musk relies on his salaries and perks from his other businesses such as SpaceX, The Boring Company, OpenAI and Neuralink to get by.But here's what we know about Musk's wealth. Forbes estimates his "real time net worth" as of May 15 at $19.5 billion. That's good for Number 40 on Forbes' billionaires list. CNBC places Musk's net worth at about $23.6 billion (no mention of a time frame).And here's why it's tough placing an exact number on Musk's wealth.In January, Tesla announced … [Read more...] about Elon Musk net worth: How much is Tesla, SpaceX CEO worth?
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Tesla and SpaceX CEO Elon Musk has been selected to receive the Stephen Hawking Medal for his “astounding accomplishments in space travel and for humanity”. The STARMUS Festival announced the 2019 winners of the Stephen Hawking Medal for science communication on May 10. Joining Musk as award-winners are Brian Eno and documentary Apollo 11 by Todd Douglas Miller. Eno is rewarded for his contribution to the popularization of science, while the documentary is noted for presenting a breakthrough look at history’s most famous space mission. According to Mashable, “SpaceX is known for building next-generation rockets that have launched satellites and delivered supplies to the International Space Station”. Commenting on Eno, fellow musician Peter Gabriel said, “Brian has often created the doorway through which the avant-garde enters the mainstream. He has been the creator of ambient and now evolutionary musical forms, challenging the role, nature and … [Read more...] about Elon Musk, Brian Eno to receive Stephen Hawking Medal
REUTERS: A U.S. judge on Friday said Elon Musk must face a defamation lawsuit by a British diver who said he was falsely branded a pedophile and child rapist by the chief executive of electric car company Tesla Inc.U.S. District Judge Stephen Wilson in Los Angeles said a reasonable jury could conclude that Musk's comments were more than merely opinions, and scheduled a trial for Oct. 22.The judge had on April 26 denied Musk's bid to dismiss the lawsuit brought by diver Vernon Unsworth, without explaining his reasoning.Musk's lawyers did not immediately respond on Friday to requests for comment.Unsworth, who said in his lawsuit he shared a house in the Thailand countryside with a 40-year-old woman who owned a nail salon, was part of a team that helped rescue 12 boys and their soccer coach from a Thailand cave last July 10.He said he became a target for Musk after saying on CNN that a mini-submarine offered for the rescue by Musk from his company SpaceX, where he is also chief executive, … [Read more...] about Trial date set for Elon Musk’s ‘pedo guy’ tweet
Business A federal judge on Tuesday approved a deal struck between Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission over Musk's use of Twitter, a court filing showed. 01 May 2019 08:50AM Bookmark NEW YORK: A federal judge on Tuesday approved a deal struck between Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission over Musk's use of Twitter, a court filing showed.U.S. District Judge Alison Nathan in Manhattan approved the deal worked out on Friday that settled the dispute in which the SEC had sought to find Musk in contempt of a securities fraud settlement last year.Earlier this month, Nathan had ordered the parties to work out an arrangement between themselves.The new deal lays out in more detail what types of statements by Musk must be reviewed by Tesla's legal counsel before publication, such as financial statements, previously unreported production or delivery numbers, and other topics.Regulators had … [Read more...] about Judge approves Musk, SEC agreement over Twitter use by CEO
Business Tesla Inc said on Monday it could seek alternative financing sources although it expects cash generated from its business would be enough to fund its investments and pay down debt. 29 Apr 2019 08:05PM Bookmark REUTERS: Tesla Inc said on Monday it could seek alternative financing sources although it expects cash generated from its business would be enough to fund its investments and pay down debt."We continually evaluate our capital expenditure needs and may decide it is best to raise additional capital to fund the rapid growth of our business," the electric car maker said in a regulatory filing https://www.sec.gov/Archives/edgar/data/1318605/000156459019013462/tsla-10q_20190331.htm.Wall Street has been looking for more information after Chief Executive Elon Musk suggested last week that a capital raise could be imminent, after the electric vehicle maker lost US$700 million in the first quarter."There is some merit to raising capital," Musk said on a conference call … [Read more...] about Tesla says may seek alternative financing sources