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The Almighty Buck

+ - Tesla CEO Musk is Car-Rich, Cash-Poor

Submitted by theodp
theodp (442580) writes "He's got 99 Problems, and a soon-to-be ex-wife is one. Tesla Motors CEO Elon Musk seems to have it all. The electric-car entrepreneur is the toast of Silicon Valley, Sacramento, and Tokyo after unveiling a plan to revive Toyota’s shuttered NUMMI plant. Deal-hungry Wall Street bankers are angling to take his company public. He’s even got a cameo in Iron Man 2. The one thing he doesn’t have, by his own admission, is money. 'About four months ago, I ran out of cash,' he wrote in a Feb. 23rd court filing reviewed by VentureBeat. According to the filing, Musk has been living off personal loans from friends since Oct. 2009 and spending $200K a month while making far less. Tesla Motors, likewise, is dealing with its cash flow problems by borrowing money from a friendly source — the U.S. government, which made $465MM available to the cleantech startup."

Comment: Re:They're working on it. That's all. (Score 1) 256

by ender_01 (#31937378) Attached to: More Evidence For Steam Games On Linux
+1 on it being "A Good Thing®"

Linux has to start somewhere with a big commercial supporter. I would even re-purchase Valve titles if they did this to show my support of the move.

I will however NOT purchase titles that are simply wrapped in WINE or something similar, much like EA does with their titles on OS X. It shows little work or care for the platform when they do things like that.

The beer-cooled computer does not harm the ozone layer. -- John M. Ford, a.k.a. Dr. Mike

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