Wednesday, October 16, 2019

Oh, Elon

Still have enough cash to commute by private jet.
An attorney for Vernon Unsworth, who sued for defamation last year after Musk attacked him on Twitter, pressed the Tesla Inc. CEO’s lawyer last month for information on all insurance policies applicable to claims made in the suit. An exhibit filed Monday shows the two attorneys sparring over information regarding Musk’s ties with AIG.

“Given Musk’s sworn testimony that he is financially illiquid, Mr. Unsworth is entitled to know whether AIG has accepted coverage of the claims, denied coverage of the claims, or has reserved its rights to contest coverage of the claims,” Unsworth’s attorney wrote on Sept. 20. Musk’s lawyer wrote back the same day that AIG had reserved rights, without elaborating.

One never knows the truth of such things but Musk is supposedly worth close to $20 billion. Sure there's always a degree of illiquidity. Can't dump all your assets at once. But...comeon.

It ain't easy being a billionaire.