Finance

Elon Musk reportedly testified that he’s low on cash and assets that could quickly be turned into cash

  • Elon Musk testified that he is “financially illiquid,” a lawyer for the British diver Vernon Unsworth wrote in a legal filing, Bloomberg first reported.
  • Unsworth is suing Musk for defamation after the Tesla and SpaceX CEO called him a “pedo guy” on Twitter last year.
  • A filing from Monday written by Unsworth’s attorney makes reference to “Musk’s sworn testimony that he is financially illiquid,” according to Bloomberg’s report.
  • Musk is worth $23.6 billion, though a substantial majority of his wealth comes in the form of stock in SpaceX (worth $14.6 billion) and Tesla (worth $8.8 billion), according to Bloomberg.
  • Visit Business Insider’s homepage for more stories.

Elon Musk testified that he is “financially illiquid,” a lawyer for the British diver Vernon Unsworth wrote in a legal filing, Bloomberg‘s Dana Hull first reported.

Unsworth is suing Musk for defamation after the Tesla and SpaceX CEO called him a “pedo guy” on Twitter last year. Musk’s tweet followed an interview in which Unsworth, who was involved in last year’s rescue of a youth soccer team and its coach from a cave in Thailand, said the miniature submarine Musk sent to Thailand to help with the rescue would have been ineffective and was merely a publicity stunt. Musk later apologized to Unsworth and deleted the tweet.

Read more:NASA reportedly paid SpaceX $5 million to make sure its employees didn’t use illegal drugs after Elon Musk smoked pot on camera

A filing from Monday written by Unsworth’s attorney makes reference to “Musk’s sworn testimony that he is financially illiquid,” according to Bloomberg’s report.

Musk is worth $23.6 billion, though a substantial majority of his wealth comes in the form of stock in SpaceX (worth $14.6 billion) and Tesla (worth $8.8 billion), according to Bloomberg.

See also: Apply here to attend IGNITION: Transportation, an event focused on the future of transportation, in San Francisco on October 22

Attorneys for Unsworth and Musk did not immediately respond to Business Insider’s requests for comment.

Read Bloomberg’s full story here.

Are you a current or former Tesla employee? Do you have an opinion about what it’s like to work there? Contact this reporter at mmatousek@businessinsider.com. You can ask for more secure methods of communication, like Signal or ProtonMail, by email or Twitter direct-message.

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