What happens to Tesla if Elon Musk goes bankrupt?
Tesla CEO Elon Musk is out of money and his company is on the verge of some major transactions that could make or break the company according to some reports.
Thanks to divorce proceedings, Elon Musk’s deteriorating finances are now part of the public record. Unfortunately, according to CNNMoney, it isn’t just Musk’s personal finances that are in trouble, but possibly those of Tesla as well, despite a recent deal with Toyota.
“But Tesla isn’t guaranteed Toyota’s help until it completes an initial public offering, and the fact that Tesla is spending $42 million on the Fremont plant, or Nummi, may not bode well for the electric car maker.”