Could Elon Musk’s Divorce Sink Tesla?
VentureBeat has unearthed this nugget in Tesla founder Elon Musk’s Feb. 23 divorce papers: “About four months ago, I ran out of cash.” If Musk can’t put cash into the enterprise, Tesla might be in trouble and it at very least raises questions about whether he should have disclosed this to investors. The company has committed to purchasing the NUMMI plant in Fremont, Calif., from General Motors for $42 million. It won’t be getting any help from Toyota, which has committed to buying a $50 million stake in the company only if it goes public before Dec. 31. It appears that the U.S. Department of Energy is providing most of the cash for the company’s operation. Senate to Pick Up Carried Interest Issue peHUB’s Dan Primack has the skinny on the tax change that venture capitalists say could choke off funding for renewable ventures. Three years after first threatening to do so, the House of Representatives on Friday voted to change the tax treatment of carried interest. But before you despair o
