Tuesday January 28, 2020
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Elon Musk Tells Jury his Net Worth $20bn But is Short on Cash

Last year, he called Unsworth a "child rapist" in an email. Unsworth sued him two months later in a Los Angeles federal court, saying Musk falsely branded him a paedophile and child rapist

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Tesla CEO Elon Musk unveils the model
Tesla CEO Elon Musk speaks before unveiling the Model in Hawthorne, California. VOA

Multi-billionaire tech mogul Elon Musk in the second day of his courtroom appearance as a defendant in a defamation case filed by Vernon Unsworth, a British man, over “pedo guy” tweet, disclosed that his net worth was $20 billion (roughly Rs 1,43,000 crore) but was short on cash.

“People think I have a lot of cash, I actually don’t. I have stock in SpaceX and Tesla, and debt against that,” he said during the trial, Forbes.com reported on Wednesday.

During the first courtroom appearance on Tuesday, Musk had said the “pedo guy” tweet was not meant to be taken literally. He filed a declaration that “pedo guy” was a common insult in South Africa about demeanour and appearances.

Technology Entrepreneur speaking
Elon Musk, a technology entrepreneur. Pixabay

“It’s quite common in the English-speaking world. Calling someone a ‘pedo guy’ means creepy. If you did a search or asked someone what it means it would be a creepy,” he said.

Tesla CEO apologised to the cave diver in the court.

Also Read: 5G is our Top Priority Right Now: Qualcomm

Lawyers for Unsworth argued that Musk was using his social media platform to damage the explorer’s reputation and paint him as a paedophile.

Last year, he called Unsworth a “child rapist” in an email. Unsworth sued him two months later in a Los Angeles federal court, saying Musk falsely branded him a paedophile and child rapist. (IANS)

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Tesla CEO Elon Musk Allays Environmental Fears on Tesla’s Plant in Germany

The Berlin unit will manufacture SUV Model Y, which could go into production by 2021. The unit could initially employ 3,000 people. The headcount could rise to 7,000

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Tesla logo
A Tesla logo is seen in Los Angeles, California. VOA

Tesla CEO Elon Musk has responded to environmental concerns including excessive water use for building the massive ‘Gigafactory 4’ near Berlin to produce electric cars for the European market, saying that such concerns were baseless.

The leading non-profit organization BUND (Friends of the Earth Germany) met Tesla officials last week to discuss possible environmental pollution from the planned Gigafactory.

“Sounds like we need to clear up a few things! Tesla won’t use this much net water on a daily basis. It’s possibly a rare peak usage case, but not an everyday event,” tweeted Musk.

“Also, this is not a natural forest a” it was planted for use as cardboard & only a small part will be used for GF4,” he added.

Tesla CEO Elon musk, board
Tesla CEO Elon Musk. (VOA)

The site where the Gigafactory will be built has invited protests over concerns that the facility will excessively use water and cause deforestation by destroying 300 hectares of forest.

“Giga Berlin will build sustainable energy vehicles using sustainable energy, so net environmental impact will be extremely positive!” Musk said.

Also Read: OPPO Joins Hands with IIT Hyderabad to Boost AI, 5G Integration

After Shanghai in China, Musk selected Berlin as Tesla’s next gigafactory outside the US where the company is planning to invest 4 billion euros ($4.4 billion) and produce 150,000 cars a year.

The Berlin unit will manufacture SUV Model Y, which could go into production by 2021. The unit could initially employ 3,000 people. The headcount could rise to 7,000. (IANS)