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Elon Musk Takes Out $50 Million in New Loans, Mortgaging Five Homes
We were one of the very first to speculate that Elon Musk had mortgaged 5 of his homes in late January, when we highlighted research by an internet sleuth on Musk's personal financial situation. According to public records cited by Tesla skeptic EVent Horizon and laid out in a timeline on Sutori in late January, Elon Musk looked as though he had leveraged some of his personal real estate. A follow up report from Bloomberg has confirmed that Musk recently took out $61 million in mortgages on five properties that he owns in California. Four of these properties are in the Bel Air neighborhood of Los Angeles and one is ... (full story)
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