On May 17, 2010 this San Diego Divorce Attorney blog wrote about the Mr. and Mrs. Musk divorce. Mr. Musk claims the sole and separate property ownership of the Tesla automobile company. The Tesla muscle car gets its muscles from electricity (batteries). It is among the current crop of electric cars that travel 0-60 miles per hour is approximately 3 seconds.
The blog was about the typical California divorce case involving millions of community property and a premarital or post marital agreement upon which Mr. Musk claims that his Wife signed all of her rights to the Tesla company over to him. Mrs. Musk is contesting the agreement. Mr. Musk claims that all of his funds have run out and that the car company may be lost.
Writer Owen Thomas's article recently appeared on this matter in a story carried by the New York Times. Now that Tesla is moving forward to wider production and release of it's sports car, Mr. Musk reports that he is out of money. Is this a fact? Or, is this some maneuver to dissuade his Wife from going forward with the attack on the marital agreement in California divorce court. San Diego divorce lawyers and Certified Family Law Specialist hear this type of a claim when at its loudest when the other side to the case is getting closer to upsetting the divorce applecart.
Family law attorneys are a cynical group. The typical interpretation of Mr. Musk's "I'm out of money" message is--"don't spend a fortune fighting me on the validity of the pre nuptial agreement because even if you win, the asset will be lost or into someone else's hands". The attorneys for Mrs. Musk probably won't rely on this message. They will likely respond, "Give Mrs. Musk x% of the asset and we'll drop the case.
(Tesla and Toyota news conference)
The Tesla car appears to be gaining interest. Toyota has promised an infusion of cash. Meanwhile the California divorce contest over the characterization of this company moves on. The divorce property attorneys at Law Office of Thomas M. Huguenor handle property characterization cases.
