Musk likely to lose deposit on car

Tesla CEO Elon Musk unveils the Roadster 2 during a presentation in Hawthorne, California, U.S., November 16, 2017. Tesla/Handout via REUTERS     ATTENTION EDITORS THIS IMAGE WAS PROVIDED BY A THIRD PARTY. NO ARCHIVES. NO RESALES - RC1F03E20630

Muskrat Finance Corp., who are responsible for providing the Personal Contract Purchase scheme which Elon Musk used to finance the purchase of his expensive sports car, have expressed concern that Mr Musk appears to have made no provision for the recovery of his car or for its return to the finance company at the end of the three-year contract period.

‘Furthermore, he appears to have considerably exceeded the agreed mileage limit, for this year at least’ added the corporation. ‘We cannot make exceptions, particularly for someone so prominent in the public eye as Mr Musk’ the company warned ‘And we shall insist on Mr Musk repaying the full balance outstanding. We may, however, at an appropriate rate of interest, be able to offer him time to pay. Especially if he is willing to offer our CEO a ride around the Moon and back.’

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Posted: Feb 8th, 2018 by

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