I'm fortunate enough not to need to care about Musk, but people keep flooding me with him, and I found this to be quite descriptive as in "if there's one thing you need to know..."

From @garius:

Both Musk and Thiel have spoken on the record about this incident a number of times, although they obviously put a positive spin on it.

You can hear Elon telling his version here.

https://www.youtube.com/watch?v=mOI8GWoMF4M