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Elon Musk Finally Admits Tesla Nearly Died
Nov. 27, 2018 3:00 PM ET by Jay Traugott / 12 Comments Industry analysts were saying this for months. Several months ago, Bloomberg did some calculations regarding Tesla and its current finances and came to a conclusion based on the data: the electric car company would soon run out of money.
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Lucas Martinez 1 minutes ago
More precisely, it was burning through over $6,500 per minute. Predictions at the time said the comp...
More precisely, it was burning through over $6,500 per minute. Predictions at the time said the company would be broke by August, but CEO and now former chairman Elon Musk figured out ways to bring in more money to keep the lights on.
It also helped that Tesla finally posted a profit once it got Model 3 production under control. In a recent interview with Axios, Musk confirmed that Model 3 production problems nearly caused the death of Tesla.
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Christopher Lee 5 minutes ago
REUTERS/Rebecca Cook Tesla Tesla "Essentially the company was bleeding money like crazy," ...
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Elijah Patel 4 minutes ago
And it was extremely difficult to solve them."
Musk didn't go into specifics but he really ...
REUTERS/Rebecca Cook Tesla Tesla "Essentially the company was bleeding money like crazy," Musk said. "And just if we didn't solve these problems in a very short period time, we would die.
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Charlotte Lee 3 minutes ago
And it was extremely difficult to solve them."
Musk didn't go into specifics but he really ...
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Christopher Lee 4 minutes ago
Up until the Model 3, Tesla only built the Model S and Model X, neither of which are mainstream vehi...
And it was extremely difficult to solve them."
Musk didn't go into specifics but he really didn't have to because he stated what everyone already pretty much knew. Tesla completely underestimated the challenges of mass-scale production.
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Dylan Patel 8 minutes ago
Up until the Model 3, Tesla only built the Model S and Model X, neither of which are mainstream vehi...
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Madison Singh 18 minutes ago
Based on the short clip in the included interview, it sounds like the Model 3 "production hell&...
Up until the Model 3, Tesla only built the Model S and Model X, neither of which are mainstream vehicles, but rather luxury cars. The Model 3, by contrast, is the affordable Tesla and it was in high demand the moment it was unveiled back in 2016. Tesla Tesla Tesla Tesla's goal was to build 5,000 Model 3 units weekly, but it took a while to achieve that.
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Dylan Patel 15 minutes ago
Based on the short clip in the included interview, it sounds like the Model 3 "production hell&...
Based on the short clip in the included interview, it sounds like the Model 3 "production hell" nearly broke Musk. He still sounds traumatized by the whole experience. Could it explain some of his strange behaviors as of late, like announcing things on Twitter he probably should not have and smoking weed on Joe Rogan's podcast?
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Sofia Garcia 32 minutes ago
It's possible. The most important takeaway from Musk's statement here is that we can't a...
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Daniel Kumar 35 minutes ago
Reality works differently than what goes on in Elon Musk's brain. Tesla
Join The Discussio...
It's possible. The most important takeaway from Musk's statement here is that we can't always believe what he originally says.
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Sophia Chen 7 minutes ago
Reality works differently than what goes on in Elon Musk's brain. Tesla
Join The Discussio...
Reality works differently than what goes on in Elon Musk's brain. Tesla
Join The Discussion
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Henry Schmidt 12 minutes ago
Elon Musk Finally Admits Tesla Nearly Died CarBuzz News Features New Cars Used Cars Sell My Car Sho...