How Elon Musk Almost Went Bankrupt For Tesla


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How Elon Musk Almost Went Bankrupt For Tesla



Elon Musk and Tesla have become synonymous – his personal ties to the company extend far beyond providing direction and vision. He has invested vast amounts of his personal money when others had little to no faith, and many a time has he or the company come close to bankruptcy. But what does that mean for the company today?

When Tesla first launched in the early 2000s, CEO Elon Musk faced criticism and skepticism from other automakers, stakeholders and car buyers alike, but he saw the potential of electric vehicles and persevered.

The journey for Musk has never been smooth sailing. The original Tesla Roadster launched in early 2008, showcasing just what the company was capable of creating. Although based on a modified Lotus Elise chassis, the electric powertrain was entirely the work of Elon Musk and his team. A 0-60 mph sprint time of less than 4 seconds and instant torque really shocked the world, but with a price tag of over $80,000, only 2,500 were ever sold.

How Elon Musk Almost Went Bankrupt For Tesla

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39 Comments

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  1. Dude's an inspiration, but his ability to organize and build his vision is god-like. I have absolutely no clue how is his brain wired to do such things. If he'll ever wire himself with neurolink I wouldn't be surprised he become the singularity event.

  2. Tesla & SpaceX are bankrupt, propped up by corporate bailouts. Elon Musk and his companies are illigitmate. He’s the prince without clothes.

  3. Tesla fans are funny Benz already made better car then model s and cheaper luxury real car Elon lies and failed more then he succeeded his money is borrowed from investors and he gambles in stocks he never had the billions people think he lied a lot to make the stocks go up the way he wants all the money is from investors and he has it on stocks if his stocks crash Elon will owe billions he is in debts actually Elon is in a lot of debts billions but his fans are delusional lol he isn’t a god he simply came up with idea and he is using people money one day you will hear Elon owing billions of dollars because he makes his money from stocks and it’s not even his money it’s investors money that he gambles do your research he lied many times failed many times tell me how many car companies failed as much as him don’t compare him to other car companies they depend on themselves they don’t borrow money to get on stocks so they can make cars looool Elon tries to make money from stocks to continue but that will crash one day companies like Benz and others will eat him alive those companies own their own money people think Elon musk is rich he isn’t rich this company Tesla wasted billions of dollars he never had that kind of money it’s investors money he is in huge debts you people don’t get it that’s why his cars are garbage quality always rushing to make money and tries to sell because he is in debts he can’t catch up why do you think other car companies make concept and never hit the road Because they never had the billions and investors to invest Elon is using investors money and he gets it on stock if you ask me he is a scammer and a liar but he is smart for tricking people into thinking he is something he is not so now people will either attack me about my English punctuation or are delusional obsessed fans only smart people will know what I’m talking about Tesla will die soon Benz already killed it and other companies Tesla matter fact is behind now compare to Benz eqs with luxury and huge range and cheaper then model s lol anyways if anyone argues about what I said then is a brain dead fan but smart people again will know exactly what I’m talking about