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In a 2008 video, Elon Musk talks about Tesla and more.
A video from 13 years ago in which Elon Musk explains why Tesla cars are so expensive has resurfaced online and is now going viral on Twitter. Elon Musk’s Tesla is among the world’s most valuable automakers today – but that wasn’t always the case. In 2008 – which Mr. Musk previously called the “worst year” of his life – Tesla was losing money.
According to Space.com, the CEO of SpaceX and Tesla Motors told 60 Minutes correspondent Scott Pelley in an interview that his Falcon 1 rocket failed, while the Tesla Roadster, a two-seater sports car, lost. money fast. At the time, Mr. Musk himself was in debt.
“To save Tesla, Musk needed millions of investors. His fortune was gone,” Pelley said.
It was at the end of this year that Elon Musk appeared in front of an audience of around 300 people from the film, television and music industry for an event hosted by The Hollywood Hill and spoke electric cars from Tesla.
A video from the December 2008 event went viral after being shared on Twitter yesterday by Tesla owners in Silicon Valley. “Every time someone buys a Tesla Roadster sports car … every penny Tesla earns goes towards developing a smaller, less expensive vehicle,” Musk says in the video. He further countered criticism that Tesla’s expensive electric vehicles are just “toys for the rich” and don’t really help the environment, saying it takes time to optimize new technologies.
.@Elon Musk discussing electric vehicles in 2008 when tesla was almost strapped for cash. pic.twitter.com/q41Tw9bfx9
– Tesla owners from Silicon Valley (@teslaownersSV) February 22, 2021
The video has racked up more than 2.2 million views on the microblogging platform, as well as thousands of “likes” and retweets.
“My restaurants have a hard time staying open but when you have a vision and refuse to stay down, it’s videos like this that push me harder. Good for you Elon. Never stop believing one person wrote in the comments section.
“The greatest entrepreneur of our time,” remarked another.
You can watch the full presentation here.
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