Tesla "weeks of death" this year



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ELON Musk admitted that Tesla was "a few weeks" from death earlier this year as she struggled to meet the production targets of the Model 3 sedan.

Talk to Axios on HBO, the billionaire revealed how much his physical and mental health had deteriorated over the past year.

"Tesla has really faced a death threat this year because of the production ramp of Model 3," he said. "We were in the one digit weeks."

Musk said that the company was "bleeding money madly and that if we did not solve these problems in a very short time, we would die and it was extremely difficult to solve them."

After missing several deadlines, Tesla finally achieved its production target of 5000 Model 3 per week during the last seven days of June. Last month, the company released its first quarterly profit since 2016, which surprised badysts.

"I was working seven days a week in the factory.I was in the paint shop, in the general badembly and in the body shop," Musk told HBO.

When asked if he was worried about his "implosion", Musk said, "Yes, absolutely, no one should spend so much time at work, it's not good, people should not work as well. They should not do it, it's very painful, it hurts my brain and my heart. "

Before reaching its production target, Tesla had to repay about US $ 1 billion in debt – about US $ 230 million in November – without the cash needed to keep the company running smoothly.

"I've already said that we have to prove that Tesla could be sustainably profitable," he told reporters when calling last month's results. "This quarter was an important step in that direction."

Musk has informed patient patients who paid deposits for their models 3 as early as March 2016 that the first deliveries to Australia will take place "around mid-2019".

After taxes and import duties, the cheapest model 3 will cost about $ 80,000 by car, tied with a Mercedes-Benz C300 or an Audi A4 2.0 TFSI quattro.

The leader of the electric car manufacturer had a tumultuous year marked by personal and professional scandals.

He stepped down as president last month as part of a $ 40 million settlement with the Securities and Exchange Commission, which accused Musk of misleading investors with a series of tweets suggesting that he had funds to privatize the company.

Musk is also being sued for defamation by British diving expert Vernon Unsworth – who helped rescue Thai caves earlier this year – for dealing with "paedo type" during an attack. extraordinary on Twitter.

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