Elon Musk explains why Tesla nearly went bankrupt



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As the founder of Elon Musk says, the electric car manufacturer was on the brink of bankruptcy. The production of the new Tesla model has caused problems.

The bumpy production start of the 3 hope model would have the pioneering collapse of the e-car, according to CEO Elon Musk, almost collapsed. "Tesla was facing a serious danger of death at the start of the production of model 3," Musk said in an interview with the news portal "Axios" broadcast Sunday (local time) on the TV channel. American HBO toll.

Problems entering the mbad market

The company had lost money "like crazy" – if the manufacturing problems had not been solved in a very short time, it would have meant the end. It was only a few weeks and it was extremely difficult to overcome the problems, continued Musk.

The Model 3 is Tesla's first low-cost electric car to bring the technology billionaire Musk's business from the luxury niche to the mbad market. However, Tesla has been fighting for months due to significant startup issues in the production of the car. Musk's ambitious manufacturing goals have been repeatedly pushed back and have only been achieved at a huge cost.

In the meantime, however, it seems that the risky bet comes: after the months of the Musk strain called Model 3 "hell of production", Tesla has managed for the last time the first quarterly victory in two years. "You should never let yourself go to self-sufficiency, so we have to keep working hard, but I think we're on the mountain," Musk says in a November podcast on the Recode tech blog.

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