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Tesla CEO Elon Musk tweeted on Tuesday, saying his electric car maker has been near a month of bankruptcy in recent years as he is still unsure how to reach commercial production of his “Model” electric car. 3 “.
In the midst of a discussion of the stages of Tesla’s capital increase published by “CNBC,” one follower asked, “How close is Tesla to bankruptcy when it brings the Model 3 into commercial production?” ? ” Tesla’s CEO responded in a tweet that I read. Al Arabiya.net: “A month separated us from filing for bankruptcy, and the launch of Model 3 was extreme stress and pain for a long time – from mid-2017 to mid-2019.” Describing it as ‘production and logistics hell’.
Musk has often spoken of what he calls “the hell of production and logistics” of introducing a new electric vehicle into mass production. However, neither Musk nor the company revealed what they were up against about the potential bankruptcy at the time.
In early 2019, with Tesla making fewer than 63,000 cars each quarter from its Model 3, Musk raised billions by promoting Tesla’s self-driving car ambitions at the Autonomous Conference and through calls with institutional investors.
At the time, Musk and other Tesla executives said in their quarterly business results and promotional talks with investors that the company would be able to fund its business needs with current cash flows, and capital increases. only regrouped in times of recession or weakened global demand for cars.
And in the third quarter of this year, Tesla announced the fifth consecutive quarter of profitability.
Tesla no longer discloses its sales figures for the “Model 3” car separately. The company opened a new factory in Shanghai with the aim of producing 150,000 units of the Model 3 car per year, and then increasing annual production to at least 250,000 cars per year. , Including Model Y and Model 3.
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