Musk: Tesla is only one month away from the closest bankruptcy

 Almost bankruptcy is no joke, Tesla is only one month away from the nearest one.

On November 3, when discussing the history of Tesla’s fundraising, a netizen asked on Twitter: “In the process of mass production of Model 3, how close is Tesla to bankruptcy?”

"It was only about a month before bankruptcy." Tesla CEO Elon Musk responded. From mid-2017 to mid-2019, Model 3 production was under great pressure for a long time. under. Whether it is production or logistics, it is as painful as hell. "

When Tesla tried to put Model 3 into mass production from a concept car, it went through two years of production hell. In August 2018, Musk said in an interview with The New York Times that he was under great pressure. Working up to 120 hours a week was commonplace. He often spent three or four days in the factory. Sleeping on the floor of the factory. In order to fall asleep normally, he even had to take sleeping pills.

However, this is not the only time Tesla is on the verge of bankruptcy. In 2008, the company received a loan of 40 million US dollars, Musk said that Tesla was on the verge of bankruptcy. Musk revealed on Twitter, "I put all my money into it. I don't have a house. I have to borrow money from my friends to pay the rent."

Before that, Musk and Tesla had never revealed how close they were to bankruptcy.

As of the beginning of 2019, the quarterly production of Model 3 was less than 63,000 units. However, even so, Tesla has successfully raised billions of dollars by promoting Tesla's self-driving ambitions at the Autonomous Driving Day event.

As Model 3's production capacity continues to climb, Tesla's stock price and Musk's wealth have gradually soared, and Tesla has also escaped the haze of bankruptcy. Today, Tesla's market value has exceeded $400 billion, making it the world's most valuable auto company.


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