Tesla was a month before bankruptcy during Model 3 production, Elon Musk Tweets

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This article has been translated from our English edition.

Tesla was a month before bankruptcy during Model 3 production, Elon Musk Tweets
Tesla was a month before bankruptcy during Model 3 production, Elon Musk Tweets


Tesla’s financial struggles have been the subject of much news in recent years, but founder Elon Musk announced in recent days that the company’s situation was worse than the public knew at the time. In a series of tweets, Musk revealed that Tesla was “about a month” from bankruptcy between mid-2017 and mid-2019 as it was manufacturing the Model 3.

The two years of “Hell” came as Tesla tried to move the Model 3 from concept to mass production. And it turned out that this was not the only time Tesla was on the verge of bankruptcy. In 2008, the company received a $ 40 million loan that, according to Musk, “came at the last minute” when Tesla was about three days before bankruptcy.

Whatever it’s worth, Tesla stocks (and Musk’s net worth) have hit all-time highs since both near-failures.

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