"How Elon Musk Saved Tesla from Bankruptcy – The Shocking Truth Revealed!" | Must Watch

#ElonMuskStory #TeslaRescue #TeslaBankruptcy

This Podcast recounts the tumultuous history of Tesla, focusing on Elon Musk's pivotal role in saving the company from multiple near-bankruptcies. The narrative highlights key challenges, including production issues, financial struggles, and leadership changes. Musk's perseverance and significant personal investment are emphasised as crucial factors in Tesla's survival and eventual success. The Podcast also briefly touches upon Tesla's innovative electric vehicles and ambitious future plans.

2003:Tesla Motors is founded in Silicon Valley by engineers Martin Eberhard and Marc Tarpenning, named after Nikola Tesla.
Inspired by General Motors' recall and crushing of the EV1.

Pre-2004:Elon Musk sells his share of PayPal for $180 million.

Early 2004:Musk invests $70 million into Tesla, becoming chairman.

2006:Tesla unveils the Roadster.
Quality and production issues arise.
Eberhard is ousted as CEO.

2008:Roadster production begins, later than expected.
Tesla is running out of money with only $9 million left.
Multiple CEOs come and go, leaving Musk in charge.
Lehman Brothers collapses, triggering the global recession.
Musk is going through a divorce and SpaceX is near bankruptcy.
Musk cuts 25% of Tesla's workforce, seeks private loans and helps cover payroll.
Musk secures $40 million in financing on Christmas Eve.

May 2009:Daimler invests $15 million in Tesla for a 10% stake.
Tesla receives a $465 million loan from the U.S. Department of Energy.

2010:Tesla goes public at $17 a share.

2012:Tesla begins shipping the Model S sedan.

2013:Tesla faces another near-bankruptcy situation due to concerns about the Model S.
Musk enlists all Tesla employees to become sales people.
Musk convinces Larry Page to buy Tesla if necessary.
Tesla temporarily shuts down factory, citing maintenance rather than order shortages.
Tesla posts its first-ever profit as a public company in May.

2018:Tesla faces another near-bankruptcy scenario due to Model 3 production struggles.
Model 3 sees demand exceeding production capacity.

Early 2019:Tesla loses $1 billion in the first half of the year.
Musk sleeps at the factory.

Late 2019:Tesla's production problems are overcome and sales increase.
Tesla ships over 92,000 Model 3s in the 4th quarter.

Present (as of video):Tesla is working towards fully autonomous driving, a million-mile battery, and robotaxis.
Tesla stock price hovers around $1000 a share.

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