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Tesla was ‘a month away’ from bankruptcy while making the Model 3 – NEWS.com.au
Tesla was ‘a month away’ from bankruptcy while making the Model 3
As recently as 2019, Tesla was teetering on the edge of bankruptcy.The revelation came in the form of a tweet from CEO Elon Musk, who spent part of Election Day interacting with fans on the social network.
Asked by one user how close the company came to Chapter 11 bankruptcy during the ramp-up of production for its Model 3 sedan, Musk said that the “closest we got was about a month”.
“The Model 3 ramp was extreme stress and pain for a long time – from mid-2017 to mid-2019,” he added. “Production…
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