Business
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…
-
General13 hours agoAbattoir worker in serious condition after workplace accident in Echuca
-
General18 hours ago‘Sovereign citizens’ sentenced to prison term in Western Australia for defiance of court order
-
Noosa News21 hours agoBroncos media boss Melissa Mallet to face court over alleged drink-driving crash
-
Noosa News24 hours agoMan charged over Brisbane bus driver attack; The latest on the crisis in the Middle East; AC/DC reveal Australian tour details