Tesla virtually died earlier this yr, CEO Elon Musk mentioned Sunday night time in an interview with Axios that aired on HBO.



Musk mentioned the corporate was “bleeding cash like loopy” because it labored via the Mannequin three manufacturing ramp within the spring and summer time. He mentioned the corporate “got here inside single-digit” weeks of demise earlier than it was capable of meet its Mannequin three manufacturing targets.


“Tesla actually confronted a extreme risk of demise as a result of Mannequin three manufacturing ramp,” Musk mentioned. “Primarily, the corporate was bleeding cash like loopy, and if we did not clear up these issues in a really brief time frame, we might die. And it was extraordinarily troublesome to resolve them.”


Musk additionally talked in regards to the private toll working nonstop through the manufacturing ramp took on him, calling it “very painful.”


“It hurts my mind and my coronary heart,” Musk mentioned. “It hurts. It isn’t really helpful for anybody. I simply did it as a result of if I did not do it… there was probability Tesla would die.”




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