Tesla was about a month from bankruptcy as it struggled to ramp up production of its Model 3 electric car between 2017 and 2019, CEO Elon Musk disclosed in a Twitter exchange Monday. Musk had publicly lamented the ’productions & logistics hell’ that accompanied the ramp-up but had never before detailed how little slack remained for the iconic electric car manufacturer, reported CNBC. Following a discussion about an earlier time in Tesla’s history that seemed dire, in 2008, a follower asked him how bad things got more recently. “How close was Tesla from bankruptcy when bringing the Model 3 to mass production?” asked Twitter user @ZainRaz4. “Closest we got was about a month,’ Musk replied. ‘The Model 3 ramp was extreme stress & pain for a long time – from mid-2017 to mid-2019. Production & logistics hell.” The gull-winged Model 3 first rolled off assembly lines in tiny quantities in July 2017. Mass production of the volt-eating vehicle was still far off. Elon Musk shown against an image of a Tesla Model 3 electric car during an opening ceremony for the company’s Model Y program in Shanghai, China, in January The ramp-up of production of the gull-winged Model 3 caused ‘extreme… Read full this story
- Secrets of China's economic future revealed; International Bag City
- The State to buy some properties, investors hope property market will recover
- BUSINESS IN BRIEF 13/7
- E-commerce becomes the trend
- BUSINESS IN BRIEF 6/4
- BUSINESS IN BRIEF 30/6
- BUSINESS IN BRIEF 11/7
- Social News 8/10
- Microsoft Surface with Windows RT review
- Gates widens lead over Slim as richest lose $27 billion
Elon Musk reveals Tesla was a MONTH away from going bankrupt while trying to figure out 'logistics hell' of ramping up production of the Model 3 have 246 words, post on www.dailymail.co.uk at November 3, 2020. This is cached page on Law Breaking News. If you want remove this page, please contact us.