Musk Admits Tesla Was “Bleeding Money Like Crazy” And “Faced Severe Threat Of Death”

While Tesla CEO Elon Musk and the rest of the company’s board of directors were posturing as though everything was fine earlier this year – even as the company struggled with ramping its Model 3 production and its CEO became the target of both the SEC and the Department of Justice – the reality of the situation below the surface was far closer to what most skeptics had suggested, according to a bizarre new Axios interview with Musk that aired on HBO Sunday night.

Speaking to Axios, Musk admitted that Tesla “faced a severe threat of death” earlier this year and that it was “bleeding money like crazy” as it worked through its crucial Model 3 production ramp. In the interview, Musk admitted that the company “came within single-digit” weeks of death before it was able to meet its production goals.

Echoing sentiments he made to the New York Times earlier this year, Musk admitted that working non-stop during the production ramp also took a “very painful” toll on him personally.

“It hurts my brain and my heart. It hurts. It is not recommended for anyone. I just did it because if I didn’t do it… there was a good chance Tesla would die.”

Musk also said there was a 70% chance that he would wind up riding one of his SpaceX rockets to Mars personally.



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