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Elon Musk Unveils the Surprising Strategy That Saved Tesla From the Brink of Bankruptcy.Huyen

November 14, 2024 by Ngoc Huyen Leave a Comment

In 2018, when the entire world thought Tesla was on the verge of bankruptcy:

  • Mercedes predicted: “They’ll go bankrupt by summer.”
  • BMW asserted: “They’ll never achieve mass production.”
  • Wall Street proclaimed: “A manufacturing nightmare.”

Then, Elon Musk decided to move into the factory, bringing with him his determination—and his pillow. What happened afterward left every CEO in awe. Tesla didn’t just survive; it exploded from the brink of collapse.

The transformation was genuinely radical:

  • Musk personally inspected every production station.
  • He rewrote software code when necessary.
  • He fired managers who didn’t align with his vision on the spot.
  • He called suppliers at 3 a.m. for urgent parts.

One night, workers even found him covered in grease while fixing a Model 3 that other engineers had “given up on.”

Elon told his engineers, “Either we fix them, or we’re done.”

The auto industry’s laughter started to fade as the numbers came in:

  • First week: 202 Model 3s.
  • Third month: 5,000 each week.
  • By year-end: Tesla posted its first profitable quarter.

Tesla went from being a joke to a legitimate threat, transforming rapidly and making the entire industry take notice.

“It was an incredibly painful period. I don’t know, but maybe I went a little insane,” Elon shared.

Traditional automakers had:

  • Over 100 years of experience.
  • Billions of dollars in cash reserves.
  • Robust global supply chains.
  • Deep political connections.

Today?

Tesla’s valuation surpasses the combined values of Toyota, GM, Ford, and BMW.

In just a few years, Elon Musk turned a mocked company into an automotive giant, proving that persistence and vision can change an entire industry.

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