In Viral Video From 2008, Elon Musk Explains Why Tesla Vehicles Price So A lot

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NDTV News

In a video from 2008, Elon Musk speaks about Tesla and extra.

A video from 13 years in the past wherein Elon Musk explains why Tesla automobiles are so costly has resurfaced on-line and is presently going viral on Twitter. Elon Musk’s Tesla is right this moment counted among the many world’s Most worthy auto firms – however that wasn’t all the time the case. In 2008 – which Mr Musk has beforehand mentioned was the “worst 12 months” of his life – Tesla was shedding cash. 

In accordance with Area.com, the SpaceX and Tesla Motors CEO instructed 60 Minutes correspondent Scott Pelley in an interview that his Falcon 1 rocket had failed, whereas the Tesla Roadster, a two-seat sports activities automotive, was shedding cash shortly. On the time, Mr Musk himself was in debt.

“To save lots of Tesla, Musk wanted thousands and thousands from buyers. His fortune was gone,” Mr Pelley mentioned.

It was on the finish of this 12 months that Elon Musk stood in entrance of an viewers of round 300 folks from the movie, tv and music trade for an occasion organised by The Hollywood Hill and spoke about Tesla’s electrical automobiles. 

A video from the December 2008 occasion has gone viral after being shared on Twitter yesterday by Tesla Homeowners of Silicon Valley. “Every time any individual buys a Tesla Roadster sports activities automotive… each penny that Tesla makes goes into the event of a smaller, lower-cost car,” says Mr Musk within the video. He additional countered criticism that Tesla’s costly electrical automobiles are solely “toys for wealthy folks” and do not truly assist the surroundings, explaining that it takes time to optimise new know-how.

The video has racked up over 2.2 million views on the microblogging platform, together with 1000’s of ‘likes’ and retweets.

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“My eating places are struggling to remain open however when you’ve got imaginative and prescient and also you refuse to remain down, it is movies like this that push me more durable. Good on you Elon. By no means cease believing,” wrote one individual within the feedback part.

“The largest entrepreneur of our time,” one other remarked. 

You possibly can watch the complete presentation right here.

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