Login

Post on Medial

Mr Z

 • 

Medial • 1m

When Tesla was founded in 2003, Elon Musk wasn't even an employee. By 2008, Tesla was nearly bankrupt. Then Elon took over as CEO. 15 years later, they're worth $727 Billion. Everyone should understand how Elon brought Tesla back from the dead: 🧵 Let's rewind to 2003: Martin Eberhard & Marc Tarpenning founded Tesla Motors. They pitched to several VCs but no one was willing to invest in their crazy idea. After receiving numerous rejections from VCs, Martin and Marc first met Elon Musk during an annual space conference. Elon understood their vision instantly & invested $6.5M, becoming chairman. Tesla's first car, the Roadster, was a nightmare to produce. By 2007, Eberhard was ousted as CEO. And by 2008, Tesla was bleeding $4M monthly. Musk had two choices: Let Tesla die, or go all in. He chose the latter... Musk turned Tesla from a car company into a tech company. He open-sourced Tesla's patents in 2014. 2016: Acquired SolarCity (solar panels) And the market ate it up.

15 replies29 likes
7
Replies (15)

More like this

Recommendations from Medial

ASWIN ANAND

Stealth • 5m

Tesla, Inc. was founded by Martin Eberhard and Marc Tarpenning in 2003. Although Elon Musk is often closely associated with Tesla, he joined the company later in 2004 as an investor and chairman of the board. Musk played a significant role in shaping

See More
0 replies5 likes
Image Description
Image Description

Jaswanth Jegan

Stealth • 5m

"ELON MUSK is not The FOUNDER Of Tesla" Bankruptcy to Billions #2 Tesla's Turnaround Story Tesla was founded by Martin Eberhard and Marc Tarpenning in 2003.Elon Musk joined Tesla in 2004 as chairman by investing $6.5 million of his own money, whic

See More
12 replies25 likes
4
Anonymous
Image Description

Anonymous

Stealth • 7m

🚨 Tesla CEO Elon Musk postpones India trip. (CNBC)

1 replies5 likes
Image Description
Image Description

Jaswanth Jegan

Stealth • 5m

Elon Musk is the Face of Tesla what would happen if he leaves Tesla ?

32 replies7 likes
Image Description
Image Description

Jaswanth Jegan

Stealth • 5m

Elon Musk wins Tesla shareholder approval for $56 billion pay package. The approval underscores the support that Musk enjoys from Tesla's retail investor base. The proposal passed despite opposition from some large institutional investors and proxy

See More
6 replies8 likes
1
Image Description
Image Description

Mahendra Lochhab

Stealth • 5m

'Tesla Would Have Been Just Another Car Company, Without Ashok Elluswamy'; Elon Musk Hails Indian Talent

2 replies7 likes
Image Description
Image Description

Vishnu

Stealth • 1m

"I Robot" movie director accuses Elon Musk for stealing designs for Tesla car, robot from his movie.

6 replies7 likes

BN Headlines

Stealth • 1m

Elon Musk-owned Tesla shows off Optimus humanoid robots at ‘We Robot’ event At Tesla's 'We Robot' event in California on Thursday, Elon Musk showcased several humanoid Optimus robots, demonstrating their capabilities by walking, serving drinks, an

See More
0 replies2 likes
Image Description
Image Description

Mukesh Pandey

Stealth • 7m

Elon Musk claims Tesla's Optimus robots could be available for purchase by the end of 2025. How do you see this impacting the future of work?

6 replies14 likes

Shreyas Ramdasi

Stealth • 5m

Elon Musk Says He Is Working On Tesla's Fourth Master Plan: ''It Will Be Epic'' Elon Musk, the CEO of Tesla, has confirmed that he is currently working on the EV company's fourth master plan. On Monday, the billionaire wrote on X that he is activel

See More
0 replies4 likes

Download the medial app to read full posts, comements and news.