In Viral Video From 2008, Elon Musk Explains Why Tesla Cars Cost So Much

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In viral video from 2008, elon musk explains why tesla cars cost so much

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

A video from 13 years in the past through which Elon Musk explains why Tesla automobiles are so costly has resurfaced on-line and is at the moment going viral on Twitter. Elon Musk’s Tesla is as we speak counted among the many world’s most respected auto corporations – however that wasn’t all the time the case. In 2008 – which Mr Musk has beforehand stated was the “worst year” of his life – Tesla was shedding cash. 

According to Space.com, the SpaceX and Tesla Motors CEO advised 60 Minutes correspondent Scott Pelley in an interview that his Falcon 1 rocket had failed, whereas the Tesla Roadster, a two-seat sports activities automobile, was shedding cash rapidly. At the time, Mr Musk himself was in debt.

“To save Tesla, Musk needed millions from investors. His fortune was gone,” Mr Pelley stated.

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 business 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 Owners of Silicon Valley. “Whenever somebody buys a Tesla Roadster sports car… every penny that Tesla makes goes into the development of a smaller, lower-cost vehicle,” says Mr Musk within the video. He additional countered criticism that Tesla’s costly electrical autos are solely “toys for rich people” and do not really 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 hundreds of ‘likes’ and retweets.

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“My restaurants are struggling to stay open but when you have vision and you refuse to stay down, it’s videos like this that push me harder. Good on you Elon. Never stop believing,” wrote one particular person within the feedback part.

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

You can watch the total presentation here.

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