Ready for Anything

Elon Musk Admits He Was Wrong, But His Confidence Is Still Intact

Tesla suffered production line delays throughout 2017.
Elon Musk Admits He Was Wrong, But His Confidence Is Still Intact
Image credit: Bloomberg | Getty Images
Entrepreneur Staff
Staff Writer. Covers leadership, media, technology and culture.
2 min read

We’ve all had moments when we’ve overestimated the task ahead of us and had to recalibrate. And while Elon Musk frequently has to contend with high stakes science to get his products -- including electric cars and rockets -- to work, not even he is immune to that kind of mistake.

In an earnings call on Wednesday, Tesla CEO Elon Musk addressed the production line delays that dogged the company in 2017.

“It’s ironic since battery modules should be the thing we are best at,” Musk said. “We were a little overconfident, got too comfortable with our ability to do battery modules.”

Related: 3 Things You Can Learn From Tesla's Rollercoaster Year

The company’s plan is to continue to work toward manufacturing 5,000 cars a week by the end of the second quarter of 2018. Since Tesla was such an eye-catching part of the successful SpaceX Falcon Heavy launch, Musk also made mention of it during the call.\

Clearly his confidence is not something that is so easily shaken. Case in point: "If we can send a Roadster to the asteroid belt, we can probably solve Model 3 production.”

Which proves that if you’re stuck on one problem, focusing your efforts on another project can help you push forward and reveal what might be missing.

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Related Books

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Elon Musk Takes Tesla One Toke Over the Line