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Tesla Was a Month Away From Bankruptcy During Model 3 Production, Elon Musk Tweets

The always-candid CEO overshared on social media again.


Tesla's financial struggles have been the subject of many a news story over the past several years, but founder Elon Musk shared Tuesday that the situation has been more dire than the public knew at the time. In a series of Tweets, Musk revealed that Tesla was "about a month" away from bankruptcy between mid-2017 and mid-2019 while it was ramping up Model 3 production.

Bloomberg | Getty Images

Related: Elon Musk's Net Worth Passes Warren Buffett's After Tesla Stock Reaches All-Time High

The two years of "hell" happened while Tesla was attempting to take the Model 3 from concept to mass production. And it turns out that wasn't the only time Tesla nearly went bankrupt. In 2008, the company secured a $40 million loan that Musk says came in at the "last hour" when Tesla was about three days away from bankruptcy.

Though for whatever it's worth, since both near-failures, Tesla's stock (and Musk's net worth) have both gone on to reach all-time highs.

Related: 61 Books Elon Musk Thinks You Should Read

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