Elon Musk Admits He Was Wrong, But His Confidence Is Still Intact
Tesla suffered production line delays throughout 2017.
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."
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.\
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.
Entrepreneur Editors' Picks
How an Encounter With the 'Armpit of Destiny' Helped the Founder of Grubhub Take His Business From His Apartment to a $2 Billion IPO
You Can Train Your Brain to React to Stressful Situations Better. Here's the 3-Step Process.
A Disastrous Valentine's Day Inspired This Founder to Launch Her Own Floral Brand. It Became a Celebrity Magnet With Retail Revenue Up 450% Since 2019.
What Is Your Dream Job? Ask Yourself These 4 Questions to Find Out.
This Is the Crazy Process This Juice Franchise Went Through to Get USDA-Certified Organic. But It Sure Has Paid Off.
No One Would Rent Me a Café in Trendy NYC Neighborhoods, So I Tried Something Risky. Now I Have 3 Coffee Shops.