Chapter
Elon Musk's Tesla gets bailed out by bluffing in a major round of funding
40:06 - 48:43 (08:36)
Burnt through millions of dollars each month, Tesla needed another major round of funding in 2008 to stay afloat, and Elon Musk relied on his bluffing skills to convince investors to alter their normal rules of engagement to invest in a company on the brink of bankruptcy.
Clips
In 2008, with a limited amount of money, Elon Musk had to make the tough decision between investing in SpaceX or Tesla, realizing that only one company had a chance of survival.
40:06 - 41:07 (01:00)
Summary
In 2008, with a limited amount of money, Elon Musk had to make the tough decision between investing in SpaceX or Tesla, realizing that only one company had a chance of survival. Ultimately, he chose to invest in both companies, but it wasn't an easy decision.
ChapterElon Musk's Tesla gets bailed out by bluffing in a major round of funding
Episode#1 Elon Musk: Tesla, SpaceX, & the Quest for a Fantastic Future
PodcastFounders
On the brink of bankruptcy in 2008, Elon Musk had to ask his existing investors for another round of funding to push Tesla through 2008.
41:07 - 44:41 (03:34)
Summary
On the brink of bankruptcy in 2008, Elon Musk had to ask his existing investors for another round of funding to push Tesla through 2008. Ultimately, he was able to raise $40 million in funding to avoid bankruptcy.
ChapterElon Musk's Tesla gets bailed out by bluffing in a major round of funding
Episode#1 Elon Musk: Tesla, SpaceX, & the Quest for a Fantastic Future
PodcastFounders
Elon Musk was bailed out of financial trouble in 2008 by closing a 40 million dollar round for Tesla and investing his last 20 million dollars into it, which helped him get back in the game.
44:41 - 48:43 (04:01)
Summary
Elon Musk was bailed out of financial trouble in 2008 by closing a 40 million dollar round for Tesla and investing his last 20 million dollars into it, which helped him get back in the game.