Tesla CEO Elon Musk said the company faced a “severe threat of death” due to the Model 3 production ramp. In fact, Tesla was “within single-digit weeks” of dying, he told Axios on HBO.
Tesla struggled, but overcame to hit its production targets in June, and turned a profit in October for the first time since 2016.
“Essentially, the company was bleeding money like crazy and if we didn’t solve these problems over a short period of time we would die,” Musk said on the show. “It was extremely difficult.”
You may remember that Musk was sleeping at the factory during the the most severe production crunch. He called the period “extremely painful.”
“It hurts my brain and my heart,” Musk said, reflecting on the strain put on himself and workers.
“I just did it because if I didn’t do it, then [there was a] good chance Tesla would die,” Musk said.
Watch the clip below.