In December 2008, both Tesla and SpaceX were very close to going bankrupt. Tesla was hit hard by the 2008 financial crisis. The company almost ran out of money and struggled to pay its employees. In May 2009, Tesla was saved when Daimler (now Mercedes-Benz) invested $50 million and bought 10% of the company. Elon Musk’s determination and willingness to risk everything helped Tesla survive this difficult time. Subtitles by @scriptivox —- Curating wisdom from world's best founders and showing the
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How the man who challenged Tesla went bankrupt
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