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Welcome back, Richest fans! At this time, Tesla, previously known as Tesla Motors, is one of the leaders in the electric car industry. Under Elon Musk’s leadership, the company has gone from strength to strength. However, this wasn’t always the case. In fact, they were nearly bankrupt not once, but twice! Today, we’re going to explore how Tesla found themselves in this situation. Starting with the most recent that flew under the public’s eye and ending with their near collapse just as they started out. We’ll then examine how they managed to change their fortunes around both times and increased their company’s value to billions of dollars.
Now for the spoiler paragraph. If you like surprises, we suggest you stop reading and watch the video multiple times. Firstly, we’ll explore the most recent time that Tesla nearly went out of business. A lot of the reason comes from problems associated with the Model 3 line and the purchase of the renewable-energy company, SolarCity. The latter of which led to one of many lawsuits and cases the company faced. But also, saved them. We’ll see how a single tweet from Musk nearly contributed to Tesla’s decline when the US SEC stepped in. Next, we’ll see the facts and history of Tesla in general. And how the early days of the company nearly destroyed them before they got started. Without the investment from a number of sources, including a company involved with Mercedes-Benz, they wouldn’t be around today. Finally, we’ll briefly examine one of the most expensive electric cars coming out soon, the Aspark Owl.
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00:33 Recent Problems
02:21 Purchasing SolarCity
05:44 Beginning of Tesla
06:15 Early Near Bankruptcy”