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Just before Christmas in 2008
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Tech Billionaires: Elon Musk

Just beforeChristmas in 2008, Tesla was two daysaway from bankruptcy

Just before
Christmas in 2008, Tesla was two days
away from bankruptcy

Full Transcript

00:00:01.000 --> 00:00:03.303
Just before Christmas in 2008,
00:00:03.336 --> 00:00:07.074
Tesla was two days away from bankruptcy.
Duration
7 seconds
Views
44
Timestamp in Movie
00:27:38
Uploaded
May 24, 2025
Genres
documentary, biography
Production
Entertain Me Productions

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Movie Summary

"Our generation has seen incredible advancements in technology. For that, we can thank one of the most successful, influential and notorious entrepreneur of the 21st century. Elon Musk, the mind behind PayPal, founder of Tesla, an...
Both Tesla and SpaceX had about 10% chances of surviving. - Tech Billionaires: Elon Musk 00:05
Both Tesla and SpaceX had about 10% chances of surviving.
The bank funding their leases also pulled out of the deal. - Tech Billionaires: Elon Musk 00:04
The bank funding their leases also pulled out of the deal.
This year was also the year his marriage with Justine ended. - Tech Billionaires: Elon Musk 00:05
This year was also the year his marriage with Justine ended.
He was going through a very difficult period - Tech Billionaires: Elon Musk 00:10
He was going through a very difficult period
However, as Tesla was on the verge of bankruptcy, - Tech Billionaires: Elon Musk 00:09
However, as Tesla was on the verge of bankruptcy,
Fighting for it to the end and risking everything, - Tech Billionaires: Elon Musk 00:09
Fighting for it to the end and risking everything,
In September of that year, Musk was finally successful - Tech Billionaires: Elon Musk 00:09
In September of that year, Musk was finally successful
And a few days before Christmas, a miracle happened. - Tech Billionaires: Elon Musk 00:04
And a few days before Christmas, a miracle happened.
NASA called and awarded SpaceX - Tech Billionaires: Elon Musk 00:11
NASA called and awarded SpaceX
This human spaceflight is the reason - Tech Billionaires: Elon Musk 00:12
This human spaceflight is the reason
What the National Space Agency would like to do, - Tech Billionaires: Elon Musk 00:10
What the National Space Agency would like to do,
We, as an agency, we want to go to Mars and even beyond. - Tech Billionaires: Elon Musk 00:04
We, as an agency, we want to go to Mars and even beyond.
And of course we're very excited - Tech Billionaires: Elon Musk 00:12
And of course we're very excited
In 2010, he took Tesla public - Tech Billionaires: Elon Musk 00:06
In 2010, he took Tesla public
Not everyone was as upbeat about the company's future. - Tech Billionaires: Elon Musk 00:05
Not everyone was as upbeat about the company's future.
In fact, it was voted by Wall Street - Tech Billionaires: Elon Musk 00:09
In fact, it was voted by Wall Street
Even Musk started Tesla and SpaceX in mind - Tech Billionaires: Elon Musk 00:11
Even Musk started Tesla and SpaceX in mind
Well, the reason that I'm doing it, - Tech Billionaires: Elon Musk 00:12
Well, the reason that I'm doing it,
We're not doing this because we thought it was, like, - Tech Billionaires: Elon Musk 00:06
We're not doing this because we thought it was, like,
Like I said, we felt, I felt maybe 10% chance of success - Tech Billionaires: Elon Musk 00:05
Like I said, we felt, I felt maybe 10% chance of success