Key Words: Tesla was weeks from dying earlier this year, Elon Musk says

Tesla Inc. was “bleeding money like crazy” during its Model 3 production ramp-up and almost went under earlier this year, Elon Musk said Sunday.

In an interview aired Sunday night on “Axios on HBO,” Tesla’s chief executive said the electric-car company was “within single-digit weeks” of dying.

“Tesla really faced a severe threat of death due to the Model 3 production ramp.”

Elon Musk

“Essentially, the company was bleeding money like crazy, and if we didn’t solve these problems in a very short period of time, we would die. And it was extremely difficult to solve them,” Musk said.

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