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Viral: A 2008 Video Of Elon Musk. He Was Broke, Tesla Was Losing Money

A 13-year-old video in which Elon Musk discusses why Tesla cars are so pricey has appeared online and is going viral on Twitter right now. Today, Elon Musk's Tesla is counted among the most valuable car companies in the world - but that was not always the case. Tesla was losing money in 2008 - which Mr. Musk said earlier was the "worst year" of his life.

According to Space.com, in an interview with 60 Minutes reporter Scott Pelley, the SpaceX and Tesla Motors CEO said that his Falcon 1 rocket had crashed, whilst the Tesla Roadster, a two-seat sports car, was rapidly losing revenue. Mr. Musk himself was in debt at the time.


"To save Tesla, Musk needed millions from investors. His fortune was gone," Mr Pelley said.


According to Space.com, in an interview with 60 Minutes reporter Scott Pelley, the SpaceX and Tesla Motors CEO said that his Falcon 1 rocket had crashed, whilst the Tesla Roadster, a two-seat sports car, was rapidly losing revenue. Mr. Musk himself was in debt at the time.

It was at the end of this year that Elon Musk, at an event hosted by The Hollywood Hill, stood in front of an audience of about 300 people from the film, television and music industries talking about Tesla's electric cars.

A video from the December 2008 event has gone viral after being shared on Twitter yesterday by Tesla Owners of Silicon Valley. "Whenever somebody buys a Tesla Roadster sports car... every penny that Tesla makes goes into the development of a smaller, lower-cost vehicle," says Mr. Musk in the video. He further countered criticism that Tesla's expensive electric vehicles are only "toys for rich people" and don't actually help the environment, explaining that it takes time to optimize new technology.





The video has racked up over 2.2 million views on the microblogging platform, along with thousands of 'likes' and retweets.

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