Elon Musk: SpaceX and Tesla alive 'by skin of their teeth'

Elon Musk: SpaceX and Tesla alive 'by skin of their teeth'
 

Elon Musk says his companies SpaceX and Tesla are both still alive only "by the skin of their teeth".
The entrepreneur told an audience at the South by South West (SXSW) conference that both companies almost went bankrupt in 2008.
"I gave both SpaceX and Tesla a probability of less than 10% likely to succeed," he said during a Q&A session.
"At the beginning in 2002, I wouldn't even let my own friends invest as I didn't want to lose their money."
Mr Musk said he made $180m (£130m) when PayPal was acquired by eBay in 2002, and he initially put $90m into... read more

 
11 March 2018 in Business, Views: 177
Source: BBC
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