Press "Enter" to skip to content

Elon Musk mocks Bill Gates after learning he is shorting Tesla stock


Last week Tesla beat all Q1 expectations and set record revenue and earnings figures at a time when every major automaker in the world is seeing a double digit sales slump. Tesla had $17 billion in cash, essentially no debt and Elon Musk predicted 2022 would end with 50-60% overall growth in car deliveries despite all of the disruptions associated with the pandemic. He also said he believed that level of growth would continue for several years to come. If it does, Tesla will be one of the largest automakers in the world in just a few years.

But it was not always that way. Back in 2018, Tesla came very close to going bankrupt because it could not get the Model 3 production line to work. Musk spent quite a while sleeping in a conference room on factory floor because he knew that if he didn’t solve the production line problem his company was done.