Elon Musk and Tesla: On the verge of bankruptcy


Work well, plant 500 trees!  do the workwelt more humane and ecological and donate - Certified - Income for afforestation. When Book publisher Best of HR – Berufebilder.de® with a unique Book Concept, on Demand eCourses and News Service we share 15 years of Experience with our Customers (Samsung, Otto, State Institutions) continue. Of the Top 20-Blogger Simone Janson, referenced in ARD, ZEIT, WORLD, Wikipedia .
Text comes from: Elon Musk: Wie Elon Musk die Welt verändert – Die Biografie (2015) of Ashlee Vance, published by Münchener Verlagsgruppe (MVG), Reprints by friendly permission of the publisher.
Copyright:  Artwork created as part of a free collaboration with Shutterstock. ,

In the personnel costs Tesla had saved pretty cleverly - not so in technique and material. This soon avenged.

tesla elon-musk-bankrupt

Here writes for you:

 

Ashlee Vance vanceAshlee Vance is a journalist for New York Times and CNN.

  Profile

From the author:

Read


Read


Read


Saving and spending money

Instead of seasoned engineers, who probably would not have worked hard enough for 120.000 dollars a year, that did Company fresh Stanford grads for 45.000 dollars.

In terms of technology and material, however, Tesla was frighteningly spendy. No one liked the internal software to capture the material bills, so some people used them and some did not - and those who did it often made serious mistakes.

Costs poorly calibrated

Sometimes they simply took the cost of parts for the prototypes and estimated how much cheaper they would be if they were bought in bulk instead of obtaining specific offers for them.

Tip: Text as PDF (please read the instructions!) Download or for a little more Book on the topic with discount or eCourse book. Actions or news via Newsletter!

Once the software explained, every roadster would cost 68.000 dollars, which would have meant a profit of around 30.000 dollars apiece for Tesla. Everyone knew this number was wrong, but it was still passed on board. About the middle of 2007, Watkins turned his observations to Musk.

He was prepared for bad numbers, but confident that costs would decrease significantly over time through optimization of the production process and increasing sales. "Then Tim had seriously bad news for me," he says. It looked like each roadster would cost up to $ 200.000 to produce - and Tesla wanted to sell it for only around $ 85.000. "Even at full production volume it would have been about $ 170.000 or something insane," says Musk. "Of course it wasn't that important because every third car just fucking didn't work anyway."

The deposition of the CEO

Eberhard and Musk had been discussing some design questions for the car for years, but overall, they had got along very well. Neither of them could stand stupid people, and they certainly shared many visions of battery technology and their importance to the world. However, the costs of the roadster determined by Watkins were too much for their relationship.

For Musk, it looked as if Eberhard had made serious management mistakes by raising the cost of the parts so high. Then, in Musk's eyes, he had tried to conceal the difficult situation in front of the board, which was in principle fraud against the company. On the way to a speech before the Motor Press Guild in Los Angeles, Eberhard received a call from Musk. In a brief, unsuccessful conversation he learned that he would be replaced as CEO.

In August 2007, the Tesla board removed Eberhard as CEO and made him president of technology, which only exacerbated the problems. "Martin was so bitter and annoying," says Straubel. "I remember how he walked around the office and spread dissatisfaction while we were trying to get the car ready, the money was running out and everything was on a knife edge." In Eberhard's eyes, other people at Tesla had accused him of weak financial software that made it difficult to pinpoint the costs.

Tip: Text as PDF (please read the instructions!) Download or for a little more Book on the topic with discount or eCourse book. Actions or news via Newsletter!

The problems are increasing

He also believed that Watkins made the situation worse than it actually was. Startups in Silicon Valley see chaos as a normal mode of operation. “Valor was more used to older companies,” says Eberhard. “They found a mess and couldn't do anything with it. But it was just typical start-up chaos. " Apart from that, Eberhard had already asked the board to replace him as CEO and to find someone with more production experience.

While the year 2007 passed, the problems accumulated at Tesla. The carbon fiber body, which was so nice to look at, proved to be immensely difficult to paint. And Tesla had to try several companies to find one that did this job well. Sometimes there were mistakes in the battery packs and in the engine occasional shorts.

There were visible gaps between the body panels. The company also had to accept the reality that there would be no two-speed gearbox. In order to allow the Roadster to accelerate quickly enough from 0 to 100, the engineers had to redesign the motor and inverter and save some weight. "We basically had to do a complete restart," says Musk, "it was terrible."


More knowledge - PDF download, eCourse on demand or personal advice


Offline download: Download this text as PDF -  Read usage rights, Because we do not automatically submit the title of this text for privacy reasons: When buying in "interests" the title register if support is needed. After buying text exclusively Download at this URL (please save). Or for a little more directly an entire book or eCourse with this text buy, read on.

3,99 Book now



Your eCourse on Demand: Choose your personal eCourse on this or another desired topic, As a PDF download. Up to 30 lessons with each 4 learning task + final lesson. Please enter the title under "interests". Alternatively, we are happy to put together your course for you or offer you a personal regular eMailCourse including supervision and certificate - all further information!

19,99 Book now


Consultant packages: You want to increase your reach or address applicants as an employer? For these and other topics we offer special Consultant packages (overview) - For example, a personal phone call (price is per hour).

179,99 Book now



You want to comment here? Please the Debate Rules comply, contributions must be unlocked. Your eMailAddress remains secret. More information on the use of your data and how you can counter this can be found in our Privacy Policy.

  1. To follow debate on this post
  2. All debates follow
  1. Each

    Elon Musk & Tesla – Teil 8: Am Rand der Pleite – - Exciting contributionF7a4BGFU7J #GoogleAlerts

  2. firm-job

    Elon Musk & Tesla – Teil 8: Am Rand der Pleite: Bei den Personalkosten hatte Tesla recht geschickt gespart – n… - Exciting contributiongJIdzkUdO2

  3. REGIS GMBH

    Elon Musk & Tesla – Teil 8: Am Rand der Pleite via B E R U F E B I L D E R - Exciting contributionfoOEYk8knw

  4. Thomas Eggert

    Elon Musk & Tesla – Teil 8: Am Rand der Pleite via B E R U F E B I L D E R - Exciting contributionKKFRJUfSKB

Post a Comment

Your email address will not be published. Required fields are marked with * .

Ja, I would like to be informed about the latest promotions and offers via Newsletter be informed.

I hereby accept the Debate Rules and the Privacy policy with the possibility to contradict the use of my data at any time.