You can sleep when we are broke
He gave a speech in which he said we would work on Saturdays and Sundays and sleep under our desks until everything is done.
Someone spoke up and said that everyone had worked extremely hard just to get the car ready and that it was time to take a break and see his family again for a change. "I would say that if we are broke, people will have a lot of time for their families," said Elon Musk.
Around 7 clock to Apell
Musk now had staff members at 7 every Thursday morning to get the latest information on material costs.
They had to know the price of each part and have a convincing plan for future savings. If the engine cost 6500 dollars apiece at the end of December, Musk wanted to get 3800 dollars by April.
Anyone who makes grammar errors will be released
On the marketing front, Musk searched Google for articles about Tesla every day. When he found a negative report, he hired someone to "fix it" - even if Tesla's PR workers could do little to influence the reporters.
Once an employee missed a corporate event to attend the birth of his child. Musk immediately wrote him one eMailin which he explained: “This is not an excuse. I am extremely disappointed. You need to clarify what your priorities are. We change the world and history and either you are there or you are not. ”
Marketing staff, whom in eMails grammatical mistakes were made, as were others who had not done anything “fantastic” for a long time.
"He can be incredibly intimidating, but he doesn't have a good feeling for how impressive he is," says a former Tesla executive. “Before meetings we sometimes bet who he was going to be going to today. If you told him you were doing something in a certain way "because that's so common," you flew out of the room very quickly.
›I never want to hear that again. What we're up to is damn difficult and I don't tolerate half-heartedness, ”he said. He cuts people down completely, and if they survive that, he concludes that he can trust them. He must be able to see clearly that you are as crazy as you are. ” This ethos spread throughout Company and everyone quickly understood that Musk was serious.
The loss of some of the early employees was able to cope with Tesla. With its strong brand, the company continued to attract the best talent, including employees from major automakers, who knew how to overcome the last hurdles on the way to delivering the Roadster to customers.
However, the main concern of Tesla now no longer involved labor input, technology or marketing: early 2008 began to run out of money the company simply. The development of the Roadster had cost about $ 140 million dollars, much more than the first business plan for 2004 estimated. Still, Tesla was likely to have come far enough to raise capital under normal circumstances.
Shortly before the nervous breakdown
But there were no normal circumstances. The big automakers in the US came to the brink of bankruptcy in the midst of the worst financial crisis since the Great Depression. In this environment, Musk had to persuade Tesla investors to once again provide tens of millions of dollars, and these investors had to explain to their own lenders why that made sense.
Musk puts it this way: “Try to imagine how you explain that you are investing in an electric car company while reading everywhere, that the company is no good and has no chance, that there is a recession and that nobody is buying cars anymore. ” All he had to do to save Tesla was to sacrifice his entire fortune and let himself be carried to the brink of a nervous breakdown.
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