Tesla Inc (NASDAQ:TSLA) CEO Elon Musk on Sunday reminisced about the first quarter of 2013 when the EV company made its first profit.
What Happened: The EV maker was out of cash during the quarter, making it necessary to deliver cars to avoid an impending bankruptcy, Musk said.
“We redirected everyone who wasn't building cars to delivering cars – legal, finance, HR, designers, everyone,” Musk said on X.
“I personally delivered many cars. Tesla was out of cash, so it was a case of deliver or die. The team delivered.”
The CEO was responding to a segment of a BBC interview with Tesla’s former VP of sales George Blankenship. Blankenship said that the company was looking to deliver 4,750 cars in the first quarter of 2013 despite having delivered just 12 cars a few quarters ...