Building what many call two of the most “impossible businesses” in the world was not an easy task, the mind behind SpaceEx and Tesla Motors told CBS’ 60 Minutes in an interview that aired on Sunday.
Elon Musk was very close to losing all his money almost five years ago.
Just to give you an idea about the enormity of the two tech-y names mentioned above, Tesla is the company that has manufactured theworld's first premium electric sedan while SpaceX is the first startup to send a spaceship into orbit and retrieve it successfully.
However, all of it was something Musk thought would not be possible – at least not a few years ago.
“I didn’t really think Tesla was going to be successful, I thought we would most likely fail," he said.
"But I thought that we’d at least address the false perception that people had that an electric car had to be ugly and slow and boring like a golf cart.”
It’s a little shocking to learn that a man whose projects are now included among the most spectacular tech ventures of the past decade nearly lost all his fortune in 2008.
His initial attempts at sending rockets failed to reach orbit and one of the first Tesla cars had major quality issues. All the money was gone and investors were nowhere to be found.
Larry Page proposes philanthropic giving to corporations rather than non-profits. Interesting idea. Donate to Elon Musk to get to Mars?— Jim Scheinman (@jimscheinman) March 19, 2014
“I remember waking up the Sunday before Christmas in 2008, and thinking to myself, 'Man, I never thought I was someone who could ever be capable of a nervous breakdown,' but I felt, 'This is the closest I've ever come.' 'Cause it-- it seemed pretty-- pretty dark," Musk told Pelley.
So, how exactly did Musk recover from the worst period of his entrepreneurship?
Watch the video above to find out.
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