31 Mar '14, 1am

Elon Musk on founding Tesla: "I thought we would most likely fail."

Elon Musk on founding Tesla: "I thought we would most likely fail."

Six years ago, Elon Musk was on the verge of losing most of his fortune. His rocket venture, SpaceX, had already experienced three failed launches. Meanwhile, Tesla was losing money fast -- and it was almost impossible to convince investors to pour money into an electric vehicle startup during the 2008 financial crisis. Musk was one setback away from becoming broke. "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," said Musk, speaking to 60 Minutes reporter Scott Pelley. Musk appeared on 60 Minutes Sunday evening to talk about his experience building two ambitious startups simultaneously. Although he is now held up as a model for entrepreneurial disruption, Musk...

Full article: http://www.greentechmedia.com/articles/read/elon-musk-on-...

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