Tesla vs Detroit | Accelerate Faster | 1

Business Wars

Wondery

History, Business, David Brown, Management

4.6 • 13.2K Ratings

🗓️ 6 April 2022

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

While the U.S. government pushed automakers to make low-emission vehicles in the 1990s, consumers loved their gas-guzzling trucks and SUVs. But in 2003, Elon Musk's Tesla Motors arrives with environmentally friendly, high-performance cars that people actually want.

Motor City smirks as Musk pilots Tesla through crushing financial crises, spectacular quality control disasters and his own shocking public displays of bad behavior. But his pricey cars are catching on. Detroit is taking notice. Musk and Tesla are on a path of disruption that will change the industry and put EVs on the map.

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Transcript

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0:00.0	Hey, prime members, you can listen to Business Wars Add Free on Amazon Music.
0:04.6	Download the app today.
0:07.0	Join Wondery Plus and Apple Podcasts or the Wondery app to listen to Business Wars early
0:12.0	and add free.
0:13.8	It's November 2008 at an upscaled stay-couse in Beverly Hills, California.
0:28.6	Elon Musk is in trouble.
0:32.3	He's meeting with his trusted confidante and investor, Jason Callacanis.
0:36.1	How you doing, Elon?
0:38.1	I've been better, Jason.
0:41.5	Musk's trifecta of companies is in catastrophic financial crisis, SpaceX, Solar City, and his
0:48.8	five-year-old electric car startup Tesla are close to going under.
0:53.9	To keep his empire alive, Musk burned through investor funds and virtually every penny
0:59.2	of the millions he made from selling PayPal.
1:02.6	It's bad.
1:03.6	Very bad.
1:06.2	But it turns out things could get worse.
1:09.8	The housing market tanked a few months ago, and the country is in a major recession.
1:15.6	As Callacanis reaches for a breadstick, he cuts to the chase.
1:20.0	I read somewhere that Tesla has about a month of funding left.
1:23.5	Is that true?
1:25.4	Musk slowly shakes his head.
1:27.8	No, Jason.
	...

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