Tesla Was Started Not To Make Money- Elon Musk

In a series of Tweets, real life Iron Man, Elon Musk revealed his main reasons behind starting the energy storage company and solar panel manufacturing company, Tesla.

In his Tweets, he revealed Tesla was started after General Motors forcibly recalled all the electric cars from customers in 2003 to be crushed in a junkyard. He went on to say how GM recalled all the cars against the will of the owners who also held a candlelight vigil all night to protest the death of their cars. He explained, creating a company specifically for electric vehicles was the only way to have electric cars as big companies were all killing their electric vehicle programs.

Musk also revealed that making money and government incentives played no part in his decision whereas there was a 90% probability of losing all of the money invested. His reveal comes after Tesla officially joined the Fortune 500 list with a revenue of $7 billion with a 73% spike in sales since last year.

Elon Musk has always been an advocate for environment friendly campaigns. He recently quit his role as the adviser to US President Donald Trump after the President’s decision to leave the Paris Climate Accords.

 Apart from Tesla, Elon Musk is also the CEO of SpaceX a private sector rocket company that carries satellites into orbit.