In 2008, Tesla faced a critical financial crisis that nearly led to its collapse. The global economic downturn severely restricted access to capital, leaving the company with only $9 million in cash reserves. During this challenging period, Tesla managed to sell 937 cars but still incurred a loss of $31.5 million. Elon Musk, who had already invested heavily in Tesla and SpaceX, found himself in a precarious financial position. He had to make a difficult decision: divide his remaining funds betwe

2K views | IMF MD Kristalina Georgieva said that Coronavirus will have an economic impact far greater than the 2008 financial crisis. OECD chief also reiterated the same fact that Coronavirus pandemic will impact the economy in an unprecedented ways, Gold Man Sachs predicted a decline in 1% of global GDP by 2020 | News18 | Facebook