Donald J Trump Posts TruthSocial|Jul 21, 2026 10:24
A company that came within hours of missing payroll became one of the most valuable in the world. 👏
As SpaceX stock hits its lows, let's look back at Tesla's journey. One thing history teaches us is never to bet against Elon Musk.
On December 24th, 2008, Tesla's bank account was about to hit zero. Payroll was two days away. If the financing didn't close that exact afternoon, the company was finished.
Then the global financial crisis hit. Musk's other company, SpaceX, was in just as much trouble, its rocket had failed to reach orbit three times in a row. 😯
Musk had already poured nearly all his money from selling PayPal into both companies.
In September 2008, on its fourth attempt, SpaceX's rocket finally reached orbit.🚀
But Tesla still needed its own miracle, and time was almost out. Musk put in the last twenty million dollars he had to his name, matched by other investors, and called in every favor he had.(Donald J Trump Posts TruthSocial)
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