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Elon Musk to General Motors: Bring it

In an interview for CBS "60 minutes" Tesla CEO and billionaire Silicon Valley have been asked to compete with General Motors (GM), which announced last month that it is rejecting thousands of workers as the headquarters of old companies focus on self-propelled and electric cars.

Musk seemed misunderstood.

"If anyone comes and makes a better electric car than Tesla and it is much better than ours that we can not sell our cars and we go bankrupt, I still think it's a good thing for the world," said Musk Leslie Stahlova. Clips were shared online before Sunday broadcast.

"The whole point of Tesla is to speed up the arrival of electric vehicles and sustainable transport," he said. "We are trying to help the environment, we think it is the most serious problem humanity faces."

Make EVs sexy

Musk founded Tesla in 2003 after making millions of Paypal eBay sales. Its goal was to adopt the giant driving car and convince consumers that all-electric cars can be safe, reliable and sexy.

According to most accounts, he succeeded. Tesla gathered a loyal fan base luxury electric vehicles and the company is trying to get into the mass market. Her latest model, Model 3, is closest to prices starting at $ 35,000.

Tesla sells nearly 500,000 cars worldwide, which, according to Navigant Research, today accounts for about 20% of all fully electric vehicles on the road.

Older authors now play in the EV market. Nissan introduced the electrics at the end of 2010. And GM made a debut with Chevy Bolt EV two years ago.

Tesla (TSLA) dropped these cars from the United States, but some experts are asking if Tesla's government is at risk.
Volkswagen recently said it would pour $ 50 billion into an offensive electric vehicle with plans to sell millions of full-electric cars in the coming years. The company will sell luxury cars under the brands Audi and Porsche and could debut in mass markets that underestimate the price of Tesla for the price, said Volkswagen CEO Herbert Diess. The company plans to do this by improving its mass production expertise.

Tesla's way forward

The increase in production for Tesla proved difficult as it debuted on Model 3. The company suffered a monthly delay due to suspension on the assembly lines.

Actual costs alone cost millions of Tesla and the necessary solutions that will destroy some investors.

"It was life or death," said Musk Stahl. "Those who bet against the company were right according to all the usual standards that we will not succeed, but they simply do not count with this unconventional situation of creating a assembly line in the tent parking lot."

Tesla has proved that critics have failed to deal with the latest earnings report in October. The company recorded a net profit of $ 312 million, which is by far the largest profit and the first quarterly profit since 2016.
It is expected, however, that bonds worth about $ 9 billion will be due in the coming years, Goldman Sachs said in September. And Musk has recently told investors that Tesla does not intend to make more money to fund its future, although it introduces new vehicle models and opens factories in Shanghai and Europe.

"Certainly we could get the money, but I do not think we need it," the fly said in October. "And I think it's better not to discipline."

In a 60-minute talk, Musk had to raise the possibility that Tesla was expanding its track in the United States. He said that Tesla "will be interested" in the takeover of some factories GM said he would give up during the restructuring.
The current assembly site in Fremont, Calif., Also has a GM history. The plant was jointly operated by GM and Toyota before Tesla took over in 2010.

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