Question
Elon Musk overcame the challenges of designing and building a car from the ground up by leveraging his financial resources and technical know-how. He was aware of the challenges, as the last successful car startup was Chrysler in 1925. Despite the difficulties, Musk was determined to transform the way cars are made and sold. He built a worldwide fuel distribution network and used his resources to produce cars by the thousands. His innovative approach and perseverance were key to his success.
This question was asked on:
With Tesla Motors, Musk has tried to transform the way cars are made and sold, as he built out a worldwide fuel distribution network worldwide. When Musk started up Tesla, he was well aware that Chrysler was the last successful startup in the U.S., founded in 1925. To design and build a car from the ground up is wrought with challenges, but the ability to get money and know-how to build cars by the thousands is what stunted efforts to get any new company going.
Receive new free presentations every Monday to your inbox.
Full content, complete versions — No credit card required.
