Steve Jurvetson
@FutureJurvetson · Nov 3, 2020
The loan and financing round you reference are the same (it was a convertible note to the next round). Elon led the financing in late 2008, in the company's darkest hour. Elon's commitment to do it all himself if need be flipped investor sentiment from fear, and it saved Tesla.
Elon Musk
@elonmusk
Super appreciate your support, Steve! That convertible loan gave us 6 months of runway. Fortunately, Daimler invested $50M in May 2009, 5 months later.
03:03 PM · November 3, 2020 · 0 views
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