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Tesla reveals 2018 financial downfall pertaining Model 3 production

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Tesla reveals 2018 financial downfall pertaining Model 3 production

After Tesla burnt through a huge amount of capital investment in the last few years, the company finally managed to strike some profit in 2018 September quarter. This figure on its own wasn’t substantial enough. When this dust settled from the capital loss, the company saw a net income of $312 Million.

This feat accomplished by Tesla was something many top rankers from the automotive industry claimed an impossible task. Interestingly, during the early half of the year, the company was completely set to lose it. During the interview conducted with Axios, Elon Musk, CEO of Tesla stated that the company was pitching in its finances in an effort to boost the production of its Model 3 vehicles. The company was plagued with various production issues when it boiled down to Model 3. This situation was actually traced back all the way to the company’s uncalculated reliance on the automation system.

Musk also mentioned that at a certain point of time, the company was on the brink of death while the engineers toiled trying to boost the production. The company was stripping money at a substantial rate. To reverse this dropdown, Musk and his team worked for hours on the run. The CEO also mentioned that he worked hard for 120 hours per week.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

Suhail Nurmohamed attributes his remarkable success story to “self-belief”

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Online entrepreneur extraordinaire, Suhail Nurmohamed, highlights “self-belief” as his major secret to success

Suhail Nurmohamed is an entrepreneur that has leveraged the power of the internet to rise above imaginable heights in the world of business. As an entrepreneur, the online businessman and business coach went through several challenges to attain his current status. In a recent interview, the online business magnate described “self-belief” as the factor that has fueled his success as an entrepreneur and individual as a whole.

“My secret to success is that I have been very disciplined and showed up even when I didn’t feel like I wanted to. Self-belief is my greatest secret to success. Thousands could believe in you but if you do not believe in yourself it means nothing,” said Suhail Nurmohamed.

The business environment is highly competitive and dynamic, to say the least, with companies of different sizes across different industries jostling for their share of the pie. Several research works have substantiated this claim, revealing that a relatively low percentage of businesses make it past their first year, and even more startups fail to make it to their fifth anniversary. Unfortunately, more people often start their entrepreneurial journey without having a full grasp of what it takes to successfully run a business. This is one of the major factors that lead to the failure of enterprises, particularly with many of the available resources offering seemingly abstract tips to aspiring entrepreneurs. One individual that has defied all the odds to break through the intense competition as a businessman is Suhail Nurmohamed.

Suhail did not have the best of beginnings, with his father having to work 3 to 4 jobs to keep the family moving after his mum was diagnosed with Multiple Sclerosis and was unable to work. However, this rather unfortunate situation only motivated Suhail to push harder. The struggles of his family and not enjoying the basic things of life seem to have helped in molding as he started his entrepreneurial journey at a very early age, getting into the labor market at 16.

At 16, Suhail was already selling packaged sweets he bought from the local corner shop and was beginning to make good money selling to all the students at school. Suhail showed his discipline and tenacity to pursue every cause he set out to, at a very young age and this has helped him as an entrepreneur.

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