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.