Elon Musk confessed Tesla bankruptcy month away when they promised to increase production of the Model 3 - Tesla CEO Elon Musk has acknowledged on his Twitter account that the electric vehicle company was just "a month" away from filing for bankruptcy. It happened between mid-2017 and mid-2019, when the company was going through, in Musk's words, "a production and logistics hell."

At that time, the firm was at the limit when they had to increase production of their Tesla Model 3. That the company was already about to break down was already known: Musk himself acknowledged it in an interview with Axios 2 years ago. He then detailed that he had been only "a few weeks" from bankruptcy, but now it is in a tweet when he has assured that he was only "a month"away.

Musk had already talked about the" logistical hell " they went through when the production of the Model 3 increased, but without detailing so much how little was missing for bankruptcy.

In his interview with Axios two years ago the controversial CEO of the company said that the company was "bleeding crazy" and that he was forced to work seven days a week in various areas of production. "I worked in the paint shop, in the general Assembly or in the body division," he explained.

At the beginning of 2019, CNBC recalls, Tesla was producing less than 63,000 Model 3s per quarter. Musk defended at an event that the company would be able to meet the expectations and demand of the automotive market and later concretized it alluding to solve it with the cash flow that the company had.

Elon Musk confessed Tesla bankruptcy month away

The hardest moment took place in early 2018, when the firm did not stop "burning money". They came to present a negative balance in free cash flow of about 1,000 million dollars, the information then collected. The decision to increase production was "hell" for Musk, strained the balance of the firm and also the workers. The CEO went on to explain in Axios that"people should not work so hard."

Gone are those difficult moments. Last week the firm announced that they had recorded their most profitable quarter in history, with revenues close to 7.400 million euros.

However, he did not seem to learn the lesson. Musk maintains the goal of Tesla delivering 500,000 vehicles by the end of 2020. By the third quarter, it had delivered only 318,000.

Elon Musk confessed Tesla bankruptcy month away


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Covid-19 over-reporting events have played a bigger role than previously thought: 20% of those infected are responsible for 80% of transmissions

Supercontacting events— those in which many people end up infected with coronavirus from a single or a few-have been observed since the pandemic began, but their role in the spread of the disease could be even greater than had been estimated.

This is assured by a study published in Proceedings of the National Academy of Sciences and led by MIT researcher Felix Wong

Wong has analyzed about 60 supercontagator events and reveals that situations in which one person infects more than six other people are much more common than would be expected if only the statistical distributions commonly used in epidemiology were taken into account.

The researchers explain that statistics have determined that one person infects on average three other people, which states that the possibility of events in which dozens of people end up being infected is minimal.

However, the MIT team has developed its own mathematical model and assures that this is not the case with coronavirus supercontagator events.

"These overpropagation events, with between 10 and 100 people infected, are more common than we had anticipated," Wong says.

For the authors, a logical conclusion is that limiting meetings to less than 10 people is a measure that could slow the spread of the pandemic.

20% of those infected are responsible for 80% of transmissions

The impact of supercontactors has been studied since the pandemic began. A study by the UK's Centre for Mathematical Modelling of Infectious Diseases estimates that 20% of those infected are responsible for 80% of transmissions.

In fact, the conclusions reached by the MIT team on the role played by supercontagiers are in line with those drawn from research by the University of Santiago de Compostela (USC) and the University Hospital of that city (SERGAS).

Spanish scientists have published the preliminary results of an investigation that concludes that these supercontactors are behind the majority of COVID-19 cases in Spain and around the world.

Even so, it is still unknown what are the characteristics that make it easier for a person to spread the virus to more people.

At the time it was thought that children acted as supercontactors in the pandemic, but the theory has been ruled out by several studies and, in fact, it seems that in certain age groups they have even less chance of transmitting it.

However, it seems that the environment in which these people find themselves is above all essential. “There are a number of factors that are amplifiers, this means that they greatly increase the likelihood of transmission: closed environments, large numbers of people around and continuous contact,” explains Iñaki Comas, researcher at the Institute of Biomedicine of Valencia (CSIC) and member of the Interdisciplinary thematic platform Global Health/Global Health a Muy Interesante.


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