Musk also said that Tesla should not be compared to major US carmakers and that its market capitalization, now more than $50bn, is unwarranted. "I do believe this market cap is higher than we have any right to deserve," he said, pointing out his company produces just 1% of GM’s total output.
"We’re a money losing company," Musk added. "This is not some situation where, for example, we are just greedy capitalists who decided to skimp on safety in order to have more profits and dividends and that kind of thing. It’s just a question of how much money we lose. And how do we survive? How do we not die and have everyone lose their jobs?"
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"I’ve seen people pass out, hit the floor like a pancake and smash their face open," said Jonathan Galescu, a production technician at Tesla. "They just send us to work around him while he’s still laying on the floor."
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“From what I’ve gathered, Elon Musk started Tesla kind of like an app startup, and didn’t realize that it isn’t just nerds at a computer desk typing,” said one production worker, one of several who asked not to be identified by name. “You really start losing the startup feel when you have thousands of people doing physical labor.”
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