Musk recalls billionaire who once said Tesla would fail

Now, after a decade, Tesla is one of the world's top automakers, and Musk is one of the world's richest people.

San Francisco: Elon Musk has revealed that billionaire investor and Vice President of Berkshire Hathaway Charlie Munger once told him that Tesla would fail.

On Wednesday, the 98-year-old investor said cryptocurrencies should have been banned and likened it to “venereal disease”.

Responding to his comments, Musk, a crypto supporter, recalled the time when Munger said Tesla could fail.

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“I was at lunch with Munger in 2009 where he told the whole table all the ways Tesla would fail,” said Elon Musk in a reply tweet.

“Made me quite sad, but I told him I agreed with all those reasons & that we would probably die, but it was worth trying anyway,” he added further.

Now, after a decade, Tesla is one of the world’s top automakers, and Musk is one of the world’s richest people.

Musk recently said that 2021 was a breakthrough year for Tesla and for electric vehicles in general, as the EV maker ended last year with $5.5 billion in net income, compared to $721 million in 2020.

Tesla produced 305,840 vehicles in the fourth quarter, a 70 per cent increase over the previous year.

In 2021, the company delivered 936,172 vehicles, just short of the promised 1 million vehicles but still an increase of 87 per cent over the previous year.

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