Elon Musk Reportedly Would Accept Tesla’s Bankruptcy If Competitors Build A Better Car – SlashGear

As sensational as the claim may be, Musk won’t be happy if the company that made him the richest man on earth goes bust, and nothing fills the void it will no doubt leave. The tech billionaire would, at the very least, need a product on par with the vehicles Tesla produces to replace it. This is according to Tesla board member Hiromichi Mizuno, who told CNBC: “I disagree whenever Elon says I don’t mind Tesla getting into bankruptcy if somebody else comes up with a better car.”

Musk has previously revealed the company has flirted with bankruptcy on several occasions, including once a decade ago which resulted in him almost selling the company to Apple. It nearly happened again during the coronavirus pandemic when the company’s supply chain was strained to breaking point. 

There’s also a large question mark over what the Tesla CEO would consider “a better car.” Musk has a very long history of heaping praise on his own company’s products, while dismissing the output of his rivals. The odds of another company producing a car that Musk openly acknowledges is “better” than anything Tesla has produced seems about as slim as a company the size of Tesla going pop in the first place.