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Tesla’s $40M loan that kept the lights on, and what it teaches all of us
Oftentimes, many of us forget to look around and realize how fortunate we are to have what we have. In times where tensions are relatively high based on the current election, a pandemic, and a string of bad luck that we have all seemed to adopt throughout 2020, there are a few appropriate moments that allow us to look back and realize how truly grateful we should be, even when things aren’t looking very promising.
A perfect example of this came earlier this week on November 3rd. On that day, just twelve short years ago, we were reminded that Tesla secured a $40 million loan that kept the lights on and gave the small and unlikely-successful automaker a chance to succeed. It was “the last hour of the last day possible,” CEO Elon Musk said on Twitter. “We were 3 days away from bankruptcy.”
The story of Musk and Tesla’s near destruction twelve years ago puts a lot into perspective. For me, it is reminiscent of an old saying, “It ain’t over until the fat lady sings.” While comical, it is true, and it shows that anything can happen while there is still time.
Musk and Tesla were trying to build a car company in arguably the most challenging time for American auto in the country’s history. Numerous companies were seeking government assistance to keep their doors open, jobs were disappearing, and the once-roaring American economy was crippled by the Financial Crisis of 2008.
Not only was it one of the worst times financially to start a car company, but Tesla wasn’t aiming to build a run-of-the-mill gas car. It wanted to completely change the tune of what a car was in the United States. Battery-powered cars were not popular, nor were they widely accepted. They were a dream of many, but never did anyone think they would be a successful passenger transportation source shortly.
Well, everyone but Elon Musk and his team of engineers at Tesla.
Musk acknowledges the hardships of the time head-on. “Extremely difficult to raise money for an electric car startup (considered super quirky back then), while stalwarts like GM & Chrysler were going bankrupt,” he added to his chain of Tweets regarding the situation. And while he was suffering to keep Tesla’s lights on, Musk concluded that the only way would be to put the last of his money into the failing company. “I put in my last money, even though I thought we would still fail. But, it was either that or certain death for Tesla.”
Fast forward a few years to 2017. Tesla is doing well, but it’s working to ramp up the mass-production efforts of the Model 3. Finally, an EV that can fit the budgets of many people worldwide, Tesla was working to create a battery-powered car that had good performance and acceptable range ratings. But it wasn’t easy, and it almost resulted in the company going bankrupt.
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When asked about the Model 3 ramp, Musk said that Tesla was “about a month” away from going broke once again. “The Model 3 ramp was extreme stress & pain for a long time — from mid-2017 to mid-2019. Production & logistics hell,” Musk added.
A few more years forward: let’s look at 2020.
Tesla is the most valuable car company in the world. It has recorded five straight profitable quarters. It is coming off of the most deliveries and production numbers for a quarter ever. It is building more Gigafactories.
Most importantly, Tesla is influencing the automotive industry. Companies that never believed in EVs are being forced to develop them. If they don’t, they’ll inevitably fall behind.
Through all the tough times and adversity that Tesla faced, it always came through. An unlikely competitor entering a market with new technology in a time when companies were hellbent on keeping their doors open by any means necessary, Tesla somehow survived.
In times where the country is almost equally divided on who they would like to run the United States for the next four years, conflicting opinions on a global pandemic are voiced regularly, and other social issues are talked about daily, it is always important to remember stories like these. With almost a negative chance of winning, Tesla somehow pulled through on two separate occasions. Patience, hard work, and a little bit of luck took the unlikely car company from the depths of Chapter 11 to superstardom in the car industry.
If this is the only bit of positivity you read this week, I truly hope it helps you realize how grateful you should be in the grand scheme of things. Sometimes, the cards just aren’t in your favor, and you have a few downswings that make you question whether what you are doing is the right thing. The dark times certainly are tough, but without darkness, then the light would mean nothing to us.
I use this newsletter to share my thoughts on what is going on in the Tesla world. If you want to talk to me directly, you can email me or reach me on Twitter. I don’t bite, be sure to reach out!
News
Starlink Direct to Cell to boost remote businesses in Chile
Entel teams up with Starlink Direct to Cell to power SMEs & industries in Chile’s remote regions. Remote businesses get a major tech upgrade.

Entel will provide Starlink Direct to Cell services to businesses in Chile and Peru, boosting connectivity in underserved regions.
Entel is Chile’s leading telecommunications provider. Its strategic collaboration leverages Starlink’s Direct to Cell service by offering advanced internet solutions to small and medium-sized enterprises (SMEs) and large corporations.
The partnership targets industries like mining, agriculture, and forestry, which often face connectivity challenges in remote areas. By tapping into Starlink’s low-latency satellite constellation, Entel aims to bridge these gaps, driving innovation and competitiveness.
The collaboration with Entel follows Starlink’s April expansion in Brazil, where its internet was integrated into John Deere’s agricultural equipment. Through its mobile app, Starlink provided Brazilian farmers with live video feeds, sensor data, and real-time sharing.
Entel’s Starlink Direct to Cell service includes value-added features such as 24/7 network monitoring, proactive management, and dedicated technical support. An observability feature will allow businesses to track real-time connectivity performance through web or mobile applications, enhancing operational efficiency.
The service’s accessibility to SMEs is a key focus. Starlink Direct to Cell is expected to empower small businesses to engage in e-commerce, improve customer communication, and expand digital operations.
Starlink’s Direct to Cell expansion into Peru underscores Entel’s regional ambitions, positioning it as a leader in Latin America’s business connectivity landscape. While details of the Peruvian rollout remain forthcoming, the move aligns with the region’s post-COVID-19 economic recovery. Reliable internet is critical for businesses to adopt cloud-based technologies and access global markets.
Starlink’s growing influence in Latin America highlights its role in transforming connectivity for underserved areas. Entel’s partnership strengthens its portfolio and helps businesses navigate a digital economy. As industries in Chile and Peru leverage Starlink’s capabilities, the collaboration could set a precedent for regional telecom providers, fostering innovation and economic growth across diverse sectors.
Elon Musk
Bill Gates estimates DOGE cuts will cost children’s lives, Elon Musk responds
Musk responded with choice words towards Gates.

During a recent interview with the New York Times, Microsoft cofounder Bill Gates shared a lot of criticism towards Tesla CEO Elon Musk and his work with the Trump administration’s Department of Government Efficiency (DOGE). Musk, for his part, responded with choice words towards Gates.
Bill Gates on DOGE
In his NYT interview, Gates lamented the fact that funding has been cut for programs that are supposed to help children abroad. Referencing the DOGE cuts made to the money going to Gaza Province in Mozambique, Gates stated that the people doing the cutting are not the most knowledgeable.
“They cut the money to Gaza Province in Mozambique. That is really for drugs, so mothers don’t give their babies H.I.V. But the people doing the cutting are so geographically illiterate, they think it’s Gaza and condoms. Will they go meet those babies who got H.I.V. because that money was cut? Probably not,” Gates noted, adding that there will be “millions of additional deaths of kids” because of the cuts.
The Microsoft cofounder also admitted that he was surprised at the cuts that the Trump administration has implemented through the guidance of DOGE. As per Gates, he expected U.S.A.I.D. to receive a cut of about 20%, but the administration cut far more. “The reductions to U.S.A.I.D. are stunning. I thought there’d be, like, a 20% cut. Instead, right now, it’s like an 80% cut. And yes, I did not expect that,” he said.
Gates and Musk
Considering the nature of the interview, it was no surprise that Elon Musk himself was brought up as a topic. When the Times noted that Musk was not giving much away to the needs of the world’s poor, Gates stated that the Tesla CEO was ultimately the one who pushed for the cuts on U.S.A.I.D.’s budget. These cuts, Gates argued, effectively involve Musk in the deaths of the world’s poorest children.
“Well, he’s the one who cut the U.S.A.I.D. budget. He put it in the wood chipper, because he didn’t go to a party that weekend… the world’s richest man has been involved in the deaths of the world’s poorest children,” Gates stated. Musk, in response, stated in a post on social media platform X that “Gates is a huge liar.”
Musk and Gates have not really gotten along, thanks in no small part to the Microsoft co-founder putting a $500 million short bet against Tesla. In Walter Isaacson’s Elon Musk biography, Gates stated that he was shocked that Elon Musk was super mean to him after the Tesla CEO found out that he shorted Tesla. “Once he heard I’d shorted the stock, he was super mean to me, but he’s super mean to so many people, so you can’t take it too personally,” Gates noted.
News
Tesla Full Self-Driving changes your perception of travel — long or short
Tesla Full Self-Driving will ruin controlling your vehicle manually.

Tesla does not tell you what Full Self-Driving will do to your perception of travel. Whether your next trip is a two-minute ride up the street to the grocery store or a 1,500-mile trip across multiple states, you’ll never look at driving the same way.
This past weekend, I was lucky enough to have a new Tesla Model Y for the weekend. Equipped with the company’s Hardware 4 computer, the latest software version, and all of the new Model Y’s improvements from the legacy iteration, I knew much of my weekend would be spent testing FSD, as I have never had an extended experience with it.
By the time the weekend was over and it was time to pick up my non-Tesla car, I realized I was not ready to let go. Having the car drive me around from location to location all weekend was something I truly enjoyed, but it was more than just a convenience thing. I felt impressed, relaxed, and even, in some instances, safer.
🚨 The final leg of our trip here: FSD did a great job of navigating through this parking lot and getting us onto a highway with a very short on-ramp (a very typical part of living and driving in Pennsylvania).
Also, Autopark did a great job! I would like to see it improve by… pic.twitter.com/OBefKZKDCo
— TESLARATI (@Teslarati) May 5, 2025
What Tesla Full Self-Driving Did Well
Now, before I truly begin, I do want to say that I don’t think I’ll ever feel safer than when I’m in ultimate control of the vehicle. However, a lot of things that give me stress during a drive were handled with relative ease by the car — and I was happy I didn’t have to deal with it.
One instance was merging onto a busy highway with a very short merge lane. Full Self-Driving took a no-holds-barred approach, taking the space it was given and grabbing a spot in the right lane quickly.
It was not willing to be passive, but it was also not willing to sacrifice safety. It will not wait for others to pull the trigger and go at intersections or four-way stops. If there are a few seconds of stagnation from the car and another driver in that instance, it will go, of course, proceeding safely.
It even did a handful of things I didn’t expect it to do. It would stay in the right lane if multiple on-ramps were approaching. I took it on a stretch of highway where three on-ramps are all within a mile of one another.
It passed a tractor-trailer just before we made it to the first of those three on-ramps. It stayed in that left lane after overtaking the 18-wheeler, as Driver Visualization showed more cars approaching to merge. It was one of those moments that, even though I have written about this topic for several years, was unbelievably impressive.
It not only drives people safely, but it is also considerate of other drivers, which is very impressive.
I was incredibly surprised to see my Fiancè have so much ease when it was operating.
🚨 Tesla Full Self-Driving takes my Fiancé and I to Target
Flawless drive! We’ll document the rest of our errands today! pic.twitter.com/TAx3mWmVgh
— TESLARATI (@Teslarati) May 4, 2025
I figured, just because she is not as familiar with what Tesla does to make FSD better and how it works, that she would be very on edge during our rides. This was the opposite. She felt comfortable enough to look away from the road while in the passenger seat. Scrolling her phone or looking out at the blooming flowers was what she did in the car. It was no different from when I’m driving, and I think that was what was most impressive to me.
Driving after FSD
I found that picking up my car and driving manually back home truly brought me back to real life. Everyone with a Tesla and Full Self-Driving says that when you go back to another car, you feel like you’re stuck in the past.
I really did feel that way. Not only because of the aesthetic of the interior, but just because I was doing something that I just realized could be done for me with the right vehicle.
🚨 100% the truth!
Once you go FSD, you never go back! https://t.co/uq7qkgAbtA pic.twitter.com/lUN3rT2Kkl
— TESLARATI (@Teslarati) May 8, 2025
While I love the car I own now, I’m still deciding whether I love it enough to keep it. To be completely honest, I have hopped around with the idea of trading in my car for the new Model Y. Whether I will or not truly depends on the next few weeks and how I feel, but I know that I will be considering it for the next few months easily.
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