Elon Musk's 2008 video explaining why Tesla cars are expensive goes viral again

A video from 13-years-ago in which Elon Musk explains why Tesla cars are so expensive has resurfaced on Twitter and has taken the internet by storm. The clip shared by Tesla Owners of Silicon Valley shows Musk discussing electric vehicles in 2008 and explaining why they are the future. It is worth mentioning that back in 2008, which Musk has previously said was the “worst year” of his life, Tesla was losing money and was nearly out of cash. 

In the video, Musk explained, “There's an important point about Tesla that whenever somebody buys a Tesla Roadster, (which then cost 100,000$) sports car, every penny that Tesla makes, goes into the development of a smaller lower-cost vehicle”. 

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He added that there’s no dividend ever and further joked “My salary is minimum wage. I’m a volunteer, basically”. The highlight of the clip, however, is Musk’s vision about EVS. In the video, the Tesla CEO explained that that the point of expensive cars for rich people is that “when you have new technology, it takes time to optimize that technology”. 

“If you think back to the early days of laptops or cell phones or anything new, it's expensive in the early days. The first job you have with new technology is that you have to make it work. The critical point is you can't get to the low-cost cars unless you start with the expensive ones,” Musk said.

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Netizens call Musk the ‘biggest entrepreneur’ 

It is worth noting that the video is part of a much longer video, from Elon Musk’s 2008 SpaceX presentation to the Hollywood Hill. Meanwhile, the video shared on Twitter has been viewed nearly 2.2 million times and has garnered thousands of likes and comments. One user wrote, “My restaurants are struggling to stay open but when you have vision and you refuse to stay down, it's videos like this that push me harder. Good on you Elon. Never stop believing”. Another added, "The biggest entrepreneur of our time”. 

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