Elon Musk says Tesla's birth was 'the only chance' for EV

Elon Musk has offered a glimpse into the motivations that ultimately spurred the birth of Tesla – and it had nothing to do with money. In a flurry of tweets this morning, the Tesla CEO revealed the decision to create the electric vehicle company came on the heels of General Motors' recall of its electric cars in 2003. The odds were heavily stacked against its establishment, Musk says, revealing he thought there was a 90 percent chance of'losing it all' – but, as other firms killed off their electric programs, he suggests the'only chance' at saving EV was to create a company himself. Elon Musk has offered a glimpse into the motivations that ultimately spurred the birth of Tesla In a flurry of tweets this morning, the Tesla CEO revealed the decision to create the electric vehicle company came on the heels of General Motors' recall of its electric cars in 2003 On Twitter, Musk also revealed that, while the company still has a'long way to go,' Tesla has convinced'most of the auto industry' to start their own EV programs. He also says he'gave them all our patents to help, so that's something.'