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Why the Future of Tesla May Depend on Knowing What Happened to Billy Durant

Steve Blank

That year, as management tried to coordinate all the operating details across all the divisions, the company almost went bankrupt when poor planning led to excess inventory, with unsold cars piling up at dealers and the company running out of cash. The next year, 1910, trouble hit.

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Durant Versus Sloan – Part 1

Steve Blank

Top management was trying to coordinate all of the operating details (sales, manufacturing, distribution and marketing,) across all the divisions and the company almost went bankrupt that year when poor planning led to excess inventory (with unsold cars piling up at dealers and the company running out of cash.)