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Tesla must control costs or stock will ‘get crushed like a soufflé under a sledgehammer!’ Elon Musk reportedly says

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Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019.


AFP via Getty Images

Tesla Inc. Chief Executive Elon Musk has warned employees that the electric-car company needs to focus on maintaining profits and reducing costs, or else its stock will get crushed.

That’s according to internal emails obtained Tuesday by Elektrek and CNBC. While Tesla has been profitable for five straight quarters and has seen its stock skyrocket this year, Musk reportedly said future profits should be foremost on everybody’s minds.



Source marketwatch.com

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