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Tesla shares tumble as Musk promises 'hardcore' cost review, analyst sends Autopilot warning

Brisbane Times Friday, 17 May 2019
Tesla shares recorded their lowest close in almost 2 1/2 years after Elon Musk called for a "hardcore" review of all the electric-car maker's expenses and an analyst warned of potentially severe fallout from a fatal crash involving Autopilot.
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News video: Musk Looks Closer At Tesla's Expenses To Save Money

Musk Looks Closer At Tesla's Expenses To Save Money 00:42

Tesla will take a closer look at their expenses in a new cost cutting initiative. Automotive News reports that Elon Musk, the electric car company's CEO, told employees that he will "increase scrutiny of the company's expenses," with the goal of cutting costs. Musk admitted the cost cutting urgency...

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