Elon Musk: Tesla Broke in 10 Months Without ‘Hardcore’ Cost Reduction
Saturday, 18 May 2019 Tesla has called for "hardcore" cost-cutting across every facet of the company, despite its massive capital infusion just a few weeks ago. According to Elon Musk, at present burn rates, the company has less than a year of cash reserves.
The post Elon Musk: Tesla Broke in 10 Months Without ‘Hardcore’ Cost Reduction appeared first on ExtremeTech.
According to Reuters, Shares of Tesla Inc were on track for a fifth straight session of losses on Tuesday, as Morgan Stanley analysts outlined a worst case scenario that could see the electric carmaker’s stock price fall as low as $10. Tesla’s stock, which has almost halved in value since last...
· *SpaceX and Tesla CEO Elon Musk is famously productive — and he expects the same levels of enthusiasm from his employees. *
· An email sent to Tesla... Business Insider Also reported by •The Verge •Motley Fool
· *Tesla shares jumped almost 4% early Wednesday after the company held its annual shareholder meeting the evening prior and CEO Elon Musk told investors... Business Insider Also reported by •Mashable •Futurism •engadget
· Elon Musk told a group of shareholders on Tuesday that Tesla has the design for a submarine car that is similar to the Lotus Esprit featured in James Bond... Business Insider Also reported by •The Verge •Futurism •engadget