Musk Urges Tesla Workers to Cut Costs Ahead of Fundraising Round
- Internal memo asks for delivery of ‘every car we possibly can’
- ‘Would be awesome to throw a pie in the face of naysayers’
Why This UBS Analyst Is So Bearish on Tesla
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Elon Musk sent an e-mail to employees at Tesla Motors Inc. urging them to cut costs and deliver “every car we possibly can” in a push to show positive cash flow in the third quarter.
The chief executive officer of the electric-car company said it would be his last chance to show improved financial numbers before he tries to raise more money. The third quarter is crucial to Tesla’s future because the company is trying to acquire SolarCity Corp. and preparing to roll out the Model 3, its lower-priced sedan, late next year.