BusinessStartUp News

CEO Elon Musk Encourages Employees To Deliver “Every Car We Can” At Tesla

Efforts on the go with Musk leading the way.

In an attempt at cutting costs and raising profits before Q3 ends, Elon Musk, Co-founder, CEO and product architect of Tesla Motors Inc. sent an internal memo to employees at the company urging them to cut costs and deliver “every car we possibly can”.

Musk’s Plans

Tesla’s CEO Elon Musk explains in the memo that the company will be in a far better position to convince potential investors if upcoming headlines read, ‘Tesla Defies All Expectations and Achieves Profitability,’ rather than, ‘Tesla Loses Money Again.’

Also Read: The Story of Tesla CEO Elon Musk and his $779 Mn Hit(ADD HYPERLINK)

This push was made by Musk in order to help the company show positive cash flows in the third quarter. This quarter is crucial to the firm as trials at acquiring the SolarCity Corp are underway. Elon Musk is also the Chairman and Co-founder of SolarCity Corp.

Musk –the business magnate, investor, engineer and inventor– further backs his eagerness for cost-cutting and profits by saying that this would be his last chance to show improved financial numbers before he tries to raise more money.

Also Read: Tesla Model 3 Is All Set To Encompass Ludicrous Mode

Do you think the American automotive company will be able to tighten its belts and reach targets in the coming months? Please share your thoughts in the comments section below.
Subscribe with us to get your dose of interesting news, research & opinions in the startup segment. Fill the form below:
[email-subscribers namefield=”YES” desc=”” group=”Public”]


Get Free Email Updates!

Signup now and receive an email once I publish new content.

I agree to have my personal information transfered to ConvertKit ( more information )

I will never give away, trade or sell your email address. You can unsubscribe at any time.

The Author

Startup-Buzz Team

Startup-Buzz Team

Startup-buzz Team is a collaborative group of entrepreneurs, researchers, writers and experienced professionals. Tied up together to bring the latest Startup Buzz going around the globe.

Previous post

Dutch Startup Develops A 'Flying Car' Worth $600K

Next post

Amity − A New Interactive Messaging App For Both Android As Well As iOS.