Business
‘Crushed like a souffle’: Elon Musk issues Tesla share warning – Yahoo Finance Australia
Here’s why Elon Musk told staff to be prepared.
SpaceX owner and Tesla CEO Elon Musk. (Hannibal Hanschke/Pool via AP)
Tesla staff have been warned the share price will be crushed like a souffle if the company is unable to meet profit expectations, in an internal email from CEO Elon Musk.
The electric vehicle companys stock price has risen nearly 600 per cent in 2020, catapulting Musks net worth to US$128 billion and making him the worlds second richest person.
In January, a Tesla share was worth US$62.27, while today its worth US$584.76. Shares…
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